Month: July 2024

UK Regulator Fines Coinbase’s CB Payments $4.5 Million for Serving High-Risk Customers

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The UK Financial Conduct Authority (FCA) has fined Coinbase’s payments arm, CB Payments Limited, £3,503,546 for breaching compliance rules by serving high-risk customers despite restrictions. The regulator explained that this marks the FCA’s first enforcement action against a firm facilitating cryptoasset trading. The violations involved significant transactions undetected for almost two years. FCA Fines Coinbase’s … Read more

Skybridge Founder: Kamala Harris Open-Minded About Crypto

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Anthony Scaramucci, founder of Skybridge Capital, believes that U.S. Vice President Kamala Harris is open-minded about crypto. Criticizing the narrative that her administration is hostile toward cryptocurrency, he predicted that SEC Chair Gary Gensler will be fired and Senator Elizabeth Warren will be sidelined as financial services czar in a Harris administration. “Let’s keep crypto … Read more

Ripple CEO: Kamala Harris Could Reset US Crypto Regulation

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Ripple CEO Brad Garlinghouse believes that U.S. Vice President Kamala Harris “has an incredible opportunity to provide a reset on critical issues for U.S. competitiveness (like crypto regulation).” He noted that she is no stranger to Silicon Valley. Moreover, he cautioned against making assumptions based on political affiliation, warning that it could hold the crypto … Read more

US Bitcoin ETFs Draw $44.51M in Inflows; GBTC Sees Another Round of Outflows

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While U.S. spot ether exchange-traded funds (ETFs) experienced outflows on Wednesday, bitcoin ETFs saw inflows totaling $44.51 million. Blackrock’s IBIT led with gains of $65.99 million, followed by Ark Invest’s and 21shares’ ARKB with $3.29 million. While Blackrock Captures Nearly $66M, Grayscale Outflows Weigh in Again During Wednesday’s trading sessions, U.S. spot bitcoin ETFs accumulated … Read more

BlockDAG Shines Among Best Altcoins; BCH & XRP Whales News

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XRP Whales Shift Amid Bitcoin Cash Struggles; BlockDAG Presale Soars to $60.9M  with Alex Pereira’s Sponsorship  Investing in high-reward crypto coins is a strategic way to grow wealth in 2024, but it requires careful planning. The strategic moves of XRP whales, who have recently been making significant transactions, reflect shifting sentiments among large investors. Concurrently, … Read more

Whale With Ethereum Foundation Link Transfers 92,500 ETH Worth $288M 

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According to onchain data, a significant whale holding over 92,500 ether moved the funds to an unidentified wallet. Arkham Intelligence data suggests the funds may have been linked to the Ethereum Foundation, though this is not confirmed. Originally, the funds were transferred to a mysterious wallet on Sept. 1, 2015. Significant Ether Transfer Worth $288M … Read more

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