The FCA Prepares to Authorize Cryptocurrency cETNs for Retail Investors in the UK
TL;DR The FCA plans to authorize UK retail investors to trade crypto cETNs on regulated exchanges, lifting a restriction in place since 2021. The move...
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Michigan Drives New Laws to Regulate Cryptocurrency Use and Promote Investments
TL;DR Michigan will allow state pension funds to invest in cryptocurrencies through regulated ETFs that meet specific requirements. Mining operations can use energy from abandoned...
Kanye West, “Ye”, to Launch Own Cryptocurrency After Denying Connection to Unauthorized Tokens
TL;DR Ye plans to launch his own cryptocurrency next week, denying any connection to unauthorized YZY tokens currently circulating. The crypto community is divided, with...
WhiteBit Launches Its Debit Card with VISA, Enabling Direct Cryptocurrency Payments and Cashback
TL;DR WhiteBit launches a debit card in collaboration with VISA. Available to verified users in the EU, allowing direct payments with cryptocurrencies. The card offers...
Cryptocurrency Scammer Claims to Earn $35,000 a Week by Impersonating Coinbase Support
TL;DR Scammer claims to make over $35,000 a week posing as Coinbase support. They use advanced tools to attack executives and developers in the crypto...
Indian National Sentenced to 5 Years for $20 Million Cryptocurrency Fraud
TL;DR An Indian citizen has been sentenced to five years in prison for crypto fraud using fake websites imitating Coinbase. The fraud allowed him to...
FBI Reports Record $5.6 Billion Lost to Cryptocurrency Scams in 2023, Highlighting Links to Human Trafficking
TL;DR Investors lost $5.6 billion to cryptocurrency-related fraud in 2023, a 45% increase from the previous year. Investment fraud, known as “pig butchering,” was the...
Crypto.com Becomes the First Exclusive Cryptocurrency Partner of the UEFA Champions League
TL;DR Crypto.com becomes the first exclusive cryptocurrency partner of the UEFA Champions League. The partnership seeks to increase cryptocurrency adoption among football fans worldwide. Crypto.com...
Ferrari Expands Cryptocurrency Payment System to Europe After Successful U.S. Launch
TL;DR Ferrari will extend its cryptocurrency payment system to its European dealerships from the end of July. The company plans to expand this scheme internationally...
The SEC Opens Debate on Staking in Cryptocurrency ETFs: Impact and Perspectives
TL;DR Hester Peirce from the SEC has proposed reconsidering staking and in-kind redemption in cryptocurrency ETFs, sparking debates on regulatory flexibility. Peirce suggests that practices...