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Mainstream Media Objects to Further Customer Data Redactions in FTX Bankruptcy Case
27.9.2023
Prominent media outlets, including Bloomberg, Dow Jones & Company, The New York Times, and The Financial Times, have raised objections to a joint motion by the debtors and the Official Committee of Unsecured Creditors asking for further data redactions in FTX bankruptcy case. ...
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S Korean Crypto Exchange Exec Jailed for Coin Price Manipulation
27.9.2023
A South Korean court has jailed a former senior executive of the crypto trading platform Coinone for taking bribes in exchange for listing altcoins.
The Seoul Southern District Court sentenced an individual surnamed Jeon (age 41) to four years in prison, Newsis reported.
Jeon was the former...
Taiwan Implements Stricter Regulations, Bans Unregistered Foreign Crypto Exchanges from Operating
27.9.2023
Today, on September 26, Taiwan's financial regulator, the Financial Supervisory Commission (FSC), unveiled new guidelines for Virtual Asset Service Providers (VASPs) aimed at enhancing the protection of cryptocurrency users in the country.
In March, the FSC confirmed its position to closely...
Worldcoin Blows up in Chile; Sign-Ups Exceed 1% of the Population
27.9.2023
Worldcoin, the biometric wallet and ID project, has reported that it has signed up more than 1% of the population of Chile. According to the organization, more than 200,000 Chileans are already using Worldcoin, a popularity uptick shared with other South American countries, including Argentina...
Argentinian Oil Producer Will Mine Crypto with Associated Gas
27.9.2023
Tecpetrol, a major Argentinian oil producer, has announced plans to mine crypto using associated gas.
The Buenos Aires-based firm explores and produces oil and gas in Argentina, as well as other LATAM countries like Venezuela, Bolivia, Ecuador, Mexico, Peru, and Colombia.
And per Rio Negro,...
US Fed Reserve Banks State Stablecoins Could Inject Instability in Economy
27.9.2023
The United States Federal Reserve Banks of Boston and New York have published a data-driven report that delves into the potential impact of stablecoins on the broader economic landscape.
In the 49-page report titled "Runs and Flights to Safety: Are Stablecoins the New Money Market," stablecoins...
Gemini to Halt Crypto Services in the Netherlands Due to Regulatory Pressure - Here's What You Need to Know
26.9.2023
Crypto regulation in the Netherlands has led Gemini to discontinue its services in the country. In an email sent to users today, the exchange announced that it will cease offering its services starting November 17, 2023.
This move comes in response to stipulations put in place by the...
OFAC Blacklists ETH Wallet Operated By Cartel for Illicit Drug Trafficking
26.9.2023
In a new round of sanctions, the US Department of Treasury's Office of Foreign Assets Control (OFAC) has added ten more individuals to its blackbook.
According to a September 26 press release, the US government agency disclosed that many of these individuals were affiliated with an international...
'BitBoy Crypto' Out of Jail And Back on Twitter, Mugshot Pic Goes Viral
26.9.2023
Crypto influencer Ben Armstrong, formerly known as BitBoy Crypto, has been released from jail after spending eight hours there, while his mugshot went viral.
As reported earlier today, BitBoy Crypto was arrested by the police for “loitering/prowling” and for “simple assault by placing another...
Kraken Expands Presence in Europe, Obtains EU E-Money License to Offer Services in Spain and Ireland
26.9.2023
Kraken moves toward a wider European presence with key regulatory steps in Spain and Ireland after it obtained an EU e-money license.
According to a press release on Sept 26, the exchange announced a progression in Europe after it successfully registered with the Bank of Spain for a Virtual Asset...
Bahrain’s Bank ABC using JPMorgan’s Onyx blockchain for cross-border payments
26.9.2023
After two years of experiments, JPMorgan and the Bahraini bank will offer U.S. dollar payment settlement in several countries, with plans to expand to euro service as well
Chase Bans Crypto-Linked Payments for U.K. Clients Starting October 16
26.9.2023
Chase, a digital bank owned by JPMorgan, is set to ban crypto-linked payments through debit cards or outgoing bank transfers for its UK clients starting on October 16, as conveyed in an email sent to customers.
The email noted: "If we think you're making a payment related to crypto assets, we'll...
Crypto Derivatives Platform Bitget Launches ‘Smart Portfolio’ Bot to Boost Returns
26.9.2023
Crypto derivatives exchange Bitget has launched a new intelligent bot – Smart Portfolio – which allows users to rebalance assets based on price volatility, in a move to boost profits.
Rebalancing a crypto portfolio effectively is important to manage risks, trade in line with investment objectives...
SEC Opposes Celsius Plan to Use Coinbase as Distribution Agent for International Customers
26.9.2023
On Monday, September 25, the United States Securities and Exchange Commission (SEC) opposed the crypto firm Celsius Network's proposal to involve Coinbase as part of its bankruptcy and reorganization plan.
Last week, in the Friday lawsuit, Celsius stated its plans to use Coinbase to distribute...
Crypto-Friendly UK Home for Financial Innovation, Ripple Co-Founder Says
26.9.2023
The United Kingdom is “a home for financial and technological innovation,” according to Chris Larsen, co-founder and executive chairman of US fintech and blockchain firm Ripple.
The comment from Ripple’s co-founder came in response to a video shared by UK Chancellor Jeremy Hunt on social media...
Optimism Plunges 9.29% Ahead of $30 Million Token Unlock -What’s Going On?
26.9.2023
Ethereum layer 2 network Optimism faces headwinds as its price slumps nearly 10% in the week ahead of the planned token unlock on Sept 30.
At press time, the price of OP exchanges hands at $1.26 falling by 9.29% over the past seven days. After a sharp fall slightly above 3% yesterday, the token...
Nine Crypto Firms in Taiwan Form Working Committee to Foster Regulatory Push
26.9.2023
Taiwan’s crypto community is coming forward to establish a working group in mid-October to “effectively integrate” digital currency adoption and self-compliance, in a move to “establish an effective and smooth communication channel with the government.”
According to a press release, nine...
Layer 2 Network Optimism Announces $26 Million Airdrop to 31,870 Wallets
26.9.2023
Layer 2 network Optimism announced the third airdrop of OP tokens to 31,870 qualified addresses aimed at bolstering community participation.
In an announcement on X (formerly Twitter), the company stated that the airdrop will see it allocate 19.4 million OP tokens approximately $26 million...
Crypto Exchange Gemini Unveils $24 Million Investment Plan to Expand Presence in India
26.9.2023
Crypto exchange Gemini has unveiled plans to significantly expand its presence in India by investing INR 200 crore (approximately $24 million USD) over the next two years.
The move comes as Gemini inaugurates its office within the Cyber Hub at Campus Cyber Greens in Gurgaon.
Currently, Gemini...
Sam Bankman-Fried's Legal Team Once Again Files for Temporary Release as Trial Approaches
26.9.2023
The defense team representing Sam Bankman-Fried has renewed their plea for his temporary release ahead of the highly anticipated trial.
The request, outlined in a recent court filing, cites challenges faced by Bankman-Fried's attorneys in preparing a defense while their client remains...