China Supreme Court revises Anti-Money Laundering law to include ‘virtual assets’
Supreme People’s Procuratorate said there has been a 20-fold increase in people prosecuted for money laundering since 2019.
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New York Attorney General sues Gemini, Genesis, DGC for allegedly defrauding investors
A filing from New York Attorney General Letitia James alleges that the cryptocurrency companies defrauded investors of over $1 billion. 345 Total views 3 Total shares New York’s attorney general has filed a lawsuit against cryptocurrency firms Gemini, Genesis and Digital Currency Group (DCG) for allegedly defrauding investors through the Gemini Earn investment program.An official statement
Crypto Biz: Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub
It’s been another week of mixed developments in the crypto industry, with established players winding down operations while newcomers introduce new crypto features and services. Binance’s buy-and-sell crypto arm was shut down on Aug.16, with the crypto exchange remaining under widespread regulatory scrutiny, affecting key partnerships for its operations worldwide. Crypto custodian Prime Trust filed for…
Bitcoin Back Near $12K as BTC Shorters Lose $44 Million in One Morning
Bitcoin price (BTC) reached $12,000 on some exchanges on July 8 after a fresh uptick saw daily gains top another 6%. Market visualization courtesy of Coin360Data showed BTC/USD just hit its latest significant psychological level in trading at press time, having begun the day below $11,500. On major exchanges, USD spreads meant bitcoin was yet to reach…
Bitcoin bulls lie in wait as US dollar strength hits 5-month lows
BTC price performance gains some positive tailwinds, but Bitcoin faces a potential top for U.S. stocks. Own this piece of crypto history Collect this article as NFTBitcoin (BTC) continued to hold key support on Dec. 2 as United States stocks fell on the Wall Street open.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDXY weakness offers hope…
Rothschild Investment Corporation increases stake in GBTC as institutional adoption grows
The institutional investment manager holds 30,454 shares of Grayscale’s GBTC, according to a new SEC filing. And no, the firm is not part of the Rothschild family dynasty. 319 Total views 3 Total shares Rothschild Investment Corporation, a leading Chicago-based financial institution founded in 1908, has invested heavily in Grayscale’s Bitcoin Trust, according to a…
Impersonation scams in crypto, explained
Understanding impersonation scams in crypto In impersonation scams, fraudsters pretend to be reliable individuals, exchanges or services to trick users into sending cryptocurrencies or disclosing personal information.In the context of cryptocurrencies, due to the pseudonymous nature of cryptocurrency transactions and the level of relative secrecy they provide, impersonation scams are common. So, how do impersonation
In for the Long Haul — How the New Long-Term Stock Exchange Can Help the Crypto Industry
One of the most significant introductions that blockchain has made available in recent years is adding new tools through which companies can raise capital. The technology has made it possible to raise funds for a project from investors of just about any pocket size through initial coin offerings (ICOs) as well as security token offerings…
Bitcoin Price Back Below $8K After Failing to Crack ‘Heavy Resistance’
Bitcoin (BTC) regained $8,000 on Oct. 23 after a fresh bearish move canceled out progress towards the top of its trading range. Cryptocurrency market daily overview. Source: Coin360Bitcoin rejected at $8.3KData from Coin360 showed another frustrating 24 hours for BTC investors, who on Tuesday watched as markets briefly passed $8,300 before tumbling to a low of…