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New Court Filing: FTX Holds $1.1 Billion in SOL and $560 Million in BTC


Now-defunct crypto exchange FTX  holds approximately $7 billion in assets, including $1.16 billion worth of Solana (SOL) tokens and $560 million in Bitcoin (BTC). In a Monday court filing, the company said it has managed to secure $1.5 billion in cash in addition to the $1.1 billion it held as...

Santiment Says Market is Hinting at "Price Bounces" as FUD Dominates


Digital assets are displaying signs of potential price rallies despite growing market uncertainty, new insights provided by crypto analytics firm Santiment show. In a recent tweet, the firm highlighted the dominance of fear, uncertainty, and doubt (FUD) sentiments on social media platforms, noting...

Crypto Exchange Bitgamo to Open 75 Crypto ATMs in Europe Next Year


Bitgamo, a Luxemburg-based emerging crypto to fiat exchange, has announced that it would establish 75 cryptocurrency ATMs across Europe in 2024, promising the best rate in the market.... Read More: Crypto Exchange Bitgamo to Open 75 Crypto ATMs in Europe Next Year

Judge Orders Teen Hacker to Return $5.2M Worth of Bitcoin Stolen in 2016


A federal judge has ruled that a young hacker must forfeit approximately $5.2 million worth of Bitcoin (BTC) and a sports car to the US government.  The ruling claims that Ahmad Wagaafe Hared, a resident of Tucson, Arizona, stole cryptocurrency from Northern California crypto executives back...

Taiwan's Crackdown: Offshore Crypto Exchanges Must Comply or Exit


Taiwan is set to impose restrictions on offshore cryptocurrency exchanges operating within its jurisdiction unless they gain the required registration.  The country's Financial Supervisory Commission (FSC) has drafted ten guiding principles for virtual asset services providers (VASPs) to establish...

Hong Kong Widens Testing of China's Digital Yuan to Additional Banks


Hong Kong has entered the second phase of technical testing for China's digital yuan, expanding the trial to include more Hong Kong banks.  The Hong Kong Monetary Authority (HKMA) and the People's Bank of China have completed initial technical tests for cross-border payments using the digital yuan...

Joint IMF and FSB Report Warns Against Total Crypto Bans


A joint policy roadmap released by the Financial Stability Board (FSB) and the International Monetary Fund (IMF) has cautioned against outright bans on cryptocurrencies.  The policy paper, commissioned by the G20 under India's leadership, has emphasized the need for comprehensive regulatory...

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