Washington Regulator Warns of Miami Equity Fund 005 Crypto Fraud

July 26, 2024 Bitcoin.com

bitcoin.com

The Washington State Department of Financial Institutions (DFI), Securities Division, has warned about crypto investment fraud following a complaint from a resident regarding their investment in the Miami Foundation Equity Fund 005 (or Miami Equity Fund Institute 005). The investor had deposited funds on the now-inaccessible Vims.one platform through a Whatsapp group led by “Mark” […]

US Government Borrows 7,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security

US Government Borrows $827,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security

SBI and Franklin Templeton Collaborate to Create Digital Asset Management Firm

July 26, 2024 Bitcoin.com

Bitcoin ETFs

Japan’s SBI Holdings plans to create a new investment management company in collaboration with major U.S. asset manager Franklin Templeton by the end of the year. This joint venture will focus on managing digital assets. The new entity will be 51% owned by SBI Holdings and 49% by Franklin Templeton. This move aligns with the […]

US Government Borrows $827,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security

Majority of Americans Believe US in Recession, Survey Shows

July 25, 2024 Bitcoin.com

Americans

New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief, followed by complaints from friends and family (50%), reduced spending by peers (36%), and difficulties […]

US Government Borrows $827,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security

Ferrari Launching Crypto Payment System for European Market

July 24, 2024 Bitcoin.com

bitcoin.com

Ferrari, the iconic Italian luxury sports car manufacturer, announced on Wednesday that it will introduce its cryptocurrency payment system to European dealers by the end of July 2024. This move follows the successful launch of crypto payments in the U.S. less than a year ago, aimed at better serving client needs. By the end of […]

US Government Borrows $827,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security

EU to Send Ukraine 1.4 Billion Euros From Frozen Russian Assets

July 24, 2024 Bitcoin.com

bitcoin.com

The European Union (EU) is set to provide Ukraine with 1.4 billion euros ($1.52 billion) in military aid, sourced from the interest on frozen Russian assets. This decision, announced by EU High Representative for Foreign Affairs and Security Policy Josep Borrell during a Council on Foreign Affairs meeting, will see the first transfer of funds […]

US Government Borrows $827,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security

Marathon Digital Ordered to Pay $138M for Contract Breach

July 24, 2024 Bitcoin.com

Marathon Digital Ordered to Pay 8M for Contract Breach

bitcoin.com

A federal court jury in Los Angeles has awarded Michael Ho $138 million after finding crypto mining firm Marathon Digital Holdings Inc. guilty of breaching a Non-Disclosure/Non-Circumvention Agreement. Ho had shared proprietary information about a large-scale energy supplier with Marathon, which had agreed not to bypass him. However, Marathon circumvented Ho and engaged directly with […]

US Government Borrows $827,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security

Tokyo Stock Exchange-Listed Metaplanet Completes 1 Billion Yen Bitcoin Purchase

July 24, 2024 Bitcoin.com

Bitcoin

Metaplanet Inc. announced on July 22 the purchase of an additional 200 million yen worth of bitcoin, amounting to 20.381 BTC. This latest acquisition completes the company’s 1 billion yen ($6.4 million) bitcoin purchase plan, which was initially disclosed on June 24. With this final purchase, Metaplanet’s total bitcoin holdings now stand at 245.992 BTC. […]

US Government Borrows $827,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security

South Korea’s FSC Nominee Says Past Crypto Chaos Calls for Strong Investor Protection

July 23, 2024 Bitcoin.com

bitcoin.com

Kim Byoung-hwan, the nominee for head of South Korea’s top financial regulator, the Financial Services Commission (FSC), expressed caution about corporations holding bank accounts for cryptocurrency transactions. Speaking at a parliamentary session on Monday, Kim, a former vice finance minister, emphasized: “Taking into consideration the chaos we have experienced in the virtual asset market in […]

US Government Borrows $827,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security

SEC Extends Review Period for Bitcoin Trust Options Trading Proposals

July 22, 2024 Bitcoin.com

Bitcoin

The U.S. Securities and Exchange Commission (SEC) has announced an extension for its decision on proposed rule changes from various self-regulatory organizations regarding the listing and trading of options on trusts holding bitcoin. The organizations involved include Box Exchange LLC, Cboe Exchange Inc., Miax International Securities Exchange LLC, Miax Pearl LLC, Nasdaq ISE LLC, and […]

US Government Borrows $827,887,738,000 in Three Months As Trillion-Dollar Asset Manager Warns Debt Spiral Threatens Americans’ Prosperity and Security

Delhi Police Arrest 7 in Crypto Fraud

July 22, 2024 Bitcoin.com

bitcoin.com

Delhi police have arrested seven individuals, including a contractual bank employee, for allegedly defrauding a man of ₹91 lakh ($111,000) by promising high returns in stock and cryptocurrency trading. The suspects, identified as Ajay, Mohit, Shankar, Partyaksh Koshar, Manish Jawla, Shrayance Pandit, and Dinesh, created fictitious bank accounts and sold them to other fraudsters. Deputy […]

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