Month: March 2024

Investors withdraw $350m worth of ETH, USDT, USDC from KuCoin

KuCoin users have withdrawn a massive amount of Ethereum (ETH), USDT and USDC from the exchange over the past 24 hours. According to data provided by Coinglass, KuCoin witnessed a total of over $350 million in withdrawals over the past day: 19,722 ETH (worth $70.2 million), 275.3 million USDT, and $4.5 million USDC. The massive withdrawals come almost a day after two KuCoin founders, Chun Gan and Ke Tang, faced money laundering charges from the U.S. Department of Justice.  U.S. Attorney Damian Williams claimed that KuCoin processed over $5 billion…

Layer-1 Blockchain Peaq Raises $15M to Fund Expansion of Its Decentralized Physical Infrastructure Ecosystem

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Crypto Exchange OKX Quietly Settled ‘Failings’ Related to Okcoin With Malta Financial Services Authority (MFSA)

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“On 22 January 2024 the MFSA agreed to settle pending matters with the Company after demonstration of goodwill by the Company,” the regulator said. “Additionally, the Company and the MFSA have also agreed on a number of measures, including the appointment of an independent third-party service provider, to inter alia, review the adequacy of the Company’s governance arrangements.” Source

Spot Bitcoin ETFs record recovery, cups $418 million intraday inflows

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Spot Bitcoin ETFs have witnessed a recovery this week as the crypto market rebounds, accruing inflows worth $418 million on March 26. Data from investment management firm Farside Investors confirms that the ETF market is leveraging the latest Bitcoin (BTC) resurgence. Notably, the $418 million inflows represent the highest amount of capital flows into these products since March 13. Individual performances show the Fidelity Wise Origin Bitcoin (FBTC) outperformed BlackRock’s iShares Bitcoin Trust (IBIT) for the second consecutive day this week, having attracted the highest inflow on March 26, amounting…

Investors eye XRP, LUNC, and NuggetRush as Bitcoin halving nears

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The NuggetRush (NUGX) presale is attracting web3 investors, as the Bitcoin halving event rapidly approaches. NuggetRush combines gaming rewards with tangible assets like gold, gaining traction and raising over $3.3 million in funding. Ripple focuses on cross-border payments, while Terra Classic offers stable global payments, both positioned for growth amid the Bitcoin halving. The crypto community awaits the upcoming Bitcoin halving, just a few weeks away. With this event…

Litecoin ETF Rumors Fuel 10% Surge, Institutions Hint At Interest

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Rumors regarding a potential spot Litecoin (LTC) Exchange-Traded Fund (ETF) have sparked a significant price surge, with the digital asset gaining 10% amid speculation of institutional interest. Fox Business journalist Eleanor Terrett, through a post on X (formerly Twitter), unveiled insights suggesting growing institutional intrigue towards a Litecoin ETF. Terrett shared, “SCOOP: Hearing rumblings on the institutional level about possible interest in a Litecoin ETF. The logic is that because of LTC functional similarities to BTC, the SEC may be more inclined to approve it, possibly even more so than…