The US Commodity Futures Trading Commission (CFTC) has taken decisive action against cryptocurrency-related fraud, announcing a consent order charging New York resident Rashawn Russell with fraud. The case, one of the first under acting Chair Caroline Pham, signals the agency’s renewed focus on enforcement in the digital asset sector. According to the CFTC’s Feb. 10...
A recent 13F filing by Goldman Sachs has stirred excitement on Bitcoin Twitter, revealing significant stakes in spot Bitcoin exchange-traded funds (ETFs). However, the details suggest a more nuanced reality than a straightforward bullish bet on Bitcoin’s price. The disclosed holdings include a $288 million stake in the Fidelity Bitcoin ETF (FBTC) and a $1.3...
South Korea’s Financial Services Commission (SFC) has announced plans to lift its longstanding ban on institutional cryptocurrency trading, responding to increased global participation in the market. The regulator disclosed on Thursday that non-profit organizations, including charities, universities, school corporations, and law enforcement agencies, will be able to sell virtual assets in the first half of...
Utah is on track to become the first U.S. state to establish a Bitcoin reserve, driven by a compressed legislative calendar and significant political momentum. According to Satoshi Action Fund CEO Dennis Porter, Utah’s 45-day legislative session gives the state a unique opportunity to move quickly on Bitcoin-related legislation. “It’s either sink or swim in...
Global markets faced renewed turbulence as China retaliated against escalating trade tensions with the United States, sending Bitcoin (BTC) tumbling to as low as $98,000. According to a report from crypto trading firm QCP, the sharp decline reflects mounting fears over the economic fallout from worsening US-China relations. Beijing’s latest response includes new tariffs and...
The concept of Bitcoin as a strategic reserve is gaining traction across the United States, with Maryland and Iowa becoming the latest states to introduce legislation aimed at integrating Bitcoin into their financial frameworks. On February 7, 2025, Maryland State Representative Caylin Young introduced the Strategic Bitcoin Reserve Act of Maryland (HB1389). This bill seeks...
Web3 infrastructure provider Elastos has successfully closed a $20-million investment round, marking a significant step in expanding decentralized finance (DeFi) services within the Bitcoin (BTC) ecosystem. The funding, announced on January 30, came from Rollman Management Digital, a global investment network known for backing early blockchain projects like Ripple and Ethereum. With this investment, Elastos...
Online brokerage Robinhood is set to enter the futures trading market, offering Bitcoin (BTC) futures alongside other asset classes. The company announced on January 29 that it will introduce futures trading for the S&P 500, oil, Bitcoin, and additional assets, marking a significant expansion beyond its traditional stock trading services. Robinhood, which added cryptocurrency trading...
The Paris Public Prosecutor’s Office has reportedly launched an investigation into cryptocurrency exchange Binance, scrutinizing its activities between 2019 and 2024 over allegations of money laundering and tax fraud. The probe is being conducted by the economic and financial crime division, with suspicions that some of the funds may be connected to drug trafficking. Additionally,...
Poland has overtaken El Salvador to become the world’s fifth-largest Bitcoin ATM hub, with 219 active machines following a four-month installation surge. On January 27, the country added 10 new Bitcoin ATMs, further solidifying its position in the global rankings, which are led by the US, Canada, Australia, and Spain. Poland’s recent growth includes the...
