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Turkish Lira Tops Fiat Volumes in September as Adoption Grows: Binance Research
10.11.2023
Source: AdobeStock / Iryna Dincer The Turkish Lira (TRY) leads the chart as the top fiat traded on the world’s largest exchange by volume, Binance following a surge in the number of investors, new research shows. A new Binance market research shows an increasing vol trading volume around...
Will GTA 6 Incorporate an In-Game Cryptocurrency? Lawyer Shares Insights
10.11.2023
Source: AdobeStock / Jimmy Tudeschi The highly anticipated Grand Theft Auto (GTA) VI is coming – but will it come with an in-game cryptocurrency? A lawyer has suggested that perhaps not. Yet. The fifth installment of GTA was launched in September 2013. Rockstar Games, GTA’s developer...
Crypto-Focused VC Lightspeed Faction Announces $285 Million Fund for Startups
10.11.2023
Source: Shutterstock Lightspeed Faction, a blockchain-focused venture capital (VC) firm, has revealed plans to launch a new $285 million fund aimed at investing in early-stage projects within the crypto industry. The VC, consisting of team members from prominent entities including Amber Group...
Bitwise Has No Connection With Now-Defunct Bitwise Industries
10.11.2023
Source: Pexels Crypto fund manager Bitwise Asset Management has insisted that it “has no relationship” with the now-defunct technology company Bitwise Industries. The reply comes amid a probe conducted by the US Securities and Exchange Commission (SEC) on Bitwise Industries. The regulator accused...
Ethereum Price Crosses $2,000 as Nasdaq Files for BlackRock’s ETH ETF
10.11.2023
Source: Pixabay / Shutter_Speed Ethereum’s price has exceeded the $2,000 level and touched $2,100, following Nasdaq’s submission for BlackRock’s Ethereum exchange-traded fund (ETF). Source: CoinMarketCap The filing led to ether’s price soaring up about 9% in 24 hours with a highest mark of the...
South Korea Joins Global Community for Crypto Asset Reporting Framework Push
10.11.2023
Source: Pexels South Korea has joined a group of 48 nations, calling for the promotion of an international framework for cryptocurrency reporting. In a significant move, South Korea confirmed its engagement on Friday to implement the international reporting framework on digital assets....
Ripple CEO: ETF Approval Could Unleash Flood of Capital into Cryptocurrency Market
10.11.2023
Source: iStock/Photographer, Filmmaker, Designer Ripple CEO Brad Garlinghouse believes there will be a flood of new capital pouring into crypto if a spot Bitcoin ( BTC) ETF is approved. “An ETF getting approved could create a lot of capital flowing into the market,” he said in a recent...
Court Halts SafeMoon’s CEO Bail After Prosecutors Allege a “Danger to the Community”
10.11.2023
Source: Adobe United States federal prosecutors have halted the bail of SafeMoon’s CEO Braden John Karony after they challenged the previous order citing a danger to the community and a potential flight risk. Court filings show New York District Judge LaShann DeArcy Hall has paused Karony’s bail...
CME Ousts Binance as Largest Bitcoin Futures Exchange, Indicating Growing Demand From Institutional Traders
10.11.2023
Source: Adobe/fotofabrika The regulated derivatives marketplace Chicago Mercantile Exchange (CME) has dethroned Binance as the largest Bitcoin ( BTC) futures exchange. The shift marks the first time in two years that CME has claimed the top spot, indicating a surge in demand from institutional...
Lloyds Bank Warns Over Rising Threat of Crypto Scams
10.11.2023
Source: AdobeStock / JeromeMaurice Lloyds Bank has issued a warning over a significant surge in crypto scams, revealing a 23% rise from the previous year. As per the UK bank’s report, victims are losing an average of $13,130, marking a notable rise from the previous year’s average of $8,570....
US and Allies to Intensify Sanctions Against Hamas, Targeting Crypto Assets to Cut Funding
10.11.2023
Source: Adobe Stock/ sveta The United States and its allies are set to escalate sanctions against the militant group Hamas in the coming days. According to the U.S. Deputy Treasury Secretary Wally Adeyemo, more actions will be taken in the coming days and weeks to cut funding channels to Hamas...
Failure to ‘Properly’ Regulate Crypto Has Cost Ukraine $49bn – Study
10.11.2023
Source: Vaksmanv/Adobe Ukraine’s failure to adequately regulate the crypto sector cost the nation just shy of $49 billion in the period 2016 to 2022, a study has found. The study was carried out by Ukraine Economic Outlook, in association with the crypto exchange Kuna and an industry group named...
UBS Allows Crypto ETF Trading for Select Hong Kong Clients
10.11.2023
Source: AdobeStock / lenscap50 UBS Group AG has joined rivals such as HSBC Holdings Plc, in extending an invitation to select clients in Hong Kong to trade specific crypto-linked exchange-traded funds (ETFs). The decision aligns with Hong Kong’s recent efforts to establish itself as...
Head of South Korea’s Biggest Crypto Exchange ‘Not Guilty’ of Data Manipulation
10.11.2023
Source: vladim_ka/Adobe The head of Dunamu, operator of South Korea’s market-leading Upbit crypto exchange, has been found not guilty of manipulating platform data. Per Chosun Ilbo, the nation’s Supreme Court acquitted the Dunamu Chairman Song Chi-hyung, of fraud charges under the Aggravated...
Bitcoin and Life Insurance: CEO Zac Townsend’s Unique Perspective
9.11.2023
Life Insurance. Source: Adobe / zimmytws Bitcoin (BTC) is the perfect financial asset to form the foundation of a life insurance product, according to Meanwhile CEO Zac Townsend. In a recent interview with Axios, the executive explained how and why his life insurance company uses BTC as its sole...
Spartan Capital Invests in DeFi Protocol Pendle in a Follow-on Funding Round
9.11.2023
Source: Medium/Spartan Group In a strategic move to boost the burgeoning landscape of decentralized finance (DeFi), Spartan Capital has announced its continued commitment to Pendle Finance through an over-the-counter (OTC) acquisition. We're excited to share that we have made a follow-on...
OneCoin’s Head of Legal and Compliance Pleads Guilty To Wire Fraud and Money Laundering Charges
9.11.2023
Source: Pixabay OneCoin’s legal chief pleaded guilty to money laundering and wire fraud charges, according to a statement released today from the U.S. Attorney’s Office for the Southern District of New York. Bulgarian national Irina Dilkinska, 42, faces up to 10 years in prison for her role...
BIS Research Report: Stablecoins Not Secure as Store of Value
9.11.2023
Stablecoins. Source: Adobe / Grispb Fiat-backed stablecoins are “not a safe store of value,” according to a new research report from the Bank for International Settlements (BIS). According to the report, the BIS found that from January 2019 to September 2023, fiat-backed stablecoins were able...
ARK Invest Adds $9.5M Worth of Robinhood Shares to Its Innovation Portfolios
9.11.2023
Source: Adobe Popular crypto-friendly investment firm ARK Invest has significantly increased its stakes in the commission-free investing app Robinhood. According to a November 8 investment sheet posted online, the investment firm secured 1,141,046 units of Robinhood shares, amounting to...
CertiK Data Highlights Significant Slowdown in New Cryptocurrency Launches
9.11.2023
Source: Adobe / Andrii Yalanskyi Recent data from blockchain security firm CertiK has revealed a noteworthy slowdown in the creation of new cryptocurrencies, with the pace now reaching its slowest in three years. Citing data shared by CertiK, CoinDesk on Wednesday reported that the third quarter...