Gensler’s imminent exit triggers wave of crypto ETF submissions

Hong Kong crypto exchange JPEX busted in $166M scam, Mt. Gox delays repayments yet again, oldest credit card company in Singapore moves into blockchain. by Zhiyuan Sun 4 min September 21, 2023 Share Share Share Share Our weekly roundup of news from East Asia curates the industry’s most important developments. JPEX scandal grows to over

A claims process for Cryptopia creditors has started following a 2019 hack. 612 Total views 5 Total shares The liquidator of now-defunct cryptocurrency exchange Cryptopia has launched the claims process to reimburse creditors following a 2019 hack.Professional services firm Grant Thornton, Cryptopia’s assigned liquidator, officially announced on Dec. 9 that creditors can now start the…

Following the competition, a replica of Carlsen's NFT trophy was auctioned off to a fan for 6.88 ETH. 277 Total views 18 Total shares For the first time in chess history, grandmaster Magnus Carlsen has been awarded a nonfungible token (NFT) trophy for winning an international chess tournament, Meltwater Champions Chess Tour (MCCT). The tournament…

Canadian cryptocurrency exchange QuadrigaCX is reportedly not regulated by the British Columbia Securities Commission (BCSC), the province’s financial regulator, Reuters reported on Feb. 7.Vancouver-based cryptocurrency exchange QuadrigaCX was established in 2013 and is purportedly the first exchange in Canada to be licensed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).According to Reuters,…

French cryptocurrency hardware wallet company Ledger published a post on its official blog  on Feb. 14 apologizing for issues with a recent firmware update for its Ledger Nano S. Specifically, the update reportedly decreased the device’s storage capacity, which the firm has promised to remedy.“This was not planned obsolescence, simply put, we messed up. We…

On Aug. 21, the White House issued two advisories regarding illicit drug purchases in the United States that contain references to the specific cryptocurrencies allegedly used as a part of this process.The advisories were addressed to various financial institutions as well as digital payments platforms. The documents state:“An analysis of sensitive financial data indicates that…

Former director and promoter of the notorious Bitconnect Ponzi scheme, Glenn Arcaro, has pled guilty to fraud charges related to his role in the now-defunct crypto exchange and lending platformHe has been ordered to pay back $24 million to investors.In a parallel action in the long-running saga the United States Securities and Exchange Commission (SEC)…

Manuel Andersch, senior FX analyst at the Bayerische Landesbank has published a report, which suggests that the “forthcoming halving effect has hardly been priced into the current Bitcoin (BTC) price.” Using a stock-to-flow ratio metric, the report projects a target price of $90,000 for Bitcoin in 2020.Though there were great expectations for the launch of…

Charlie Shrem explains why he originally committed to crypto and how it has shaped his life. 426 Total views 8 Total shares Charlie Shrem has been involved in crypto longer than almost anyone. He likes to joke that he was one of the first ten people to ever hear about Bitcoin. He now hosts the…