#cryptocurrency

Cryptocurrency exchange Gemini has become a sponsor of the English football club Real Bedford, owned by Peter McCormack, host of the popular podcast What Bitcoin Did. The sponsorship deal was paid in Bitcoin, which will be used for club development and the launch of a youth academy.

Coinbase, a cryptocurrency exchange, has initiated legal proceedings against the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) over alleged violations of the Freedom of Information Act (FOIA).

In the first half of 2024, memecoins demonstrated the highest profitability (1834%) among all cryptocurrency sectors. Following far behind were Real World Assets (RWA) - tokenized real assets, including BlackRock products, with a growth of 213%.

The UK Financial Conduct Authority (FCA) has arrested two individuals linked to the operation of an illicit cryptocurrency exchange that processed transactions worth over £1 billion. During the search, the police seized several digital devices.

American rapper Waka Flocka Flame (born Juaquin Malphurs) has launched his own cryptocurrency token, FLOCKA, on the Solana blockchain. He announced the coin on X with a video declaring "We live right now," which has already garnered over 280,000 views from his 1.8 million followers.

The Swiss financial regulator (FINMA) has shut down FlowBank, a bank that offered cryptocurrency trading, due to insufficient capital to conduct financial activities. Officials believe the company failed to meet even the minimum legal requirements for banking institutions.

Ukrainian cryptocurrency exchange WhiteBIT and the National University "Kyiv-Mohyla Academy" (NaUKMA) have successfully wrapped up their first "Blockchain Technologies" educational program at the academy's Faculty of Computer Science.

According to the Conference of State Bank Supervisors, an investigation conducted by financial regulators across several U.S. states revealed that the cryptocurrency company Abra was offering trading and investment services without the requisite licenses.

The founders of Hydrogen Technology, the company behind the HYDRO token, have been imprisoned for manipulating the cryptocurrency's price and conspiring to defraud investors. Shane Hampton, the Head of Financial Engineering, was sentenced to 2 years and 11 months, while CEO Michael Kane received a sentence of 3 years and 9 months.

The Italian government intends to tighten control over the cryptocurrency market, including imposing hefty fines of up to €5 million for insider trading and asset manipulation. The proposed decree is pending approval from the Council of Ministers.

Amanda Pritchard, the Chief Executive Officer of NHS England, has noted a significant rise in the number of people seeking help for issues related to cryptocurrency betting and trading.

As the UK heads toward an election, the cryptocurrency industry is expressing support for the Labour Party, which leads in all the polls. However, there is uncertainty about what policies to expect, as Labour has not been in power since 2010, a time when Bitcoin was just emerging.

Robinhood has entered into an official agreement to acquire the global cryptocurrency exchange Bitstamp. This deal will enable the platform to offer cryptocurrency trading services outside the U.S., as Bitstamp holds over 50 active licenses and registrations worldwide.