The former CEO of Terra was arrested and sentenced to prison in Montenegro over charges of possessing falsified official documents. The U.S. and South Korea have requested his extradition to face criminal charges related to the collapse of his multi-billion dollar crypto enterprise Terraform Labs in May of 2022. Source
This holiday season, leading multi-asset trading platform PrimeXBT is spreading cheer with an exclusive 20% deposit bonus for all clients. From 11 December 2023 through 11 January 2024, traders who fund their accounts will receive a 20% matched bonus up to $1,000. Another year ahead for the award-winning platform PrimeXBT is kicking off the New Year by giving back to its loyal user base after another year of platform innovations and award-winning service. The company has earned praise within the trading industry for its robust and customisable Crypto derivatives infrastructure…
In the recent filing, the US SEC stated that they are still considering on whether these Ethereum ETFs should be listed. The United States Securities and Exchange Commission (SEC) has announced a delay in its decision on several Ethereum (ETH) exchange-traded funds (ETFs) until May 2024. As per regulatory filings on December 18, the SEC postponed its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF. The Hashdex Ether ETF shall hold both spot Ether and futures contracts. Similarly, Grayscale’s Ethereum Futures ETF is a strategic…
Matrixport revealed that although Bitcoin has climbed more than 150% this year, miners have done much more. A recent Matrixport has compared Bitcoin’s performance to that of a few crypto firms, highlighting their year-to-date (YTD) increases. According to a Matrixport report, Bitcoin has already significantly outperformed the Nasdaq at +150%, over 53%. Current data from MarketWatch shows that Bitcoin has crossed 160%. Although the world’s king coin’s performance has been impressive, others have bigger gains. For instance, major crypto exchange Coinbase Global Inc (NASDAQ: COIN) has climbed more than 333%, according to data…
Microstrategy’s Executive Chairman and Co-founder, Michael Saylor, is one who always uses every opportunity to heap praises on the flagship cryptocurrency Bitcoin. Once again, he didn’t disappoint, as BTC was the center of discussion in his latest media appearance. Bitcoin Going To $1 Million In an interview with CNBC, Michael Saylor stated that Bitcoin is going to $1 million if it isn’t going to “zero.” He noted that the “big question” in relation to BTC’s potential was whether or not the digital asset was legitimate. According to him, if Bitcoin…
InfoStealers, a publication covering the Darknet and data breaches, reported that three computers belonging to law enforcement officers from Taiwan, Uganda, and the Philippines were compromised in a global malware campaign in 2023, leading to stolen browser-stored credentials and unauthorized access to Binance’s login panel. Source
7RCC’s crypto ETF differs from those of other similar products. 80% of it will consist of Bitcoin, while the rest will hold carbon credits futures Crypto asset management firm 7RCC might be the latest in a long list of firms seeking a spot Bitcoin exchange-traded fund (ETF) approval. This follows after the ESG-focused firm recently applied with the Securities and Exchange Commission (SEC). According to the filing, 7RCC is hoping to get the nod for its spot bitcoin and carbon credits futures ETF. 7RCC was founded in 2021 with a…
The court order goes beyond financial penalties. It requires Binance and CZ to make certifications regarding the existence, application, and effectiveness of Binance’s enhanced compliance controls. The US Commodity Futures Trading Commission (CFTC) made a significant announcement, confirming that the US District Court for the Northern District of Illinois has approved the previously disclosed settlement for the Binance exchange and its executive. The court has finally entered a consent order outlining civil monetary penalties and equitable relief against the trading platform and its ex-CEO, Changpeng ‘CZ’ Zhao. The court findings…
ARK Invest, one of the applicants for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States, has continued to dump its holdings of Grayscale Bitcoin Trust (GBTC) stock with the sale of yet another significant batch of shares. On Dec. 18, ARK sold 809,441 GBTC from its ARK Next Generation Internet ETF (ARKW), according to a trade notification seen by Cointelegraph. Based on the closing share price of $34.5, the sale is worth $27.9 million, according to data from TradingView. This latest divestment further reduces ARK’s exposure to…
Warren asked for information on the employment of former government officials by crypto firms, highlighting concerns about the “revolving door” of public officials moving into private-sector roles and potentially influencing legislation and regulatory activities related to crypto, anti-money laundering and terrorist financing. Source