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$1.1M Penalty Slammed on Mosaic Exchange in Crypto Fraud Scandal

Coins Legend January 15, 2025 0

A crypto firm has been fined $1.1 million for deceiving customers and misusing funds, as the CFTC highlights growing concerns about unregistered investment schemes. CFTC Strikes: Fraudulent Crypto Firm Banned, $1.1 Million Fine Issued The Commodity Futures Trading Commission (CFTC) announced on

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Dedollarization Advances: Russia and Myanmar Discuss National Currency Payment System

Coins Legend January 15, 2025 0

Efforts to trade using national currencies are intensifying, as nations aim to reduce reliance on the U.S. dollar and Western financial systems while boosting economic independence. Russia’s Plans for National Currency Payment Systems Signal Declining Dollar Use Countries worldwide are increasingly opting for national currencies in trade agreements, reducing reliance on

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SEC Delays Decision on Bitwise 10 Crypto Index ETF Until March

Coins Legend January 15, 2025 0

The U.S. Securities and Exchange Commission (SEC) has deferred its decision on the Bitwise 10 Crypto Index exchange-traded fund (ETF), citing the need for additional time to thoroughly review the proposal. SEC Needs More Time to Decide on Bitwise 10 Crypto Index ETF The SEC disclosed its decision to extend the review period for a […]

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Inflated TVL Figures Could Pop a $30B Bitcoin Defi Ecosystem

Coins Legend January 15, 2025 0

Two startups are joining forces to introduce a solution to verify total value locked (TVL) claims by Bitcoin decentralized finance (Bitcoin defi) projects. Why Bitcoin Defi Needs Proof-of-TVL At more than $30 billion in total value locked (TVL), Bitcoin decentralized finance (Bitcoin defi) is quickly becoming a profitable trend, but exaggerated TVL numbers from

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Singapore Cracks Down: Polymarket Blocked Amidst Global Scrutiny of Unlicensed Gambling Platforms

Coins Legend January 15, 2025 0

Singapore’s gambling regulator blocked access to Polymarket, a predictions market, considering it online gambling under their law. Offenders Face Stiff Fines or Jail Time Singapore’s Gambling Regulatory Authority (GRA) has reportedly blocked access to Polymarket, a predictions market, as part of a broader crackdown on unlicensed gambling service providers. Under

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Circle Reports $18 Trillion in Lifetime USDC Transactions

Coins Legend January 15, 2025 0

The adoption and use of USDC, a widely used stablecoin issued by Circle, saw substantial growth in 2024, as highlighted in the company’s latest report. USDC Economy Sees Rapid Growth Amid Regulatory Advances In its report, Circle attributed this momentum to advancements in blockchain infrastructure, expanded regulatory clarity, and increasing global demand for efficient

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Rate Cuts Delayed, Crypto Cautious, QCP Capital Insights Highlight Key Risks

Coins Legend January 14, 2025 0

QCP Capital has observed a notable recalibration in global market expectations regarding Federal Reserve policy, marked by the 10-year Treasury yield ascending to 4.8%—its highest level since late 2023. QCP Advises Caution While ‘Shrimp’ Investors Quietly Amass 17,600 Btc Monthly, Defying Market Turbulence In an adjustment that reflects shifting sentiment, markets now

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Metaplanet Unveils Bitcoin Magazine to Educate 1 Million People About Bitcoin

Coins Legend January 14, 2025 0

Bitcoin Magazine aims to aim to equip a minimum of one million Japanese with the knowledge and tools to be a part of the bitcoin revolution. Metaplanet Takes Another Big Step to Advance Bitcoin Adoption Bitcoin Magazine Japan is a new media platform by Metaplanet that aims to help one million Japanese people understand and […]

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Report: Trump’s First-Day Executive Orders to Target Biden’s Crypto Policies

Coins Legend January 14, 2025 0

The incoming Trump administration appears poised to orchestrate a significant shift in U.S. cryptocurrency policy, signaling plans to dismantle key Biden-era regulations, according to The Washington Post (WaPo). Trump’s Alleged Crypto Plans Revealed by Insiders in WaPo Report Insiders privy to the administration’s deliberations revealed to WaPo that overturning the

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Blackrock: Bitcoin Adoption Surpasses Internet and Mobile Phones

Coins Legend January 14, 2025 0

The adoption of crypto assets has grown quickly, drawing interest from both institutional and retail investors. Internet and Mobile Phone Adoption Outpaced by Bitcoin A recent market insights publication by Blackrock revealed that the adoption of crypto assets, especially bitcoin has outpaced the growth of the internet and mobile phones. The adoption of crypto assets […]