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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Japan has officially elevated Shiba Inu (SHIB) into its highest-tier crypto compliance category, placing it alongside Bitcoin and Ethereum. This milestone reflects a clear shift in how Japanese regulators view SHIB, recognizing it as more than a speculative token and validating its advancement into a government-approved digital asset. The designation is expected to reshape market perception, facilitate faster exchange listings, and enhance Shiba Inu’s readiness for participation at an institutional level within one of the world’s most tightly regulated financial markets. Shiba Inu’s Green-List Recognition Alongside Bitcoin…
In brief CFTC chair nominee Mike Selig declined to say the agency needs more resources or Democrat commissioners as it prepares to regulate the crypto market. During a generally friendly confirmation hearing Wednesday, Democratic senators pressed Selig on CFTC staffing, budget, and minority-party commissioners. Selig’s stance could heighten Democrats’ concerns about granting the CFTC broad authority over crypto without guarantees about the agency’s bipartisan composition. During a generally friendly Senate confirmation hearing Wednesday, CFTC Chair nominee Mike Selig refused to say the agency needs more resources, even as the CFTC is poised to take on new duties in regulating the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP investors are facing their most challenging moment of the year as new on-chain data reveals a sharp decline in profitable supply. The current market appears incredibly fragile, despite the token trading significantly higher than its price from the previous year. The latest statistics indicate growing pressure among investors and a weakening market structure, which have contributed to the significant profit loss this year. XRP Investors See Worst Profit Loss Since 2024 Fresh on-chain data from Glassnode, shared on X social media, shows that the portion of…
In brief Both Bitcoin and Ethereum are falling hard, notching lows not seen in months. Prediction market traders on Myriad now lean strongly bearish, projecting lower lows to come. And the charts? Indicators suggest the pain isn’t over. Here’s why. Crypto traders and investors who bought near highs in recent months are getting absolutely rekt right now, as hype fades and the market bleeds.Bitcoin is down to around $88,000, falling more than 20% over the last 30 days. The crypto market as a whole today fell to $3.04 trillion—down 4.82% in 24 hours—with 95% of all coins bleeding red. The…
In brief Former lobbyist Jack Abramoff was sentenced to three years of probation and ordered to pay $2.2 million in restitution for his “AML Bitcoin” fraud scheme. Abramoff and CEO Marcus Andrade spent ICO funds on personal expenses and made false claims about government contracts and a Super Bowl ad. Judge spared him prison time due to his guilty plea, testimony against Andrade, and aggressive cancer diagnosis. Former lobbyist Jack Abramoff was sentenced to three years of federal probation for his involvement in a scheme tied to a project called AML Bitcoin.Abramoff has also been ordered to pay $2.2 million…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin mining firm Bitfury announced plans to step beyond mining with a major new investment push. According to reports, the company will launch a $1 billion technology fund after 14 years focused mainly on emerging tech such as artificial intelligence, quantum computing and decentralized identity systems. The move signals a change of direction for the firm founded in 2011, which built its reputation on hardware and data center operations. The $1B Fund Will Be Deployed Over Several Years According to a press release, Bitfury intends to put…
In brief Tenaga Nasional Berhad reported RM 4.57 billion in losses from illegal crypto-mining activity across 13,827 premises. Authorities earlier flagged a 300 percent jump in crypto-linked power theft and rising cases first discovered back in 2018. Local observers expect tighter monitoring, new licensing lanes, and faster enforcement as Malaysia weighs reforms. Malaysia’s state electric utility provider, Tenaga Nasional Berhad, said illegal crypto-mining operations have drained roughly $1.1 billion worth of electricity over the past five years. That’s a sharp spike from the rising power-theft cases authorities had disclosed earlier in May.Malaysia’s Energy Transition and Water Transformation Ministry told Parliament…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin’s price is under heightened bearish pressure as it falls back to the $90,000 level, raising the potential of the beginning of a bear market phase. With the price of BTC dropping fast, selling pressure is rising rapidly in the market, which is extending into the institutional landscape. Are Bitcoin Institutional Investors Exiting? In a significant development, several large corporations are starting to react strongly to the ongoing correction in Bitcoin’s price. As market volatility increases, institutional investors, who were once seen to be the stabilizing force…