SEC waives BlockFi’s $30M fine until creditors are paid

The U.S. SEC was at the top of BlockFi creditor’s list with a $30 million settlement balance from February 2022. The United States Securities and Exchange Commission (SEC) has agreed to postpone the payment of a $30 million fine from bankrupt crypto lender BlockFi until creditors are paid back. The amount represents the balance of […]

Bitcoin breaks $31k as it continues to shake off recent slumps

As ongoing regulatory pressures ramp up towards several cryptocurrencies, Bitcoin (BTC)has shown impressive resilience, breaking the $31,000 barrier today and marking its highest close of the year. This jump comes after a prolonged period of stagnant trading, with Bitcoin wavering between $25,000 and $30,000 since March 16. BTCUSD (Source: TradingView) The liquidation volumes for each […]

IMF still pushing CBDCs while continuing to highlight crypto risk

A recent IMF post was extremely favourable towards countries in Latin America and the Caribbean using central bank digital currencies, while denigrating El Salvador’s adoption of Bitcoin. The post by the International Monetary Fund suggested that Latin American and Caribbean (LAC) countries were making “significant strides in the introduction of central bank digital currencies (CBDCs). […]