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Japanese crypto firms rally for crucial tax reforms
20.6.2024
The Japanese cryptocurrency industry is stepping up its lobbying efforts against stringent taxes preventing the growth of digital assets in the country. Leading this campaign is the Japan Blockchain Association (JBA) headed by Yuzo Kano, the CEO of bitFlyer Holdings which is one of the largest...
Japanese exchange BitFlyer to acquire FTX Japan
20.6.2024
FTX Japan, a Japanese subsidiary of the collapsed FTX exchange, is preparing to return with a new owner after repaying its customers in 2023
APAC crypto crime spikes amid legal resource shortages: Chainalysis report
20.6.2024
APAC’s struggle with increasing crypto crime is exacerbated by a shortage of legal resources and inadequate training for law enforcement
Binance fights back against $4.4M Canadian AML fine
20.6.2024
Binance has filed a lawsuit challenging the Canadian Financial Transactions and Reports Analysis Centre’s (FINTRAC) fine of $4.4m. The penalty was imposed in May and concerns the lack of compliance with laws regarding the anti-money of money laundering (AML) and the financing of terrorism (CFT)....
Report: Bitcoin Market Lacks Upward Momentum Amid Weak Demand
20.6.2024
Bitcoin continues to trade near a crucial price level, with the downside appearing limited but a lack of bullish momentum evident. The leading cryptocurrency stands around the $65,000 to $66,000 mark, a critical onchain realized price that could either support the price or signal a correction...
Tether and Taipei University boost blockchain and digital asset education
20.6.2024
Tether partners with Taipei University to advance blockchain and digital asset education, aiming to equip students with essential knowledge and skills
Pantera Capital believes Biden’s crypto pivot to be sincere
20.6.2024
Joe Biden’s recent pivot to the crypto market has caused havoc in the community. The consensus surrounding the shift was of doubt. Multiple reasons justified the skepticism around the pivot. The US President had previously blocked a pro-crypto bill. The bill was aimed at eliminating guidance by...
Binance fined $2.25M by India’s financial intelligence unit
20.6.2024
India’s financial watchdog issued charges against Binance after reviewing written and oral submissions from the Binance Director and available company records
Which cryptocurrency to invest in June 2024: BlockDAG presale hits $52.2M, XRP prices remain undervalued, & Cosmos faces outage
20.6.2024
Despite Ripple (XRP) achieving regulatory clearance, it still trades under $0.5, leaving its advocates disheartened. Cosmos encountered a significant setback with a nearly four-hour downtime during its v17 upgrade, showcasing some vulnerabilities. Conversely, BlockDAG is pioneering new frontiers...
Ethiopia Approves CBDC Launch Draft Proclamation
20.6.2024
The Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological advancements and draws from the experiences of fellow...
Australian Regulator Appeals Court Decision Exempting Block Earner From Penalty
20.6.2024
Australian Securities and Investments Commission (ASIC) stated on Tuesday that it had appealed the federal court’s decision to relieve Web3 Ventures Pty Ltd., trading as Block Earner, from liability to pay a penalty for offering unlicensed financial services through its crypto-related Earner...
ETH valuation metric is ‘heating up,’ but analyst says it’s not overvalued
20.6.2024
CryptoQuant CEO Ki Young Ju noted that while Ethereum’s MVRV is rising quickly, onchain activity levels suggest it may not be overvalued
Philippine SEC Warns Against Skyline Crypto and Dry Goods Trading Investments
20.6.2024
The Securities and Exchange Commission of the Philippines issued an advisory on Wednesday to inform the public that Skyline Crypto and Dry Goods Trading is not authorized to solicit investments from the public. The company has been offering investment opportunities online, promising returns of...
Unlicensed Crypto Business Leads to Indictments in Utah
20.6.2024
Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal...
Bank of America: Younger Wealthy Investors Prefer Crypto Over Traditional Investments
20.6.2024
Bank of America report shows younger affluent individuals favor crypto and alternative investments, differing from older generations’ traditional focus. “In fact, the most ‘conservative’ group is holding the highest average exposure to crypto,” the bank said....
Binance to appeal $4.4M fine from Canadian regulator
19.6.2024
The cryptocurrency exchange announced plans to exit the Canadian market in 2023 but may still face enforcement action from local regulators
Kraken Calls Security Research Firm’s Demands ‘Criminal’; Certik Slams Threats Against Its Employees
19.6.2024
Kraken has accused an unnamed security research firm of stealing $3 million from its treasury and attempting to extort more money. Nick Percoco said so-called white hat hackers failed to fully disclose the bug transaction details and have not made arrangements to return the stolen funds. White...
Unique Residential Bitcoin Mining House in Dallas Listed for $2.4M
19.6.2024
According to a house listing from Dallas, Texas, a crypto mining house is for sale in a residential neighborhood. The brick home is equipped with all the necessary supplies to start a data center, including a fully integrated liquid immersion system. High-Tech Crypto Mining Home for Sale in Dallas...
German Law Enforcement Transfers $425M in Bitcoin From Seized Funds
19.6.2024
Onchain data reveals that an entity likely tied to Germany’s Federal Criminal Police Office (BKA) transferred 6,500 bitcoin, valued at approximately $425 million, on June 19. Arkham Intelligence identified the address on Jan. 31 through its onchain monitoring systems. German Authorities...
CertiK identified Kraken exploit, claims exchange ‘threatened’ its team
19.6.2024
The security firm said it was transferring the digital assets obtained in the exploit of Kraken back to the exchange, but many crypto users questioned its motives