Tag: Report

Wanted Russian Parliament Member May Own a Crypto Broker in Moscow: Report

According to Dossier, an OTC called Bankoff is operating from an office owned by a company directed by Lugovoi’s wife, Ksenia. Bankoff appears to be the most active trader on Binance’s peer-to-peer marketplace for deals with Russian ruble, with the highest daily trading volumes, according to Dossier’s research. The almost non-existent know-your-customer/anti-money laundering (KYC/AML) procedures allow users to buy and sell crypto via Bankoff without revealing their identity, Dossier said. (An OTC is a broker-dealer as opposed to a centralized exchange.) Source BrokerCryptoMemberMoscowParliamentReportRussianWanted CryptoX Portal

Sam Bankman-Fried agrees to US extradition ‘to put the customers right’: Report

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Former FTX CEO Sam Bankman-Fried, currently in the custody of Bahamian authorities, has reportedly agreed to be extradited to the United States to face charges. According to a Dec. 19 report from Reuters, Bankman-Fried’s legal team said it planned to prepare documents to have him reappear before the Bahamas Magistrate Court sometime this week. The former FTX CEO attended an emergency hearing of the court just hours earlier without any seeming adjudication or ruling — he returned to prison following the event. “Mr. Bankman-Fried wishes to put the customers right,…

Boris Johnson’s brother steps down as Binance adviser amid concerns over the exchange: Report

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Jo Johnson, the brother of former United Kingdom prime minister Boris Johnson, has reportedly stepped down from his role as an adviser to Binance, according to a report by the U.K.’s Telegraph.  According to the report, Jo Johnson had been advising Binance during the exchange’s efforts to expand into the United Kingdom. The former British prime minister’s brother, also known as Lord Johnson of Marylebone, reportedly took up a role on the U.K. advisory board of one of Binance’s subsidiaries, Bitfinity, in September.  The Telegraph reports that he resigned last week…

Sam Bankman-Fried wants to see indictment before extradition to US: Report

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Former FTX chief executive officer Sam Bankman-Fried, who is currently facing multiple charges related to wire fraud and securities fraud, reportedly said he wanted to see the indictment against him before agreeing to extradition to the United States. Appearing in an emergency hearing of the Bahamas Magistrate Court on Dec. 19 for the first time since his bail was denied, Bankman-Fried reportedly said he was willing to not fight the process required for extradition to the United States but wanted to see all the charges against him. He spent the last…

Nigeria Set to Recognise Crypto as Investment Capital: Report

If passed, the proposed Investments and Securities Act, 2007 (Amendment) Bill, will also define supervisory roles for the Central Bank of Nigeria and the securities and exchange commission (SEC) with respect to digital currencies, Babangida Ibrahim, chairman of the House of Representatives Committee on Capital Market and Institutions, told Punch. Source

Whales Accumulate $726 Million In Bitcoin, Report Shows

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Bitcoin and the crypto market have been of late seeing most prices of crypto in red, with little hope for an uptrend, at least based on charts. The past few weeks have seen growing fear and doubt about the asset class. However, despite the recent trend in the market, the primary crypto asset, Bitcoin, is recording an increase in whale transactions. The big shots have gathered more BTC in the past fortnight, valued at hundreds of millions of dollars. Bitcoin Gets Massive Whale Accumulation According to data from Santiment, a…

Sam Bankman-Fried seeks to reverse decision on contesting extradition: Report

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Sam Bankman-Fried, former FTX CEO, has reportedly reconsidered his earlier decision to contest extradition and is expected to appear in court in the Bahamas on Dec. 19 to seek a reversal, Reuters reported on Dec. 17 citing a person familiar with the matter.  By consenting to extradition, Bankman-Fried would be able to appear in a United States court. He faces charges of conspiracy to commit wire fraud on customers and lenders, securities fraud, commodities fraud, money laundering and conspiracy to defraud the United States and violate the campaign finance law.…

5 key takeaways from Huobi 2022 crypto industry report

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Over the last year the crypto, and greater Web3 industry has seen a rollercoaster of loss, growth and innovation — and the data shows. In the latest industry report from cryptocurrency exchange Huobi, “Global Crypto Industry Overview and Trends,” trends and stats were pulled from the industry on everything from nonfungible tokens (NFTs) and the metaverse to centralized exchange (CEX) usage and regulations. Despite the turmoil of major events like the FTX collapse, Terra’s implosion and 3AC bankruptcy, the industry still accounted for approximately 320 million crypto users worldwide in the…