Silvergate Capital recently settled with the SEC for $50 million, following allegations that the company misled investors about the strength of its BSA/AML compliance program and the monitoring of crypto customers, including the exchange FTX. The SEC claimed that Silvergate Capital, its subsidiary Silvergate Bank, and two executives engaged in fraudulent activities between November 2022
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The Bahamas is taking steps to make its central bank digital currency (CBDC) more accessible to the public. Central Bank Governor John Rolle announced plans to work with commercial banks to ensure that the “Sand Dollar” is readily available to clients. This move is part of an effort to boost adoption rates and encourage the
The head of Digital Assets Research at VanEck, Matthew Sigel, has confirmed that the company’s Solana spot ETF proposal is betting on Donald Trump winning the US presidency. This speculation has raised concerns about the potential approval of the ETF, especially in the event of a Democrat victory. According to analysts, the approval odds for
The recent announcement made by Circle on July 1 regarding its reception of an e-money license from France has significant implications for the global stablecoin market. This move positions Circle as the first stablecoin issuer to adhere to the EU’s Markets in Crypto-Assets (MiCA) regulations. The license granted by France’s financial regulator, the Autorité de
The world of cryptocurrency has long been marked by the 24/7 accessibility of assets like Bitcoin. However, recent data provided by Kaiko paints a different picture of the weekend trading scene for the popular digital currency. The report reveals a significant drop in Bitcoin weekend trading activity, plummeting from 28% in 2019 to only 16%
Sony Group, a prominent conglomerate in Japan, has recently announced its acquisition of Amber Japan’s WhaleFin exchange, which will now be known as S.BLOX Co. The company plans to revolutionize the user interface of WhaleFin and launch a new app to enhance the user experience. Additionally, Sony intends to widen the scope of supported currencies
In a groundbreaking move, Futureverse, a company known for its specialization in AI and metaverse technologies, has forged a strategic partnership with Animoca Brands, a prominent player in digital property rights and blockchain-based entertainment. This partnership aims to revolutionize the metaverse technology landscape by integrating Futureverse’s cutting-edge tools with Animoca Brands’ extensive blockchain product ecosystem.
The month of June was filled with ups and downs for the Bitcoin price, as it experienced significant volatility. The price of Bitcoin reached highs of $72,000 and lows of $58,000, ultimately resulting in a 7.12% decrease. The bears managed to push the price down, leaving many investors wondering if July will bring a different
Keith Gill, also known as “Roaring Kitty,” is currently facing securities fraud claims in connection to the 2021 GameStop frenzy. The class-action lawsuit filed against him on June 28 in the Eastern District of New York accuses Gill of engaging in a “pump and dump” scheme through his social media posts. The complaint alleges that
The Blast Network has recently emerged as a prominent player in the web3 space, offering a unique solution to the scalability and efficiency challenges faced by the Ethereum Mainnet. Launched by the founders of the Blur NFT marketplace, Blast Network’s mainnet, known as Blast Mainnet, went live in February 2024. The platform aims to address