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Taiwan’s ACE Exchange in Hot Water as Prosecutors Expand Fraud Probe
24.1.2024
Taiwanese prosecutors have expanded their investigation into ACE Exchange, requesting the detention of Chenhuan Wang, the president of the platform. The prosecutors have accused Wang of money laundering and fraud in connection with the alleged fraudulent activities orchestrated by David Pan,...
Gate.io’s Proof of Reserves Report Reveals $4.3B in Assets with 115% Reserve Ratio for 171 Assets
24.1.2024
Jan. 24th, Panama – Gate.io, a leading crypto exchange and Web3 innovator, has released its January 2024 Proof of Reserves (PoR), verifiably demonstrating $4.3 billion in total held assets with a ratio of 115.47%, representing over $584 million retained in excess of user deposits. The latest...
Number of Crypto Owners Globally Reached 580 Million in 2023, Report Shows
24.1.2024
The number of global crypto owners surged 34% in 2023, reaching 580 million by December, a new report shows. In particular, bitcoin ownership surged 33% while Ethereum saw an even steeper rise of 39%. The report pinpoints the approval of spot bitcoin exchange-traded funds (ETFs) and the Bitcoin...
SEC Got SIM Swapped: How Hacker Gained Control of SEC’s X Account
24.1.2024
The U.S. Securities and Exchange Commission (SEC) has admitted that a SIM swap attack compromised its X account, where a fake announcement about the approval of spot bitcoin exchange-traded funds (ETFs) was posted. “The unauthorized party obtained control of the SEC cell phone number...
Peter Schiff Says All Spot Bitcoin ETFs Are Now in Bear Markets — Warns of Deeper Losses
24.1.2024
Gold bug and economist Peter Schiff has warned of deeper losses for spot bitcoin exchange-traded funds (ETFs), emphasizing that they are “now in bear markets.” Referencing the Proshares Bitcoin Strategy ETF which is down more than 50% in over two years, Schiff predicted that those...
OKB Flash Crash Wipes Out $6.5B In Minutes, OKX Vows to Reimburse Traders
23.1.2024
The OKB flash crash on the OKX exchange wiped out billions in market value within minutes before a swift rebound. Image by Dennis, Adobe Stock. In a major crash that shocked traders, the OKB price dropped over 50% within 15 minutes on January 23, wiping out $6.5 billion in diluted market...
GBTC Experiences Record Bitcoin Outflow; Blockguard CEO Advises Investor Calm Amidst Market Shift
23.1.2024
Grayscale’s spot bitcoin exchange-traded fund (ETF), known as GBTC, has experienced increased outflows since its recent update. Present data reveals that a substantial 14,292.18 bitcoin, valued slightly above $556 million, exited the fund after Monday’s trading activities. GBTC Sees...
Crypto Exchange OKX's Token Suffers 50% Flash Crash Amid Liquidation Cascade
23.1.2024
The exchange said that it will compensate impacted users within 72 hours
Coinbase Begins Technical Assessment to Onboard New Ethereum Execution Client for Diversity
23.1.2024
Digital asset exchange Coinbase has revealed its effort toward Ethereum execution client diversity after users complained about the platform’s overreliance on Go.Ethereum (Geth). In a Jan 23 X (formerly Twitter) post, Coinbase quelled community concerns about the dominance of Geth as the only...
SEC Blames Social Media Account Hack on ‘SIM Swap’ Attack in Fake Bitcoin ETF Post
23.1.2024
The US Securities and Exchange Commission (SEC) has revealed that its social media account on X fell victim to a “SIM swapping” attack in relation to the false post about the approval of Bitcoin exchange-traded funds (ETFs) earlier this month. The incident, which occurred on January...
Bitget Unveils New Messi Film to Kick off Second Year of Messi Partnership
23.1.2024
PRESS RELEASE. Victoria, Seychelles, Jan 23, 2024 – Bitget, the world’s leading cryptocurrency exchange and Web3 company, today launches a new brand film about the internationally recognized footballer Lionel Messi to kick off their second-year partnership, with a continuation of the theme...
Regulators’ crypto control sets Binance and SEC on opposite ends
23.1.2024
The Securities and Exchange Commission (SEC) stood by its decision to investigate specific cryptocurrency assets, while Binance, the world’s largest cryptocurrency exchange, petitioned a federal judge to dismiss the matter entirely. This might open the way for the SEC to mark its territory...
Mt. Gox Confirms Users Bitcoin Account Ownership, Repayments to Continue
23.1.2024
Mt. Gox is expected to continue repaying creditors throughout 2024. This was revealed through emails showing the defunct exchange confirming user Bitcoin accounts ahead of the next repayment phase. According to users’ Reddit posts on Jan 22, the exchange informed affected parties that...
As ‘2024’ Token Pumps Up 20,000%, This Other Meme Coin is About to List on a New Exchange
23.1.2024
In a stunning sign of life for Solana meme coin markets, 2024 token has mounted a huge +20,000% price come back to mount a new all-time high, and now 2024 price analysis reveals this other meme coin could be next. This comes after weeks of capitulative price action gripped the promising 2024 token...
Bitcoin ETFs Gain Momentum in Asia Post U.S. Approval
23.1.2024
As the first Bitcoin spot price exchange-traded funds receive historic approval in the United States, Asian industry leaders, particularly in Hong Kong, are actively exploring similar crypto products. BitGo’s APAC Director Abel Seow told Cryptonews that they are witnessing an increased interest...
Solve the Riddle: Gemini’s Series of Posts on XRP Signals Possible Relisting
23.1.2024
Source: Pixabay Crypto exchange Gemini, founded by the Winklevoss twins, is possibly trying to relist Ripple (XRP) token, crypto community speculates. In a series of posts on X (formerly Twitter), Gemini expressed its interest in the token, hinting a possible expansion of XRP trading options....
Crypto Prices Stabilize as SEC Approval of ETFs Ends Speculation and Reduces Volatility: Fineqia
23.1.2024
Bitcoin’s price has stabilized, closing the week at around $41,600, experiencing a marginal 0.4% decline compared to the previous week’s closing value of approximately $41,750. The reduced volatility can be attributed to the recent approval of ETFs by the SEC, putting an end...
Ripple Asks Judge to Deny SEC’s New Discovery Requests Concerning XRP
23.1.2024
Ripple Labs has opposed the requests by the U.S. Securities and Exchange Commission (SEC) for post-compliant discovery concerning XRP. Ripple argued that the regulator’s requests are “untimely” and “the SEC has failed to justify each of its requests on...
Spot Bitcoin ETFs Record $4B in Inflows as Incumbent Crypto Fund Issuers Lose $2.9B
22.1.2024
Source: AdobeStock Spot Bitcoin exchange-traded fund (ETF) is garnering rising interest, but crypto fund incumbents are on the losing side of the equation. CoinShares’ Digital Asset Fund Flows Weekly Report on Jan 22 disclosed a substantial $4.13 billion in inflows since the launch of the first...
Coinbase CLO Warns Pokémon Might Be Key in Rejecting SEC’s Expanded Security Definition
22.1.2024
Paul Grewal, CLO of Coinbase, believes collectibles, like Pokémon cards, might be essential in rejecting the expanded definition of what the U.S. Securities and Exchange Commission (SEC) claims to be a security. To Grewal, these cards are also part of an ecosystem fueling their value,...