Genesis, a defunct cryptocurrency firm, has been given the go light by a court to sell off its approx. 35 million Grayscale Bitcoin Trust (GBTC) shares. The crypto firm is now approved to sell its around $1.3 billion worth of GBTC after months of litigation were ultimately dismissed by the
February 15, 2024 2 mins read
The chairman of the U.S SEC, Gary Gensler, said in an interview with CNBC today that Bitcoin accounts for the majority of ransomware. The asset and the industry as a whole have Gensler’s persistent disdain. This is despite the fact that eleven Spot Bitcoin ETFs were approved by the SEC
February 14, 2024 2 mins read
Cryptocurrency regulation is necessary to reduce financial crimes, particularly money laundering, says Adedeji Owonibi, Co-founder of A&D Forensics, a blockchain intelligence service provider in Nigeria. At a Blockchain and Digital Forensics firm’s training for crypto compliance professionals on February 9th, Owonibi brought this up. He brought out the fact that
February 11, 2024 1 min read
At long last, the spot Bitcoin ETF that ARK Invest and 21Shares launched has entered the ranks of products with $1 billion in AUM. More than $1 billion worth of Bitcoin was recorded in 21Shares’ ARKB, its joint spot Bitcoin ETF with ARK Invest, as of February 9, according to
February 11, 2024 1 min read
An alert has been issued by the Hong Kong Securities and Futures Commission (SFC) and the local police force about a scammer claiming to be MEXC, a cryptocurrency exchange. Allegedly, the impersonator is stealing money by tricking would-be investors. As part of its larger efforts to monitor and investigate unlawful
February 10, 2024 1 min read
As regulatory hurdles continue to pile up, crypto exchange Binance has stated its plan to sell its shares in GOPAX, a significant exchange in the South Korean crypto market. As the biggest stakeholder with a substantial 72.26% stake, Binance established its relationship with GOPAX via its purchase of the exchange.
February 8, 2024 1 min read
According to reports, OKX is under investigation by the Financial Intelligence Unit (FIU) of South Korea due to claims that the company was running an unlicensed crypto exchange. An inquiry against the exchange was initiated when the Digital Asset Exchange Association (DAXA) informed the FIU about OKX’s operations, as reported
February 7, 2024 1 min read
UNKJD Studios (previously ‘Uncaged Studio’), well recognized for its Web3 game MonkeyLeague, presents UNKJD Soccer as its new brand. It has a new vision to create the brand on the three main pillars of IP, game, and Web3, with the goal of going beyond the mobile soccer game. With new sports
February 7, 2024 2 mins read
Following Binance’s announcement that it would delist the Monero (XMR) privacy coin from its platform, the price of the privacy-focused cryptocurrency fell to levels not seen in months. Binance said on February 6 that Monero (XMR) would be delisted from the exchange on February 20, 2024, along with other currencies
February 6, 2024 2 mins read
Revolutionary blockchain infrastructure project Orbs has stated that it is working on Orbs V4, the next significant version of its network protocol. V4, which is seen as an important upgrade, is intended to improve the reliability and efficiency of Orbs’ Layer 3 technology, readying the network for an anticipated spike in
February 6, 2024 2 mins read
