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SEC in Philippines: Binance is Operating Without a License – Here’s the Latest
29.11.2023
Source: Iryna Budanova/Adobe The Securities and Exchange Commission in the Philippines has warned users that cryptocurrency exchange, Binance is operating without the required license. In a Nov 28 press release, the regulator stated that the exchange lacks authorization to sell securities to...
SEC Seeks Public Feedback For Franklin Templeton and Hashdex Spot Bitcoin ETFs
29.11.2023
Source: Adobe The United States Securities and Exchange Commission (SEC) wants public opinion on the spot Bitcoin (BTC) ETF applications of Franklin Templeton and Hashdex. In an announcement on Nov 28, the Commission highlighted the next phase in the scrutiny of spot BTC ETF applications filed...
Apple Ends Partnership With Goldman Sachs as Tech Giant Expands into Lending
29.11.2023
Source: Adobe / twinsterphoto Apple has decided to terminate its credit-card partnership with Goldman Sachs as the tech giant pushes deeper into consumer lending. Apple recently submitted a proposal to Goldman Sachs, outlining its intention to exit the contract within the next 12 to 15 months...
Ukrainian Lawmakers Mull Two Crypto Tax Bills
29.11.2023
Source: Mariana Ianovska/Adobe Ukrainian lawmakers are set to debate two crypto tax bills, as Kyiv looks to raise money from crypto traders. Per Minfin and PSM7, Yuriy Boyko, a member of the National Commission on Securities and the Stock Market, confirmed that the regulator was the author of...
Coinbase’s Custody Success: A Major Player in Nearly Every U.S. Bitcoin ETF Application
29.11.2023
Source: Adobe / prima91 Over a dozen asset managers have applied to launch a Bitcoin spot ETF in the United States this year – and Coinbase is poised to serve as custodian for virtually all of them. The firm’s custody arm, Coinbase Custody, is listed as a custodian in the S-1 registration forms...
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...
Spain’s Crypto Users to Declare Digital Assets on Foreign Platforms as Tax Agency Updates Guidelines
28.11.2023
Source: alexlmx/Adobe Spain’s tax administration agency, popularly called Agencia Tributaria has released new rules governing digital asset reporting in the country that will see holders declare their foreign-held assets. The tax agency released form 721, a tax reporting form for users that hold...
Hong Kong Police Receive 145 Complaints of Hounax Crypto Scam Totaling $18.9M
28.11.2023
Hong Kong authorities confirm 145 victims and nearly $19 million lost in crypto scam involving unlicensed exchange Hounax. Image by Alexey Novikov, Adobe Stock. Authorities in Hong Kong have confirmed that 145 individuals filed complaints regarding losses from an unlicensed cryptocurrency exchange...
TORN Token Price Tanks 60% Following Binance Delisting News – Here’s What Happened
28.11.2023
Source: Adobe / maurice norbert TORN, the governance token of the Ethereum-based coin mixing protocol Tornado Cash, lost more than half of its value within just an hour on Monday after Binance said it would delist the token. From trading at a price right around $4 at 6 am UTC time on Monday, TORN...
HSBC, Hang Seng Join China’s Digital Yuan Pilot
28.11.2023
Source: Eagle/Adobe The international banking giants HSBC and Hang Seng Bank have joined China’s digital yuan pilot. 21st Century Business Herald reported that a group of “four foreign banks” have “officially announced the launch of digital yuan business.” HSBC’s Chinese arm confirmed...
South Korean Police Shut Down ‘170-victim Robot-themed Crypto Scam’
28.11.2023
Source: DrArt/Adobe Police in South Korea have arrested a group of people they suspect of duping 170 “crypto investors” – by posing as cryptoasset-issuing robot developers. Per Joongang Ilbo, the Jeonnam Police Agency, officers made at least two arrests, with a 63-year-old and a 36-year-old charged...
Max Keiser Walks Back Bid to Get Bukele and Argentina’s Milei to Talk BTC
28.11.2023
Source: Oleksii/Adobe The bitcoiner Max Keiser has apparently retracted his bid to get El Salvador President Nayib Bukele and Argentina’s President-elect Javier Milei to talk BTC. Keiser last week took to X (formerly Twitter) to publicly ask Bukele for permission for the El Salvador Bitcoin “team”...
Standard Chartered to Participate in Trials of China’s Digital Yuan CBDC – Here’s What You Need to Know
27.11.2023
  Source: Adobe/amixstudio Standard Chartered, a British multinational bank, will initiate exchange services for China’s central bank digital currency (CBDC), the digital yuan, as it is set to participate in its trials. On November 27, Standard Chartered announced that it is set...
DEMAND Launches Bitcoin Mining Pool With Stratum V2, Promises Improved Security and Performance
27.11.2023
DEMAND launches Bitcoin mining pool based on new Stratum V2 technology. Image by Fatih Nizam, Adobe Stock. Bitcoin mining company DEMAND announced today the launch of the world’s first Stratum V2 mining pool, built using the open-source Stratum Reference Implementation (SRI). This new pool...
Digital Asset Funds Record $346 Million Inflows as Assets Under Management Surge Past $45.3 Billion
27.11.2023
Source: Adobe / Luisa Cryptocurrency products recorded a massive $346 million in weekly inflows, marking the highest figure in the past nine weeks of consecutive gains. A CoinShares Digital Asset Fund Flows Weekly Report shows a growing bullish sentiment in the market after positive signs from...
Bitcoin User Claims Hack Triggered Record $3M Bitcoin Fee, 139 BTC Lost
27.11.2023
Bitcoin hack drained user’s wallet and forced record $3 million transaction fee payment. Image by Myst, Adobe Stock. A Bitcoin user has come forward claiming they were the victim of a hack that led to the record-breaking $3 million Bitcoin transaction fee paid last week. The anonymous user...
Fed Expected to Take Dovish Stance in 2024 with Over 100 Basis Points of Cuts
27.11.2023
The Fed is expected to cut interest rates by over 100 basis points in 2024 as inflation rates fall, adopting a more dovish monetary policy stance. Image by Monster Ztudio, Adobe Stock. The U.S. Federal Reserve is likely to adopt a dovish monetary policy stance in 2024, according to projections...
The Collision of AI and Crypto Attracts Scammers – What’s Going On?
27.11.2023
Source: Adobe / ZayNyi As the crypto industry continues to evolve, a new wave of scams is emerging, blending the hype of artificial intelligence (AI) with crypto, Kathleen Breitman, co-founder of the Tezos blockchain, has warned. Writing in a commentary piece for Fortune on Sunday, warned of...
New Ethereum L2 Protocol Blast Faces Scrutiny as Paradigm Raises Concerns – Here’s What You Need to Know
27.11.2023
Source: Adobe / lumerb Blast, the newly announced Ethereum (ETH) layer-2 scaling network led by the founder of top NFT marketplace Blur, has faced some controversy despite gaining notable traction. For one, Paradigm, a prominent venture capital firm in the crypto space, has outlined numerous...
SEC Faces Difficulty in Serving Lawsuit to Richard Heart, Hex and PulseChain Founder – What’s Going On?
27.11.2023
Source: Adobe The United States Securities and Exchange Commission (SEC) is encountering difficulties in serving a lawsuit against Richard Schueler, also known as Richard Heart, the founder of Pulsechain, PulseX, and the controversial project Hex. On July 31st, the SEC filed a lawsuit against Heart...