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South Korean Police Seize Shares From Major Bithumb Shareholder


South Korean police have seized shares in Bithumb, the country’s biggest crypto exchange. The shares belong to Bithumb Korea director and major shareholder Kim Byung-Geon. According to a local media report, the police raid – the third on the exchange this month – follows...

Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year


The world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50%...

SWIFT Says Criminals Prefer Cash for Money Laundering, Not Cryptocurrency


A new report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) says cryptocurrency is seldom used for money laundering activities compared to fiat or other traditional methods. Despite the perception that crypto assets are a preferred haven for illegally acquired funds...

Ethereum Whales Almost Double Their Holdings in A Month – Report


The largest holders of ethereum (ETH) tokens have become even larger, with a near-doubling of their bags over the course of August, new data from on-chain analysis firm Santiment showed. Looking at the holdings of the largest non-exchange ETH wallets, the firm found that holdings increased by...

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