Will BlackRock’s ETF slingshot Bitcoin’s price skyward?
Have the world’s largest financial firms finally “seen the light” with Bitcoin? Will demand outstrip supply, making a BTC price rise inevitable? Go to Source Powered by WPeMatico
Exchanges
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Bitcoin miners send record $128M in revenue to exchanges
Bitcoin miners have sent up to 315% of their daily revenue to exchanges but BTC prices are yet to react. Go to Source Powered by WPeMatico
Binance SEC lawsuit could dent crypto exchange’s global plans
The U.S. SEC is issuing a spate of regulatory actions against major exchanges, including the world’s largest digital asset exchange, Binance. Go to Source Powered by WPeMatico
Exchanges pledged $2.5B to user protection funds amid FTX’s collapse: Report
Not all exchanges have disclosed wallet addresses for the funds, however. Go to Source Powered by WPeMatico
Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings
South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings. South Korean Law Enforcement Authorities Check Records From 3 Crypto Platforms Investigators from the Seoul … Read more
FTX Founder Bankman-Fried Seeks Dismissal of Charges Filed After Extradition
Former CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers insist that prosecutors have not obtained consent from Bahamian authorities for the additional counts. FTX’s Sam Bankman-Fried Urges Court to Drop Post-Extradition Charges Attorneys representing … Read more
Bitcoin fee spike spurs shift to Lightning Network: Binance and Coinbase line up
Binance announced plans to embrace the Lightning Network: which large crypto exchanges are Lightning ready, and which ones are yet to be struck? Go to Source Powered by WPeMatico
Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues
Binance has announced its intention of implementing Lightning Network, a layer 2 Bitcoin scaling protocol, on its platform after experiencing an episode of congestion regarding withdrawals on the Bitcoin network. The exchange had to pause bitcoin withdrawals twice due to a large backlog of operations stuck as a consequence of high transaction fees. Binance Announces … Read more
Binance Reportedly Investigated in US for Russia Sanctions Violations
Cryptocurrency exchange Binance is facing a U.S. probe over suspected violations of sanctions against Russia, according to a media report. The inquiry is looking into whether the trading platform was used by Russians to circumvent financial restrictions imposed over Moscow’s invasion of Ukraine. Crypto Exchange Binance Faces Another US Probe, Sources Say The U.S. Department … Read more
Ukraine, US Shut Down 9 Cryptocurrency Exchanges
Supported by U.S. law enforcement, police in Ukraine have disrupted a network of crypto exchange services suspected of laundering criminal proceeds. The platforms were allegedly processing dirty money obtained from ransomware attacks and various fraud schemes. Cyberpolice, US Investigators Bust Crypto Exchanges in Ukraine Officers from Ukraine’s Cyberpolice unit and Main Investigative Department, working with … Read more