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Biggest Crypto Gainers Today on DEXTools – BEAR, CAL, MANE
22.9.2023
Bitcoin (BTC) is consolidating in the $26,600s on Friday, roughly in line with where it started the week as traders digest recent macro developments, like a further push higher in US yields to new multi-year/decade highs in wake of this week’s hawkish leaning Fed policy announcement....
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FTX Founder Sam Bankman-Fried's Bail Request Rejected Ahead of Trial
22.9.2023
A US court has denied Sam Bankman-Fried's request for release on bail before his trial, which is scheduled to begin next month.
On Thursday, an appeals court upheld the decision to keep the disgraced founder of FTX locked up ahead of his trial.
"We reject [Bankman-Fried's] contention that...
Binance Sounds the Warning: EU's MiCA Law May Lead to Stablecoin Removals – What's Going On?
22.9.2023
Binance has raised concerns about the potential delisting of stablecoins in Europe due to the upcoming implementation of the European Union's Markets in Crypto Assets (MiCA) regulation.
“We are heading to a delisting of all stablecoins in Europe on June 30,” given that no project has yet been...
Chinese Banks, Firms Make Digital Yuan Smart Contract Progress
22.9.2023
Chinese banks and businesses want to step up their use of digital yuan-powered smart contracts, as the financial and industrial sectors eye CBDC progress.
Per the Securities Times (via Stockstar), the state-run Postal Savings Bank of China has “officially” co-launched the nation’s first...
Silicon Valley Law Firm Fenwick & West Files to Dismiss FTX Class Action Lawsuit
22.9.2023
Fenwick & West, a renowned Silicon Valley law firm, has denied allegations that it played a role in facilitating a fraud allegedly committed by bankrupt crypto exchange FTX.
The law firm has filed a motion to dismiss the lawsuit, claiming that its services provided to FTX were standard legal...
India's Crypto Tax Relief Likely Two Years Away, Says Leading Exchange CEO
22.9.2023
India's crypto industry may have to wait for up to two years for a more lenient crypto tax regime, as per domestic exchange WazirX's CEO.
Last year, Indian authorities introduced a 1% Tax Deducted at Source (TDS) on cryptocurrency transactions, which led to a significant decline in trading...
It Is "A Really Good Time" to Invest in Crypto: Former a16z General Partner
22.9.2023
Former a16z general partner Katie Haun believes it is "a really good time" to invest in the crypto industry.
During a recent interview at TechCrunch Disrupt, Haun talked about the crypto market over the past couple of years, claiming that she’s still very optimistic about the future...
Binance and CEO Changpeng Zhao File Motion to Get SEC Lawsuit Dismissed
22.9.2023
Binance, Binance.US, and Changpeng Zhao have jointly filed a motion to dismiss a lawsuit brought by the United States Securities and Exchange Commission (SEC).
In their 60-page petition submitted on September 21, their legal team contends that the SEC exceeded its regulatory jurisdiction...
Former FCA Chair Reveals Pressure to Approve Crypto Firms Facing U.S. Investigations
21.9.2023
The UK's financial watchdog was forced to welcome cryptocurrency firms into the British market, according to Charles Randell, the former chairman of the Financial Conduct Authority (FCA).
During a conference hosted by the Bank of England's Prudential Regulation Authority, Randell said the...
Biggest Crypto Gainers Today on DEXTools – GOLD, BOMBER, MEMBOT
21.9.2023
Blue chip cryptocurrency markets are under pressure on Thursday, with Bitcoin (BTC) having dropped more than 2% to the mid-$26,000s and Ether (ETH) down 2.5% under $1,600.
Reports that long-defunct cryptocurrency exchange MtGox will delay repayments for another year to 2024 have failed to boost...
Coinbase's Chief Legal Officer Stays Optimistic Amid SEC Battles – Here's Why
21.9.2023
Coinbase's Chief Legal Officer is remarkably optimistic despite two ongoing battles with the Securities and Exchange Commission (SEC).
Paul Grewal has expressed optimism about both cases, claiming that they could have a lasting impact on the entire industry....
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Web3 Gains Popularity Among OnlyFans and Patreon Creators Over Payment Worries
21.9.2023
Adult content creators are increasingly turning to decentralized alternatives to platforms like OnlyFans and Patreon amid payment challenges and the constant fear of being de-platformed.
These creators are finding solace in the promising potential of Web3 technology, which promises greater control...
PayPal’s Stablecoin PYUSD is Available on Venmo to Select Users
21.9.2023
PayPal-operated peer-to-peer mobile payments platform Venmo has started offering PayPal USD stablecoin (PYUSD) to selected users, starting September 20.
“We are pleased today to announce that PayPal USD is now available on Venmo to select users and will be rolling out fully in the coming weeks.”...
Crypto Whale Duped for $4.5 Million in a Phishing Attack
21.9.2023
A crypto whale has reportedly fallen victim to a staggering $4.46 million phishing scam.
The unidentified crypto holder transferred approximately $4.46 million worth of Tether (USDT) from a Kraken crypto exchange wallet to an address ending in "ACa7," as per data from Etherscan.
Blockchain...
Chinese “Super SIM” Cards to Feature New Digital Yuan Functions
21.9.2023
New Chinese “Super SIM” cards will function as digital yuan wallets, smartcards, and ID cards as the nation’s CBDC pilot continues.
Chinese mobile operators such as China Mobile have been working on so-called “Super SIM” offerings since 2016.
They have added a range of functionality to the cards...
Russia Survey: 90% Don’t Want to Be Paid in Digital Rubles – CBDC Setback?
21.9.2023
Most citizens in Western Russia say they do not want to get paid in digital rubles, dealing a further blow to the Central Bank’s CBDC plans.
Per the media outlet Lipetsk News, the recruitment agency HH conducted a digital ruble-themed survey of job seekers in the key Lipetsk Oblast in Western...
Binance CEO Denies Receiving $250M Loan from BAM Management, Says it is "the Other Way Around"
20.9.2023
Binance CEO Changpeng Zhao has refuted claims that he received a $250 million loan from BAM Management, the holding company of Binance.US, saying that it was the other way around.
In a Wednesday tweet, the crypto boss said he "loaned $250 million to BAM a while back, not the other way around."...
Binance EU Users Face Fiat Withdrawal Issues – What's Going On?
20.9.2023
Some Binance customers in the EU have been blocked from withdrawing euros as part of an early change in the crypto exchange’s regional payments provider looms.
Several users in the region have been denied access to Paysafe, Binance’s European payments partner, ahead of the September 25 deadline...
Bitcoin.org's Anon Operator Denied Anonymity in Legal Battle Against Craig Wright
20.9.2023
A London High Court Judge has upheld a ruling that the Bitcoin.org operators, including the pseudonymous Cøbra, must reveal their identities or face substantial legal fees in the legal action brought by self-proclaimed Bitcoin (BTC) inventor Craig Wright.
In April 2021, Wright served legal papers...
a16z’s Arianna Simpson Says Lack of Specific Guidelines is Pushing Crypto Firms Offshore
20.9.2023
a16z General Partner Arianna Simpson believes the US needs to establish a regulatory framework that instills confidence in crypto firms and allows them to build technology products without fear of potential consequences.
Simpson claimed that the lack of specific guidance in the US is causing...