Former OpenSea Product Manager Sentenced for Insider Trading Involving NFTs

A federal judge has sentenced former OpenSea product manager Nathaniel Chastain to three months in prison for wire fraud and money laundering related to insider trading on the platform. In an Aug. 22 announcement from the United States Department of Justice, U.S. Attorney Damian Williams said ...

PayPal Integration with Ledger Live Enables Direct Cryptocurrency Purchases

The companies have partnered. The agreement will see PayPal integrated into Ledger Live. Users of the app in the U.S. will be able to buy bitcoin, ether, BCH and LTC directly from a currency account, Ledger noted. Hardware wallet maker Ledger has anno ...

Ledger Partners with PayPal to Integrate Cryptocurrency Purchases on Ledger Live

The companies have partnered. The agreement will see PayPal integrated into Ledger Live. Users of the app in the U.S. will be able to buy bitcoin, ether, BCH and LTC directly from a currency account, Ledger noted. Hardware wallet maker Ledger has anno ...

Binance Introduces NFT Lending on Cryptocurrency Exchange Marketplace

Largest cryptocurrency exchange added a lending function on its marketplace secured by non-exchangeable tokens. At the moment, only ether is bailed out by NFT. Right now users of the cryptocurrency exchange can use digital assets from such collections as Bored Ape Yacht C ...

Jurisdictional Uncertainty: SEC and CFTC Debate Ether’s Regulatory Classification

Ether would then fall under the jurisdiction of both the SEC and the U.S. Commodity Futures Trading Commission (CFTC). There is currently no certainty about ETH. CFTC representatives have repeatedly referred to ether as a commodity and stated that it is their agency that should regulate this cryp ...

Hong Kong Securities and Futures Commission to Allow Retail Investors to Trade Cryptocurrencies from June 2023

According to Bloomberg, the Hong Kong Securities and Futures Commission (SFC) is going to officially allow retail investors to trade in cryptocurrencies from June 2023. The relevant provisions are captured in a new set of rules. Thanks to the development of the cryptoc ...

Institutional Investors Continue to Withdraw Funds from Cryptocurrency Trusts

CoinShares reported in another weekly market review that institutional investors have withdrawn funds from cryptocurrency trusts for the fifth week in a row. Between May 15 and May 19, $32 million in assets were withdrawn from cryptocurrency investment trusts. Total outf ...

Forbes Author Claims SEC’s Legal Battle Against Ripple is a Tough Challenge

Forbes magazine's crypto-asset author suggested that the Securities and Exchange Commission has "bitten off more than it can swallow" in its legal campaign against Ripple. Sam Lyman thinks it's becoming increasingly clear to the bodies of litigation that the new SEC admin ...

Grayscale to Launch Three New Exchange-Traded Funds Despite SEC Obstacles

The largest crypto fund management company Grayscale Investments continues to expand the list of offers to clients, despite the obstacles of officials. Three new exchange-traded funds are to be launched in the near future. Grayscale has created a new division called Gray ...

PayPal Reports 56% Increase in Crypto Assets in Q1 2023

In a quarterly report filed with the U.S. Securities and Exchange Commission (SEC), PayPal reported that the company's crypto assets increased 56% in the first quarter of 2023. As of March 31, 2023, the company had $943 million in total crypto assets in its accounts. Of ...

Morgan Mac Lawyers Predict Coinbase Will Not Delist Bitcoin and Ether Despite Regulatory Pressure

According to Morgan Mac Lawyers, Coinbase is unlikely to delist bitcoin (BTC) and ether (ETH) even if regulators increase pressure on the exchange, given that these two cryptocurrencies account for 65% of its trading volume. Bill Morgan, a lawyer representing the San Francisco-based exchange, sta ...

Bhutan’s Largest State-Owned Company, Druk Holding and Investments, Diversifies Investment Portfolio with Bitcoin Mining

Bhutan's largest state-owned company, Druk Holding and Investments, announced that it has been mining bitcoin for several years to diversify its investment portfolio.</div DHI CEO Ujjwal Deep Dahal said the company began showing interest in mining bitcoin when it was wor ...

Crypto trader predicts AVAX price rise if it holds above $16.85

A renowned crypto trader on his Twitter page explained what will happen to the AVAX token in the near future. Saturday.. On April 29, the level of support, from the expert's point of view, was $17.17. Michael Van De Poppe believes that if ...

