Coinbase’s Grewal scrutinizes US GAO’s report on crypto’s role in sanctions evasion

Coinbase CLO Paul Grewal slammed the U.S. GAO’s crypto report as ‘shoddy work,’ accusing it of sensationalizing crypto’s role in sanctions evasion. Coinbase‘s Chief Legal Officer Paul Grewal has publicly criticized the U.S. Government Accountability Office’s (GAO) recent crypto report, accusing it of clickbaiting the topic of crypto usage in sanctions evasion. Grewal, who joined Coinbase in 2020, highlighted in an X thread several shortcomings in the GAO’s analysis and questioned the taxpayer funds allocated to what he called “shoddy work.” Zero comparative analysis performed. Heck, zero analysis whatsoever performed.…

Core Scientific and Iris Energy backer under SEC scrutiny, report says

Crypto-friendly bank B. Riley Financial Inc. is said to be facing an undisclosed investigation from U.S. authorities. The Los Angeles-based investment bank B. Riley Financial Inc. is reportedly under investigation by the U.S. Securities and Exchange Commission (SEC) for its transactions with a client associated with securities fraud, Bloomberg reports, citing sources close to the matter. According to the report, the investigation apparently linked to Brian Kahn, an unnamed co-conspirator in a U.S. Department of Justice criminal case linked to the 2020 collapse of the Prophecy Asset Management hedge fund.…

How Many Altcoins Died In The Past 10 Years, Report Shows

CoinGecko’s most recent report details the failure rate of cryptocurrencies in the last 10 years. Exhibiting the increasing number of “dead” altcoins over the years as projects deactivate, rebrand, lose trading activity, or are revealed to be scams. Related Reading: These Altcoins Are Showing Most Bullish & Bearish Divergences: Santiment An 11.01% Failure Rate For The Altcoin Sector The first half of the ten-year period that CoinGecko studied showed 1,546 dead cryptocurrencies, 11.01%% of the total amount. 2014 saw the death of 37 cryptocurrencies, 2015 had a lower number with…

Binance Unveils 2023 Full-Year Market Performance Report

The Binance report revealed that on-chain metrics indicated a remarkable resurgence in gaming activity in 2023. Binance, the world’s largest cryptocurrency exchange by trading volume, has released its yearly report on the digital assets industry for 2023 and a possible outlook for the new year. In a blog post published on January 15, 2024, the company revealed that the industry witnessed a significant comeback with a 109% increase in total market capitalization after the year-long turbulence in 2022. Market Resilience amidst Turbulence The report, authored by the Binance research team, JieXuan…

First Two Weeks Show Major Updates, Report

In a report from the educational tool Essential Cardano, the team behind Input Output Global (IOG) showed some of the latest updates to ship in the ecosystem. From performance to scalability, the network continues to implement improvements. Cardano has been regaining bullish momentum in the crypto market as the news of the spot Bitcoin Exchange Traded (ETF) fund in the US pushed the sector higher. At the time of writing, ADA’s price trades at $0.5 with a 7% profit in the last week. ADA’s price trends to the upside on…

BlackRock Reveals $4.63B in Q4 2023 Earnings Report, Acquires Global Infrastructure Partners for $12B

Figures reported by BlackRock for Q4 2023 beat the expectations of analysts as the company also purchased Global Infrastructure Partners. Giant asset manager BlackRock Inc (NYSE: BLK) has announced earnings for Q4 2023, with figures beating Wall Street expectations. According to reports, BlackRock had profit of $0.15, and $9.66 per share for earnings adjusted for restructuring and amortization costs. Also, the total revenue for BlackRock Inc’s Q4 2023 was $4.63 billion, which met expectations on Wall Street. In addition to BlackRock’s figures for Q4 2023, the company also announced the…

Apple Expunges Binance, Kraken, Kucoin, Huobi and Other Crypto Exchanges From App Store in India: Report

Apple has reportedly booted out several crypto exchanges from its app store in India amid allegations that most of these platforms are illegally operating in the country. TechCrunch reports that Binance, Kraken, Huobi, Gate.io, Bittrex, Bitfinex and OKX’s apps are no longer accessible on Apple’s India app store, though customers who have already installed them on their devices can still use them. The development comes after the nation’s Financial Intelligence Unit (FIU) accused Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXCGlobal and Bitfinex of violating the Prevention of Money Laundering…

Crypto.com, Bybit and Other Centralized Exchanges See Trading Volume Skyrocket in December: Report

New data reveals that prominent centralized exchange (CEX) platforms, including Crypto.com and Bybit, saw their trading volumes surge in December. According to blockchain reporter Colin Wu, in December, the overall spot trading volume of centralized crypto exchanges rose 27.4% month-on-month despite some of them seeing notable dips. “In December, the spot trading volume of major exchanges rose by 27.4% month-on-month. The top three in terms of percentage change were Gate at 65%, Crypto.com at 50%, and Bybit at 44%. The bottom three were BitMart at -24%, Bitget at -12%, and…