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Policy
Israel to Introduce Six New Bitcoin-Tracking Mutual Funds
A total of six mutual funds that track the value of bitcoin are set to launch in Israel next week, following the Israel Securities Authority's approval of these products, as reported by Calcalist on Wednesday. The launch is scheduled for December 31, as mandated by the regulator, with all six funds commencing operations on the same day. The final approval for these funds was granted the previous …
Dec. 25, 2024, 11:45 a.m.
Policy
Crypto Leaders' Fortunes Soar After Election, With Coinbase CEO Among the Biggest Winners
The outcome of the recent election has led to a significant surge in the personal fortunes of top crypto industry leaders, with their wealth increasing by billions of dollars. This windfall is a direct result of the massive spending by these leaders on crypto-friendly candidates, which has paid off handsomely. Coinbase CEO Brian Armstrong, who invested $74 million in the Fairshake PAC, has seen h…
Dec. 24, 2024, 5:41 p.m.
Policy
North Korea Implicated in $305 Million Cyber Heist on Japanese Cryptocurrency Platform DMM
According to statements released by US and Japanese law enforcement on Monday, the cyberattack that resulted in the theft of $308 million from Japanese cryptocurrency exchange DMM in May has been linked to North Korean hackers. The stolen 4,502.9 bitcoins, valued at $87,149.09, has forced the exchange to shut down. The FBI, in collaboration with the Department of Defense Cyber Crime Center and …
Dec. 24, 2024, 12:10 p.m.
Policy
Russia Enacts Six-Year Moratorium on Cryptocurrency Mining in Multiple Regions Due to Energy Consumption Concerns
In response to the significant energy requirements of the industry, the Russian government has implemented a six-year prohibition on cryptocurrency mining in ten regions, effective from January 1 to March 15, 2031. This ban encompasses participation in mining pools and may include temporary restrictions in other regions during peak energy usage periods. Although Russia legalized cryptocurrency mi…
Dec. 24, 2024, 10:12 a.m.
Policy
Trump Appoints Pro-Crypto Economist Stephen Miran to Lead Council of Economic Advisers
Over the weekend, President-elect Donald Trump revealed his decision to appoint Stephen Miran, a seasoned economist and former Treasury official, as the chair of the Council of Economic Advisers. Miran, who currently works with Hudson Bay Capital Management, has been a long-time supporter of cryptocurrency and has expressed his views on the need for regulatory reforms to foster innovation in the …
Dec. 23, 2024, 5:32 a.m.
Policy
El Salvador Agrees to Dissolve or Sell State-Run Chivo Crypto Wallet as Condition of $3.5 Billion IMF Agreement
El Salvador is nearing a $3.5 billion agreement with the International Monetary Fund, with certain concessions related to bitcoin. Stacey Herbert, director of the Bitcoin Office in El Salvador, announced on Thursday that the government-issued Chivo wallet will be sold or shut down as part of the deal. Meanwhile, private bitcoin wallets will continue to operate in the country. The IMF stated that …
Dec. 19, 2024, 4:10 p.m.
Policy
Husband of Razzlekhan Issues First Public Statement Since Arrest, Denies Involvement of Others in Bitfinex Hack
Ilya Lichtenstein, who pleaded guilty to charges related to the 2016 Bitfinex hack, has released his first public statement since being arrested in 2022. In a video posted on X, Lichtenstein reasserts that he acted alone in stealing the 120,000 bitcoin, contradicting theories presented in a Netflix documentary that suggested his father or possibly a spy agency might have been involved. Lichtenste…
Dec. 19, 2024, 12:24 p.m.
Policy
Craig Wright Handed Suspended Prison Term for Disregarding Court Order
Craig Wright, who has falsely claimed to be the pseudonymous founder of bitcoin, Satoshi Nakamoto, has been given a 12-month suspended jail sentence for violating a court order. The sentence, which is suspended for two years, was imposed after Wright initiated a lawsuit seeking $1.1 trillion over intellectual property rights related to the Bitcoin system. The lawsuit was deemed to be in contempt …
Dec. 19, 2024, 11:54 a.m.
Policy
Dutch Regulator Grants ZBD Approval for EU MiCA License
ZBD, a fintech company leveraging the Bitcoin Lightning network for payment solutions, has announced that it has secured approval from the Dutch Authority for the Financial Markets (AFM) for a MiCA license from the European Union. Upon the license being granted on December 30, when MiCA comes into effect, ZBD will be authorized to provide an array of crypto-related services, including custody and…
Dec. 18, 2024, 11:14 a.m.
Policy
US Senate Banking Chair Elect Brands Crypto as the 'Next Global Marvel'
In a significant development for the crypto industry, key Republican lawmakers have pledged to take action on digital asset legislation. Senator Tim Scott, the incoming Chair of the US Senate Banking Committee, and Representative French Hill, the Chair of the House Financial Services Committee, made these promises at a Blockchain Association event in Washington, D.C. This marks a notable shift fr…
Dec. 17, 2024, 6:55 p.m.