The U.S. Securities and Exchange Commission has filed settled charges against Plutus Lending LLC, doing business as Abra, for allegedly failing to register its retail crypto asset lending product, Abra Earn. The SEC charged Abra with violating registration requirements under the Securities Act of 1
The world of cryptocurrency has been abuzz with excitement in recent years, and the latest report from New World Wealth and Henley & Partners has shed new light on the phenomenon. According to the report, the number of bitcoin millionaires has more than doubled in the last year, rising to a staggeri
The past year has been a remarkable one for the world of cryptocurrency, with the population of crypto millionaires growing by a staggering 95%. According to a new report from New World Wealth and Henley & Partners, there are now 172,300 individuals worldwide holding more than $1 million in crypto a
The recent arrest of Telegram CEO Pavel Durov has sent shockwaves through the cryptocurrency world, with Toncoin's value plummeting over 20%. But is this a direct result of the alleged criminal activity on Telegram, or are there other factors at play? Can we really assume that Durov's arrest is sol
In recent years, scammers have been exploiting the rise of Bitcoin ATMs to dupe unsuspecting victims out of their hard-earned cash. According to the Federal Trade Commission (FTC), the amount of money lost to these scams has skyrocketed, with over $110 million reported in 2023 alone. What's more, ol
The news that Coinbase's Chief Financial Officer, Alesia Haas, claims that Kamala Harris is using the company's Commerce platform to accept crypto donations has sent shockwaves through the crypto community. But is this claim accurate, and what does it mean for the future of crypto in US politics?
The world of cryptocurrency is known for its unpredictability, but the latest developments involving Donald Trump's family take the cake. In a shocking turn of events, two Trump family members, Lara and Tiffany, had their Twitter accounts hacked, resulting in them posting links to scam crypto websit
In the midst of a broader market selloff, investors are pulling their money out of Bitcoin ETFs at an alarming rate. More than $287 million was withdrawn from the 11 U.S.-listed ETFs on Tuesday, the largest outflow in four months, according to Farside Investors data. This sudden exodus raises questi
The crypto industry's influence on campaign finance is a shocking phenomenon. Despite being an industry that has largely failed to find legitimate applications for its products, it has managed to spend lavishly on political campaigns and influence policy-making. At first glance, this might seem surp
Cryptocurrency exchange Coinbase has just experienced its worst week of the year, with the value of its shares plummeting by 20%. This decline is part of a broader trend in the crypto market, which has seen a significant downturn in recent weeks. What's behind this sudden drop in value? Is it a sign
