The recent surge in Bitcoin exchange-traded funds (ETFs) has captured the attention of investors, with inflows exceeding $1 billion this week, marking the highest level since July. This significant development is not just a number; it signifies a growing confidence in cryptocurrencies and hints at a potentially transformative period for digital assets. As of now, […]
China’s Former Finance Minister Urges Caution as Crypto Regulation Evolves Globally
Former Chinese finance minister Lou Jiwei has recently expressed significant concerns regarding the impact of cryptocurrencies on the global financial system. Speaking at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, Lou emphasized the need for cautious regulation amid the ongoing evolution of cryptocurrency markets and policies worldwide. Lou’s remarks were largely influenced by […]
US Sanctions Target Russian Cryptocurrency Firm and Individuals Linked to Cybercrime
On September 30, 2024, the United States government announced a series of sanctions against Cryptex, a cryptocurrency firm based in Saint Vincent and the Grenadines but operating out of Russia, alongside Russian national Sergey Sergeevich Ivanov. This move is part of a broader effort to dismantle networks implicated in cybercrime and to curb illicit financial […]
Gensler Defends SEC’s Bitcoin Stance, Criticizes Crypto Industry
Gary Gensler, chair of the U.S. Securities and Exchange Commission (SEC), has reiterated the agency’s position that Bitcoin should be classified as a non-security commodity. This statement comes in light of increasing scrutiny towards the cryptocurrency market, especially targeting Ethereum. During an interview with CNBC, Gensler pointed to the regulatory clarity surrounding Bitcoin, noting that […]