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Lambo Livestream Goes Wrong for Bitboy, Kiyosaki Says Buy BTC, Lawmakers Push ETF Approval — Week in Review
1.10.2023
A livestream in which Ben “Bitboy” Armstrong is hunting down his allegedly stolen Lamborghini ends up with the crypto influencer arrested. In other news this week, Rich Dad Poor Dad author Robert Kiyosaki says to purchase bitcoin before markets crash, and U.S. lawmakers push SEC Chair...
Did You Know About These Crypto Airdrops in October?
1.10.2023
As markets continue to move sideways, crypto companies are trying to increase user engagement through airdrops. Among them are some well-known names in the space as well as new projects searching for their place. They all seek to arouse interest in digital money and their own products with...
Report: Hacked Nigerian Crypto Exchange Raises Capital for User Reimbursements
1.10.2023
The recently hacked Nigerian gift card and crypto exchange platform Patricia said on Sept. 29 that it had raised money to refund users. Some users have reportedly grown impatient with the crypto exchange and are weighing their legal options. Unilateral Conversion of Users’ Funds The Nigeria...
Gary Gensler Explains Why SEC Is Taking Litigation-Heavy Strategy to Regulate Crypto
1.10.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has explained why the securities regulator is taking a litigation-heavy strategy to regulate the crypto industry. The SEC chair insisted that enforcement actions against crypto firms are not brought with a political agenda...
Former US President Donald Trump May Change Crypto Stance Dramatically, Says Ex-SEC Official
1.10.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement says former U.S. President Donald Trump’s anti-crypto stance may change dramatically. He further predicted that if a Republican is elected U.S. president, a Republican-appointed SEC chair would, at...
‘I Won’t Tell if You Don’t’ — SEC Unearths Alleged Scheme by Do Kwon to Fabricate Terra Transactions
1.10.2023
In the wake of the U.S. Securities and Exchange Commission’s (SEC) call to depose Terraform Labs creator and former CEO Do Kwon, the SEC unveiled an alleged exchange between him and his former associate Daniel Shin. The ex-Terra boss reportedly claimed he could fabricate transactions on...
‘FTX Drainer’ Resurfaces: Moves $8M ETH to Defi Platforms
30.9.2023
Per onchain evidence, the culprit dubbed the “FTX drainer” shifted 5,000 ethereum valued at approximately $8 million, gauged by today’s exchange rates. This marked the first movement of the funds in nearly a year, with the malefactor channeling the ether into the decentralized...
FTX hacker's wallet stirs as Ethereum ETFs prepare for U.S. debut
30.9.2023
The data reveals two separate transactions in which the exploiter moved 2,500 ETH, each valued at $4 million
Bitwise announces Ethereum ETF’s launch on October 2
30.9.2023
Bitwise stated that this move will enable investors to access CME Ether futures within the widely embraced and regulated ETF framework
Paypal Selects Crypto.com as ‘Preferred Exchange’ for PYUSD Stablecoin
30.9.2023
Paypal has chosen Crypto.com as the “preferred exchange” for its recently launched stablecoin issued by the blockchain company Paxos. The partnership with the trading platform seeks to prop the U.S. dollar-pegged cryptocurrency which has already listed the coin and provides liquidity for...
Paradigm accuses SEC of bypassing rules in Binance lawsuit
30.9.2023
Paradigm claimed the SEC is attempting to use the allegations in its complaint to alter the law without adhering to the established rulemaking process
Do Kwon dismisses Slack chat records as irrelevant evidence
30.9.2023
Slack conversations between Terraform Labs' co-founders Do Kwon and Daniel Shin have exposed their contemplation of orchestrating fraudulent transactions on the Terra blockchain
SEC Delays Decisions on More Bitcoin ETFs Including That of Blackrock
30.9.2023
U.S. Securities and Exchange Commission (SEC) has postponed its decisions on the spot bitcoin exchange-traded funds (ETFs) proposed by several companies. The delays of the applications of financial powerhouse Blackrock, asset manager Valkyrie and others come ahead of an expected government shutdown...
Four More Arrests Made in JPEX Crypto Exchange Probe, Total Detentions Now at 18
30.9.2023
In a recent development, police in Hong Kong and Macau have apprehended four more individuals linked to the ongoing JPEX crypto exchange case, as reported by the South China Morning Post on Friday.
Of the four arrests, two took place in Hong Kong, while Macau Police made the remaining two. This...
CFTC Indicts Mosaic Exchange Founder for Running Fraudulent Crypto Operations
29.9.2023
The US Commodity Futures Trading Commission (CFTC) has announced a civil enforcement action against a crypto trading platform called Mosaic Exchange Limited and its owner, Sean Michael.
In a press release dated September 27, the CFTC disclosed that the Pennsylvania-based limited liability company...
Crypto Biz: Kraken offers stock trading as exchanges adapt to changing regulations
29.9.2023
This week’s Crypto Biz explores Kraken’s securities arm, Gemini’s expansion in India, Binance’s return to Belgium, and an oil company in Argentina investing in crypto mining
FTX’s $3.4B crypto liquidation: What it means for crypto markets
29.9.2023
Bankrupt crypto exchange FTX has been approved to liquidate nearly $3.4 billion worth of crypto assets, creating a sense of panic among crypto investors, but experts say the phased liquidation schedule will ensure market stability
JPEX Crypto Exchange Probe Sees 4 More Arrests: SCMP
29.9.2023
Hong Kong and Macau authorities say they've detained people closely linked to the scandal linked to the crypto exchange, bringing total arrests to 18
Coinbase gets regulatory consent by Bermuda Monetary Authority
29.9.2023
Coinbase International Exchange has obtained regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures to eligible non-U.S.-based retail consumers. Coinbase, which is recognized as the most secure and dependable crypto-based company, is now prepared to operate with...
Binance Ending Operations in Russia — Crypto Exchange to Focus on 100+ Other Countries
29.9.2023
Crypto exchange Binance is closing down all exchange services and business lines in Russia. The company has entered into a sales agreement with Commex. A Binance executive explained that operating in Russia is not compatible with the company’s compliance strategy. “We remain confident in...