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Genesis Strikes $21 Million Deal With SEC to Resolve Lawsuit Genesis Global Holdco, a subsidiary of Digital Currency Group, has reached a $21 million settlement to resolve a lawsuit brought against it by the Securities and Exchange Commission (SEC). The lawsuit alleged that Genesis engaged in the unregistered offer and sale of securities through its

Tether, the leading stablecoin issuer, has announced today that it possesses a robust balance sheet with ownership of over $2.8 billion in Bitcoin. This valuable information has been revealed following an audit conducted by BDO, a renowned auditing firm. The official auditor's report provides a comprehensive analysis of Tether's financial standing, including detailed information on

Renowned author Robert Kiyosaki, famous for his book Rich Dad Poor Dad, has recently shed light on why he believes owning bitcoin is crucial. Kiyosaki argues that the cryptocurrency serves as a safeguard against the theft of wealth through the manipulation of traditional financial systems. In particular, he highlights the actions of the Federal Reserve,

The U.S. Securities and Exchange Commission (SEC) has decided to abandon its lawsuit against Debt Box, a crypto company previously accused of defrauding investors of millions. This decision comes after the SEC acknowledged presenting misleading information in court, which undermines the agency's case and credibility. SEC Requests Dismissal of Lawsuit The lawsuit, originally filed against

Invesco and Galaxy ETF Fee Slashed in Response to Intense Market Competition In response to the intense competition in the spot bitcoin exchange-traded fund (ETF) market, Invesco and Galaxy Asset Management have made a strategic move to lower the long-term fee of their joint spot bitcoin ETF, the Invesco Galaxy Bitcoin ETF (BTCO). This decision,

Bitcoin: A Digital Equivalent of Gold Douglas Boneparth, the president and founder of Bona Fide Wealth, recently expressed his perspective on bitcoin, likening it to a digital equivalent of gold or a store of value in the digital realm. He highlighted the contrasting approaches between traditional trade finance giants like Blackrock and Fidelity, and crypto-focused

On January 29, 2024, the price of ethereum (ETH) showcases a complex interplay of market factors. Currently, ether is valued at $2,247, with a 24-hour range fluctuating between $2,246 and $2,284. Despite its significant market capitalization of $270 billion, the trading volume for ether remains relatively modest, suggesting caution among investors. Hourly Chart: Volatility Presents

The Immaturity of Cryptocurrency as an Asset Class Financial giant Vanguard has recently shed light on its decision not to make spot bitcoin exchange-traded funds (ETFs) available on its trading platform. In a blog post titled "No Bitcoin ETFs at Vanguard? Here's why," Vanguard emphasized that cryptocurrency is still an immature asset class with limited

In the aftermath of a significant 11-day period where spot bitcoin exchange-traded funds (ETFs) in the United States accumulated a total trading volume of $25.36 billion, speculations have arisen regarding the potential involvement of Charles Schwab, the American multinational financial services corporation. According to Eric Balchunas, Bloomberg's lead ETF analyst, it would be unwise to

Introduction The Bank of England and HM Treasury have responded to the public's interest in the digital pound, assuring the public of stringent legislative measures for privacy and control, while maintaining the availability of traditional cash. Public Consultation and Interest Following engagement from the public and industry experts, the Bank of England and HM Treasury