Crypto Analyst Bluntz Believes Bitcoin Unlikely to Break $30,000 Level in Near Future

The trader who predicted the bottom of the bearish trend for the bitcoin market in 2018 believes the leading cryptocurrency is unlikely to break the $30,000 level in the foreseeable future. A crypto analyst nicknamed Bluntz told his audience that bitcoin's rise is probably ...

Cryptocurrency Analyst Predicts Sharp Drop in Ether Market Value

A well-known expert in the field of cryptocurrency analysis has made a bold prediction regarding the future market value of Ether. Benjamin Cowen recently uploaded a video to his YouTube channel in which he explains that the current market price of Ether, which is around $2,000, is experiencing a ...

Cryptocurrency Market Sees Drop in Value as Overheating Eliminated

FxPro, an investment company, has reported that the recent correction in the cryptocurrency market has helped to alleviate overheating and overbought conditions in the market. As of April 24th, the total capitalization of the cryptocurrency market has decreased by almost 9% to $1.155 trillion, re ...

Former SEC Chairman Jay Clayton: Courts Ineffective for Determining Crypto Asset Securities

In a recent interview with CNBC, Jay Clayton, the former Chairman of the US Securities and Exchange Commission (SEC), argued that the courts are not an appropriate forum to determine whether crypto assets should be considered securities or not. He noted that any security today may not be consider ...

Ethereum Network Update Boosts ETH Price to 11-Month High

Shortly after the successful update of the Shapella Ethereum network, the value of Ether, the second largest cryptocurrency by market capitalization, surged to $2,100, bringing it back to its May 2022 position. Experts monitoring the network growth rate have stated that Ether is currently leading ...

Ralph Lauren’s Miami Store Now Accepts Crypto Payments

Ralph Lauren, the renowned American fashion brand, has announced that it will now accept cryptocurrency payments at its newly opened Miami store. This marks the first time that the brand will accept payments via digital currencies, including Bitcoin (BTC), Ether (ETH), and the Polygon MATIC token ...

PostFinance, the Fifth Largest Swiss Bank, to Provide Cryptocurrency Services to its Customers

Swiss state-owned bank PostFinance has revealed its plan to offer a "full range of crypto-currency services" to its 2.5 million customers. Initially, the bank will allow customers to buy, hold and sell major cryptocurrencies such as bitcoin (BTC) and ether (ETH). Philipp Merkt, Chief Investmen ...

Nasdaq to Launch Cryptocurrency Storage Services in 2023

Nasdaq's announcement to launch cryptocurrency storage services is a significant move in the crypto industry. By offering digital asset custody services, Nasdaq is expanding its services beyond traditional stock trading, and tapping into the growing demand for secure storage solutions for digital ...

ARK Invest CEO: Cryptocurrencies are now seen as protective assets during US banking crisis

During the ongoing banking crisis in the United States, the perception of cryptocurrencies has shifted from a risky asset to a protective asset, according to Cathie Wood, the CEO of investment fund ARK Invest. Wood blames the US Federal Reserve and other regulators for the collapse of Silicon Val ...

Fidelity Investments grants full access to US retail traders on its Crypto platform

Fidelity Investments, a renowned American investment company, has extended full access to its Crypto platform to retail traders in the United States. Previously, access to this platform was only granted to users on a "white list". However, interested Fidelity Crypto users will need to create a br ...

Concentration of Ether among Large Holders Raises Concerns for Ethereum Investors

According to reports by IntoTheBlock, a significant portion of the Ether supply, accounting for 39%, is owned by a limited number of addresses. This stands in contrast to Bitcoin, where the share of large holders, also known as whales, does not exceed 11% of the total supply. This observation by ...

Zambia Ready to Implement Cryptocurrencies for Payments, Says Minister

"The Zambian government is taking a big step forward by embracing the use of crypto assets for payments," declared Felix Mutati, the Minister of Science and Technology. He stated that Zambia is prepared to integrate digital currencies into its financial system and that the government has already ...

Armenian Entrepreneur’s $15K Investment Turned $82.3M in Ether

An Armenian entrepreneur made a smart investment move in 2014 by purchasing 50,000 Ether at a mere $0.3 per coin for a total of $15,000. Fast forward to today, and his investment is now estimated to be worth a staggering $82.3 million at the current exchange rate. Alexis Ohanian, co-fou ...

“DBS Digital Exchange reports a significant increase in Bitcoin and Ether trading volumes”

DBS, the leading Singaporean bank, has reported a significant surge in trading volumes on its DBS Digital Exchange platform. According to the bank, the trading volume of Bitcoin has increased by 80% in the past year, while Ether has seen a 65% increase in trading vol ...