Bittrex Global CEO commends Thailand’s firm regulatory approach towards crypto

In an interview with crypto.news Oliver Linch, CEO of Bittrex Global, discussed Thailand’s regulatory direction regarding the cryptocurrency sector. Thailand’s Securities and Exchange Commission (SEC) has intensified its regulatory framework to curb unlicensed crypto activities, citing fraud and money laundering concerns. “The SEC warns people and investors to be cautious about using unauthorized digital asset operators because they do not receive legal protection,” the regulator said in a statement. The commission banned access to unlicensed crypto exchanges last month and introduced significant changes aimed at fortifying the digital asset market.…

UK Shuts Down Crypto Advisory Firm for Misleading Investors and Poor Financial Records

The UK government announced this week that the Insolvency Service has secured a winding-up order against cryptocurrency advisory firm Amey Finance Academy Ltd at the High Court. The company, created by Desmond Amey in 2018, claimed to offer investment advice and financial education. However, complaints emerged that consumers lost money, and the Financial Conduct Authority […] Source CryptoX Portal

Why Did Bitcoin Just Jump 10%? Blockchain Firm Weighs In

The cryptocurrency market has been on a hot streak in the past few days, with several large-cap assets posting significant gains in the past week. Most notably, the Bitcoin price bounced back from around $61,000 to above $67,000 for the first time in nearly a month. As expected, this latest price movement has sparked a lot of speculation and discussion around the premier cryptocurrency. Popular blockchain analytics firm CryptoQuant has shared on-chain insights into the recent Bitcoin price rally and its future trajectory. How Did Bitcoin Price Reach $67,000? In…

Crypto and DeFi Wallet Firm Fordefi Gets Cover from Insurance Giant Munich Re

“The policy covers external cyber threats and attacks that would compromise the platform, as well as internal fraud or employee collusion,” Schwartz said in an interview. “[Munich Re] is not involved at the smart contract level, but is getting involved with the most active players in DeFi, starting with a framework that they are comfortable with, i.e. the security of the private keys and the wallet components.” Source

From Historic Banking Family to BTC — Rothschild-Linked Firm Invests in Bitcoin ETFs GBTC and IBIT

According to a recent earnings filing, Edmond de Rothschild Holding S.A., a private banking and asset management entity linked with the distinguished Rothschild banking family from France, holds shares in Grayscale’s GBTC and Blackrock’s IBIT. Edmond de Rothschild Holding’s 13F Filing Reveals Investment in Grayscale and Blackrock Bitcoin ETFs For years now, speculative discussions on […] Original

Biden Orders Chinese-Backed Crypto Mining Firm to Divest Land Near US Missile Base

President Joe Biden has issued an order that blocks Mineone Partners Ltd., a Chinese-backed cryptocurrency mining company, from owning land near Wyoming’s Francis E. Warren Air Force Base, which is a strategic missile base. This measure requires the divestment of land used for crypto mining and the removal of surveillance-capable equipment, citing national security risks. […] Source CryptoX Portal