Ferrari, the renowned luxury car manufacturer, has announced its decision to accept cryptocurrency payments for its high-end vehicles in the United States. This move comes in response to increasing customer demand and the growing popularity of digital currency investments. Ferrari’s chief marketing and commercial officer, Enrico Galliera, confirmed that the company will initially accept crypto […]
The United States Securities and Exchange Commission (SEC) has reportedly decided not to appeal a recent court decision regarding a case between the SEC and Grayscale Investments. The court had granted Grayscale’s request to convert its Grayscale Bitcoin Trust into a spot Bitcoin exchange-traded fund (ETF) after the SEC initially denied the request. According to […]
Elon Musk, the CEO of Twitter (now known as X), is rumored to be collaborating with Bill Ackman, the CEO of Pershing Square Capital Management, to integrate cryptocurrencies like Bitcoin and Dogecoin into the social media platform. This speculation has sparked optimism among supporters of Dogecoin, who hope that this collaboration will lead to a […]
The United States Securities and Exchange Commission (SEC) has reportedly decided not to appeal a recent court ruling in favor of Grayscale Investments. The ruling requires the SEC to review Grayscale’s application for a spot Bitcoin exchange-traded fund (ETF). While Bloomberg analysts believe this decision does not guarantee approval for Grayscale’s application, it does mean […]
Coinbase, a leading cryptocurrency exchange, is intensifying its efforts to compel the United States Securities and Exchange Commission (SEC) to take action on its crypto rulemaking petition. The company is seeking a court order, known as a mandamus, to force the SEC to provide an official response to its petition within 30 days. The SEC […]
Wells Fargo is facing a lawsuit after a customer claimed that the bank froze $204,000 in his account without explanation. Although the bank denies any wrongdoing, it has agreed to hand over a $204,000 check to the customer. The customer’s attorney is now seeking additional funds for damages and attorney fees. This incident comes after […]
Former CEO of investment firm Systematic Alpha Management LLC (SAM), Peter Kambolin, has admitted to participating in a fraudulent scheme known as “cherry-picking.” This practice involved allocating profitable and unprofitable trades in a way that benefited Kambolin’s personal accounts while causing losses for investors. Kambolin also misled clients by claiming that SAM’s trading strategies focused […]
BlockFi CEO Zac Prince testified in the criminal trial of former FTX CEO Sam Bankman-Fried, providing details about BlockFi’s lending relationship with Alameda Research. Prince revealed that Alameda began to dominate BlockFi’s lending activities, and he had conversations with Bankman-Fried regarding the loans. BlockFi had lent out billions of dollars to its clients, with Alameda […]
The U.S. Securities and Exchange Commission (SEC) has decided not to appeal a court ruling that found it unjust to reject Grayscale Investments’ application to create a spot bitcoin exchange-traded fund (ETF). The court had ruled in August that the SEC’s rejection was erroneous, and the SEC’s decision not to contest the ruling could expedite […]
Officials in the United States government are reportedly monitoring cryptocurrency mining operations with ties to China. Many Bitcoin data centers in the US are said to be directly linked to the Chinese government, raising concerns about their proximity to military bases and national security. One specific mining operation in Wyoming, located near a Microsoft data […]
