US Securities and Exchange Commission (SEC) Chair Paul Atkins showed openness to allowing cryptocurrencies in 401 (k) retirement plans for Americans, but highlighted the need for responsible disclosure. During a Bloomberg interview published Friday, Atkins did not rule out allowing cryptocurrencies into 401 (k) plans. Still, he emphasized that education on the risks associated with…
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Former rugby player Shane Donovan Moore was sentenced to two-and-a-half years in a US federal prison for defrauding more than 40 investors out of $900,000 in a crypto mining Ponzi scheme. According to a Thursday Department of Justice announcement, Moore operated Quantum Donovan LLC from January 2021 to October 2022. Through the company, he reportedly…
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Bitcoin-based decentralized finance (DeFi), often referred to as BTCFi, is experiencing significant growth but still faces challenges. According to DefiLlama data, Bitcoin-based (BTC) DeFi protocols’ total value locked (TVL) went from $304.66 million on Jan. 1, 2024, to $6.5 billion by Dec. 31, 2024. As of publication, DefiLlama data shows that BTCFi has a TVL…
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The United States Securities and Exchange Commission (SEC) extended its deadline for ruling on in-kind redemptions for two separate crypto exchange-traded funds (ETFs). According to a Wednesday SEC filing, the regulator will take more time to decide whether to allow in-kind redemptions on NYSE Arca for Bitwise’s Bitcoin (BTC) and Ether (ETH) spot ETFs. The…
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The European Union has sanctioned individuals linked to an operation that used digital assets to evade sanctions and fund pro-Russian disinformation campaigns. In a decision announced on Tuesday under the EU’s Common Foreign and Security Policy, sanctions were imposed on nine individuals and six entities. Among them was Kremlin-linked influencer Simeon Boikov, known as AussieCossack,…
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The Balkan country of Bulgaria seized over 213,500 Bitcoin back in 2017 and sold them the following year; now, that would be more than enough to cover the country’s public debt. When Bulgaria seized 213,519 Bitcoin (BTC) in late 2017, the haul was worth around $3.5 billion—enough to cover a fifth of the country’s national…
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New Zealander Julia DeLuney is accused of having murdered her 79-year-old mother, Helen Gregory, after funneling her money into crypto. According to a Tuesday report by Radio New Zealand, 53-year-old DeLuney is accused of killing her mother after stealing the money that she kept hidden in her home. Gregory reportedly distrusted banks and instead kept…
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Payment solution company Ripple has confirmed its intention to pursue a Markets in Crypto Assets (MiCA) license to expand into the EU. In messages sent to Cointelegraph, a Ripple spokesperson said the company intends “to become MiCA-compliant” as it recognizes “significant opportunity in the European market.” The statement follows Ripple’s registration of Ripple Payments Europe…
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It’s officially “Crypto Week,” a multi-day event where leaders in the US House of Representatives hope to vote on three cryptocurrency bills expected to bolster the national crypto industry. The CLARITY Act, the GENIUS Act and the Anti-CBDC Surveillance State Act are expected to go through debate, amendments and a final vote over the coming…
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Longtime Bitcoin critic and gold advocate Peter Schiff said the latest BTC rally may be a selling opportunity for investors to buy silver instead. “With Bitcoin hitting new highs today (in dollars), it’s a great time to sell some and buy silver ahead of silver’s next big leg up,” Schiff said in a Thursday X…
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