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Vitalik Buterin: ‘I Haven’t Sold ETH for Personal Gain Since 2018’
19.10.2023
Vitalik Buterin has dismissed reports that he recently sold his crypto holdings and claimed to have not “sold ether for personal gain since 2018.” Buterin suggested to his followers that the reports often mistake his transfer of digital assets to charitable organizations as sales...
Binance US Ends FDIC Insurance for Crypto Holdings, Citing Updated Terms of Service
18.10.2023
The US Branch of the world's largest crypto exchange, Binance US, recently communicated to its users that their cryptocurrency deposits are no longer covered by Federal Deposit Insurance Corporation (FDIC) insurance.
In an email sent to its customers on October 16, Binance US announced updates...
The Story Behind the U.S. Government's $5 Billion in Bitcoin – Here's What You Need to Know
16.10.2023
The U.S. government has become one of the largest holders of Bitcoin (BTC), acquiring approximately 200,000 coins (worth around $5 billion) through seizures related to criminal activities.
The digital assets were seized from cybercriminals and darknet markets and are securely stored offline...
New BIS Plan Mandates Banks to Disclose Crypto Holdings
6.10.2023
The Basel Committee on Banking Supervision has unveiled a new plan that will require banks to disclose their cryptocurrency holdings.
This development comes on the heels of a tumultuous year that witnessed the collapse of several major crypto firms as well as crypto-focused lenders Signature...
Banks Would Have to Disclose Crypto Holdings Under New BIS Plan
5.10.2023
The Basel Committee on Banking Supervision previously recommended swingeing capital constraints on holdings of unbacked cryptocurrency
Bitcoin miners Marathon, Riot, CleanSpark increase BTC output in September
5.10.2023
Marathon Digital, in particular, produced 1,232 Bitcoin in September, which accounted for a record 4.3% share of Bitcoin miner rewards
Cocoa broker testifies to Bitcoin holdings on FTX in Sam Bankman-Fried trial
4.10.2023
London-based cocoa broker Marc-Antoine Julliard responded to questions from prosecutors on crypto he held on FTX in November 2022
South Korean Overseas Crypto Holding Figures 'May Be Inflated': Report
3.10.2023
The research division of the South Korean crypto exchange Korbit revealed that the amount of overseas digital assets reported by domestic corporations and individuals to the National Tax Service, “may be inflated.”
The significant value of the reported amount is probably pumped up during...
Epic Games Cutting 870 Jobs, 16 Percent Of Its Workforce
28.9.2023
Epic Games Inc., the company behind global megahit Fortnite, the Epic Games Store, and the wildly popular Unreal Engine, is laying off 16 percent of its current workforce. This report, first coming from Bloomberg’s Jason Schreier, sees almost 900 employees losing their jobs.Read more
Marathon CEO Fred Thiel Warns About Fed Losing Its Weapons to Fight Inflation During Upcoming Period of Fiscal Dominance
26.9.2023
Fred Thiel, CEO of Marathon Digital Holdings, a Nasdaq-listed Bitcoin mining company, has warned about the future of the U.S. economy and the consequences of the Federal Reserve’s current monetary policy. Thiel noted the possibility of an upcoming period of fiscal dominance, in which...
Microstrategy Acquires 5,445 More Bitcoin — Total Holdings Climb to 158,245 BTC
26.9.2023
Microstrategy has acquired 5,445 more bitcoin, bringing the company’s total holdings to 158,245 BTC. According to the company’s filing with the U.S. Securities and Exchange Commission (SEC), the additional bitcoins were acquired during the period between Aug. 1 and Sept....
Liquid Staking Platforms Zoom Past 12 Million ETH With an Addition of 370,000 Ether in 5 Days
25.9.2023
In just five days, liquid staking platforms saw a surge of 370,000 ether in their ethereum holdings, breaching the 12 million ETH mark—rising from 11.94 million to a notable 12.31 million. Interestingly, Binance’s liquid staking token, WBETH, was the powerhouse behind this growth...
Arkham Identifies Coinbase’s $25B in BTC; Rivals Nakamoto’s Legacy Coins
23.9.2023
On September 22, 2023, Arkham Intelligence unveiled that it has identified addresses tied to a staggering $25 billion from Coinbase’s bitcoin (BTC) holdings. This cache represents the most substantial BTC reserve on Arkham. The firm points out that this trove is nearly on par with Satoshi...
South Koreans Report Over $98 Billion in Overseas Crypto Assets
21.9.2023
South Korean tax payers have declared some 131 trillion won (more than $98 billion) of crypto holdings in overseas accounts this year. The amount was announced by the country’s tax agency and it comes after the authorities in Seoul imposed a mandatory reporting requirement for financial assets held...
Standard Chartered’s Zodia Custody to Bring Yield on Crypto Holdings for Institutional Clients
19.9.2023
Zodia Custody, a Standard Chartered Bank-owned crypto entity, is bringing yield on digital assets to institutional clients in partnership with Singapore-based digital asset platform developer, OpenEden.
The collaboration comes days after Zodia officially launched its crypto custody services...
SEC’s Call for Full Disclosure: Court Asked to Order Inspection of Binance US
18.9.2023
The U.S. Securities and Exchange Commission (SEC) filed a reply to support its motion to compel Binance Holdings Limited to comply with expedited discovery related to customer assets. The reply comes after months of alleged delays and incomplete responses from Binance as it fights a lawsuit...
FTX Crypto Asset Sales Will Not Crash The Market: Coinbase Report
18.9.2023
Digital asset exchange, Coinbase has said in a new report that a potential liquidation of FTX’s crypto holdings will not negatively affect the market.
This analysis comes after widespread fears that the liquidation of FTX digital assets to investors worth over $3.4 billion will lead to a sharp...
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...
Solana Price Prediction as SOL Dips Following Court Approves FTX’s Request to Liquidate Crypto Holdings
13.9.2023
Solana (SOL), the cryptocurrency that powers the layer-1 smart-contract-enabled Solana blockchain, has dipped around 2% in the last half an hour, and was last trading around $18.10, down close to 2.5% from earlier session highs in the $18.50s.
Weighing on SOL was the news that a court presiding...
Judge Allows Bankrupt FTX to Sell Its Crypto Holdings, Including BTC and SOL
13.9.2023
Crypto exchange FTX can sell and invest its crypto holdings to pay back creditors, a judge in the U.S. Bankruptcy Court for the District of Delaware ruled Wednesday