.@Coinbase fined $4.5M by UK’s FCA for serving 13,400 high-risk customers. The breach allowed $226M in transactions despite restrictions. Highlights the need for stringent compliance in the crypto sector. #CryptoRegulation
Hashdex has applied to the SEC for a spot crypto ETF focused on Bitcoin and Ethereum. If approved by March 2025, it will be the first of its kind in the U.S., offering low fees and diversification. #CryptoNews #ETF @Hashdex
On July 24, 2024, US spot Bitcoin ETFs saw a $44.51M inflow. Leading the surge, BlackRock’s IBIT fund attracted $65.99M, while Grayscale’s GBTC fund faced a $26.22M outflow. This highlights a shift in investor preferences within the crypto market. #BitcoinETFs #CryptoNews
Japan’s SBI Holdings partners with US investment firm Franklin Templeton to launch a Bitcoin ETF-focused investment company. With SBI holding a 51% stake, this move aligns with Japan’s anticipated easing of Bitcoin ETF regulations. #BitcoinETFs #CryptoMarket #FinanceNews
Thailand to roll out $14B digital currency giveaway in Q4. Adults 16+ can sign up via “Tang Rath” app from Aug 1 to Sept 15. Aims to boost economy, tackle debt. Expected participation: 50M people. #Economy #CryptoUpdate
HSBC Australia will block customer payments to cryptocurrency exchanges from July 24 due to rising scam concerns. Australians lost $171M in crypto scams in 2023. Customers can still receive funds from exchanges. #CryptoSafety
Ontario Capital Markets Tribunal ends Bitfarms’ first poison pill against @RiotPlatforms’ takeover. Riot’s CEO calls it a win for shareholders. Bitfarms introduces new plan to counter creeping bids, ensuring fair treatment. #CryptoNews
Anthony Scaramucci predicts VP Kamala Harris may fire U.S. SEC Chair Gary Gensler if she runs for president, aiming for a bipartisan crypto approach. #Crypto #Regulation
Ethereum spot ETFs launched in the US on July 24, with BlackRock leading a $1.11B first-day trading volume. Ethereum options open interest hit $7.39B. #Crypto #ETH
Anthony Scaramucci predicts VP Kamala Harris will fire SEC Chair Gary Gensler if she runs for president. Amid Biden’s crypto policy debates, Scaramucci reassures that Harris is crypto-friendly, despite not addressing the Bitcoin Conference. Prominent figures urge Harris for concrete crypto support. #CryptoNews
Mt. Gox starts repaying over 17,000 creditors in Bitcoin ($BTC) and Bitcoin Cash ($BCH) through designated exchanges as of July 24, 2024. Despite concerns, market remains stable, demonstrating resilience. This marks a step toward resolving long-standing financial disputes and restoring trust in crypto. #CryptoNews
Sen. Cynthia Lummis will propose legislation to designate Bitcoin as a strategic reserve asset at the Bitcoin 2024 conference. If passed, this bill could see the Federal Reserve holding Bitcoin, enhancing U.S. financial stability. #Bitcoin2024
Crypto exchange @Bitstamp starts reimbursing Mt. Gox creditors from July 25, marking a major step in compensating those affected by the 2014 hack. Over $9B in assets to be distributed. #CryptoNews #Bitcoin
Pepe Unchained, a new Layer 2 memecoin, raised over $5M in presale, including $1M last week. Priced at $0.0086304, it promises 100x faster, cheaper transactions and 369% APY staking. Analysts predict 10x-100x returns. #CryptoNews
