US crypto exchange Bittrex faces potential action from SEC: Report
Bittrex already started winding down operations by the time it received a notice on potential action from the SEC, the general counsel said. Go to Source Powered by WPeMatico
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Police in Kosovo Seize Crypto Mining Rigs From Serbs
Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan state. Kosovo Government Cracks Down on Crypto Mining in … Read more
Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils
Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent collapse. Terraform Labs Transferred Large Amounts of Money to South Korean … Read more
Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency
Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced by individuals who fear a digital currency could hinder “un-woke activities such as tax evasion and … Read more
Fight between crypto and governments “just getting started”, says ShapeShift CEO
The crypto industry needs to prepare for increasing government pressure as it ramps up its challenge to the State monopoly over money, says ShapeShift CEO Erik Voorhees. Go to Source Powered by WPeMatico
Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services
ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide Services to Crypto Exchanges Licensed in Hong Kong Hong Kong’s first … Read more
SEC targets DeFi in vote to revisit proposal concerning the definition of ‘exchange’
“It seems perverse to me that we would be encouraging centralization,” said SEC commissioner Hester Peirce prior to a vote on the proposal. Go to Source Powered by WPeMatico
Crypto lender Amber Group considers selling Japan unit: Report
Amber’s review of its Japan operation is part of a strategic shift towards institutional business and away from retail business. Go to Source Powered by WPeMatico
Crypto Exchange Bitrue Suffers $23 Million Hack
Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The trading platform suspended withdrawals until early next week to conduct additional security checks and promised to compensate the affected users. Bitrue Exchange Loses Crypto Assets Due to Hot Wallet Exploit Cryptocurrency exchange Bitrue announced Friday … Read more
Twitter Users to Trade Crypto Through Etoro
Social trading company Etoro has partnered with Twitter to will allow users of the microblogging platform to invest in cryptocurrencies and other assets. The move is viewed as a step towards turning the social media into a “super app,” a mission under Musk, providing financial and a range of other services. Musk’s Twitter Cashtags to … Read more