Novogratz, CEO of crypto-focused financial services firm Galaxy Digital (GLXY), said Fink is “the most important thing that happened this year in bitcoin,” because of BlackRock’s application to list a spot bitcoin exchange-traded fund (ETF) in the U.S. in June. Source
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Richard “Heart” Schueler and crypto projects HEX, PULSECHAIN, and PULSEX. According to a document filed with a court for the Eastern District of New York and shared on X by economist Alex Krüeger, the regulator is violating U.S. securities laws. As of this writing, HEX is feeling the heat from the lawsuit. The token plummeted over 11% in today’s trade session alone as a direct impact of this development. It continues a downside trend that worsened over the past…
Advocates of the crypto industry in Japan demand the revision of the national tax regime for digital assets. Japan Blockchain Association (JBA), a non-governmental lobbying group, filed an official request to the country’s government, highlighting three major steps to ease up the fiscal burden on crypto holders. The request was published on the Association’s website on July 28. It calls the taxation of crypto-assets the biggest barrier for web3 businesses in Japan, and a factor that prevents citizens from actively owning and using crypto-assets. Thus, the group names three major…
In the wake of a massive exploit, the price of the Curve (CRV) token has declined drastically, recording double-digit losses in the last day. This has led to what some would call an opportunity to buy cheap coins and Matrixport and Bitdeer founder Jihan Wu is one of the believers. A Good Time To Buy Curve (CRV)? Jihan Wu recently tweeted that he bought the CRV dip. According to Wu, he remains a strong believer in the token because of its future applications. Wu’s tweet comes at a time when…
The United States Securities and Exchange (SEC) has filed a lawsuit against Richard Schueler, better known in the crypto space as Richard Heart, for alleged unregistered offerings of three tokens. In a July 31 filing in U.S. District Court for the Eastern District of New York, the SEC claimed Heart had raised more than $1 billion through “the unregistered offer and sale of crypto asset securities”, which included HEX, PulseChain (PLS), and PulseX (PSLX). According to the complaint, Heart touted the tokens “as a pathway to grandiose wealth for investors”,…
CryptoX – Cryptocurrency Analysis and News Portal Jeju, Busan and Incheon are in the running to be considered. Source The post Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report appeared first on CryptoX. CryptoX Portal
The U.S. Securities and Exchange Commission (SEC) sued internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities offerings. Source
Tether continues to increase its treasury reserve holdings backing circulating USDT (USDT) tokens, according to its latest financial attestation for the second quarter of 2023. Tether Holdings published its Q2 attestation from accounting firm BDO, highlighting an $850 million increase in its excess reserves, which takes its total to $3.3 billion. Tether Excess Reserves increase by 850M to reach $3.3B as Leading Stablecoin Reveals $72.5B overall exposure in US T-Bills and Unveils Energy-Related Investments. Read more https://t.co/zoEHWMawEM pic.twitter.com/N4vk3EUQnw — Tether (@Tether_to) July 31, 2023 The report also serves as the first time…
The Information Commissioner’s Office (ICO) has issued a reprimand to NHS Lanarkshire, following staff’s unauthorised use of WhatsApp to share patients’ personal data over the course of two years. Between April 2020 and April 2022, 26 staff at NHS Lanarkshire had access to a WhatsApp group where patient data was entered on more than 500 occasions, including names, phone numbers and addresses. Images, videos and screenshots, which included clinical information, were also shared. While it was made available for communicating basic information only at the start of the pandemic, WhatsApp…
Of the $303 million this month, investors lost about $285 million in exploit attempts and hacks including the Multichain and Curve attacks, per CertiK’s data. Roughly $8.7 million of assets were drained abusing flash loans. This is a sophisticated exploit venue that lets traders borrow unsecured funds using smart contracts instead of third parties. These types of loans are legal, but attackers sometimes use them to manipulate the price of smaller, less liquid tokens for gains. The most notable example was DeFi protocol Conic Finance being drained of 1,700 ether…