Day: April 25, 2023

5 charged by DOJ over alleged crypto price manipulation scheme

boss

A freshly unsealed indictment has charged five individuals with “conspiring to manipulate the market” in relation to an alleged scheme involving the ERC-20 Hydro (HYDRO) token. An April 24 statement from the United States Department of Justice (DOJ) said the indictment charged three people for conspiring to manipulate the market for Hydro. Two other individuals were separately charged for their roles in the scheme. The DOJ alleges that from June 2018 through April 2019, Michael Ross Kane, the former CEO of Hydrogen Technology Corp., Shane Hampton, Hydrogen’s chief of financial…

Decentralized exchange GMX votes to use Chainlink low-latency oracles

boss

Chainlink’s (LINK) low-latency oracles will integrate with the decentralized exchange (DEX) GMX following a successful governance proposal that sought to provide more “granular” real-time market data to GMX v2. Voting ended on April 25 at 12:00 am UTC, with over 96% of participating GMX tokenholders voting in favor of the proposal. The new Chainlink oracles — which were built with the input of GMX core contributors — were brought in to improve upon the functionality of perpetual DEXs and price-sensitive trading on GMX, the author of the proposal explained. The…

Tiger Global’s $12.7b venture down by 20%

Tiger Global Management posted a 20% loss on its $12.7 billion venture capital fund at the end of 2022. The news came up shortly after The Wall Street Journal reported that the company had brought down its investment in its venture capital funds by approximately 33%. Tiger Global marking down assets Tiger had partnered with several bankrupt firms, including FTX, Blockfi, and Babel, and others on the verge of collapsing, such as SERUM and Amber. It is unclear if Tiger has active accounts that result in losses in these companies.…

Third round of ETH withdrawals sees roughly equal amounts of deposits: Data

boss

Ethereum staking withdrawals have entered their third “round,” but Ether (ETH) staking deposits have almost equaled them, according to the data from the analytics platform Nansen. Ethereum staking withdrawals started ramping up for the third time on April 24 and into April 25. According to Nansen, the crypto exchange Kraken was responsible for a large portion of these withdrawals. A “round” refers to the number of days taken to process partial withdrawals and rewards. Nansen says it currently takes just under four and a half days. The last large batch…

Indonesia Is Following BRICS De-Dollarization Lead, Says Central Bank Governor – Economics Bitcoin News

boss

Indonesia is following the BRICS’ lead in de-dollarization and shifting away from the U.S. dollar in trade settlements and financial transactions, according to the country’s central bank governor. The BRICS nations are working on creating a common currency to reduce their USD reliance. Indonesia’s De-Dollarization Efforts Bank of Indonesia Governor Perry Warjiyo said Friday that Jakarta is following the lead of the BRICS bloc to shift away from using the U.S. dollar in trade and financial transactions, Sindonews reported Friday. The BRICS nations (Brazil, Russia, India, China, and South Africa)…

US imposes sanctions on individuals for aiding North Korea

The Office of Foreign Assets Control (OFAC) of the U.S. Treasury has sanctioned three individuals for using illegal financing and illicit cyber activity to support the Democratic People’s Republic of Korea (DPRK). OFAC targets individuals aiding North Korea’s unlawful financial activities The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury imposed sanctions on three people for supporting the Democratic People’s Republic of Korea (DPRK) through unlawful financial and cyber activities.  The DPRK allegedly utilizes I.T. professionals to illegally seek employment while laundering stolen virtual money…

France mulls fast-tracking registered crypto firms to new EU rules

boss

A “fast track” option for licensed crypto firms in France to get regulated under the upcoming Markets in Crypto-Assets (MiCA) laws has been mulled by the country’s financial regulator. In a statement published on April 21, the French Financial Markets Authority (AMF) welcomed the approval of MiCA and outlined how French regulation will proceed during the transitory period over the next 18 months. A key focus for the AMF will be guiding the switch over to MiCA regulation for French providers of digital asset services (PSANs). The AMF stated that…

‘Crypto is dead in America’: Tech billionaire Chamath Palihapitiya

boss

Regulators in the United States have choked out the cryptocurrency sector to the point of death according to Bitcoin (BTC) bull and billionaire tech investor Chamath Palihapitiya. “Crypto is dead in America,” he boldly claimed in an April 22 episode of the All-In podcast. Palihapitiya’s comment came in response to the news that cryptocurrency exchange Coinbase is now considering a move offshore. He pointed the finger at Gary Gensler, the Chair of the U.S. Securities Exchange Commission (SEC): “Crypto is dead in America. I mean now you have Gensler even…

Russia Launching Payment System With ‘No Restrictions’ — Digital Currencies to Be Completely Unrestricted – Regulation Bitcoin News

boss

Russia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in cross-border payments, said Russian Finance Minister Anton Siluanov. “Two parties come to an agreement, make settlement payments, and no other country could step in and freeze such payments,” the top official explained. Digital Currency ‘Bound by No Restrictions’ in Russia’s New Payment System Russian Finance Minister Anton Siluanov said Monday that a new payment system will be launched where the use of digital currencies in international payments will be completely…