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A seasoned cryptocurrency whale, active since 2017, has made a significant move in the Binance Coin (BNB) market after an 11-month hiatus. On September 17, 2023, this OG address withdrew 26,150.997 BNB from Binance at an average price of $216 per token. This strategic purchase has since yielded a substantial profit of $7.61 million, reflecting … Read more
According to the latest report from CoinShares, digital asset investment products experienced net inflows of $176 million last week, as investors took advantage of recent price dips to increase their positions. Ethereum led the way with impressive inflows of $155 million, bringing its year-to-date total to $862 million—the highest since 2021. Bitcoin, meanwhile, saw more … Read more
The recent market downturn has taken a toll on Ethereum, leaving only 66% of addresses in profit, a significant drop reminiscent of October 2023, when Ethereum was trading around $1,800. This decline has pushed a substantial portion of Ethereum holders into the red, marking one of the lowest profitability levels seen in nearly a year. … Read more
The Superintendence of Data Protection, Ecuador’s data protection agency, stated that it lacks the resources needed to assess the compliance of Worldcoin, the biometric and universal basic income (UBI) project, with the country’s laws. The head of the institution, Fabrizio Peralta-Diaz, lamented this situation, stressing that it needed access to the necessary tools to examine … Read more
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities that El Salvador is opening for other countries to receive help from international institutions like the IMF even when adopting bitcoin as legal tender. Latam Insights Encore: El … Read more
Selangor police in Malaysia are pursuing four local suspects connected to the July 11 kidnapping of a Chinese national and a Malaysian woman near the Lebuharaya Maju Toll Plaza in Cyberjaya. Selangor Police Chief Datuk Hussein Omar Khan disclosed that three men and a woman remain at large, while 14 others involved have been apprehended … Read more
The Thai Securities and Exchange Commission (SEC) has launched a Digital Asset Regulatory Sandbox, allowing crypto services to be tested in a controlled environment. This initiative aims to promote innovation in Thailand’s capital market by accommodating six specific digital asset-related services, including exchanges and custodial wallet providers. Thai SEC Launches Digital Asset Regulatory Sandbox The … Read more
New Jersey’s Attorney General, the Division of Consumer Affairs, and the Bureau of Securities have urged investors to immediately withdraw funds from crypto platform Abra. This follows a multi-state investigation into the platform’s alleged violations of state securities laws. Affected investors will receive refunds, with crypto assets being converted to U.S. dollars. New Jersey Investors … Read more
The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to pay existing investors and promoters. SEC Charges Novatech Ltd. in $650 Million Crypto Fraud Case … Read more
The recent announcement of the custody change of WBTC, a wrapped version of bitcoin, has prompted a negative reaction in decentralized finance (defi) protocols that reject Justin Sun’s disclosed relation with the project. Bitgo is moving WBTC custody to a joint venture with Bit Global, another custodian, to diversify custody locations and decentralize private keys … Read more