U.S. Judge Allows Billionaire’s Lawsuit Against Meta Over Fake Crypto Ads to Proceed

by Theresa Joy Lacatan | Jun 21, 2024 | Blog News, Crypto News

A U.S. judge has rejected Meta Platforms’ bid to dismiss a lawsuit filed by Australian mining tycoon Andrew Forrest. The lawsuit accuses Meta of negligence for allowing deceptive Facebook ads that used Forrest’s likeness to promote fraudulent crypto schemes....

Binance Faces Regulatory Scrutiny and Fines in India and Canada Amid Global Compliance Push

by Theresa Joy Lacatan | Jun 21, 2024 | Blog News, Crypto News

The Director of the Financial Intelligence Unit of India (FIU-India) has determined that Binance operated in India without fulfilling its statutory obligations under the Prevention of Money Laundering Act (PMLA). This decision follows a thorough review of...

Tether Launches Gold-Backed Stablecoin ‘Alloy’

by Theresa Joy Lacatan | Jun 18, 2024 | Blog News, Crypto News

Tether, one of the largest companies in the cryptocurrency industry, has officially launched Alloy by Tether, a new asset backed by Tether Gold. According to the official blog post, Alloy by Tether aims to redefine stability in the digital economy by combining the...

U.S. Supreme Court to Rule on Nvidia’s Alleged Crypto-Mining Revenue Disclosure Deception

by Theresa Joy Lacatan | Jun 18, 2024 | Blog News, Crypto News

The US Supreme Court has decided to review a significant case involving Nvidia Corp.’s disclosure of its crypto mining revenue, a decision that could set a precedent for future shareholder lawsuits. Nvidia is seeking to dismiss an investor lawsuit claiming that the...

El Salvador Proposes Bitcoin Bank to Boost Financial Services and Investment

by Theresa Joy Lacatan | Jun 17, 2024 | Blog News, Crypto News

El Salvador’s President Nayib Bukele has proposed the establishment of a Bank for Private Investment (BPI) to diversify financial services offered in both U.S. dollars and Bitcoin. This initiative, announced by Milena Mayorga, the Salvadoran Ambassador to the United...

Australia’s ASX Approves First Spot Bitcoin ETF

by Theresa Joy Lacatan | Jun 17, 2024 | Blog News, Crypto News

The Australian Securities Exchange (ASX) has approved its first spot Bitcoin exchange-traded fund (ETF), which will commence trading on 20 June, 2024. The VanEck Bitcoin ETF (VBTC) will be issued by investment firm VanEck, as confirmed in a press release shared with...