If wallet X sends one bitcoin to wallet Y, it is assumed that the former is spending or selling coins to the latter. If the value at which X moved coins to Y was higher than at acquisition, X is said to have realized profit. A SOPR ratio above 1 indicates that coins moved, on average, are being sold at a profit. Source
In November last year, Binance acquired regulated crypto exchange Sakura Exchange BitCoin (SEBC). Existing services on SEBC will be terminated on May 31 and a new service under the provisional name “Binance Japan” will launch after June 2023, the notice said. Source
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…
The founder of bitcoin pool operator MTI was charged with fraud last year for running an unlicensed commodity pool scheme. Source
Cybercriminals have reportedly breached AT&T email accounts and are using the access gained to steal crypto assets from their victims. While a spokesperson for AT&T has denied claims that hackers have gained access to the company’s internal systems, a report suggests that as much as $20 million worth of crypto may have been stolen. Criminals ‘Used an API Access’ Cybercriminals have reportedly gained access to AT&T email accounts and are using this to hack into targeted victims’ crypto exchange accounts. According to a Techcrunch report, the criminals using this modus…
Crypto companies have complained that opening bank accounts in the jurisdiction is difficult. Source
José Manuel Campa from the European Banking Authority (EBA) urged crypto market players to start adjusting their operations now. The new rules passed by the E.U. last week emphasize the need for market players to comply with the regulations and make necessary preparations for the upcoming changes. The governance of stablecoins The European Banking Authority‘s chairman since March 2019, José Manuel Campa, has written an article for think tank Eurofi about forthcoming European Union rules that will govern stablecoins. The rules, known as the Markets in Crypto Assets (MiCA), are…
Russian Foreign Minister Sergey Lavrov has spoken on the current shift to national currencies and the de-dollarization international markets are currently experiencing. In a press conference after addressing the UN Security Council on April 25, Lavrov stated this shift could not be stopped, and that the future of traditional international institutions like the International Monetary Fund (IMF) was uncertain. Russian FM Sergey Lavrov Thinks De-Dollarization ‘Can No Longer Be Stopped’ Russian Foreign Minister Sergey Lavrov referred to the current shift that international markets are taking away from the U.S. dollar…
The former CFO of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million that was used to trade cryptocurrencies and “meme stocks.” An April 27 press release from the Department of Justice (DOJ) said Cooper Morgenthau, the ex-CFO of African Gold Acquisition Corp. (AGAC), embezzled more than $5 million from three different SPACs — AGAC, Strategic Metals Acquisition Corp I (SMAC I) and Strategic Metals Acquisition Corp II (SMAC II) between June 2021 and August 2022. Former chief financial officer of two…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…