Paul Atkins is just one oath away from taking over the U.S. Securities and Exchange Commission as President Donald Trump’s pick to oversee the nation’s securities sector — including whatever role the crypto sector plays in that. A swearing-in ceremony will soon put the former SEC commission in charge of the high-profile regulator — a…
South Korean police have raided a suspected illegal gambling den whose operator claimed it was a center for crypto mining. The news agency Yonhap and the media outlet Asia Kyungjae reported that Gwangsan Police Station in Gwangju, South Jeolla Province, announced on April 9 that officers are questioning the alleged den’s operator. Officers are holding…
Pakistan will allocate excess electricity from its national grid to Bitcoin (BTC) mining operations and artificial intelligence (AI) data centers, according to the country’s Crypto Council and finance ministry adviser Bilal Bin Saqib. As Reuters reported, the initiative follows consultations with multiple mining firms and forms part of a broader strategy to address structural inefficiencies…
NEO and GAS recorded 13% and 30% daily gains as of press time, respectively, fueled by trading activity with Korean won (KRW) pairs on Upbit. According to market data, NEO posted $54.4 million in volume on its KRW pair, while GAS registered $134.6 million, ranking both assets among the day’s top movers across digital asset…
Key Takeaways: Regulators propose fresh trial rules to widen digital ledger testing. New guidelines support a range of project sizes and adaptive market methods. Proposed changes may ease the merger of digital trials with established financial practices. The French Autorité des Marchés Financiers (AMF) and the Italian Commissione Nazionale per le Società e la Borsa…
Key Takeaways: Total Bitcoin spot trading volume on crypto exchanges declined from a high of $44 billion on Feb. 3, to $10 billion at the end of Q1. Binance’s share of total daily Bitcoin spot trading volume increased from 33% on February 3 to 49% by the end of Q1. Bitcoin prices showed increasing volatility,…
The U.S. Department of Justice (DOJ) has announced that it will no longer pursue criminal cases against crypto exchanges, developers, or users involved in regulatory violations. This follows the disbanding of the National Cryptocurrency Enforcement Team (NCET), a specialized unit that focused on crypto-related criminal activities. A Shift In Focus In a memo sent to…
The US Securities and Exchange Commission (SEC) approved proposals from Nasdaq and Cboe to list and trade options on spot Ethereum (ETH) exchange-traded funds (ETFs) managed by BlackRock and Fidelity, according to April 9 filings. The orders were granted for the iShares Ethereum Trust (ETHA) and the Fidelity Ethereum Fund (FETH) following a review process…
Congresswoman Maxine Waters sharply criticized President Donald Trump during a House Financial Services Committee hearing Wednesday, accusing him of exploiting crypto markets to expand his personal wealth while leaving retail investors with heavy losses. Waters condemned several Trump-affiliated digital asset initiatives, including the Official Trump Token (TRUMP), which has fallen nearly 90% since peaking in…
The Securities and Exchange Commission (SEC) gave the green light for the trading of options tied to ether (ETH) exchange-traded funds (ETFs). On Wednesday, the regulator approved a filing from Nasdaq ISE, filed last July, which asked to list options contracts on the BlackRock’s iShares Ethereum Trust (ETHA). Options are a popular trading vehicle to…