The U.S. Securities and Exchange Commission (SEC) got a win in its case against Thor Technologies for an unauthorized sale of $2.6 million in crypto asset securities.

The SEC received a default judgment against the company and its founder David Chin.

What Happened: In December 2022, the SEC filed a complaint on Chin and Thor for raising $2.6 million from a diverse group of 1,600 investors (200 of them residing in the U.S.) between March and May 2018, as reported by CoinGape. The funds were generated using the sale of its Thor (THOR) coin to be utilized for its business.

The tokens were meant to be used in a software platform connecting gig economy workers and companies. The project…

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From the very first days of Bitcoin, the community was its key driving force. Even more: it was the only one.

Without any marketing or PR, it was the community that helped transform the anonymous 9-page whitepaper from an obscure cypherpunk list into the functional Bitcoin software we use today. It was the community that propelled Bitcoin across the globe, spreading the knowledge and engaging all sorts of people and businesses that recognize the need for better money.

Bitcoin is a global phenomenon now, but its community is still the gravity center fostering technological development and adoption. It also represents something else: an elusive, yet precious quality that binds very different…

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Over the past 24 hours, Solana’s SOL/USD price has risen 10.1% to $27.06. This continues its positive trend over the past week where it has experienced a 26.0% gain, moving from $21.39 to its current price. As it stands right now, the coin’s all-time high is $259.96.

The chart below compares the price movement and volatility for Solana over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 318.0% over the past…

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Crypto mining firm Bitdeer Technologies Group BTDR on Friday announced its board of directors sanctioned a new share repurchase initiative, worth around $2 million.

As the crypto industry navigates through dynamic financial landscapes, such strategic financial moves by companies like Bitdeer are anticipated to be a focal topic at Benzinga’s Future of Digital Assets conference on Nov. 14. This event aims to shed light on the ongoing evolutions in the digital asset sector, including the implications of regulatory and market changes on businesses and investors.

The repurchase mechanism permits Bitdeer to acquire its shares via a variety of avenues, encompassing open market and privately…

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Marathon Digital Holdings, Inc. MARA and Riot Platforms, Inc. RIOT shares are trading higher Friday as Bitcoin BTC/USD topped the $30,000 mark for the first time since August.
 

The Details:

Shares of MARA are up by more than 5%, and RIOT shares are up nearly 4% Friday as excitement surrounding the potential approval of a spot Bitcoin ETF approval builds. 

Bitcoin is trading just under $30,000 after breaching the mark and reaching $30,024.42 earlier Friday. 

Earlier this week, Blackrock and Fidelity made amendments to their spot Bitcoin ETF filings, and Grayscale submitted an S-3 filing on similar approval pursuits.

Both Marathon Digital and Riot Platforms have significant short…

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Ras Al Khaimah, celebrated for its cultural heritage, is diversifying its economy by embracing digital assets beyond traditional sectors like tourism. On October 19th, Sheikh Mohammed bin Saud bin Saqr Al Qasimi inaugurated the RAK Digital Assets Oasis (RAK DAO). This economic free zone supports digital asset, blockchain, Web3, and AI companies while offering grant programs and specialized support in tech, marketing, and business development. RAK DAO aims to drive innovation and seize global digital asset opportunities, positioning Ras Al Khaimah as a UAE pioneer, alongside tech hubs in Abu Dhabi and Dubai.

Vienna-based exchange, Bitpanda, a major digital asset exchange in Europe, achieved a significant milestone by becoming one of the first foreign entities to secure a Virtual Asset Service Provider (VASP) license in Norway. This announcement was made via the company’s official social media account on October 19.

Bitpanda has been actively expanding its presence across Europe, holding licenses in several European jurisdictions, including Austria, Germany, France, Sweden, and Czechia. According to Lukas Enzersdorfer-Konrad, the Deputy CEO of Bitpanda, this registration marks a crucial step in their mission to provide a trustworthy investment platform for Europeans. He…

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A recent report by CNBC provides new insights into the story of Jimmy Zhong. He made headlines last year when he was arrested for stealing over 50,000 bitcoin from the Silk Road marketplace.

How Jimmy Zhong Got the Police Involved

The story began in March 2019 when Jimmy Zhong called the police in Athens, Georgia, to report that someone had stolen hundreds of thousands of dollars worth of cryptocurrency from his home. This phone call triggered an investigation into the theft. Initially, the police, who were used to college town-type crimes like break-ins, bar fights, and assorted rowdiness, couldn’t suspect Zhong’s crime. According to the report:

“The 911 call…

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