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End of an Era: CZ Steps Down, SEC Names More ‘Securities,’ as US Crypto Crusade Continues — Week in Review
26.11.2023
Bitcoin.com News reported this week that leading crypto exchange Binance will settle with the United States Department of Justice (DOJ) for $4.3 billion, related to breaching anti-money laundering and sanctions regulations. The well-known face of the exchange, and former CEO, Changpeng...
Nigeria Law Enforcement Nab Politician Who Laundered Funds Stolen From Crypto Exchange
26.11.2023
Nigerian law enforcement recently arrested a politician who is accused of laundering digital funds that were stolen from Patricia Technologies in May. CEO Hanu Fejiro praised the politician’s arrest and said the recovered funds will “go a long way to soothe Patricia users.”...
Crypto exchange Zipmex suspends trading activity in Thailand
26.11.2023
Cryptocurrency exchange Zipmex has announced it has suspended trading in Thailand due to ensuring it is compliant with local regulations
JPMorgan: Spot Bitcoin ETFs Could Put ‘Severe Downward Pressure on Bitcoin Prices’
26.11.2023
Global investment bank JPMorgan has cautioned that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could “put severe downward pressure on bitcoin prices.” The bank’s analysts estimate that billions of dollars could...
BitMEX Co-founder predicts Bitcoin surge amid dollar liquidity rise
25.11.2023
In the statement, Arthur Hayes encouraged fellow Bitcoin enthusiasts to stay focused, highlighting a significant uptick in dollar liquidity
Nigeria’s Patricia Technologies relieved as arrest made in crypto wallet heist
25.11.2023
The Nigerian Police Force spokesperson said in the statement that Ambassador Wilfred Bonse has been arrested concerning the theft, conversion of cryptocurrency wallets, and unauthorized fund diversion from Patricia Technologies Limited
Kyber Network Confirms Security Incident in Which $47 Million Was Stolen
25.11.2023
Kyber Network said on Nov. 22 that Kyberswap Elastic “experienced a security incident” in which crypto assets worth more than $45 million were stolen. Kyber Network said it was investigating the incident and urged all “users to promptly withdraw their funds.” Kyber Forks...
SEC Scores ‘Huge Victory’ in Binance-DOJ Settlements, Former SEC Official Says
25.11.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has detailed why the SEC is a huge winner in the Binance settlements with the U.S. Department of Justice (DOJ), the Treasury, and other federal authorities. He stressed that what Binance has agreed to could...
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...
CoinFLEX Crypto Exchange Creditors Accuse Other Exchange OPNX of Wrongful Use of Assets
24.11.2023
Source: Adobe / pathdoc Creditors of the crypto derivatives exchange CoinFLEX are alleging that the newly established creditor claims marketplace OPNX, founded by bankrupt crypto hedge fund Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, wrongfully used CoinFLEX assets without their...
Bitcoin Price Reaches 18-Month High of $38,200 While Bitcoin ETF Token Surges Past $1.57m as FOMO Picks Up
24.11.2023
Friday, November 24, 2023 – The Bitcoin price smashed through $38,000 door after BlackRock met with the US Securities and Exchange Commission (SEC) to talk about its ETF application as the odds on approval rise and new cryptocurrency the Bitcoin ETF Token raises north of $1.5 million. The Bitcoin...
Tether and Bitfinex Drop Opposition to FOIL Request
24.11.2023
Stablecoin issuer, Tether, and cryptocurrency exchange, Bitfinex, have decided to drop their opposition to a Freedom of Information Law (FOIL) request made earlier this year by various news outlets. “We have nothing to hide” “Our decision is rooted in our unwavering commitment to transparency...
Fallen FTX Founder Sam Bankman-Fried Adopts Mackerel as New Currency, Gives Guards Crypto Tips
24.11.2023
Behind bars, Bankman-Fried has adopted mackerel packs as currency and advises guards on crypto amidst his legal turmoil over FTX’s collapse. Image by Fareed Mindalano, DALL-E 3. Sam Bankman-Fried, the disgraced founder of the failed cryptocurrency exchange FTX, has adapted to life behind bars...
Netherland-based Crypto Exchange Bitvavo Secures Regulatory Approval in France
24.11.2023
Source: AdobeStock / MarinadeArt Dutch-based cryptocurrency exchange Bitvavo has received regulatory green light in France to act as a digital asset service provider. In a Nov 23 press release, the company disclosed the milestone and reiterated its wider expansion plans with hopes of becoming...
Binance US Guilty Plea May Raise Complications for Hong Kong Affiliate’s Crypto License Application- Here’s What You Need to Know
24.11.2023
Source: Pixabay According to several industry experts, Binance and its founder, Changpeng Zhao (CZ), pleading guilty to US anti-money laundering laws could pose challenges to the cryptocurrency exchange’s ambitions in Hong Kong. On November 21, Changpeng Zhao stepped down as CEO of Binance...
Australian Regulator Says Cryptos ‘Created Out of Nothing,’ Issues Fresh Warning, Report
24.11.2023
Source: Pixabay / Patty Jansen The Australian Securities and Investments Commission (ASIC) is reportedly ramping up its surveillance towards the crypto market introducing fresh warnings. The regulator on Friday issued warning on cryptocurrency investments criticizing the digital tokens as “created...
Binance’s Settlement With U.S. Authorities Is Positive for Crypto as Well as the Exchange: JPMorgan
24.11.2023
The settlement will significantly reduce the potential systemic risk emanating from a hypothetical collapse of the crypto exchange, the report said
KyberSwap Exploited in $46 Million Attack Due to ‘Infinite Money Glitch’
24.11.2023
Source: AdobeStock / Roman Samokhin According to Ambient Exchange founder Doug Colkitt, KyberSwap’s $46 million hack was “the most complex and carefully engineered smart contract exploit” and confirmed that what happened was an infinite money glitch. In a detailed thread on...
Dutch exchange Bitvavo cleared to operate in France
24.11.2023
Netherlands cryptocurrency exchange Bitvavo is slowly expanding its reach after gaining regulatory approval in Austria and France
Atletico Madrid Sues Singapore’s Crypto Exchange Over Unpaid $44 Million Sponsorship
24.11.2023
Source: AFP Atletico Madrid, the renowned Spanish football club, is suing Singapore-based crypto exchange WhaleFin, following the unexpected termination of its $44 million shirt sponsorship deal. The football club is seeking $24 million in damages, citing crypto exchange WhaleFin’s alleged...