Category : Cryptocoins News

Cryptocoins News

Bitcoin spikes above $29K as ‘fakeout’ fuels BTC price strength doubts

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“Not Guilty” Sam Bankman-Fried To Plead To 13-Count Indictment Over FTX Crash

Summary: Sam Bankman-Fried will reportedly please not guilty to new criminal charges filed by U.S. prosecutors.The 13-count indictment by the Department of Justice against the FTX founder includes bribery, fraud, and money laundering charges.Pro...

Thai SEC wants to lift restrictions on initial coin offerings

The latest proposal by the SEC of Thailand follows a series of regulatory changes targeting the digital asset market in the country. Thailand’s Securities and Exchange...

Bitcoin addresses with 10+ BTC have jumped 71% since February 2022

Bitcoin addresses holding 10 or more BTC grew 71% in just over a year. According to on-chain data, 10,279 new BTC wallets joined the cohort holding 10+ bitcoin between February 2022 and March 2023. Wallets with 10-100 bitcoin cumulatively hold over...

Crypto donations to surpass $10B in a decade: The Giving Block

The Giving Block reported that USDC accounted for 44% of the crypto donation volume on its platform in the last year, followed by ETH (24%) and BTC (17%). Data collect...

From Bat-Signal to Bitcoin: Projecting 'Orange Pill' on banks as EU drives crypto regulation

The Bitcoin logo lights up on the European Central Bank building in Frankfurt as Bitcoiners urge bankers to “study Bitcoin.” “The signal goes on, and he shows up. Tha...

Government requests for user data from Big Tech increased by 25%: Report

Requests for user data from Big Tech companies such as Apple, Google and Microsoft continue to rise year-over-year from governments worldwide. How Big Tech companies t...

Beaxy Exchange suspends operations after the US SEC charges

The US SEC has filed several charges against the Beaxy Exchange. The exchange has consequently suspended operations In its defence, Beaxy has said that it committed to cooperation with the SEC for over two years. US-based cryptocurrency exchange Be...

OKX Expands Sponsorship Deal with Formula One McLaren Racing Team

Malta-based OKX, which operates a global crypto exchange, announced the extension of its partnership with British Formula One (F1) team McLaren Racing on Thursday. OKX and McLaren Racing Extend Sponsorship AgreementThe first multi-year agreement bet...

Revolut not happy with how fintech deals with audit red flags: Report

Revolut reportedly issued a public statement and hired lawyers in March in order to prove the “misreporting” of the audit opinion by BDO. Crypto-friendly fintech Revo...

Mike Novogratz says Bitcoin and Ethereum are the best risk-adjusted investments today

Mike Novogratz is bullish on crypto, particularly the top two coins Bitcoin and Ethereum. The Galaxy Digital CEO says BTC and ETH been best risk-adjusted investments over the last few years. He also suggested during the company’s earnings call...

Axie Infinity creator works with studios to push Web3 adoption through new games

Sky Mavis’s head of business development, Kathleen Osgood, told Cointelegraph that its goal is to onboard as many people into the ecosystem as possible. Sky Mavis, the...

Blockchain and regulated stablecoins to be widely used by 2030, industry execs say

Digital regulatory professionals have predicted the wide use of stablecoins worldwide by 2030, despite the current competition between TradFi and DeFi. Regulated stabl...

DeFi KYC: Not an issue as ‘99% have nothing to hide,’ industry execs say

Traditional finance observes “money laundering happening every day” despite rigorous KYC measures, according to DeFi industry execs. DeFi execs at the World of Web3 (W...

Hong Kong fund plans to raise $100 million for crypto investment

The new Hong Kong-based equity fund will focus on the regional market and embrace Web3 startups. As Hong Kong is again opening up to the crypto market, local investo...

Bank of Russia Delays CBDC Pilot Rollout

The Bank of Russia's CBDC pilot rollout has been delayed indefinitely due to legislation only passing through the first reading. The number of participating private banks has also changed to 13 from 15, with the pilot involving real operations and li...

EU Proposes Cap on Anonymous Crypto Transfers

The European Union is proposing a 1,000 euro cap on anonymous crypto transfers to combat money laundering and terrorist financing. The limit would apply to transfers when a customer cannot be identified, and the proposal also caps cash transactions a...

Australian Senator Proposes Digital Asset Regulation Bill

Senator Andrew Bragg has proposed a Digital Assets (Market Regulation) Bill 2023 to regulate cryptocurrency services in Australia. The bill recommends stablecoin regulations, licensing of exchanges, and custody requirements to protect consumers and p...

BitKeep Compensates Users After $8M Hack

BitKeep has fully compensated 11,090 users affected by the Dec. 26, 2022, hack that resulted in an estimated $8 million loss. BitKeep will rebrand to Bitget Wallet and have access to Bitget’s $300 million User Protection Fund for future security thre...

SEC Chief to Testify Before House Committee on Crypto Oversight

SEC chief Gary Gensler will face questioning from the House Financial Services Committee on April 18 regarding his approach toward the crypto ecosystem. The committee will focus on Gensler's rulemaking and approach toward crypto assets and lay down a...

Freeport Launches Crowd-Ownership Platform for Warhol Prints

Freeport has received SEC approval to launch its crowd-ownership blockchain platform for a four-piece collection of Warhol prints, with each piece consisting of 10,000 shares and a minimum purchase of 10 shares per individual. (Read More)

OKX to Transfer $157 Million in Frozen Assets Linked to FTX and Alameda Research

<p> OKX, the second-biggest crypto trading platform by trading volume, has recently announced that it is preparing to transfer $157 million in frozen assets linked to the creditors of FTX and Alameda Research, companies of Sam Bankman-Fried&ap...

Nigerian Crypto Investors Face Account Freezing

Nigerian crypto investors using P2P services are concerned about the Central Bank of Nigeria (CBN) flagging their bank accounts due to their connection to the Flutterwave hack. The situation has discouraged P2P users from using OTC markets, causing b...

Wakweli and Polygon Partner for NFT Authentication

Web3 protocol Wakweli has partnered with layer-2 scaling platform Polygon to offer certification of authenticity for NFTs. The partnership will allow all digital assets on Polygon to be compatible with Wakweli's certification system, enhancing the se...

Amid the Failures, Who Is Providing Banking Services to Crypto?

<p>The banking industry is facing instability, and in the US, problems became clearly visible when three crypto-friendly banks ran into trouble earlier this month. These entities are the now well-known Silvergate Bank, Silicon Valley Bank, and...

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