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Terra Founder Do Kwon Appeals Against Extradition to South Korea and US
6.12.2023
Source: Terra / YouTube Terraform Labs co-founder, Do Kwon, has officially filed an appeal against the extradition decision of the High Court in Montenegro. On December 6, the Montenegrin Court of Appeal confirmed that Kwon Do-hyung submitted an appeal, expressing his refusal to accept...
IRS Reports Increase in Digital Asset Tax Investigations
5.12.2023
The Criminal Investigation Unit of the Internal Revenue Service (IRS:CI) noted an increase in digital asset tax investigations due to cryptocurrencies becoming more mainstream, according to the IRS:CI’s annual report released Monday. What the findings show The report states these digital asset...
Robinhood Reports a 75% Surge in Crypto Trading Volume in November
5.12.2023
Source: DALL·E Robinhood has reported a substantial 75% increase in cryptocurrency trading volume for November compared to October, highlighted in a recent filing with the U.S. Securities and Exchange Commission (SEC). In their detailed 8-K update to the SEC, Robinhood’s significant uptick...
Grayscale’s Bitcoin Fund Operations Get Set for ETF Launch; Toncoin and InQubeta Gear Up for Significant Gains
4.12.2023
Grayscale, which manages the Grayscale Bitcoin Trust (GBTC), was in the news after it updated its trust agreement for the first time since 2018. According to reports, the move is to optimize the GBTC fund and reportedly upgrade it as a spot Bitcoin exchange-traded fund (ETF). Apart from...
Crypto Loans Platform Nexo Integrates Koinly to Ease User Tax Obligations
1.12.2023
Source: iStock Images Nexo, a lending platform that provides instant crypto loans, has partnered with Koinly to simplify user’s tax reporting. Effective November 30, 2023, the collaboration enables Nexo users to easily generate tailored crypto tax reports. A company statement said that...
Tron Blockchain Founder Justin Sun Rejects Reports Linking His Protocol to Terror Funding
29.11.2023
Tron blockchain founder Justin Sun has rejected suggestions that his protocol is increasingly being used by terrorist organizations. Sun said Tron’s top priority remains maintaining decentralization as well as making sure users’ assets remain safe. A new report suggests that between...
More Apex Banks Jump on e-CNY Pilot Trial Program – The Rise of Global CBDC Issuance?
28.11.2023
Source: AdobeStock China’s e-CNY pilot program is gaining significant attention as three additional banks join the initiative. Reports from local news outlets reveal that Hong Kong-based HSBC Bank, Hang Seng Bank, and Taiwan’s Fubon Bank are already providing access to the Asian...
Crypto Miner Manufacturer Caanan Reports 48% Drop in Sales – What’s Going On?
28.11.2023
Source: Adobe / Photocreo Bednarek Canaan – a China-based Bitcoin (BTC) ASIC manufacturer and operator – lost nearly half its revenue from mining machine sales last quarter, according to its Q3 earnings. Released on Tuesday, the firm’s financial results showed just $33 million in revenue for...
Failure of Multi-Function Crypto Firms a Limited Threat to 'Real Economy': FSB
28.11.2023
A new report by the Financial Stability Board said further assessments of possible implications are required because "significant information gaps remain."
Hong Kong Authorities Investigate $15.4 Million Scam on Hounax: Report
27.11.2023
Source: Pixabay Police in Hong Kong have begun investigating the crypto trading platform after more than 130 people said they had been scammed. South China Morning Post reported on Saturday that Hong Kong authorities had vowed to make arrests soon in light of reports of over $15.4 million being...
Blackrock Pushes to Use In-Kind Creation Method for Spot Bitcoin ETF: Report
25.11.2023
Blackrock, the world’s largest asset manager, has reportedly pushed for using the in-kind creation method for its bitcoin exchange-traded fund (ETF), diverging from the cash creation model favored by the U.S. Securities and Exchange Commission (SEC). According to reports, Blackrock and other spot...
CryptoQuant Reports Decline in Binance’s Bitcoin Reserves as Retail Flow Shifts to Coinbase
23.11.2023
Bitcoin reserves on the world’s largest cryptocurrency exchange, Binance, are rapidly depleting, according to data from blockchain analytics firm CryptoQuant. The outflow is notably shifting towards the premium digital asset platform of the US-based crypto exchange Coinbase. Providing more...
Binance Sees $1.7 Billion in Withdrawals Post DOJ Settlement, Nansen Reports Decline in Crypto Reserves
22.11.2023
Following the settlement with the U.S. Department of Justice (DOJ), Binance, the world’s leading crypto exchange by trading volume, has experienced a significant withdrawal of approximately $1.7 billion in digital assets, as reported by Nansen, a blockchain analysis company. This substantial...
Digital Asset Miner Hut 8 Reports 44% Increase in Carbon Credits Amid Sector’s Energy Consumption – Mining Making a Comeback?
21.11.2023
Source: AdobeStock / Photocreo Bednarek Cryptocurrency miner, Hut 8 partnered with Sparta Group’s ERS International to establish neutral carbon emissions in 2025 and has recorded massive wins this year. The Canadian-based crypto miner joined the carbon credit program with a vision toward 2025...
BNB Records Uptick Following Reports of Potential $4 Billion Settlement With the DOJ
21.11.2023
Source: AdobeStock / akif BNB has surged over 7% in the last 24 hours after reports of Binance being involved in a potential $4 billion settlement with the United States Department of Justice (DOJ). The recent rise in the Binance-based token marks its highest point since June after the price moved...
FTX-Linked Anthropic Declines OpenAI’s Merger and Leadership Offer
21.11.2023
Source: OpenAI / Anthropic Amid leadership changes at OpenAI, Anthropic, backed by FTX, has turned down an offer to merge and take on a leading role, according to The Information. The Information reports that after OpenAI’s board fired the former CEO Sam Altman, the company approached its rival...
Crypto Markets Chop as Reports Emerge That US DoJ Wants Over $4 Billion From Binance to Settle Yearlong Investigation – Here’s The Latest
20.11.2023
Binance Logo / Source: Adobe The US Department of Justice (DoJ) is seeking a settlement of more than $4 billion from the world’s largest crypto exchange Binance as a proposed resolution to a yearlong investigation into the exchange, Bloomberg reported on Monday citing people familiar with...
Ethereum Exchange Outflows Exceed $1 Billion in 3 Weeks, IntoTheBlock Reports
20.11.2023
Ethereum sees significant exchange outflows as investors potentially eye long-term holds. Image by Dennis, Adobe Stock. A torrent of Ethereum has flowed out of centralized crypto exchanges and into private wallets over the past several weeks. ETH recorded $320M in exchange outflows this week,...
58 US Lawmakers Probe Biden and Yellen on Hamas’ Crypto Operations
17.11.2023
Fifty-eight U.S. lawmakers have probed President Joe Biden and Treasury Secretary Janet Yellen regarding Hamas’ digital asset operations, as well as whether the U.S. has had success in seizing illicit cryptocurrencies. Despite reports that terrorist groups have raised millions in crypto,...
Bitcoin Price Bulls Retarget $40,000 While Traders’ Favorite Bitcoin Minetrix Soars Past $4m in its Stake to Mine ICO
16.11.2023
Thursday, November 16, 2023 – The Bitcoin price is retracing higher as bulls retarget $40,000, while switched-on crypto traders continue to place bets on new stake-to-mine Bitcoin alternative Bitcoin Minetrix as its ICO soars past $4 million. After fake reports about an XRP ETF, followed by...