News

New York forces Uphold to pay $5M over fraudulent crypto investment scheme

New York regulators have ordered Uphold, a cryptocurrency platform, to pay $5 million for its involvement in a fraudulent investment scheme. The scheme misled investors by promoting a non-existent cryptocurrency, leading to significant financial losses. Uphold is accused of failing to adequately monitor and prevent the fraudulent activities on its platform. The settlement aims to hold Uphold accountable and protect consumers from similar scams in the future.

Read the full article: Coin Telegraph

Bitcoin logs best monthly performance in 12 months during April

In April, Bitcoin achieved its best monthly performance in a year, surging approximately 23%. This rise was attributed to increased investor confidence and positive market sentiment. The cryptocurrency's price reached levels not seen since mid-2022, driven by factors such as institutional interest and favorable macroeconomic conditions. Analysts suggest

Crypto industry will be ‘just fine’ if CLARITY Act doesn’t pass: Chris Perkins

Chris Perkins, president of the digital asset firm CoinFund, stated that the crypto industry will remain resilient even if the CLARITY Act does not pass. He emphasized that the industry has shown adaptability and can thrive under existing regulations. Perkins believes that regulatory clarity is important but not essential for

Bitcoin's 'hazardous' airdrop: Why developers are warning against Paul Sztorc’s eCash fork

Developers are cautioning against Paul Sztorc's eCash fork of Bitcoin, labeling its airdrop as "hazardous." The concerns stem from potential security risks and the possibility of undermining the integrity of the Bitcoin network. Critics argue that the airdrop could mislead users and create confusion within the

Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup

The crypto industry is supporting a compromise in the CLARITY Act, which aims to provide clearer regulatory guidelines for digital assets. Industry advocates are urging the Senate Banking Committee to proceed with a markup of the legislation to establish a more defined framework for cryptocurrency regulation. The proposed changes are

Read more

Bitcoin logs best monthly performance in 12 months during April

Crypto industry will be ‘just fine’ if CLARITY Act doesn’t pass: Chris Perkins

Bitcoin's 'hazardous' airdrop: Why developers are warning against Paul Sztorc’s eCash fork

Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup