The alleged operators of My Big Coin have been ordered to pay around $25.8 million in fines to the Commodity Futures Trading Commission for their roles in the crypto scheme. The CFTC said on Wednesday that a Massachusetts federal court judge entered a default judgment ordering My Big Coin Pay, Inc., My Big Coin, Inc.,…
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Major darknet marketplace Huione is reportedly still operating and growing, despite the shutdown of its website and Telegram channels. Haowang Guarantee, formerly Huione Guarantee, said on May 13 that it was shutting down after the Telegram messaging service banned thousands of its associated accounts and channels. However, Chainalysis said in a report on Thursday that…
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Bitcoin has tumbled closer to the psychologically important $100,000 price level, dashing traders’ hopes of a new all-time high after Israel launched a series of airstrikes on Iran. Explosions reportedly rocked Iran’s capital of Tehran at 22:50 UTC on Thursday before Israel claimed responsibility for the attacks, which saw Bitcoin (BTC) drop 2.8% from $106,042…
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The Czech Republic’s main opposition party has called for a no-confidence vote in the government on Thursday, accusing it of corruption over a $45 million Bitcoin payment from a convicted criminal. Alena Schillerova, vice chair of the right-wing ANO party, said in a Thursday post to X that her party felt there was “no choice”…
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The US Securities and Exchange Commission has rescinded a slate of rules the agency proposed under the Biden Administration, including two relating to crypto custody and exchanges. The SEC said on Thursday that it was “withdrawing certain notices of proposed rulemaking” that were issued between March 2022 and November 2023 under former Chair Gary Gensler.…
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The Trump administration’s more relaxed attitude to crypto doesn’t mean the Commodity Futures Trading Commission will give the industry an easy ride, says the agency’s acting chair, Caroline Pham. “There is no easy street for anybody, and regulators aren’t easy,” Pham told Yahoo Finance at the Coinbase Annual Summit on Thursday. “Just because we are…
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Australia’s markets regulator has banned a financial adviser from offering financial services for 10 years, alleging she deceptively invested her clients’ money into a crypto platform listed as a possible scam. The Australian Securities and Investment Commission (ASIC) said on Thursday that it had put Glenda Maree Rogan on a decade-long ban for allegedly transferring…
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Key takeaways: President Trump’s One Big Beautiful Bill could add over $2.4 trillion to the US debt, accelerating a looming debt crisis and spiking inflation. Inflation and dollar devaluation remain the path of least resistance in the US economy, eroding the real value of cash and bonds. Bitcoin can offer a hedge, but only if…
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Key takeaway: Bitcoin (BTC) reached a weekly high of $110,653 on Monday, but it is currently down 3.5%, dropping to a low of $106,600 on Thursday. Escalating tensions between Iran and Israel, with reports of Israel possibly preparing military action against Iran, have triggered a risk-off sentiment, with BTC posting a reaction. From a technical…
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US President Donald Trump released a prerecorded message for attendees of Coinbase’s State of Crypto Summit as Congress considers legislation to regulate payment stablecoins and establish a digital asset market structure framework. In his second message directly addressing a crypto conference since becoming president in January, Trump said he was “not done” implementing crypto policies…
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