“Bitkub is currently in the process of resolving various issues as per the recommendations and orders of the Securities and Exchange Commission, Thailand, which are uncertain in terms of timeframe in resolving those issues. As a result, the Buyer and the Seller have agreed to terminate the Transaction,” Siam Commercial said. Source
Coinbase is hoping to spur massive adoption of the token, which will have several uses, after the Merge. “Our hope is that cbETH will achieve robust adoption for trade, transfer, and use in DeFi [decentralized finance] applications,” according to the whitepaper. “With cbETH, Coinbase aims to contribute to the broader crypto ecosystem through creating high-utility wrapped tokens and open sourcing smart contracts,” the whitepaper added. Source
Previously Bitcoin has been fluctuating between the $20K and $25K price marks. Billions of dollars have been wiped off due to the crash in its price, particularly in the last four weeks. The loss has become the primary cause of several firms’ liquidation issues in the crypto industry. Certain companies have taken hard steps to sustain and balance their financial stats. An example of such companies is Celsius, a crypto lending platform. In June, the company announced the suspension of withdrawals for users. It stated that the move was due…
Some of the largest securities firms in South Korea are on schedule to launch a virtual asset exchange in H1 2023, led by the Financial Investment Association. According to local news, the financial firms have applied for government approval to initiate the exchanges. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. An official from one of the securities companies said: “The discussions necessary for the establishment are currently being finalized internally. “Details…
Cryptocurrency exchange, Bitget announced on Wednesday the extension of its big-ticket sports sponsorship deal with the Italian football club, Juventus for another year. Originally, inked last September, the crypto company will continue to sponsor the football club in the 2022-23 playing season. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. With the extension, the branding of the crypto exchange will continue to appear on the sleeves of the jersey of the Juventus…
Authorities arrested Esteban Cabrera Da Corte, Luis Hernandez Gonzalez and Asdrubal Ramirez Meza Tuesday morning, alleging the group used stolen identities to purchase millions in cryptocurrencies on a “Cryptocurrency Exchange,” in 2020. The purchases were funded with bank transfers, and after buying the crypto, the men disputed the transactions with the banks, tricking them into reversing the transfers and redepositing the money into accounts controlled by the crime ring. Source BanksChargedCryptoDefraudingExchangeMiamiTrio CryptoX Portal
The report said the ProShares Bitcoin Strategy ETF (BITO) has begun rolling its August contracts into contracts that expire later, possibly causing downward pressure on the front-month contracts. Yesterday, BITO rolled over 1,000 August contracts and will roll over a further 3,000 August contracts by Friday. Previous times when the fund rolled over exposures, front-month contracts have tended to move toward discounts to spot, according to Arcane. Source
A major cryptocurrency selloff in June 2022 has sparked more interest in Bitcoin (BTC) from institutional investors, according to data from one of the biggest banks in Singapore. The total number of trades on DDEx more than doubled in June 2022 as compared to April 2022 amid the growing investor appetite for digital assets like Bitcoin and Ether (ETH). Buy orders on DDEx accounted for 90% of all trades in June as cryptocurrencies traded at notable discounts in mid-2022, DBS said. Compared to April 2022, the amount of Bitcoin purchased…
A sophisticated scam using deepfake tech managed to drain liquidity from a Brazilian crypto exchange. In June 2022, the FBI issued a warning that fraudulent investment scams on LinkedIn are rising. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. As LinkedIn is widely used for business networking, many find investment offers on the social media platform to be legitimate. Sean Ragan, the FBI’s special agent in charge of the San Francisco and…
Samsung Securities is among seven large South Korean securities companies that have applied for government approval to create a virtual assets exchange, according to a report in South Korean publication Newspim. The companies aim to create a corporation to open an exchange in the first half of next year. Newspim quoted an unidentified executive as saying that discussions on the project are now being finalized. According to the local coverage, Samsung Securities had been studying ways to develop and operate a securities token trading platform but was unable to recruit the…