The Australian Federal Court has ruled in favor of Australian fintech firm Finder.com, clearing the company and its yield-generating product, Finder Earn, in a legal battle with the Australian Securities and Investments Commission (ASIC) that lasted nearly three years. In a Thursday court decision, Justices Stewart, Cheeseman and Meagher confirmed the previous judgment that Finder…
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A Denver, Colorado-based online pastor and his wife were indicted Tuesday on charges related to a cryptocurrency fraud scheme that raised more than $3 million from faith-based investors. Online pastor Eli Regalado and his wife, Kaitlyn, were indicted on 40 counts stemming from what Denver District Attorney John Walsh described as a “multi-million-dollar cryptocurrency scam.”…
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Strategy, the world’s largest corporate Bitcoin holder, is launching a new kind of stock offering, aiming to raise more funds to invest in the world’s first cryptocurrency. Michael Saylor’s Strategy announced plans to conduct an initial public offering of 5 million shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). Strategy will…
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Blockchain-based investment products and compliance tools are poised to become more than 10 times faster and cheaper than traditional finance (TradFi) offerings, spurring increased digital asset adoption among financial institutions. Traditional financial compliance products are often fragmented and expensive due to complex manual processes, resulting in billions of dollars in costs for institutions. “Compliance is…
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Optimistic regulatory expectations became the focal point for cryptocurrency investors this week, following an event dubbed by the US government as “Crypto Week,” during which lawmakers sought to pass three key regulatory bills for the Web3 industry. Fueled by the optimistic outlook, Bitcoin (BTC) flipped Amazon’s $2.3 trillion market capitalization and soared to become the…
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Crypto market watchers are concerned about a potential correction as whales are selling billions of dollars worth of Bitcoin, despite the US Senate passing three key pieces of legislation that provide more clarity for digital assets. A Satoshi-era whale awakened after 14 years of dormancy and moved $9.6 billion worth of Bitcoin (BTC), which he…
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Financial technology (Fintech) companies may move away from traditional lending services, as decentralized alternatives offer more accessible loans with smaller fees. Decentralized finance (DeFi) lending protocols enable users to lend and borrow their cryptocurrency for passive income in a permissionless manner, via smart contracts instead of numerous financial intermediaries. The growing efficiency and accessibility of…
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Arizona, Texas and Utah have been recognized as the leading US states in terms of cryptocurrency regulations, as investor attention is turning to the US “Crypto Week,” which may see the passage of three key pieces of legislation. Arizona, Texas, and Utah are currently leading the nation in blockchain policy and have been recognized as…
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Multimillionaire cryptocurrency trader James Wynn returned despite numerous previous liquidations, signaling renewed confidence in Bitcoin’s near-term upside momentum. Wynn returned with two new leveraged positions, including a 40x leveraged Bitcoin (BTC) long position worth over $19.5 million at $117,000, which could be liquidated if the price fell below $115,750. Wynn has already incurred $1.4 million…
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A Satoshi-era Bitcoin whale has reawakened after 14 years of dormancy, potentially looking to sell more than $4 billion worth of BTC. The major cryptocurrency holder has 80,000 Bitcoin (BTC) in their stash. The whale transferred 40,010 BTC worth over $4.6 billion on Monday, of which 28,600 BTC were subsequently transferred to Galaxy Digital, data…
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