Paul Atkins could replace Gary Gensler as chairman of the Securities and Exchange Commission President-elect Donald Trump has nominated Paul Atkins, a known advocate for cryptocurrency, to replace Gary Gensler as the next chair of the US Securities and Exchange Commission (SEC). This is one of the first major moves Trump has made regarding crypto
Tag: Cryptocurrency
Virgin Voyages’ New Annual Pass Program To Accept Crypto Payments
The company claims to be the first cruise line to accept crypto for its operations Virgin Voyages has unveiled its latest innovation in the cruise industry: an Annual Pass program launching in 2025, which will allow customers to pay using cryptocurrency. This makes Virgin Voyages the first cruise line to integrate Bitcoin payments into its
Coinbase Adds Apple Pay to All Onramp Apps
The move will make it even easier for crypto fans to use their funds Coinbase has announced the integration of Apple Pay into its Onramp app services, marking a significant step in simplifying cryptocurrency transactions for users. Starting yesterday, apps utilizing Coinbase’s Onramp services will allow users to log in and make payments directly via
NYDFS Will Reportedly Approve a Ripple Labs Stablecoin
The New York financial regulator is rumored to be accepting of the RLUSD stablecoin The New York Department of Financial Services (NYDFS) is reportedly set to approve Ripple Labs’ RLUSD stablecoin, an overcollateralized dollar-pegged digital currency. Sources suggest the green light from the regulator could come in the first days of December, potentially paving the
Microsoft Claims Quantum Computing Breakthrough That Will Boost Crypto Mining
The tech giant teamed up with Atom Computing to create the next level of computing Microsoft and Atom Computing have announced a breakthrough in quantum computing that could reshape blockchain mining, particularly in proof-of-work systems. The collaboration has resulted in the development of a quantum computing system with 24 entangled logical qubits, achieved using just
Crypto Exchange XT.com Hacked for $1.7 Million, Suspends Withdrawals
The hack forced the exchange to halt withdrawals as it investigates the situation Cryptocurrency exchange XT.com has halted all withdrawals following a suspected hack that resulted in the theft of $1.7 million in digital assets. The platform, which reports daily trading volumes of approximately $3.4 billion, initially cited “wallet upgrade and maintenance” as the reason
President-Elect Trump Could Move Crypto Oversight to the CFTC
The move would give the SEC less power to manipulate cryptocurrency initiatives President-elect Donald Trump’s administration is reportedly considering shifting the oversight of cryptocurrency exchanges and spot markets for digital assets classified as commodities to the Commodity Futures Trading Commission (CFTC). This potential regulatory change could mark a significant departure from the current approach led
Recent Increase in NFT Activity Shows the Market Isn’t Slowing Down
NFTs produced $158 million in sales for the third week of November The NFT market continues to show resilience despite slight dips in weekly sales, highlighting sustained interest in digital collectibles. Recent data from CryptoSlam revealed that NFTs generated $158 million in sales during the week ending November 24. While this figure represents a 12.7%
President-Elect Trump’s Trump Media Reportedly Looking To Launch Crypto Exchange
The company has filed for a patent covering several cryptocurrency products President-elect Donald Trump’s media company, Trump Media and Technology Group (TMTG), may be venturing into the cryptocurrency space. A recent trademark application filed on November 18 hints at plans for a digital wallet, cryptocurrency payment processing, and a digital asset trading platform under the
Five More Scattered Spider Cryptocurrency Hackers Charged Over Recent Attacks
The group has been behind a number of high-profile attacks over the past couple of years Five individuals have been charged in connection with a hacking group known as Scattered Spider, accused of stealing $11 million in cryptocurrency and sensitive information from businesses and individuals. US prosecutors allege the group carried out phishing schemes and
Coinbase Drops Wrapped Bitcoin Coverage in December
The exchange doesn’t feel the Bitcoin offshoot is meeting its obligations Coinbase has announced it will halt trading of Wrapped Bitcoin (WBTC) on December 19, 2024, due to the token no longer meeting its listing standards. This decision affects all trading on Coinbase platforms, including Advanced Trade, Coinbase Exchange, and Coinbase Prime. Users will still
Bitfinity Network To Create Ethereum Virtual Machine-Compatible DeFi Solution
Polychain and others have provided $12 million in funding to support the initiative The Bitfinity Network, a Bitcoin layer-2 (L2) protocol, has launched with a vision to bridge the gap between Bitcoin and decentralized finance (DeFi). Backed by $12 million in funding, the initiative aims to create Ethereum Virtual Machine (EVM)-compatible DeFi functionality for Bitcoin