Nigerian Regulator Threatens Crackdown on Unlicensed Crypto Entities

The Nigerian Securities and Exchange Commission (SEC) has vowed to crack down on unlicensed cryptocurrency businesses targeting Nigerians. This comes just two weeks after approving two crypto exchanges and promising to consider... Read more »

Bitwise CIO highlights rapid adoption of Bitcoin ETFs by advisors

Bitwise Chief Information Officer (CIO) Matt Hougan asserted that investment advisors are adopting spot Bitcoin (BTC) exchange-traded funds (ETFs) faster than any other ETF launched in recent history. Hougan made the statement... Read more »

Putin Acknowledges Russia as a Bitcoin Mining Leader; 54,000 BTC Mined in 2023

During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made possible due... Read more »

Block Inc. surpasses Coinbase in market cap as crypto stocks see decline

Photo by Block Inc. Key Takeaways Block Inc. has surpassed Coinbase in market capitalization for the first time since March. Barclays adjusts its rating on Coinbase from Under Weight to Equal Weight.... Read more »

DePIN tokens down 30% over 6 months despite reaching $20 billion market cap — MV Global

Decentralized Physical Infrastructure (DePIN) tokens have experienced a 30% decline over the last six months despite the sector reaching a market capitalization of $20 billion in the past 12 months, according to... Read more »

UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements

The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer... Read more »

Friend.tech’s FRIEND token tanks to record low as team abandons control of smart contracts

Key Takeaways FRIEND token’s value dropped over 30% in the last 24 hours. Friend.tech transferred smart contract control to a burn address, ending platform updates. Share this article Friend.tech’s FRIEND token has... Read more »

Tokyo Electric Power Company’s Subsidiary Mines Bitcoin With Surplus Energy

According to a report from Asahi Shimbun, one of Japan’s oldest national newspapers, a subsidiary of Tokyo Electric Power Co. (TEPCO) has taken an innovative step into the world of bitcoin mining.... Read more »

VanEck shifts focus to spot Ethereum ETF, phases out futures fund EFUT

Asset management firm VanEck announced plans to close and liquidate its Ethereum futures exchange-traded fund (ETF) EFUT, according to a Sept. 6 statement. VanEck cited performance, liquidity, assets under management (AUM), and... Read more »

United Texas Bank Faces Regulatory Action for AML Failures Linked to ‘Virtual Currency Customers’

United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take immediate... Read more »