The rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets.
Crypto Wet Articles
Leveraged MicroStrategy ETFs break $400M as ‘hot sauce arms race’ heat up
The ETFs add leverage to MicroStrategy’s already levered-up Bitcoin strategy, and investors can’t seem to get enough.
Propelled by crypto inflows, US ETF assets hit record $10 trillion
Cryptocurrency ETFs saw inflows exceeding $20 billion in 2024, according to Morningstar.
Brazil lifts freeze on Starlink, X accounts after $3M fine payment
The fines are tied to a legal dispute involving X’s failure to comply with court orders in the country.
Sam Bankman-Fried files appeal for felony conviction
Following the collapse of crypto exchange FTX in 2022, the former CEO faced a jury trial and was convicted of seven felony counts and sentenced to 25 years in prison.
SEC softens stance around SAB-121: Galaxy Research
In May, United States congressional lawmakers voted to repeal Staff Accounting Bulletin-121 in a 228-182 bipartisan vote.
Coinbase’s ‘Stand With Crypto’ creates NFT legal defense fund
Coinbase has emerged as a vocal advocate for the crypto industry in the face of ongoing regulatory crackdowns in the United States.
Rep. Torres 'happy' to help CFTC in regulating election betting contracts
New York Congressman Ritchie Torres stated he is “more than happy” to work with the CFTC to develop a plan for regulating election betting contracts in the United States.
Kraken denies SEC claims, argues digital assets aren’t securities
Kraken firmly disputes SEC allegations, citing the lack of clarity in federal securities law and overreach in its regulatory scope.
US lawmakers unite against AI abuse, support NO FAKES Act
A legal professional warns that the bill could lead to private censorship, posing risks to free speech and creators’ rights.
Hong Kong considers new licensing regime for OTC crypto trading
Hong Kong’s SFC is exploring new licensing regulations for OTC cryptocurrency services, seeking input from industry participants.
SEC expands Binance lawsuit: AXS, FIL, ATOM now securities
The SEC’s latest lawsuit update targets additional tokens like Axie Infinity, Filecoin and Cosmos as unregistered securities, continuing its crackdown on the crypto industry.