US government among largest Bitcoin hodlers with over $5B in BTC: Report
The $5 billion estimation is based on three major seizures linked to the Bitfinex hack and Silk Road, meaning the actual holdings could be much larger. Go to Source
Bitcoin Regulation
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Hong Kong police recover $11M worth of assets in JPEX case: Report
The JPEX scandal has grown to become one of the largest fraud cases in the country, with over 2,300 victims and losses estimated at over $175 million. Go to Source
Bitwise amends spot Bitcoin ETF application with new, detailed argumentation
The amendments tackle arguments made by the SEC against the use of the CME BTC futures market for surveillance sharing. Go to Source
Bitcoin gains legal recognition as digital currency in Shanghai China
A similar report from another Chinese court earlier in September recognized cryptocurrencies as virtual properties protected by law. Go to Source
Chamber of Digital Commerce launches Digital Power Network miners’ coalition
The new advocacy group already represents over half the country’s Bitcoin hash rate and will seek to shape energy policy and champion Bitcoin and blockchain. Go to Source
Malta begins public consultation on revised crypto rules to align with MiCA
Malta has joined France and other EU nations in revising its existing crypto regulatory policies to align with MiCA coming into effect in December 2024. Go to Source
South Korea focuses on OTC crypto regulations as unlawful deals reach $4B
According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using virtual currency was estimated to be worth $4 billion last year. Go to Source
South Korean Bitcoin lender Delio plans to sue regulators: Report
South Korean financial regulators accused Delio of fraud and embezzlement and seized its assets in July earlier this year. Go to Source
Binance crypto exchange saw departure of 10 key executives in 2023. Here’s the list
Binance CEO Chang Peng Zhao sought to dismiss concerns around executive departures, claiming these executives are moving into bigger roles outside Binance, and said reports are market FUD. Go to Source
Rejection of crypto bill exposes Aussies to ‘unregulated market’ — Senator Bragg
Senator Andrew Bragg says rejecting his crypto bill will drive investment away from Australia but lawyers claim it’s part of a bigger regulatory picture. Go to Source
