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Bitcoin Price Jumps as Net Inflow into BTC Spot ETFs Rises + More Crypto News
12.2.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s edition: Bitcoin Price Jumps as Net Inflow into BTC Spot ETFs Rises COCA Launches Virtual Cards Following Massive Sign-Up in Early Access Program Fine Wine...
SEC and NASAA Clamp Down on TradeStation with Hefty $3M Crypto Fine
8.2.2024
The Securities and Exchange Commission (SEC) has taken action against TradeStation Crypto for failing to register the offer and sale of a cryptocurrency lending product that promised investors the opportunity to earn interest. On Wednesday, the Florida-based company agreed to settle the charges...
Binance Regains Trading Volume Market Share Following Settlement with US DOJ
30.1.2024
Cryptocurrency exchange Binance has experienced a notable recovery in its trading volume market share, rebounding to 49% two months after settling its case with the United States Department of Justice and paying a $4.3 billion settlement fine. The data, provided by crypto research firm Kaiko...
South Korean ‘Crypto Drug Dealer’ Jailed for 7 Years
25.1.2024
A South Korean court has sent a drug dealer who sold narcotics to crypto-paying “customers” to jail for seven years. Per the news agency Yonhap, the Criminal Division of the Busan District Court also ordered the unnamed individual – referred to by the media as “A” – to pay a fine of over $9,000....
Genesis Global Trading Settles With New York for $8M Over Regulatory Non-Compliance, Forfeits Bitlicense
12.1.2024
According to the New York State Department of Financial Services (DFS), Genesis Global Trading has agreed to a settlement fine of $8 million and will forfeit its New York state Bitlicense as part of the agreement over compliance failures. Adrienne Harris, the DFS Superintendent said Genesis...
FINRA Action: Interactive Brokers hit with $3.5M fine for price violations
29.12.2023
FINRA, an acronym for Financial Industry Regulatory Authority, works for investors and firms, enabling them to participate in trading practices safely. In order to regulate member brokerage firms and exchange markets, FINRA has the support of technology and expertise. Interactive Brokers is...
Sotheby’s Reports Close to $35 Million in Digital Art Sales for 2023, Declares It ‘One of the Most Exciting Years’
25.12.2023
Source: A screenshot, Instagram/ Sothebys Sotheby’s, the renowned auction house with a rich history spanning 279 years, has made a significant impact on the digital art market in the current year. Fine arts auction house Sotheby’s reported making “close to $35 million”...
Judge Approves Settlement: Binance to Pay $1.5 Billion to CFTC, CZ to Pay $150 Million Fine
19.12.2023
Source: Pixabay In a significant legal development, Judge Manish Shah of the U.S. District Court for the Northern District of Illinois has issued a verdict ordering cryptocurrency exchange Binance and its former CEO, Changpeng “CZ” Zhao, to pay a staggering $2.85 billion to...
Exclusive: Micapass CEO Gintarė Košubienė Discusses AML Compliance Shift in Crypto Post-Binance Fine
14.12.2023
The cryptocurrency industry is on the brink of a transformative shift in Anti-Money Laundering (AML) compliance, a change propelled by the recent landmark fine imposed on Binance and its CEO, Changpeng Zhao. The recent anti-money laundering case involving Binance and its former CEO, Changpeng Zhao...
KuCoin to Shutter Services in New York After $22 Million Settlement Package – Here’s the Latest
12.12.2023
Source: Pexels The KuCoin crypto exchange is set to shutter its operations in the ‘Big Apple’ following an agreement with the Supreme Court of the State of New York County. Besides restricting access to its platform for New York residents, KuCoin has agreed to pay a $5.3 million fine...
Sotheby’s Announces Auction of Bitcoin-Based ‘Bitcoinshrooms’ Collection
7.12.2023
Sotheby’s, the world’s oldest fine art auction house, recently declared its intention to conduct an auction featuring Bitcoin-based Ordinal inscriptions, marking a first in the auction house’s history. This online event is set to commence in December at Sotheby’s...
Crypto Firms Should Use Binance’s Settlement As a “Template” For How to Operate, Says CFTC Commissioner Kristin Johnson
5.12.2023
Source: Pixabay Binance’s $4.3 billion fine from the Commodity Futures Trading Commission should be used as a “template” for how to operate, CFTC Commissioner Kristin Johnson said. Speaking at the Financial Times’ Crypto and Digital Assets Summit: Winter Edition on Tuesday, Johnson asserted that...
Crypto Billionaire Arthur Hayes Says Binance Fine Highlites the “Arbitrary” Nature of Punishments in the US
28.11.2023
Source: a video screenshot, Youtube BitMEX founder Arthur Hayes has voiced concerns about the arbitrary nature of punishments in the United States, using the recent Binance fine as an example. In a recent blog post, Hayes argued that the treatment of Binance and its former CEO, Changpeng Zhao...
Crypto Isn’t Going Anywhere: Industry Leaders Optimistic Despite Binance Crackdown
22.11.2023
Source: Adobe / XaMaps Following Binance’s massive $4.3 billion fine and founder and CEO Changpeng “CZ” Zhao’s decision on Tuesday to step down from the company, industry leaders have been reassuring the community that crypto is here to stay, and that it’s likely to come out even...
Matrixport: Binance Plea Deal Boosts Approval Odds for Bitcoin Spot ETF
22.11.2023
Source: AdobeStock / JorgeEduardo Binance CEO Changpeng Zhao has entered a guilty plea, agreeing to a $50 million fine, while Binance itself is set to pay a $4.3 billion penalty. CZ’s sentencing hearing is scheduled for February 23, 2024, where he may face prison time of up to 18 months. This comes...
Is Binance Big Enough to Survive a $4.3B Fine and Founder CZ’s Ousting?
22.11.2023
Binance, Changpeng 'CZ' Zhao to Pay $2.85B Fine in CFTC Settlement
21.11.2023
Crypto exchange Binance and its founder, Changpeng "CZ" Zhao will pay nearly $3 billion in fines to the Commodity Futures Trading Commission to settling the regulator's lawsuit against it. The company is also settling with the U.S. Department of Justice and Treasury Department in parallel actions...
Report: US Crypto Exchange Coinbase Fined for Refusing to Localize Russian Users’ Data
18.11.2023
The U.S. cryptocurrency exchange Coinbase was recently hit with a fine exceeding $11,000 by a Russian court. The fine stems from the crypto exchange’s refusal to comply with a law that requires foreign companies to localize data of their respective Russian users or customers. Localizing...
NetMind AI Unveils the Beta Version of Netmind Power For Decentralized Machine Learning
16.10.2023
PRESS RELEASE. The AI-focused tech start-up NetMind.AI has launched the Beta version of Netmind Power, a decentralized platform which allows machine learning (ML) researchers and practitioners to train and fine-tune ML models by leveraging a network of volunteer computing resources distributed...
Biggest Crypto Gainers Today on DEXTools – Calcium, FINE, Tyrion.finance
28.9.2023
The price of Bitcoin has held steady this week even as stocks have tumbled, a divergence that some analysts say could signal more pain ahead for the cryptocurrency market.
The Dow Jones Industrial Average has fallen by 1.72% so far in the weekly candle, and the S&P 500 has dropped by 1.64% due...