Genesis Trading-labelled address moves $720M BTC to Coinbase, pointing to the start of asset liquidations

The crypto exchange blamed regulatory pressures and “compliance requests” from local financial regulators as the reason it terminated its services.

Bitcoin (BTC) and other cryptocurrencies have been compared to FAANG (Facebook, Apple, Amazon, Netflix and Google) companies due to their network effects, as reported by Cointelegraph. The rationale that the increase in people using a platform makes its value increase exponentially — as it happens with Facebook or the App Store — is applied to…

Binance claimed that its compliance infrastructure is among the best in the world which has helped them gain regulatory approval even in countries where they were deemed illegal until last year. 221 Total views 11 Total shares Global cryptocurrency exchange Binance has signed a memorandum of understanding (MoU) with the Financial Monitoring Agency of the…

CrossTower’s president said they would place extra emphasis on highly transparent and compliance-focused companies in light of the FTX collapse. 328 Total views 2 Total shares Crypto exchange CrossTower Inc., which is currently bidding for the assets of Voyager Digital, is reportedly window shopping for other crypto company acquisitions. In a Nov. 24 Bloomberg report, CrossTower…

The crypto asset overtook Tesla Motors in market capitalization following an announcement that the car manufacturer had invested in Bitcoin. 3070 Total views 16 Total shares Earlier this morning, Tesla Motors announced that it had allocated part of its balance sheet to Bitcoin. Not even two hours have passed, and the crypto asset’s market cap…

The new partnership offers investors extra choice and “mitigates the risks” of Australian crypto banking blocks, said Independent Reserve CEO Adrian Przelozny. 392 Total views 5 Total shares The CEO of Australian crypto exchange Independent Reserve says it has turned to payments giant PayPal to hedge against increasing bank restrictions against crypto exchange payments.The exchange…

Bitcoin tends toward strong performance in July, but Mt. Gox is weighing on hopes of a rebound.

Inflated valuations for crypto businesses have raised the bar for small investors to participate in the ongoing innovation. 112 Total views 1 Total shares As cryptocurrency continues to take over mainstream finance, formerly cautious investors across the globe are rethinking their stance of counting crypto as a bad investment. This change of heart leads to a…

In a recent panel, as part of a digital Unitize blockchain conference, ABI chief innovation officer Silvia Attanasio explained why the banking entity chose to go the decentralized blockchain route for Spunta — its blockchain solution built on enterprise blockchain platform Corda. If ABI had gone the decentralized route, the entity would have needed to locate a…