Former SEC official John Reed Stark has warned that Binance’s recent motion against the regulator could expedite criminal charges against the cryptocurrency exchange. In a tweet, Stark explained that Binance filed a motion asking the judge overseeing the SEC-Binance case to prevent the…
An exchange-traded fund (ETF) provider in the United States is reportedly close to launching a first-of-its-kind Bitcoin (BTC) fund. Volatility Shares, an ETF provider based in Mt. Kisco, New York, will start offering the “2x Bitcoin Strategy ETF” (BITX) next Tuesday, June 27th,…
Amazon Web Services (AWS) – the cloud unit of the e-commerce giant – said it will distribute $100 million for a center to help entities employ generative artificial intelligence (AI). Microsoft and Google – two other giant corporations – have made even bigger…
The government of Venezuela has announced its integration of Mir, a Russian payments system, into its point-of-sale network as part of its de-dollarization efforts. The Central Bank of Venezuela has completed the necessary steps to connect with the interbank messaging system of the…
Trillions of dollars could reportedly be yanked out of the banking system as the Federal Reserve intensifies its efforts to combat inflation. According to a new Fed paper, the Federal Reserve is looking at drastically reducing the amount of cash swirling in the…
The recent consumer price index report suggests that inflation in the United States is cooling down. However, many Americans are still turning to credit cards to cope with rising prices. A poll conducted by Newsweek and Redfield & Wilton Strategies found that around…
Get the chance to subscribe to Bitcoin for a whole year using this link. Bitcoin is a digital currency that has gained popularity worldwide. With this subscription, users can access various features and benefits associated with Bitcoin. However, the content is perplexing as…
Cardano founder Charles Hoskinson has denied working as an intern for Ripple, rebuffing claims about his earlier involvement with the fintech firm. In a June 23 tweet, Hoskinson warned the community to stop mistaking him for Ethereum co-founder Vitalik Buterin who applied for…
The U.S. Securities and Exchange Commission (SEC) has decided to allow bankrupt crypto lender BlockFi to prioritize its creditors over its civil penalties. BlockFi owes the SEC a $30 million fine stemming from 2022 charges, but the regulator agreed to scrap the penalty…