BitGo to Pay $93K to US Treasury to Settle 183 ‘Apparent’ Sanctions Violations

The expected payout to FTX creditors has more than tripled this year after a successful asset recovery.FTX marshaling over $7 billion of assets, its valuable stake in Amazon-backed AI-startup Anthropic and the potential restart of the exchange contributed, Matrixport said.The optimism about improving recovery pushed the bankruptcy claims market into a frenzy.The crypto exchange FTX’s

In a new report from Wintermute, the market maker and liquidity provider, said that its over-the-counter (OTC) volume was up 400% throughout the year as volumes moved off-exchanges.Wintermute said that during the first half of 2023, its OTC trading volume decreased, while the number of individual trades remained stable. In the second half of the

news Bakkt has tapped a former Cisco and IBM executive to lead its board of directors, according to an announcement Friday. Chairing Bakkt’s board will be Tom Noonan, described as “a cyber expert” and the founder of Internet Security Systems (which IBM acquired in 2006), JouleX (which Cisco acquired in 2013) and Endgame. He will…

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Trading volume in XRP on South Korean crypto exchanges surpassed that of bitcoin, topping 40% on UpBit and 35% on Bithumb and Korbit, indicating a high demand for XRP in the country. Traders warn of a correction in the coming days, however, which could damp short-term trading sentiment. Trading volume in XRP flipped that of

news Israel-based social investing platform eToro has launched a cryptocurrency trading platform and wallet service in the U.S. The firm announced Thursday that the new platform allows U.S. customers from 31 states and territories to trade 13 unspecified cryptocurrencies. Multi-asset trading is also scheduled for launch in Q1 of next year. eToro’s “social” model allows users…

Comfy is a tin can for storing nicotine pouches, like Zyn. ZynCoin founder Colton Kirkpatrick said some of the profits will go to token buybacks 06:07 Crypto Hopefuls Seek Value in Memecoins After Vitalik Buterin’s Tweets 10:48 Confusion From US Regulators; Markets Hit by ‘Vibe-Flation’ 02:23 Memecoins on a Tear, Outperforming Bitcoin 09:46 Global Macro

Consensys, one of the main supporters of the Ethereum network, claims the U.S. Securities and Exchange Commission (SEC) is attempting a power grab over Ethereum (ETH), the second-largest blockchain by market capitalization. And so, as natural, the Ethereum development company is suing, citing regulatory overreach.This is an excerpt from The Node newsletter, a daily roundup

news To keep up with the changing face of payments, the U.K.’s pensions and welfare division of government, the Department for Work and Pensions (DWP), says it is investigating distributed ledger technology. In a blog post published late last week, Richard Laycock deputy director at the DWP’s Digital Delivery Shared Platforms, said that improvements are planned across…