Indian Central Bank RBI Warns Retail Investors of Crypto’s Lack of Accountability and Stability

May 23, 2024 Bitcoin.com

Bitcoin

The Reserve Bank of India (RBI)’s May 2024 bulletin warns retail investors that “the crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity.” The Indian central bank also cautioned that some cryptocurrency systems may be “prone to crisis without safeguards.” RBI Bulletin’s Crypto and Defi Warnings India’s central bank, the Reserve Bank […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

US Lawmakers Pressure SEC to Apply Same Principles for Ethereum as Bitcoin ETFs

May 23, 2024 Bitcoin.com

Bitcoin

Five U.S. representatives have called on the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler to ensure a uniform and fair treatment in their review of upcoming ethereum exchange-traded funds (ETFs), similar to their method used for approving spot bitcoin ETFs. SEC Urged to Maintain Consistency Between Ethereum and Bitcoin ETFs Five U.S. […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

SEC’s Regulatory Overreach Challenged in Court: Motion Filed to Vacate ‘Dealer’ Rule

May 21, 2024 Bitcoin.com

Administrative Procedure Act

Crypto Freedom Alliance of Texas and Blockchain Association filed a motion on May 17 to vacate the U.S. Securities and Exchange Commission (SEC)’s new Dealer Rule. The plaintiffs’ counsel argues that the SEC’s expanded definition of “dealer” exceeds its statutory authority under the Securities Exchange Act, particularly affecting the digital asset industry. The brief asserts […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

NY Attorney General Secures $2 Billion Settlement With Bankrupt Crypto Lender Genesis

May 21, 2024 Bitcoin.com

NY Attorney General Secures Billion Settlement With Bankrupt Crypto Lender Genesis

Bitcoin

New York Attorney General Letitia James has secured a $2 billion settlement with bankrupt cryptocurrency firms Genesis Global Capital, Genesis Asia Pacific, and Genesis Global Holdco. The settlement, which requires bankruptcy court approval, will establish a victims’ fund to compensate over 29,000 New Yorkers who invested more than $1.1 billion through the Gemini Earn program. […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Hong Kong Police Arrest Three in ‘Hell Money’ Cryptocurrency Scam

May 21, 2024 Bitcoin.com

Bitcoin

Hong Kong police have arrested three men at a currency exchange shop in Tsim Sha Tsui, a major tourist area, for allegedly presenting “hell money” to a customer, leading the customer to transfer approximately HK$1 million ($128,206) worth of cryptocurrency in exchange for cash. The suspects, aged between 31 and 34, were detained on suspicion […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Quantum Computing Poses Critical Threats to Blockchain Security, Warns Expert

May 20, 2024 Bitcoin.com

Bitcoin

Professor Massimiliano Sala, a professor of Mathematics at the University of Trento, warns that quantum computing poses significant threats to blockchain security. He highlights that quantum computers could solve problems foundational to digital signatures, compromising user assets on blockchain platforms. To mitigate these risks, Sala emphasizes the need to transition to quantum-resistant cryptographic systems. He […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Crypto Startup Funding Hits $2.4 Billion in Q1

May 20, 2024 Bitcoin.com

Bitcoin

Crypto startup funding rose to $2.4 billion in the first quarter of 2024, driven by expectations of lower interest rates and the launch of the first U.S. bitcoin spot exchange-traded funds (ETFs), according to Pitchbook data. This funding, spread across 518 deals, marked a 40.3% increase from the previous quarter, even as global venture capital […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Grayscale Leadership Change: Sonnenshein Steps Down — Goldman Sachs’ Peter Mintzberg Appointed New CEO

May 20, 2024 Bitcoin.com

Bitcoin

Crypto asset manager Grayscale Investments has appointed Peter Mintzberg as CEO, effective August 15, 2024. Mintzberg, currently Global Head of Strategy for Asset and Wealth Management at Goldman Sachs, will also join Grayscale’s Board of Directors. He succeeds Michael Sonnenshein, who steps down to pursue other interests. CFO Edward McGee will serve as interim principal […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Coinbase Highlights Key US Regulatory Developments Driving Crypto Prices

May 20, 2024 Bitcoin.com

Bitcoin

The latest Coinbase Weekly Market Commentary, dated May 17, highlights the crucial influence of regulatory developments on U.S. cryptocurrency markets. Coinbase stated: “Macro continues to be a key driver for crypto performance, though we think upcoming major catalysts may be regulatory driven.” Upcoming regulatory events include the Securities and Exchange Commission (SEC)’s decisions on spot […]

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Novogratz Predicts Bitcoin Trading Between $55K-$75K This Quarter

May 20, 2024 Bitcoin.com

Bitcoin

Bitcoin is expected to trade within a narrow range this quarter, according to Michael Novogratz, founder of Galaxy Digital Holdings Ltd. “Bitcoin, ethereum and everything else, solana will consolidate,” he said last week, adding that it means BTC will probably trade “somewhere between $55,000 and $75,000 until the next set of circumstances, the next set […]

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