The move is the latest of several made as the agency rethinks its cryptocurrency approach The US Securities and Exchange Commission (SEC) has officially closed its investigation into Coinbase. The news marks a significant shift in the regulatory landscape for the cryptocurrency industry. The SEC’s investigation into https://t.co/pFc4Pz9nFR has been closed with no action being
Category: Crypto
Controversial Crypto Influencer ‘Bitboy’ Arrested in Florida
This isn’t the first time the social media personality has had a run-in with the law Crypto influencer Ben Armstrong, better known as “BitBoy,” has been arrested in Florida, just days after publicly stating that a warrant had been issued for his arrest. The Volusia County Division of Corrections confirmed that Armstrong was taken into
North Carolina Bill Seeks Approval to Purchase Crypto for Retirement Funds
Bills have been presented in both the House and Senate to increase interest in digital assets North Carolina lawmakers are considering new legislation that could allow the state’s treasurer to invest a portion of retirement funds in digital assets, including Bitcoin. Bills introduced in both the House and Senate propose allocating up to 5% of
Arizona’s Cryptocurrency Reserve Bill Takes Another Step Forward
Several states could have their own cryptocurrency reserves in place this year Arizona’s push to establish a cryptocurrency reserve is moving forward as two key bills advanced past the House Rules Committee yesterday. The proposed legislation, if passed, would allow the state to manage digital asset reserves using both seized assets and public funds. The
Victims of Spoofed Crypto Investment Websites To Get Their Money Back
The US government continues to return cryptocurrency stolen through hacks US authorities are preparing to return $7 million to victims of a sophisticated crypto scam that tricked investors into sending money to fraudulent online platforms. The scheme, which involved social engineering tactics, led victims to believe they were investing in legitimate cryptocurrency ventures. The United
Bitcoin-Stacking Firm Metaplanet Adds Eric Trump To Board of Advisers
The company expect President Donald Trump’s son to help it guide its mission Metaplanet, a Bitcoin-focused investment firm, has announced the addition of Eric Trump to its newly formed strategic board of advisers. The move is part of the company’s broader plan to position itself as a major force in the Bitcoin economy, with Trump
Russian Gotbit Founder Makes a Deal in $23M Fraud Case
Aleksei Andriunin has made a deal to return most of the money he stole from the crypto platform Aleksei Andriunin, the Russian entrepreneur behind the Gotbit cryptocurrency platform, has reportedly reached a plea agreement with US prosecutors in a case involving allegations of market manipulation. The deal includes forfeiting approximately $23 million in stablecoins, including
North Dakota Bill To Limit Cryptocurrency ATM Withdrawals Continues to Advance
The Senate wants to cap the daily amount at $2,000 A bill aimed at regulating cryptocurrency ATMs in North Dakota is moving forward, with lawmakers reinstating a provision that caps daily withdrawals. The state Senate passed House Bill 1447 by a 45-1 vote, reviving a transaction limit of $2,000 per user that had previously been
New SEC Looks to Undo Old SEC Cryptocurrency Restrictions
The securities watchdog continues to review policies that have hindered crypto growth The US Securities and Exchange Commission (SEC) may be preparing to roll back a proposed rule that would have imposed stricter custody requirements on cryptocurrency held by investment advisers. Acting SEC Chair Mark Uyeda indicated that the rule, introduced in early 2023 under
New Scams Spoof Coinbase and Gemini to Fool Cryptocurrency Users
Many reports are surfacing of fraudulent emails that trick users into creating new wallets Scammers are ramping up efforts to deceive cryptocurrency users by impersonating major exchanges like Coinbase and Gemini. Reports of fraudulent emails have surfaced, tricking users into setting up wallets with pre-generated recovery phrases that allow attackers to take full control of
Founder of Crypto Exchange AML Bitcoin Convicted on Federal Charges
Rowland Marcus Andrade also faces a civil case by the SEC The founder of AML Bitcoin, a cryptocurrency exchange marketed as a platform with strong anti-money laundering protections, has been convicted of wire fraud and money laundering in a California federal court. Rowland Marcus Andrade was found guilty on March 12 in the US District
North Korean Hackers Are Using Fake Zoom Meetings To Infiltrate Crypto Companies
Several crypto execs confirm they’ve been recent targets of the scam North Korean hackers are reportedly using fake Zoom meetings as a new tactic to infiltrate cryptocurrency companies and steal sensitive data. At least three crypto founders have identified and stopped recent attempts by scammers posing as potential business partners. The method, which has already