Day: December 22, 2022

Coinbase Receives VASP License in Ireland

This is not the exchange’s first license in Ireland as Coinbase has been active in Ireland since 2018. The Central Bank of Ireland has issued a VASP license to the crypto exchange Coinbase. The license will cover two Coinbase subsidiaries: Coinbase Europe Limited and Coinbase Custody International Limited. While the first provides crypto trading services for Europeans, the latter provides custodial services for institutional clients. Through the subsidiaries, Coinbase will provide products and services to individuals and institutions in Europe and internationally. The VASP license was first introduced in 2021.…

Court Approves FTX CEO SBF’s Extradition from Bahamas to US

The former crypto billionaire could face life imprisonment if the government pursues wire or bank fraud charges.  Former FTX CEO Sam Bankman-Fried, who was arrested by the Bahamian authorities, has reportedly been flown to the US after a judge approved his extradition from the Bahamas. The ex-crypto billionaire would be handed to law enforcement agencies upon getting to the US. Popularly called SBF, the crypto exchange boss was arrested on the 12th of December. This came after the Office of the US Attorney for the Southern District of New York…

VeChain Jumps By 5% As VET Investors Look To Profit Before Christmas

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VeChain has seen a price pump of 4% or currently trading at $0.0161 in the last 24 hours, triggered by the increase in VET demand, data from Coingecko shows. With this scenario, if the buying pressure persists, VET could sprint towards its resistance level and supply zone at the 100% Fibonacci level found at $0.01967.  VeChain investors could profit at $0.01778 A breach slicing below the $0.0156 mark can further invalidate the bullish streak of VET VET showing price recovery at $0.01583  VeChain has recently launched its upgrade PoA 2.0…

Bitcoin Is Leading Indicator for S&P 500, Past Data Show

“History shows that, on average, BTC has topped ~48 days and bottomed ~10 days before the SPX [S&P 500],” Delphi’s strategists, led by Kevin Kelly, wrote in a 2023 preview sent to clients on Wednesday. “Over the past five years, all major price reversals in BTC have preceded those in major equity indices.” Source

Alameda’s Caroline Ellison and FTX’s Gary Wang hit with additional fraud charges

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The United States Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) have hit former Alameda Research CEO Caroline Ellison and former FTX co-founder Gary Wang with fresh fraud charges. The new charges from the SEC and CFTC come as the pair plead guilty to federal fraud charges filed by the U.S. Department of Justice (DOJ) earlier on Dec. 22. SEC states that Ellison and Wang were charged for their role in the “multiyear scheme to defraud equity investors in FTX,” with the SEC also investigating whether…

Defi More Scalable Than Traditional Finance, New Study Says – Defi Bitcoin News

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Despite the market conditions that prevailed in much of 2022, decentralized finance (defi) still demonstrated its greater scaling potential than that of the traditional financial industry, a new report has said. Even though the total value locked dropped from the peak of $180 billion in Dec. 2021, to just over $50 billion by end of Oct. 2022, certain sectors of the defi market still “show a very optimistic trend.” Decline in Total Value Locked According to Hashkey Capital’s end-of-year report, decentralized finance (defi) has the “potential to be many times…