CoinShares secures 116% return from FTX claim sale
CoinShares will reinvest $39.78 million from the sale of its FTX claim into growth opportunities and enhanced client services.
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Law Enforcement Requests to Shapeshift Rose 175% in Second Half of 2018
Law enforcement requests sent to Switzerland-based cryptocurrency exchange ShapeShift rose 175 percent in the second half of 2018, according to a new Compliance Transparency report published by the exchange Jan. 18.In a blog post accompanying the report, Shapeshift outlines that it typically receives requests from law enforcement agencies for data including crypto addresses (in or…
Upbit Promises Swift Reimbursement, Theories Over Missing Funds Swell
On Nov. 27, major South Korean cryptocurrency exchange Upbit announced that 342,000 Ether (ETH), accounting for roughly $50 million, were stolen from its hot wallet earlier that day. Details remain vague, and some users are suggesting an inside job, although experts are skeptical of the theory after analyzing the incident.The platform’s operator has promised to…
Russian central bank opposes ruble-pegged stablecoins
Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency. 1636 Total views 2 Total shares Senior officials at the Bank of Russia have come out against the issuance of private stablecoins pegged to the Russian ruble.Sergei Shvetsov, a first deputy governor of the Russian central bank, said that…
EU’s new crypto law: How MiCA can make Europe a digital asset hub
The European Union signed the Markets in Crypto-Assets (MiCA) regulations into law on May 31, making way for the landmark regulatory guidance on crypto assets and service providers to come into effect.First drafted in 2020, the EU’s regulatory package will govern the issuance and scope of services related to the cryptocurrency market. The European Parliament…
SEC chair issues warning to celebrities promoting crypto amid latest enforcement action
Gary Gensler said investors in crypto projects “should know why celebrities are making those endorsements,” as Kim Kardashian and Paul Pierce did for EMAX through social media. 216 Total views 15 Total shares Own this piece of history Collect this article as an NFTThe United States Securities and Exchange Commission has announced a $1.4-million settlement…
Judge rejects SEC’s motion to file an appeal against Ripple ruling
District court judge Analisa Torres denied the SEC's motion to file an appeal, claiming that the regulator did not meet its burden to show that were substantial grounds for difference of opinion. 387 Total views 2 Total shares District court judge Analisa Torres has rejected the United States Securities and Exchange Commission's (SEC) motion to
Report: Stablecoins See Significant Growth in Adoption Over Recent Months
According to analysis by research firm Diar published Dec. 10, the adoption of stablecoins is growing based on the increasing number of on-chain transactions.Per Diar, four major stablecoins to date — USDC, True USD (TUSD), Paxos (PAX) and the Gemini dollar (GUSD) — have broken the $5 billion mark in on-chain transactions within the three-month…
Stocks may push Bitcoin to $10.8K, says trader as USD bull run falters
The U.S. dollar currency index caps six days of gains with fresh resistance, while stocks could give Bitcoin a fresh boost, says Michaël van de Poppe. Bitcoin (BTC) may get a “relief” rally closer to $11,000 as stock markets recover and concerns remain over the U.S. dollar.In a tweet on Sep. 8, Cointelegraph Markets analyst…