Day: May 8, 2023

Coinbase CEO Says Exchange Would No Longer Exit US amid Regulatory Scrutiny

The SEC served Coinbase with a Wells Notice in March to signal an upcoming enforcement action against the exchange.  The CEO of top American cryptocurrency exchange Coinbase Brian Armstrong has hinted that the exchange will not bow to pressure from the US Securities and Exchange Commission (SEC). Armstrong, who has been openly critical of SEC and its chair Gary Gensler, made more accusations on Monday. In a bare-it-all interview with CNBC on Monday, Armstrong suggested that Gensler leads some form of personal campaign against crypto. He says: “There’s kind of…

South Korean Lawmaker Under Scrutiny over Suspicious Crypto Transfers

Rep. Kim Nam-kuk of the Democratic Party of Korea has allegedly withdrawn a massive 800,000 WEMIX tokens in the period between late February to early March 2022, just before the introduction of the global standard-setter FATF’s travel rule on March 25, 2022. In the latest development, South Korean authorities have reported local authorities regarding a series of crypto transfers by opposition party lawmakers, sparking domestic outrage and a potential conflict of interest. As per the details, Rep. Kim Nam-kuk of the Democratic Party of Korea has allegedly withdrawn a massive…

Qualcomm Set to Purchase V2X Chip Maker Autotalks for $350-400M

The automobile industry is becoming an increasingly important market for chipmakers such as Qualcomm as the number of electric vehicles and cars equipped with advanced driver assistance systems (ADAS) grows. American multination tech giant Qualcomm Inc (NASDAQ: QCOM) is looking at expanding its footprint in the automotive business through the acquisition of Autotalks, an Israeli firm that specializes in producing chips used in vehicle crash prevention technologies. Qualcomm announced on Monday that it would include Autotalks’ solutions in its Snapdragon Digital Chassis product portfolio. Notably, the Snapdragon Digital Chassis can…

Tencent-backed Everledger collapses amid lack of funding: Report

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The Australian blockchain company Everledger has reportedly entered insolvency proceedings after failing to raise new funding from an undisclosed investor. Everledger, which uses blockchain to track the provenance of diamonds and other goods, failed to make its latest funding round happen, the AFR reported on May 8. Subsequently, Everledger was quietly placed into voluntary administration as the firm could not pay its debts. All Everledger employees were given layoff notices on March 31, with Vincents Chartered Accountants being appointed as administrators on April 24. The first meeting of creditors was…

How to play it when BTC price moves up or down 10%

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Here’s how Bitcoin (BTC)  traders can profit whether its price move up or down 10% within 55 days. Bitcoin options: Bracing for volatility Traditional market analysts have started calling for a volatility spike due to the U.S. government debt discussion. Moreover, signs of stress coming from the banking sector took investors by surprise after the DXY index, which measures the U.S. dollar against a basket of foreign currencies, reached its lowest level in 12 months at 101 on May 4. Stock market and macro analyst Markets & Mayhem posted a…

Syrian Crypto Dealer Freed From Kidnappers Who Demanded Ransom of Over $1.1 Million – Featured Bitcoin News

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Spanish law enforcement recently nabbed three individuals who befriended and eventually kidnapped a Syrian cryptocurrency dealer. Following their arrest, the kidnappers, who were demanding a ransom of over $1.1 million, were found in possession of weapons and fake identity documents. Syrian Crypto Dealer’s Captors Were His Party Friends Spanish law enforcement recently freed a Syrian cryptocurrency dealer from three kidnappers that were demanding a ransom of $1.12 million (or €1 million). According to a report by a Spanish-language publication, the captured trio was set to appear in court on May…

Liechtenstein Plans to Add Bitcoin as Payment Option for State, Prime Minister Daniel Risch Says: Report

The European Union is now finalizing its landmark licensing regime known as the Markets in Crypto Assets (MiCA) regulation – something that could draw to the region crypto firms seeking regulatory clarity. Although Liechtenstein is not a member of the bloc, it is part of the greater European Economic Area (EEA), to which the framework’s relevance can be extended. Source AddBitcoinDanielLiechtensteinMinisterOptionPaymentPlansPrimeReportRischState CryptoX Portal