BODEN trader loses nearly $8M, but ‘memecoin season’ still on track
Biden-related memecoins fell over 60% since the US president dropped out from the 2024 election.
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CFTC promises to protect ‘the burgeoning markets for digital assets such as Bitcoin’
The CFTC continues its roll of crypto announcements this week in a recent fraud bust-up. On Friday, the Commodity Futures Trading Commission made a fraudster pay back $7.4 million to investors while vowing to protect the Bitcoin market.Per the CFTC's announcement, James McDonald, Director of the commission's enforcement division, said The CFTC will continue working to protect…

Bitcoin Price Stable Compared to Pound Sterling During Brexit Debacle
With Britain reeling from a parliamentary showdown aimed at thwarting the government’s threat to pull the country out of Europe in a no-deal Brexit, Bitcoin (BTC) is relatively stable as compared with the British pound sterling.The United Kingdom’s liberal-leaning daily newspaper The Independent reported on Sept. 3 that Bitcoin has, amid the country’s parliamentary drama…

OKX to extend offers in Dubai after securing a provisional license
The license will allow crypto exchange OKX to offer services and products to investors and financial services providers in Dubai. 171 Total views 5 Total shares Crypto exchange OKX has acquired a provisional virtual assets license granted by the Dubai Virtual Assets Regulatory Authority (VARA), allowing them to offer additional services to qualified investors and…

$3.3B Bitcoin mining company Griid to list on NYSE via SPAC deal
The company projects it can mine up to 25,000 BTC per year by 2024. In a filing with the United States Securities and Exchange Commission on Tuesday, special purpose acquisition company, or SPAC, Adit EdTech Acquisition Corp, announced it would merge with Cincinnati-based Bitcoin (BTC) miner Griid at a $3.3 billion enterprise valuation. SPACs are…

SEC chair: retail crypto investors should be protected
"There’s no reason to treat the crypto market differently just because different technology is used," said Gary Gensler. 595 Total views 22 Total shares Gary Gensler, chair of the United States Securities and Exchange Commission, said the agency’s protections that apply to investors of traditional assets should extend to those in the crypto market.In prepared…

Binance to Resume US Operations Within Two Months, Predicts CEO CZ
Changpeng Zhao, CEO of major cryptocurrency exchange Binance, has predicted that Binance will resume crypto-to-fiat operations in the United States within the next two months.Navigating U.S. regulationZhao, also known as CZ within the crypto community, made his prediction in an interview with online news outlet Cheddar published Aug. 15. When asked about Binance’s return to…

Dutch Soccer Assn. Trials Blockchain App at EU Championship Qualifying Match
The Royal Dutch Football Association (KNVB) trialed a new blockchain-based ticketing app during yesterday’s Netherlands-Estonia European Championship qualifying match.The news was reported by Ajax Life, a fanzine associated with the top tier Dutch football club AFC Ajax, on Nov. 19.Replacing tickets with an appYesterday’s match was hosted at the Johan Cruijff Arena in Amsterdam, which…

Philippines Securities Regulator Issues Draft of ICO Rules, Requests Feedback From Public
The Philippines Securities and Exchange Commission (SEC) has published a set of draft rules for regulating Initial Coin Offerings (ICOs) for public review, according to an official statement August 2. In the SEC’s Memorandum Circular, the agency stipulates that any company registered in the Philippines looking to run an ICO, or any ICO selling tokens…