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HTX Exchange
5 months ago 2 mins read

HTX Exchange Ventures Invests in Academic Labs to Drive Web3 Education Transformation

HTX Ventures, the global investment arm of the HTX crypto exchange, has invested in Academic Labs, a Web3 education platform. Through its token and NFT systems, the investment aims to enable Academic Labs to expand its offerings, providing more introduction opportunities to new Web3 users and improving educational engagement among existing users. Academic Labs uses AI and Web3 technologies to enhance the educational experience, providing courses on essential skills such as software development, trading strategies, business English, and startup foundations. The platform uses Adaptive AI to gamify practical learning, providing an innovative approach to education. Academic Labs has introduced three

U.S. Appeals Court Upholds Forfeiture of Silk Road's Cryptocurrency Stash
5 months ago 1 min read

U.S. Appeals Court Upholds Forfeiture of Silk Road’s Crypto Stash

A US appeals court confirmed the forfeiture of 69,370 bitcoins and other cryptocurrencies associated with the Silk Road dark web marketplace in a ruling issued on Wednesday. The original August decision was upheld by the United States District Court of Appeals for the Ninth Circuit. The Silk Road creator, Ross Ulbricht, two claimants, and the US government as the plaintiff are all named in the court filing. The government obtained the crypto from “Individual X” and has now completed the forfeiture procedure. This action strengthens the government’s grip on the confiscated digital assets associated with the notorious dark web marketplace.

Judge denied former FTX CEO Sam Bankman-Fried a sentencing delay on Wednesday
5 months ago 1 min read

Former FTX CEO Sam Bankman-Fried Denied Sentencing Delay and Faces Up to 110 Years in Prison

Judge Lewis Kaplan denied former FTX CEO Sam Bankman-Fried a sentencing delay on Wednesday, adding to the legal saga surrounding him. Bankman-Fried’s legal team had asked for more time to prepare for his sentencing and possibly another trial. However, his request for an extension was denied, paving the way for his sentencing on March 28. The ex-CEO faces a sentence of up to 110 years in prison. The defense team requested more time to gather materials and prepare for possible additional charges. These previously dropped charges allege that Bankman-Fried provided around $100 million to politicians. Despite the possibility of extradition

The US financial landscape is preparing for a historic showdown as major firms prepare for the anticipated approval of spot Bitcoin ETFs.
5 months ago 1 min read

Financial Giants Prepare for Historic Marketing Clash as Bitcoin ETF Approval Looms

The US financial landscape is preparing for a historic showdown as major firms prepare for the anticipated approval of spot Bitcoin ETFs. A vivid forecast reveals the impending marketing battle between industry titans in a Reddit post by user slvbtc. As the deadline for spot ETF applications approaches, a slew of financial behemoths, including BlackRock, Wisdom Tree, Galaxy, Valkyrie, Ark Invest, VanEck, Fidelity, NYDIG, Franklin, and Global X, are gearing up for a marketing blitz. These firms, which collectively manage assets worth around $15 trillion, are set to compete for the top spot in the competitive Bitcoin ETF market. The

7RCC has launched a unique spot Bitcoin ETF that combines Bitcoin with carbon credit futures.
5 months ago 1 min read

7RCC Unveils Innovative Bitcoin ETF with ESG Focus, Backed by Gemini as Custodian

In a move aimed at ESG-conscious investors, 7RCC has launched a unique spot Bitcoin ETF that combines Bitcoin with carbon credit futures. This ETF, designed for investors who value Environmental, Social, and Governance (ESG) factors, invests 80% in Bitcoin and 20% in carbon credit futures. The primary goal of this one-of-a-kind ETF is to track changes in Bitcoin prices as well as the value of Carbon Credit Futures. The Vinter Bitcoin Carbon Credits Index serves as the underlying benchmark for these futures contracts, and it is intricately linked to emissions allowances from systems such as the European Union Emissions Trading

EU Imposes 12th Round of Sanctions on Russia, Targets Crypto Assets in Push for Peace
5 months ago 1 min read

EU Imposes 12th Round of Sanctions on Russia, Targets Crypto Assets in Push for Peace

The European Union (EU) has stepped up its efforts by announcing the 12th round of sanctions against Russia, focusing on the crypto-asset sector. This move is part of an ongoing strategy to limit Russia’s financial capabilities and bring the Ukrainian conflict to a close. The most recent sanctions are broad and aim to prevent Russian nationals and residents from using cryptocurrency services. A broad ban on Russian involvement in crypto-related activities, including ownership, control, or participation in crypto service providers’ governance is among the measures. Furthermore, the sanctions prohibit the provision of crypto-related wallets, accounts, and custody services to individuals

