cryptocurencies
NZ Central Bank Governor Warns About Stablecoins
Adrian Orr, Governor of the Reserve Bank of New Zealand (RBNZ), has raised major concerns over cryptocurrencies, especially stablecoins, during a parliamentary finance committee meeting on Feb. 12. Orr argued that stablecoins, despite their name, lack stability and are not a viable alternative to traditional fiat money. He criticized these tokens as “the largest misnomers” […]
Swan Bitcoin Unveils New Mining Unit, With 750 BTC Mined Already
A Bitcoin-focused financial services firm, Swan Bitcoin, recently launched its BTC mining unit, Swan Mining. According to CEO Cory Klippsten, Swan has been operating a mining arm since July last year that’s now coming out of “stealth mode.” Klippsten stated: “Swan Mining is a great example of our company thesis playing out. With our exclusive focus […]
US SEC Sets Deadline For Spot Bitcoin ETF Applicants
Applicants for a spot Bitcoin exchange-traded fund (ETF) have just a few days to make final changes to their filings to meet a looming deadline set by the US Securities and Exchange Commission (SEC). The regulator has set a deadline for spot BTC ETF applicants to file final S-1 amendments by December. 29, Reuters reported […]
CoinList Settles $1.2 Million with OFAC over Crimea Transactions
CoinList, a US cryptocurrency exchange, pays USD 1.2 million for violating sanction facilitation claims by OFAC. On December 13th, OFAC announced that Coinlist processed about 989 orders meant for customers of Crimea, a Russian occupation peninsula, between April 2020 and March 2022. While OFAC categorized the apparent sanctions violations as “non-egregious,” it emphasized that CoinList […]
Binance Guilt Admission Sought by SEC in Own Case
Binance Holdings and its former CEO, Changpeng Zhao, have responded to the United States Securities and Exchange Commission’s (SEC) attempt to include Binance’s admission of guilt to the Department of Justice (DOJ) in the ongoing legal proceedings on December 12, 2023. Binance Rejects SEC’s $4.3B Claim: Legal Showdown Unfolds In a filing submitted to the […]
Binance Confronts Legal Challenges: Analysts Assess the Future of BNB
Binance, one of the leading global crypto exchanges, is currently navigating legal challenges. Despite the hurdles, market analyst Ali believes it can bear this storm even better. However, investors should watch for BinanceCoin (BNB) as the cryptocurrency experiences a descending triangle in its weekly chart, indicating a change in market dynamics. Crypto analyst Ali has […]
Phoenix Group Postpones Bitcoin Mining Share Listing
Phoenix Group’s planned public trading debut on the Abu Dhabi Securities Exchange has been rescheduled for December 5, 2023, in observance of the UAE National Day. Phoenix Group, a crypto mining company, is gearing up for its anticipated public trading debut. The presale on Nov. 21 witnessed significant oversubscription, paving the way for the company’s […]
KyberSwap Offers 10% Bounty To Hacker Following $46M Exploit
The decentralized exchange KyberSwap has offered a 10% bounty to the hacker who stole $46 million on November 22. This move comes in response to a message left on the blockchain by the hacker. KyberSwap alerted users on Nov. 23 that its liquidity solution, KyberSwap Elastic, was compromised and urged them to withdraw funds. The […]
LHV Bank Co-Founder Has $470M Worth Of Ethereum, But Lost His Private Key
Rain Lõhmus, the co-founder of Estonia-based LHV Bank, has been identified as the owner of an Ethereum wallet containing 250,000 ETH purchased during an initial coin offering (ICO). Currently, the holding is valued at an impressive $470 million. Unfortunately, he lost the keys and can’t access it. Inactive Ethereum Wallet With 250K ETH Leaves Investors […]