Day: August 15, 2023

Regulatory Pressure Shakes Dasset Crypto Exchange

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Pressure on cryptocurrency firms does not seem to decrease. Their condition is not helped by the prolonged consolidation of major assets or the tightening regulatory screws by governmental financial institutions in the USA and Europe. Problems are also visible in Australia and New Zealand, where the Dasset exchange has gone into liquidation, and customers cannot retrieve their funds. Discover StealthEX.io – the future of cryptocurrency. Swap instantly across 1000+ coins, no sign-up, secure, and private. Dive into the new age of crypto! According to information published yesterday (Monday) by the…

ICO response to a data breach at Norfolk and Suffolk Constabularies

Norfolk and Suffolk Constabularies have announced a data breach relating to responses for Freedom of Information (FOI) requests for crime statistics, issued between April 2021 and March 2022. Stephen Bonner, Deputy Commissioner at the ICO, said: The potential impact of a breach like this reminds us that data protection is about people. It’s too soon to say what our investigation will find, but this breach – and all breaches – highlights just how important it is to have robust measures in place to protect personal information, especially when that data…

Bullish Breakout On The Horizon?

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In today’s micro update from Capriole, founder Charles Edwards presented a compelling analysis that draws parallels between the current low volatility of Bitcoin and its historical behavior in 2016. With Bitcoin’s price stagnating around the $29,000 mark, experts are closely watching for signs of a potential bullish breakout. “Bitcoin’s price remains at $29K, in a sideways consolidation that has created one of the absolute lowest volatility periods in Bitcoin’s 14 year history,” Edwards states. This prolonged period of low volatility is reminiscent of 2016, suggesting that a significant price movement…

Europe Beats US To List Spot Bitcoin ETF

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London-based asset manager Jacobi listed Europe’s first spot Bitcoin exchange-traded fund on Euronext Amsterdam. Jacobi initially received approval for this ETF in 2021 but delayed its listing due to crypto crashes in 2022 like the Terra collapse and the Three Arrows crisis. The Jacobi FT Wilshere Bitcoin ETF will trade under the ticker BCOIN and features a decarbonization plan. Europe lists a Bitcoin ETF ahead of the U.S. despite a swathe of applications from issuers like Blackrock and Fidelity. London-based asset manager Jacobi has listed Europe’s inaugural spot Bitcoin exchange-traded…

Prime Trust bankruptcy spotted by crypto community months ahead

Crypto custodian Prime Trust filed for Chapter 11 bankruptcy in the United States state of Delaware on Aug. 14 after reporting shortfalls in customer funds. Prime Trust said it’s working with 25,000 to 50,000 creditors and has liabilities of up to $500 million.  Although the news of the company’s financial instability broke mid-way through August, members of the crypto community months had already flagged the company’s shaky position weeks before the filing. On June 27, the business regulator in the state of Nevada issued a cease and desist order to Prime…

First EU spot Bitcoin ETF hits Euronext Amsterdam exchange

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The London-based digital asset management firm announced that its new investment product was going live on the Euronext Amsterdam stock exchange on Aug. 15, more than a year later than its planned launch in 2022. The Jacobi FT Wilshire Bitcoin ETF is now trading. Source: Euronext Amsterdam. As previously reported by Cointelegraph, the offering was touted as the first spot or physical-backed Bitcoin fund which would allow investors to gain exposure to a financial product that is physically backed by BTC. The new ETF is set to trade under the…

US Prosecutors Accuse FTX’s Sam Bankman-Fried Of Using $100M To Curry Political Favors

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The drama surrounding FTX and founder Sam Bankman-Fried (SBF) continues to unfold almost a year after the crypto exchange collapsed. This time around, prosecutors are coming after the former CEO for allegedly using customer funds to buy the favor of politicians. SBF Used Customer Funds For Campaign Contributions The latest indictment filed by the United States Department of Justice (DOJ) details how Bankman-Fried embezzled customer deposits and used these stolen funds towards various ventures, including funding the political campaigns of several politicians in the Democratic and Republican parties.  According to…