Mt. Gox-labeled wallets move billions in Bitcoin amid hopes of payback

Bitcoin’s failure to hold $60,000 shows hesitation to buy at higher levels before the FOMC decision on Sept. 18.

The chairmen of two United States financial regulators, the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) testified before Congress today, May 8.The hearings before the Senate Committee on Appropriations served to inform the Senate on the agencies’ budgetary needs while outlining various objectives and initiatives.In their respective testimonies, SEC Chairman…

The Israeli government is now reportedly in the process of reviewing several crypto firms to issue operating licenses. 1589 Total views 32 Total shares Israel has reportedly enacted new regulations related to the cryptocurrency industry in order to combat illegal activities such a money laundering and terrorism financing.The government of Israel enforced new Anti-Money Laundering…

According to blockchain analytics firm CryptoQuant, OKX has the largest clean asset reserves of all the major exchanges. 893 Total views 30 Total shares Own this piece of history Collect this article as an NFTCrypto exchange OKX disclosed $7.5 billion in reserves of Bitcoin (BTC), Ether (ETH) and Tether (USDT) as part of its monthly…

AfriCrypt’s founders deny running off with billions in customers funds, asserting they went into hiding after receiving death threats from “dangerous people.” 726 Total views 4 Total shares Raees Cajee, the co-founder of South African crypto investment platform AfriCrypt, has denied claims that he and his brother ran off with billions in investor funds, asserting…

Brian Brooks, the chief legal counsel at major United States digital wallet and exchange Coinbase, has responded to concerns that conflicts of interest could compromise the company’s newly-created Crypto Ratings Council.In an interview with crypto media outlet The Block on Oct. 3, Brooks addressed concerns that the Council’s compliance guidance might be affected by the…

According to YCharts data, the average transaction fee of Bitcoin (BTC) has dropped from $4.40 to $1.80 this year, a decrease of 57.97%. This rise may be attributed to a variety of factors. One explanation is that the fast expansion of the Bitcoin Lightning Network, in which transactions are off the blockchain, may have been a…

The President’s Working Group on Financial Markets expects to deliver regulatory recommendations for stablecoins in the coming months. 774 Total views 4 Total shares United States Treasury Secretary Janet Yellen has told financial regulators that the government must act quickly to establish a regulatory framework for stablecoins.The comments came at Monday's meeting of the President's…

Major United States-based cryptocurrency exchange Coinbase that it made Stellar’s Lumens (XLM) trading available also to those users who reside in New York.The exchange made the announcement in a tweet sent by its official Twitter account on Sept. 25. New York state residents can now trade, store, send and receive Stellar Lumens using both the…