Dominari Holdings, a publicly traded investment firm, has entered the world of Bitcoin by adopting a bitcoin treasury strategy. The company has invested $2 million in BlackRock’s iShares Bitcoin Trust ETF (IBIT), instead of holding excess cash reserves. This puts Dominari in the company of other big players who have added bitcoin to their financial…
Thailand’s Securities and Exchange Commission (SEC) has filed a criminal complaint against Aux Cayes FinTech Co. Ltd., the operator of the digital asset exchange OKX, and nine associated individuals for allegedly operating an unlicensed digital asset exchange. The complaint, submitted to Thailand’s Economic Crime Suppression Division, claims that OKX violated the Emergency Decree on Digital…
According to Petr Kozyakov, trust in traditional finance, notwithstanding its inefficiencies, creates hesitancy among businesses and regulators regarding stablecoins. Traditional Finance Inertia Hinders Crypto Adoption Despite the early promises of blockchain technology to revolutionize global finance, cryptocurrency payments, while gaining traction, remain a small fraction of the overall market. Industry experts point to a combination…
South Africa’s financial services industry watchdog has issued a warning against unlicensed crypto trading firms accused of soliciting public funds while promising unrealistic returns of up to $542 per day. Unlicensed Crypto Firms Use Celebrity Names to Promote Offerings South Africa’s financial services industry watchdog, the Financial Sector Conduct Authority (FSCA), has issued a public…
As detailed in a recent disclosure from American entertainment media outlet TMZ, Haliey “Hawk Tuah” Welch announced the U.S. Securities and Exchange Commission (SEC) has concluded its inquiry, issuing no charges or penalties against her. Hawk Tuah’s Legal Odyssey Ends With SEC Pass Welch, a 22-year-old Tennessee native, catapulted into viral stardom in June 2024…
Calling it a “big win for crypto,” the White House crypto czar cheered regulators’ decision to scrap debanking rules that stifled lawful digital asset innovation. Crypto Scores Major Victory as FDIC Removes Reputational Risk Rule Federal officials are shifting away from a controversial banking oversight tool after sustained criticism from lawmakers and the crypto industry….
Quick Take:- • The SEC decided not to file any action against Crypto.com. • Crypto.com faced a lawsuit by the SEC in October of last year. Crypto.com clearly said that their investigation for the exchange is closed by the U.S. Securities and Exchange Commission (SEC), and this is the last crypto company whose investigation is…
El Salvador President Nayib Bukele will meet U.S. President Donald Trump at the White House next month to discuss security cooperation and immigration enforcement, officials confirmed, following El Salvador’s agreement to incarcerate hundreds of alleged gang members deported from the United States. Bukele’s White House Visit Confirmed After El Salvador Accepts U.S.-Deported Gang Members The…
According to the reports, U.S. Congress Members have revealed the STABLE Act, and its main aim is to improve oversight of Stablecoins by implementing financial protections with crypto asset regulations, and the other aim is to introduce measures to make Stablecoins more transparent and it is accountable as their market increases. Congress Members Bryan Steil and…
Data compiled Friday revealed a striking reversal for spot bitcoin exchange-traded funds, which snapped a ten-session inflow streak with a $93.16 million exodus—marking their first day of negative movement. Bitcoin ETFs Drain While Ether ETFs Gain The abrupt shift punctuated a previously unbroken stretch of positive momentum for U.S. bitcoin ETFs, culminating in a $93.16…
