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Crypto Exchange Bitzlato in Hot Water as Co-founder Pleads Guilty


Source: Adobe / deagreez Anatoly Legkodymov, also known as “Gandalf” and “Tolik,” a Russian national and co-founder of the Hong Kong-based crypto exchange Bitzlato, has pleaded guilty in a US federal court in New York to charges related to operating an unlicensed money transmitting business....

Cathie Wood’s Ark Invest Continues to Dump Coinbase and GBTC Shares


Source: Ark Invest Cathie Wood’s Ark Invest continues its selling spree of shares of the largest US-based crypto exchange, Coinbase, amid the ongoing crypto rally. Ark Invest Daily reported that the fund management firm offloaded $24.2 million worth of Coinbase shares and $3.4 million worth...

21Shares COO Departs, CEO Hany Rashwan Reassures Firm Has Transition Plan


Source: Nasdaq / Instagram Switzerland-based exchange traded product (ETP) firm 21Shares has confirmed its chief operating officer Lucy Reynolds, has left the firm. Before joining 21Shares Reynolds was head of product management at WisdomTree and joined 21Shares in 2020 – Reynolds was unavailable...

BRC-20 Tokens Exceed $110M 24hr Trading Volume on Gate.io


Dec. 6th Panama Panama City – The latest market data from Gate.io, a leading crypto exchange and Web3 innovator, shows that daily BRC-20 trading volume peaked at $116 million, with assets such as $ORDI and $PIZABRC increasing 17% and 245%, respectively. In addition, the exchange announced...

SocGen’s Own Stablecoin Set to Debut Trading on Bitstamp Exchange


Source: AdobeStock / AUFORT Jérome French banking giant Societe Generale is listing its stablecoin, dubbed EUR CoinVertible, on the Luxembourg-based Bitstamp crypto exchange. EUR CoinVertible will be fully backed by Euros and issued on the Ethereum public blockchain, SocGen said in a release....

Binance and CZ Settle With the DOJ and Other Federal Agencies


On November 21, 2023, the Commodity Futures Trading Commission (CFTC), the Department of Treasury’s Finance Crimes Enforcement Network (FinCEN), its Office of Foreign Assets Control (OFAC), and the Department of Justice (DOJ) all settled charges against Binance, the world’s largest cryptocurrency...

Crypto Mining Firm Phoenix Shares Surges 50% on Abu Dhabi Debut


Source: Adobe Phoenix Group Plc, an Abu Dhabi-based Bitcoin mining and colocation service provider, has reported a significant 50% surge in shares. The company announced Sunday, its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX), slated for December 5th. The event marked...

Bitcoin Futures Open Interest on CME Hit $5 Billion


Source: Adobe Stock Bitcoin futures open interest on the Chicago Mercantile Exchange (CME) – has seen a spike rising from $2.20 billion on September 30th to $5.09 billion today, according to data from Glassnode. The rise in open interest is due to bitcoin’s ongoing uptrend to $44,400 on Tuesday...

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