The SEC of the United States has delayed its decision on the Hashdex Nasdaq Ethereum ETF.
5 months ago 1 min read

SEC Delays Decision on Hashdex Nasdaq Ethereum ETF, Creating Investor Uncertainty

The Securities and Exchange Commission (SEC) of the United States has delayed its decision on the Hashdex Nasdaq Ethereum ETF. This delay, which comes after the filing was made available for public comment in October 2023, has created uncertainty among investors who are eagerly awaiting the approval of an Ethereum ETF. The delay not only affects Hashdex, but it also has implications for other crypto firms such as VanEck and ARK Invest. Investors hoped that an Ethereum ETF would provide a link between traditional finance and the cryptocurrency market, but the SEC’s hesitation has added uncertainty. The Hashdex Nasdaq Ethereum

BlackRock is making strategic changes to its proposed Bitcoin ETF to align with the SEC's preferences
5 months ago 1 min read

BlackRock is making strategic changes to its proposed Bitcoin ETF to align with the SEC’s preferences

The world’s largest asset manager, BlackRock, is making strategic changes to its proposed Bitcoin ETF, IBIT, in order to align with the SEC’s preferences. BlackRock revealed its shift to a cash-only strategy for the ETF in a recent update to its SEC filing on December 18th, a move seen as an effort to comply with SEC requirements and streamline operations. The decision to accept cash rather than Bitcoin for new ETF shares stems from discussions with the SEC. To mitigate the risks associated with Bitcoin, the SEC has indicated a preference for a cash-only approach. BlackRock’s update follows a broader

Binance exchange and its former CEO ChangPeng Zhao were fined $2.7 billion.
5 months ago 1 min read

Binance and Zhao Hit with $2.7 Billion Fine in CFTC Money Laundering Case

In a CFTC money laundering case, Binance and its former CEO, ChangPeng Zhao, were fined $2.7 billion. The court’s decision also introduces a new CEO, Richard Teng, and raises the prospect of Zhao facing prison time. The settlement between the CFTC and Binance was approved by the United States District Court for the Northern District of Illinois. Binance was ordered to pay $2.7 billion in fines, with Zhao personally liable for a $150 million penalty. The charges stem from a Commodity Futures Trading Commission (CFTC) money laundering case. The court ordered Binance to “disgorge $1.35 billion of ill-gotten transaction fees”

Revolut plans to end cryptocurrency purchases for its UK business clients in 2024.
5 months ago 1 min read

Revolut to Halt Crypto Purchases for UK Business Clients in 2024 Amid FCA Regulations

Revolut, a popular fintech platform, plans to end crypto purchases for its UK business clients in 2024. The move is in response to the Financial Conduct Authority’s (FCA) new investor protection regulations. While business clients will still be able to hold and sell existing cryptocurrency holdings, their ability to acquire additional digital assets will be limited. This change is part of Revolut’s strategy to stay current with the regulatory landscape. The Financial Conduct Authority implemented these safeguards to protect investors and ensure responsible practices in the cryptocurrency space. Revolut intends to comply with these regulatory changes by restricting business clients’

Charles Hoskinson Stands Ground on XRP Critique Amid Backlash, Questions Bitcoin's Necessity
5 months ago 1 min read

The founder of Cardano Remains Firm on XRP Criticism Despite Backlash

Charles Hoskinson, the founder of Cardano, has upheld his critical stance on XRP, asserting that XRP lacks both partnership and technical value. This reaffirmation comes a year after his initial comments and follows persistent harassment from the XRP community spanning two years. When questioned about his viewpoint on XRP, Hoskinson highlighted the ongoing harassment and underscored the absence of technical parallels between Cardano and XRP as the basis for his assertions. According to Hoskinson, the objectives of the company behind XRP differ significantly and do not align with the technological goals of platforms like Cardano or Ethereum. After receiving a

The US Justice Department has filed a lawsuit against four people for allegedly laundering more than $80 million from crypto scams.
5 months ago 1 min read

U.S. DOJ Charges Four Individuals in $80M Crypto Scam Laundering Operation

The US Justice Department has filed a lawsuit against four people—Lu Zhang, Justin Walker, Hailong Zhu, and Joseph Wong—for allegedly laundering more than $80 million from crypto scams. The accused, who lived in California and Illinois, used sophisticated techniques to launder money obtained through fraudulent crypto activities. At the heart of their strategy is a deceptive scheme known as the ‘pig butchering scam.’ This elaborate ruse entails creating fake romantic connections on social media platforms to gain the trust of victims, who are then persuaded to invest in fictitious crypto ventures. Scammers use emotional ties to manipulate victims into investing

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