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Celsius valuation advisor approves value of debtors’ assets and liabilities
28.9.2023
Stout Risius Ross, LLC, the valuation advisor for Celsius Network confirmed the accuracy of the bankrupt firm's valuation report
Police Make 12 Arrests, Seize $1 Million in Cash and $9.8 Million in Assets in JPEX Case
28.9.2023
On Tuesday, Hong Kong police announced the arrest of 12 suspects in connection with the JPEX cryptocurrency exchange platform scandal.
During a press conference on Wednesday, Chris Tang Ping-Keung, the Secretary for Security of Hong Kong, reassured the public that the police are fully committed...
US Crypto Exchange Kraken Wins ‘Milestone’ Regulatory Approvals in Europe
28.9.2023
Cryptocurrency exchange Kraken announced new achievements in implementing its strategy to pursue expansion on the European market. The U.S. trading platform for digital assets said it has received regulatory nods from the monetary authorities of Ireland and Spain, two of the EU nations with...
Mixin’s $20 Million Plea: Platform Transmits Onchain Bid to Reclaim Stolen Assets
27.9.2023
After a cyberattack resulted in a staggering $200 million loss from the decentralized exchange (dex) platform Mixin, the company revealed that its cloud service provider had been compromised. In a bid to recover the stolen funds, Mixin is now extending a $20 million reward to the hacker upon...
Hong Kong police recover $11M worth of assets in JPEX case: Report
27.9.2023
The JPEX scandal has grown to become one of the largest fraud cases in the country, with over 2,300 victims and losses estimated at over $175 million
Bernstein: Crypto Funds Poised for 13x Growth: From $50B to $650B in 5 Years
27.9.2023
Bitcoin and crypto asset funds currently represent a niche market with an estimated worth of $50 billion, as highlighted by Bernstein Research. Yet, under the leadership of Gautam Chhugani, Bernstein’s team of analysts anticipates these funds may oversee between “$500-650 billion...
Treasury Sanctions Ethereum Wallet Used by Sinaloa Cartel to Launder Fentanyl Financing
26.9.2023
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned an Ethereum wallet used by the Sinaloa Cartel to launder money from fentanyl sales in the U.S. Mario Alberto Jimenez Castro, an accused money launderer for the cartel’s Los Chapitos faction, allegedly...
Crypto exchange Binance reopens exchange services in Belgium
26.9.2023
In June, Binance was ordered to halt its services in Belgium "with immediate effect," leading to the exchange redirecting Belgian users to its Binance Poland entity
Senator Gillibrand Rallies Democrat Colleagues to Adopt Digital Assets Regulation
25.9.2023
Senator Kirsten Gillibrand is in talks with her Democrat colleagues in the Senate to support cryptocurrency regulation amid speculations of a government shutdown.
Speaking at the Mainnet Conference on Sept 22, Gillibrand noted that she is on track to convince her party members to embrace more...
Decentralized Exchange Mixin Kernel Confirms Hack on Its Platform Involving Approximately $200M
25.9.2023
Mixin Kernel confirmed on Sept. 25 that it was the victim of a hacking attack which had resulted in the loss of assets on the mainnet. The decentralized exchange said it has since suspended deposit and withdrawal services and only expects to restore normal services once a probe into the incident...
Mixin Network Founder Addresses $200 Million Hack, Says Only Half of User Assets are Safe
25.9.2023
Mixin Network's founder Feng Xiaodong addressed the $200 million hack in a livestream saying that they could initially ensure the security of only half of its users' assets.
Mixin Network revealed a massive hack earlier today on the database of its cloud service provider, compromising users’...
Coinbase Registers as Crypto Exchange and Wallet Provider in Spain
25.9.2023
U.S.-based crypto exchange Coinbase has obtained a registration in Spain that will allow it to offer a range of services for digital assets. The authorization fits into the company’s current strategy for global expansion through acquiring local licenses and tailoring products for specific markets....
Mixin Network hack drains $200M from mainnet assets
25.9.2023
Mixin Network suspended all deposits and withdrawals and will restart the services “once the vulnerabilities are confirmed and fixed.”
Client Demand and ‘Negative Events’ Pushing Tradfi Institutions Towards Crypto — Bitrue Chief Strategy Officer
23.9.2023
Growing client demand for cryptocurrencies and the belief that they represent a new asset class help to explain traditional financial institutions’ newfound interest in digital assets, the chief strategy officer at Bitrue has said. The collapse of FTX and Terra Luna in 2022 and the resulting...
Hungarian Authorities Seize Crypto Worth $1M in Tax Fraud Case
23.9.2023
Hungarian authorities have seized cryptocurrency worth over $1 million from a criminal organization in a value-added tax (VAT) fraud case. The authorities raided 28 locations, arrested three suspects, and seized various assets tied to the group. The seized cryptocurrencies were transferred to...
Coinshares Unveils New Crypto Hedge Fund Division, Widens Institutional Services to US
23.9.2023
Coinshares, a European digital asset manager, is moving into the U.S. with a new hedge fund division aimed at institutional investors. The firm, based in Saint Helier, Jersey, intends to offer comprehensive services for institutions exploring crypto assets. Coinshares Expands to U.S. With New Hedge...
Digital Assets Worth Billions Still Secure Despite Rise in Cyber Attacks — Former Microsoft Security Lead
22.9.2023
A former Microsoft Security Lead has insisted that a great proportion of digital assets worth billions of dollars are secure and are being “safely managed by hundreds of protocols.” The security expert suggested that protocols also need to have a platform that allows users to rate...
South Korean’s Busan to Launch Digital Assets Trading Platform ‘This Year’
22.9.2023
The South Korean city of Busan says it will launch a long-awaited blockchain-powered digital assets trading platform before the year is over.
Per Meil Kyungjae, Busan city officials told reporters this week that they want to create a “fourth-generation blockchain-powered exchange” that “can...
ZK-Rollup Coin Sector’s Value Plummets by 46% in 7 Months
21.9.2023
At the outset of the year, cryptocurrency assets linked to the realm of ZK-rollups commanded significant attention. In February, the market capitalization of the ZK-rollup coin ecosystem reached a substantial $13.7 billion. However, the subsequent months witnessed a stark transformation, with...
Report: Bhutan Commences Plan to Develop 600-Megawatt Bitcoin Mining Farm
21.9.2023
The Himalayan Kingdom of Bhutan along with its partner Bitdeer Technologies Group has reportedly kickstarted plans to develop a 600-megawatt crypto mining farm. Bitcoin mining in the kingdom is expected to “equip citizens to participate in the modern global economy from within Bhutan.”...