A United States appeals court has upheld a lower court's decision to reject a lawsuit against Lemonade Insurance, brought by a Virginia homeowner seeking coverage for a $170,000 loss from a cryptocurrency scam. The Fourth Circuit Court of Appeals ruled on October 24 that Lemonade Insurance had no obligation to ...
The United States and Nigeria have established a Bilateral Liaison Group aimed at tackling illicit finance and cryptocurrency-related crimes. The U.S. Department of State announced this partnership on Wednesday, October 23, highlighting the importance of collaboration in addressing financial crime and cyber threats, particularly concerning the misuse of digital assets. ...
State securities regulators across North America are facing an unprecedented surge in technology-driven investment fraud as digital assets and social media scams reach record levels, according to a new report by the North American Securities Administrators Association (NASAA). The report reveals that regulators in the U.S, Canada, and other North ...
The U.S. government, already one of the largest Bitcoin holders globally with over 200,000 coins, may soon significantly increase its holdings. A new bill introduced by Senator Cynthia Lummis (R-Wyo.) proposes creating a strategic Bitcoin reserve to reinforce the dollar's status as the world's reserve currency. US Govt Bitcoin Holdings. ...
A coalition of cryptocurrency advocates is urging the US administration to implement a comprehensive regulatory framework for digital assets, citing benefits for economic stability and national security. According to a post by Chen Arad, the Crypto Market Integrity Coalition (CMIC) sent a letter to President Joe Biden and Vice President ...
The newly launched spot Ether exchange-traded funds (ETFs) in the United States have shown a promising start, recording positive net flows on their first trading day despite significant outflows from Grayscale's Ethereum Trust. According to data from SoSoValue released on Wednesday, Jul 24, 2024, the US ETH ETFs saw net ...
On Wednesday, July 3, 2024, the 11 US-based spot Bitcoin exchange-traded funds (ETFs) experienced a modest daily net outflow of $20.5 million, according to data from Farside Investors. This development comes amid a notable decrease in overall trading volume. The day's trading activity was characterized by minimal movement across most ...
Bitcoin mining company Bitfarms has announced its plan to build a 120-megawatt mining infrastructure in the United States. The Bitcoin mining giant shared this development in a press release today, June 13, 2024. According to the release, the site where the infrastructure would be built, Sharon, Pennsylvania, is located in ...
In 2022 and 2023, FTX dominated crypto regulation headlines, this year the cannons of government-enforced regulation, undeterred in their mission to seek and destroy, are focused on another "big bird" and are hell-bent on clipping its wings. Binance, for several months now, has faced a series of challenges with regulators ...
The United States Treasury Department has requested more enforcement authority against international digital asset service providers in its efforts to ensure national security, according to a recent report by Bloomberg. The Treasury's deputy secretary, Adewale O. Adeyemo, reportedly wrote in his testimony as he prepared to appear before the U.S. ...
