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Hong Kong Considers Allowing Trading of Spot Crypto ETFs
8.11.2023
Hong Kong is examining allowing the launch of spot cryptocurrency exchange-traded funds (ETFs), given that the risks of these instruments are addressed. In a recent interview, Julia Leung, CEO of the Hong Kong Securities and Exchange Commission, stated that the focus of the organization’s...
Bitcoin supply held by long-term holders hits all-time high — Research
7.11.2023
Bitcoin’s recent rally to a 2023 high is backed by on-chain and sentiment data
Coinbase beefs up its global advisory council with four national security experts
7.11.2023
Coinbase is getting wonky with prominent names in national security from both sides of the U.S. political divide. They will join former lawmakers and other strategists
Multiple buyers consider purchase and relaunch of ‘irreparable’ FTX
7.11.2023
Rebooting a tarnished name is difficult and some firms are so utterly compromised by their failures that there is no real hope of rehabilitation
How agencies can play a role in NFT and digital collectable creation
7.11.2023
No matter their specialization, agencies have a unique power to shape the trajectory of Web3 adoption and elevate the realm of digital assets
LHV Bank Founder Has Lost Private Key to ETH Stash Worth $470 Million
7.11.2023
Rain Lõhmus , founder of Estonia-based LHV Bank, has lost the private key to his crypto stash consisting of 250,000 ETH, worth approximately $470 million. The stash was acquired during the Ethereum Initial Coin Offering (ICO), Conor Grogan, a director at cryptocurrency exchange Coinbase...
SEC Inspector General says prohibition on crypto ownership hinders agency hiring
6.11.2023
Besides being short on crypto specialists, the SEC OIG noted a litany of problems that are already familiar – lack of legislative clarity, lack of interagency coordination, etc
Bitcoin’s Price Surge Fails to Entice Former Day Traders
6.11.2023
The price of Bitcoin has rallied in recent weeks, more than doubling from its November 2022 lows after the UK collapse of the cryptocurrency exchange FTX. Former day traders who previously made big profits from Bitcoin’s volatile swings say they have no plans to return, however, even...
FTX Seeks Bankruptcy Court Approval to Sell $744 Million Worth of Trust Assets, Including Grayscale and Bitwise Funds
6.11.2023
Bankrupt cryptocurrency exchange FTX and its debtors have sought approval from the bankruptcy court of Delaware to sell select trust assets, including funds from Grayscale and Bitwise, with an estimated value of $744 million. The proposed sale would be facilitated through an investment...
CME Bitcoin futures hit record high, but uncertainty looms above $36K
3.11.2023
CME Bitcoin futures hit a 2-year high, but options market data reflects investors’ hesitancy
Coinbase Turns the Tide: Q3 Earnings Show Net Profit Amid Crypto Market Slump
3.11.2023
In the third quarter, Coinbase outperformed expectations despite the extended crypto market slump by recording favorable net income and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). In their most recent shareholder letter, the publicly-traded cryptocurrency...
Coinbase Halts Staking Services in Maryland Following Securities Commissioner’s Order
2.11.2023
In an unfolding development, the US cryptocurrency exchange Coinbase announced the suspension of its staking services in Maryland today via an e-mail to its customers. The decision follows a preliminary cease and desist order issued by the Maryland Securities Commissioner on June 6, 2023. The order...
Prosecutor: FTX Boss Sam Bankman-Fried Stole Billions From Customers, Lied About It
2.11.2023
Federal prosecutor Nicolas Roos argued this week that Sam Bankman-Fried stole billions in customer funds from his cryptocurrency exchange FTX and lied repeatedly to cover it up, actions that make him guilty on all counts. The prosecutor’s closing argument paints a picture of Bankman-Fried...
Dubai VARA grants 'initial approval' to crypto firm WadzPay
2.11.2023
The license allows WadzPay to begin preparing to provide virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities
JPEX Scandal Won’t Deter Hong Kong’s Web3 Market Development, Says Treasury Secretary
2.11.2023
Amidst the $213 million scandal involving the cryptocurrency exchange JPEX, the Hong Kong government has maintained its commitment to advancing its Web3 vision for the region. Christopher Hui, the Secretary for Financial Services and the Treasury of Hong Kong, assured the city’s vision...
Report: Lazarus Group Deploys New ‘Kandykorn’ Malware in Crypto Exchange Attack
2.11.2023
The state-sponsored North Korean hacker group Lazarus Group used a new type of malware called “Kandykorn” to target a cryptocurrency exchange. On October 31, Elastic Security Labs reported that the notorious Lazarus Group used a new type of malicious software (malware) called...
Coinbase Rolls Out Bitcoin and ETH Futures for US Investors
1.11.2023
Popular cryptocurrency exchange Coinbase has announced the launch of its native Bitcoin and Ethereum futures contracts for US retail traders. In a November 1 blog post, the US-based Bitcoin trading hub stated that the service is being rolled out via the Coinbase Advanced platform. Now, retail...
Unlocking value: Exploring the integration of NFTs and physical assets
1.11.2023
By tokenizing physical assets, NFTs provide new opportunities for ownership, investment and engagement
Hong Kong’s HashKey Breaks Retail Ground with Trading App, HSK Token to Follow
1.11.2023
Hong Kong-based cryptocurrency exchange HashKey has ventured into the retail trading sector with the official launch of its trading app, making it the first licensed virtual asset exchange app in Hong Kong. HashKey’s Chief Operating Officer Livio Weng shared insights about the new app in...
Bitfinex Lands on UK Financial Watchdog’s Warning List for Unauthorized Promotion of Financial Services
31.10.2023
The Financial Conduct Authority (FCA) in the UK has raised concerns about Bitfinex, a cryptocurrency exchange, that it may be promoting financial services or products without the FCA’s permission. On October 27, the FCA in the UK issued a public warning regarding Bitfinex, expressing concerns...