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Turkish Central Bank Releases First Phase of its CBDC Evaluation Report
21.2.2024
The phase 1 of digital Turkish lira involved preliminary tests of strategic technologies, the central bank of Turkey noted.
The post Turkish Central Bank Releases First Phase of its CBDC Evaluation Report appeared first on Cryptonews
Crypto Super PAC Fairshake Raises $4.9M From Winklevoss Twins: Report
21.2.2024
Fairshake, a super political action committee (PAC), has now received funding of a total of $4.9 million from billionaire twins Cameron Winklevoss and Tyler Winklevoss, Bloomberg reported
Switzerland Is Now ‘Home to 13 Crypto Unicorns’ – Report
21.2.2024
Crypto “unicorns” are springing up in Switzerland, with a recent report claiming the nation is now home to 13 token-related firms worth $1 billion or more.
The post Switzerland Is Now ‘Home to 13 Crypto Unicorns’ – Report appeared first on Cryptonews
UK Prosecutors Challenge Defendant’s Claim of Innocence in $6.3 Billion Bitcoin Laundering Case
20.2.2024
UK prosecutors are challenging the claims of a British-Chinese national who says she had “no idea” she was part of a $6.3 billion Bitcoin money laundering plot. The 42-year-old dual national Jian Wen has pled not guilty to three counts of money laundering on behalf of her former...
New Lawsuit Alleges SBF Had Access to ‘Secret’ Credit from Bahamian Bank Deltec to Buy Tether: Bloomberg
19.2.2024
Bahamian bank Deltec is facing a new lawsuit claiming it provided a ‘secret’ line of credit to FTX fraudster Sam Bankman-Fried that allowed him to buy Tether, a February 17 Bloomberg report reveals.
The post New Lawsuit Alleges SBF Had Access to ‘Secret’ Credit from Bahamian Bank...
Latam Insights: Mexican Billionaire Ricardo Salinas’ Bitcoin Investment Advice, Bitso’s Latam Trends Report
19.2.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Mexican billionaire Ricardo Salinas Pliego offers bitcoin investment advice, Bitso’s report finds Latam is a bitcoin region, and Honduras bans...
Revolut To Roll Out “Invite-Only” Crypto Exchange
16.2.2024
Banking services provider Revolut is set to debut a new “invite-only” crypto exchange, according to a February 16 report. A U.K.-based customer email confirmed by CoinDesk stated that Revolut is launching a new crypto exchange with advanced traders in mind. Revolut’s ‘Standalone’...
New Star Wars Bounty Hunter Game Coming From Respawn, Says Report
16.2.2024
After developing two of the best Star Wars games in recent memory with 2019’s Jedi: Fallen Order and its sequel, 2023’s Survivor, Respawn Entertainment is reportedly working on another title set in a galaxy far, far away. Insider Gaming reports that the title will be a first-person game focused...
Bitcoin Should Remain Well-Supported On Institutional Inflows For Several Months: Coinbase Research
16.2.2024
Coinbase research analysts project adequate support for Bitcoin (BTC) in the market for the next three to six months due to institutional inflows. The institutional research arm of the digital asset exchange explained the trajectory of Bitcoin, Ethereum, and other on-chain data post-ETF approvals...
Nearly Two-Thirds of Crypto Projects Meet their Demise, New Research Finds
16.2.2024
Nearly two-thirds of crypto projects to launch in the past several years have met their demise, according to a recent analysis of over 12,000 cryptocurrency projects. The report, conducted by AlphaQuest and Storible, found that 72% of projects born during the 2020-2021 bull run have failed....
Coinbase Transaction Revenue Hits New High, Surpassing Q4 Expectation – Crypto Adoption Rising?
16.2.2024
In its quarterly report to shareholders, Coinbase posted a 64% jump in transaction revenue to take in $529.3 million in Q4, 2023. The increase in transactions was due to anticipation for the launch of spot Bitcoin exchange-traded funds (ETFs). Widely considered an important step in Bitcoin’s...
Fidelity expects institutions to choose DeFi yields in a report
16.2.2024
Fidelity published a report stating the 2024 outlook, wherein it expects institutions to move an inch closer to DeFi Yields if the Fed starts cutting rates. Additionally, an increase in stablecoin yields could also make the segment more attractive for institutions. However, the rate cut will have...
Cathie Wood’s ARK Sells More Coinbase Stock Amid Bitcoin Surge
16.2.2024
ARK Invest, the asset management firm led by prominent Bitcoin (BTC) advocate Cathie Wood, has sold a significant amount of Coinbase stock ahead of the crypto exchange’s impressive earnings report. According to a filing on Thursday, ARK Invest sold $34.3 million worth of Coinbase shares from...
Jupiter’s Compliance Team Blocks Crypto ETP Investment: Report
16.2.2024
Jupiter Asset Management’s compliance team blocked its team from having any exposure to a cryptocurrency exchange-traded product (ETP) in one of its Irish UCITs funds, according to a Financial Times report. The reason for blocking investment was due to, “divergent regulatory approaches in the EU.”...
Chainalysis Report: Crypto Value Sent From Illicit Addresses Dropped by Nearly $10 Billion in 2023
16.2.2024
According to Chainalysis’ report on money laundering trends, the value of crypto transferred by illicit addresses in 2023 fell by nearly $10 billion from $31.5 billion to the latest $22 billion. The report attributes the drop to the overall decline in both legitimate and illicit crypto...
51% Attacks on Bitcoin and Ethereum Networks Are Not Possible Due to Impractical Costs: Coin Metrics
16.2.2024
It is no longer viable for nation-states to destroy the Bitcoin (BTC) and Ethereum (ETH) networks through 51% attacks. According to the latest research from crypto intelligence firm Coin Metrics, the astronomical costs required to carry out such attacks make them impractical and unprofitable. A...
Sean Patrick Maloney Will Stop Working on Crypto Issues If Confirmed as OECD Ambassador: Report
15.2.2024
Sean Patrick Maloney pledged last week to stop advising on crypto issues if he is confirmed as U.S. representative to the Organization for Economic Cooperation and Development (OECD). Maloney reportedly sent a letter to Massachusetts Senator Elizabeth Warren on February 9, committing to resign from...
Crypto Money Laundering Dropped Almost 30% in 2023: Chainalysis
15.2.2024
Illicit cryptocurrency transactions fell roughly 30% in 2023, according to Chainalysis’ newly released 2024 Crypto Crime Report. This decrease signals a major shift in crypto money laundering trends. The report also stated that total funds sent between illicit addresses dropped by 14.9%...
Citi Innovates with Avalanche Blockchain to Tokenize Private Equity Funds
15.2.2024
Big four American banking giant Citi has just completed a proof-of-concept (PoC) to tokenize traditional finance (TradFi) assets and distribute them on blockchain. The multinational investment bank and financial services corporation used Avalanche’s Evergreen subnet Spruce “for...
U.S. Treasury Backtracks on Claims of Hamas Using Crypto for Terrorism Financing
15.2.2024
The US Treasury’s Undersecretary for Terrorism and Financial Intelligence, Brian Nelson, confirmed in a testimony before the House Financial Services Committee that the media and Washington lawmakers exaggerated earlier reports of Hamas using crypto to fund terrorist activities....