Key Takeaways: A 90-day tariff pause announced by President Trump helped stabilize the market after retaliatory tariffs drove Bitcoin down from $84K to a five-month low of $74K. The recovery was aided by technical support near Bitcoin’s 365-day moving average at approximately $76.1K. Despite this technical rebound, overall investor sentiment remains weak. Looking ahead, Bitcoin…
The US Securities and Exchange Commission’s Division of Corporation Finance released new staff views on April 10 outlining how federal securities laws apply to the registration and offering of crypto-related securities. The statement covers a range of topics, including how companies should present information about their business operations, token design, governance, technical specifications, and financial…
The Russian logistics firm ETE Group has asked Prime Minister Mikhail Mishustin to let domestic firms use crypto as a payments tool in overseas trade deals. Per Gazeta.ru, ETE wrote to Mishustin to ask him to “develop a regulatory framework for settlements with foreign suppliers in digital currencies, including cryptocurrency.” ETE said it wanted the…
With a signature from President Donald Trump, the decentralized financial (DeFi) corner of the crypto sector is now freed from U.S. Internal Revenue Service demands that such platforms be treated as brokers and required to track and report user activity. That narrowly focused IRS rule, approved in the final days of former President Joe Biden’s…
Block Inc., the company behind Cash App and led by Jack Dorsey, has been fined $40 million by the New York Department of Financial Services (NYDFS). The penalty, announced on April 10, stems from widespread lapses in the company’s anti-money laundering (AML) and compliance systems related to its virtual currency operations. NYDFS Superintendent Adrienne Harris…
Key Takeaways: Senator Chris Murphy claims President Donald Trump uses his meme coin to move undisclosed funds. The use of blockchain for this purpose raises questions about transaction visibility. The controversy adds fuel to discussions on digital asset regulation and political finance oversight. Senator Chris Murphy (D-CT) reignited controversy on April 9 by accusing Donald…
Nova Labs, the parent company behind the Helium blockchain, has agreed to pay the U.S. Securities and Exchange Commission (SEC) $200,000 to settle civil securities fraud charges the regulator filed against the firm in January, a court filing said Thursday. Without admitting or denying any wrongdoing, Nova Labs agreed to pay the fine to settle…
House of Doge, the official corporate arm of the Dogecoin Foundation, has announced an exclusive partnership with 21Shares to launch the only Dogecoin (DOGE) exchange-traded products (ETPs) officially endorsed by the Foundation. As part of the agreement, 21Shares, one of the world’s largest crypto ETP issuers, has filed a Form S-1 registration statement with the…
Crypto companies issuing or dealing with tokens that may be securities should provide detailed disclosures, the U.S. Securities and Exchange Commission (SEC) said on Thursday. The SEC published its latest staff statement on disclosures ahead of its second roundtable — which will focus on trading — “as part of an effort to provide greater clarity…
Twitter founder Jack Dorsey recently said that the Bitcoin community should focus on scaling payments in order to remain relevant. “I think it has to be payments for [Bitcoin] to be relevant on the everyday,” he told Haley Berkoe on the 21 in 21 podcast. I disagree. As someone in the trenches with Bitcoin builders,…