#cryptocurrency

The U.S. Securities and Exchange Commission (SEC) has charged an additional 17 managers connected to the cryptocurrency platform CryptoFX, accusing them of orchestrating a $300 million Ponzi scheme. This action comes 18 months after the SEC banned CryptoFX's operations and accused its founders of fraud.

Web traffic analysis reveals that the United States, the United Kingdom, and Turkey are at the forefront of countries showing keen interest in the integration of artificial intelligence with cryptocurrencies, with the United States alone contributing to 18.9% of this fascination. These findings were highlighted in the latest report by CoinGecko, which identified the top fifteen countries engaging with this trend.

The Unibot Telegram bot for cryptocurrency trading has terminated its partnership with the Unibot on Solana developers, urging them to adopt a new name and to remunerate the community that has supported them for an extended period. According to the Unibot team, this decision was made in the interest of security.

American spot Bitcoin ETFs are set to become accessible to Indian users through the Mudrex cryptocurrency investment platform, backed by the venture capital fund Y Combinator. Initially, only the four most popular ETFs from BlackRock, Fidelity, Franklin Templeton, and Vanguard will be offered for sale.

China's state media is once again alerting its citizens to the dangers and illegality of cryptocurrency trading, as well as enforcing a total ban on mining. This move coincides with a surge in Bitcoin's popularity following the approval of spot ETFs and the anticipation of the upcoming halving event, which will reduce the reward for mining a block by half.

The US Internal Revenue Service (IRS) has brought on board two former cryptocurrency company employees as consultants to aid in crafting the definitive tax regulations for digital assets. This move will impact all crypto businesses, including exchanges and brokers, requiring them to report all transactions per client.

Cryptocurrency magnates are tapping into their vast resources to sway the upcoming US government towards a more crypto-friendly direction.

Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (SEBI), has underscored the urgency of adopting instant settlement processes for the nation's regulated markets to keep pace with the fast-evolving cryptocurrency sector.

Poland's financial watchdog, the Komisja Nadzoru Finansowego (KNF), is poised to gain the authority to temporarily freeze cryptocurrency account holders' assets.

SafePal, a decentralized crypto wallet, has launched a Visa virtual bank card, teaming up with Swiss bank Fiat24. This initiative promises decentralized and confidential asset storage, though the bank will maintain custody of user credentials.

Consulting firm Deloitte is seeking cryptocurrency experts holding Secret and Top Secret clearances issued by the U.S. Department of State. These specialists will be involved in probing financial crimes linked to cryptocurrencies and other digital assets.

The purported Hong Kong offices of the cryptocurrency exchange BitForex, which has recently restricted users' ability to withdraw funds, have been exposed as nothing more than vacant units situated in both industrial and tourist districts. This revelation comes from DLNews journalist Callan Quinn, who personally inspected each address provided on the company's official web pages.

WhiteBIT has stepped up its game by becoming an official broker on TradingView, the renowned cryptocurrency trading platform. This partnership enables users to directly engage in trading on TradingView by linking their crypto wallets, thus making use of their exchange balances.

A tale of trust turned treachery: an American senior ventured into cryptocurrency investments guided by an online acquaintance from Instagram, resulting in a staggering loss of $240,000. Though wary of funneling substantial amounts into a dubious site at first, his initial crypto futures successes led him to up his investments. The insistence from his online friend to boost his deposit only fueled his decisions.