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Bitcoin miner OTC balances reach 2-year high — Why it’s a bearish signal
23.8.2024
The rising amount of Bitcoin OTC desk balances for miners indicates “significant selling activity” among miners
Hex Trust gets initial nod for payment institution license in Singapore
24.7.2024
Hex Trust previously obtained a license for custody services in Singapore, but a recent legislative amendment placed these firms under a new licensing scope
Hex Trust gets initial nod for payment institution license in Singapore
24.7.2024
Hex Trust previously obtained a license for custody services in Singapore, but a recent legislative amendment placed these firms under a new licensing scope
OTC Crypto Spot Transaction Volume Surges 95% in H1 2024, Driven by Institutional Interest
17.7.2024
The over-the-counter (OTC) institutional cryptocurrency market saw a dramatic increase in spot transaction volume in the first half of 2024. A recent report by Finery Markets reveals a 95% year-over-year growth, highlighting a significant rise in institutional engagement. Institutional Interest...
Bybit lists Hamster Kombat’s token for pre-market trading
8.7.2024
The access to Hamster Kombat tokens on Bybit’s OTC pre-market platform allows users to secure HMSTR tokens ahead of the market and to lock in their purchase early
Bybit lists Hamster Kombat’s token for pre-market trading
8.7.2024
The access to Hamster Kombat tokens on Bybit’s OTC pre-market platform allows users to secure HMSTR tokens ahead of the market and to lock in their purchases early
Hong Kong Government Pushes for Licensing Bills on Stablecoin and OTC Crypto Trading
21.2.2024
The Hong Kong government aims to submit licensing bills for stablecoin and over-the-counter (OTC) crypto trading frameworks in order to regulate the crypto industry and enhance investor protection.
The post Hong Kong Government Pushes for Licensing Bills on Stablecoin and OTC Crypto Trading...
Hong Kong Seeks Input on OTC Crypto Trading Rules
8.2.2024
Hong Kong on Thursday announced a consultation on regulating over-the-counter (OTC) crypto trading. The Financial Services and the Treasury Bureau consultation seeks to establish a conceptual framework for licensing virtual asset OTC services. Under the regime, operators would be mandated to obtain...
Hong Kong Set To Release Consultation on Regulatory Framework for OTC Crypto Platforms
2.2.2024
Hong Kong will publish a consultation on a proposed regulatory framework for over-the-counter crypto trading platforms “very soon,” according to a February 2 blog post. Secretary for Financial Services and the Treasury Christopher Hui warned the public of the risks of over-the-counter venues, given...
Hong Kong to Strenghten OTC Crypto Market Regulation
29.1.2024
Hong Kong will now focus on regulating over-the-counter (OTC) cryptocurrency trading, according to local sources. Under Secretary for Financial Services and the Treasury Joseph Chan Ho-lim stated that the government will aim to mitigate the risks of virtual assets amidst the rising interest...
Wintermute Reports 400% Surge in OTC Crypto Trading Volumes for 2023
10.1.2024
Source: Wintermute Wintermute has reported a staggering 400% increase in over-the-counter (OTC) trading volumes for the year 2023 in the midst of a challenging year for crypto exchanges.In the latest report of its OTC performance, the crypto market maker and liquidity provider Wintermute revealed...
South Korean Police Arrest Suspected OTC Crypto Thief
5.1.2024
Source: spaxiax/Adobe South Korean police have arrested a man they suspect of stealing cash as part of a bogus over-the-counter (OTC) crypto exchange. Per the broadcaster KBS, police officers in the town of Icheon, Gyeonggi Province, said they had arrested a man “in his 20s” on theft-related...
‘OTC King’ Zhao Guilty of Unauthorized Crypto Operations, Says Chinese Legal Authority
28.12.2023
Source: Pexels China’s Supreme Procuratorate has reportedly disclosed the details behind the seven-year prison sentence given to the founder of the over-the-counter (OTC) crypto trading desk RenrenBit, Zhao Dong. In a press release on December 27, the Chinese legal authority revealed that...
Spartan Capital Invests in DeFi Protocol Pendle in a Follow-on Funding Round
9.11.2023
Source: Medium/Spartan Group In a strategic move to boost the burgeoning landscape of decentralized finance (DeFi), Spartan Capital has announced its continued commitment to Pendle Finance through an over-the-counter (OTC) acquisition. We're excited to share that we have made a follow-on...
FTX Creditor Claims Priced Above $0.50 in Over-the-Counter Transactions
23.10.2023
A number of over-the-counter (OTC) transactions involving FTX creditor claims are valuing these claims at over 50 cents on the dollar.
According to a report by The Block, the price is a notable increase from earlier, and was revealed by Thomas Braziel, a specialist in FTX debt claims at...
JPMorgan’s Tokenized Collateral Network Facilitates Blackrock-Barclays Trade
13.10.2023
Banking giant JPMorgan Chase has debuted its blockchain-based collateral settlement system. Blackrock became the first client to use JPMorgan’s Tokenized Collateral Network (TCN). The world’s largest asset manager used the system to convert shares in one of its money market funds into digital...
US Representative Introduces Legislation to Mandate Reporting of Off-Chain Crypto Transactions to the CFTC
30.9.2023
Virginia’s Democratic representative Don Beyer has ushered in a fresh bill mandating the documentation of off-chain transactions and over-the-counter (OTC) crypto engagements by cryptocurrency exchanges, to be catalogued in a repository under the purview of the U.S. Commodity Futures Trading...
FTX Bankruptcy Claims Soar in Value in Over-the-Counter Markets as Estate Recovers $7.3B
28.9.2023
The expected payout to FTX creditors has reached 37 cents on the dollar, the highest since the company’s bankruptcy filing in late 2022. One top distressed-debt investor describes FTX claims as the “hottest ticket in town.”
South Korean Authorities Take Aim at Unregulated Crypto OTC Desks Amid Money Laundering Concerns
19.9.2023
South Korean prosecutors and regulators are directing their attention toward reported issues concerning unregulated cryptocurrency-based over-the-counter (OTC) trading and deposit enterprises. During the third annual prosecutors’ conference, officials proposed the necessity for enhanced...
FTX Approved to Sell $3.4B in Crypto; Tron’s Justin Sun, DWF Labs Consider Buying Cache
13.9.2023
The bankrupt crypto exchange FTX received permission to sell its crypto assets valued at more than $3.4 billion after John Dorsey, the presiding bankruptcy court judge, approved the motion. Moreover, Tron founder Justin Sun took to social media and said he is considering an offer for FTX’s...