SEC Issues Wells Notice to Robinhood Over Crypto Operations

May 6, 2024 Bitcoin.com

bitcoin.com

A report indicates that the U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to the financial services provider Robinhood. This action by the SEC concerns the company’s operations in the cryptocurrency sector and its listing of crypto assets. SEC Mulls Enforcement Against Robinhood’s Crypto Ventures, Company Says It Is Cooperating The staff […]

SEC’s Gary Gensler is getting irked being asked about crypto

Ethereum Technical Analysis: ETH Bulls Maintain Drive Amid Fluctuations and Uncertainty

May 6, 2024 Bitcoin.com

bitcoin.com

As ethereum trades at $3,135, technical indicators present a nuanced picture for traders. Oscillators largely suggest neutrality with a mix of bullish signals, while moving averages indicate a balance of both positive and negative signals across different time frames. Ethereum Ethereum’s current price is around $3,135 per unit, with an intraday range between $3,116 and […]

SEC’s Gary Gensler is getting irked being asked about crypto

Bitcoin Technical Analysis: Bulls Challenge Upper Resistance

May 6, 2024 Bitcoin.com

Bitcoin (BTC)

Bitcoin’s price movement on May 6, 2024, showcases a complex dance of volatility and potential, captured vividly across various time frames and technical indicators. With an intraday range swinging from $63,657 to $65,489, traders grapple with a trading landscape rife with both uncertainty and opportunity. As oscillators mostly suggest neutrality with glimpses of buying strength, […]

SEC’s Gary Gensler is getting irked being asked about crypto

Kenyan President Requests Bitcoin Miner Marathon Digital to Review Nation’s Cryptocurrency Regime

May 6, 2024 Bitcoin.com

Africa

The Kenyan President William Ruto recently revealed that his government has appointed Bitcoin mining company Marathon Digital as its consultant to review its cryptocurrency regime. The U.S.-based Bitcoin miner is reportedly set to discuss electricity usage in cryptocurrency mining with the Kenyan Energy Ministry. Kenya’s Policy Shift Kenyan President William Ruto recently announced that his […]

SEC’s Gary Gensler is getting irked being asked about crypto

Analysts: Gold Rush In China Is Propping Prices Up

May 6, 2024 Bitcoin.com

bitcoin.com

The interest and high demand for gold products in China is one of the factors that is propping the price of the precious metal up in international markets. Several analysts believe that the loss of confidence in traditional investment options in China, and the geopolitical factors and U.S. sanctions have contributed to this end. China […]

SEC’s Gary Gensler is getting irked being asked about crypto

Nigerian Court Postpones Binance, Tigran Gambaryan Money Laundering Trial to May 17

May 6, 2024 Bitcoin.com

Africa

A Nigerian court recently adjourned the trial of Binance and its executive, Tigran Gambaryan, to May 17. The adjournment came after the cryptocurrency exchange’s attorney stated that he had not received the necessary documents to prepare a defense. However, Nigerian authorities reportedly provided the attorney with an additional 300-page document containing further evidence during a […]

SEC’s Gary Gensler is getting irked being asked about crypto

South Korea stops short of allowing crypto in updated donation laws

May 6, 2024 Coin Telegraph

Charity

Department store gift vouchers, stocks, and loyalty points from tech giants can be donated to charities, but not crypto.

Digital currencies have been excluded from newly amended donation legislation in South Korea which could be a blow to the country's charities and donation drives.

On May 5, local media outlet Kyunghyang Shinmun reported that the Ministry of Public Administration stated that some amendments to South Korea’s “Donations Act” have been filed but restrict the use of crypto assets for donation.

Starting in July, those wishing to donate to charitable organizations or causes will be able to use various new methods such as department store gift vouchers, stocks, and loyalty points from Korean internet giant Naver, but not crypto assets such as Bitcoin (BTC).

SEC’s Gary Gensler is getting irked being asked about crypto

Latam Insights: South African Ponzi Scheme Boss Dies in Brazil, Argentine House Passes Crypto Tax Regularization Bill

May 6, 2024 Bitcoin.com

Argentina

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: South African Ponzi scheme mastermind dies of a heart attack in Brazil, the Argentine House advances crypto tax regularization bill, and Buenos Aires targets Worldcoin with a new bill. South African Ponzi Scheme […]

SEC’s Gary Gensler is getting irked being asked about crypto

India Announces ‘Successful’ Crackdown on E-Nugget Scam — Seizes $10M in Crypto From Exchanges

May 6, 2024 Bitcoin.com

India Announces ‘Successful’ Crackdown on E-Nugget Scam — Seizes M in Crypto From Exchanges

Aamir Khan

India’s Enforcement Directorate has declared its multi-year crackdown on the “E-Nugget” scam in Kolkata successful. The operation has resulted in cash and crypto seizures, along with the arrest of the mastermind. Investigations uncovered numerous dummy accounts and led to the freezing of digital assets at various crypto exchanges, which were then transferred to the ED’s […]

SEC’s Gary Gensler is getting irked being asked about crypto

Australian Court Rules Against BPS Financial for Unlicensed Crypto Operations

May 6, 2024 Bitcoin.com

ASIC

The Federal Court of Australia has ruled against BPS Financial for operating “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) underscores the importance of regulatory compliance to protect consumers in the volatile crypto market. ‘First Court Outcome’ Against Crypto Payment Facility The Federal Court of Australia has found that BPS Financial […]

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