Category: Latest news

[ad_1] Most crypto trading volume has historically come from outside the U.S., with Asia being the largest cryptocurrency market. However, there has been a notable shift in this dynamic in the past several months, with the U.S. returning to its position as the dominant force in the Bitcoin market. This shift is evident when analyzing…

[ad_1] David Schwartz, CTO of Ripple, recently shared his thoughts on the changing dynamics of U.S. securities law. Specifically, he addressed its application to digital assets and underscored the necessity for legislative clarity to pave the way for balanced regulation. Schwartz underscored the flexible nature of the Howey test, which serves as a cornerstone for…

[ad_1] Genesis Global and its parent company, Digital Currency Group (DCG), are closing in on a settlement agreement, according to a Nov. 28 court filing. The filing includes an amended settlement plan that both companies have agreed on and urged other stakeholders to vote in favor. In a complex bankruptcy case, Genesis Global had previously…

[ad_1] The U.S. Treasury Department has sanctioned the cryptocurrency mixing service Sinbad.io (Sinbad) for its role in enabling money laundering by North Korean state-sponsored hacking groups, according to a Nov. 29 press release. According to the Treasury Department, Sinbad has allegedly processed millions of dollars worth of cryptocurrency stolen in high-profile cyberattacks attributed to the…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Paxos has obtained in-principle approvals from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM). These approvals mark a significant step for Paxos in the region, allowing it to issue US dollars and other currency-backed stablecoins and offer crypto-brokerage and custody services from its regulated ADGM entities. This development is…

[ad_1] Wormhole, the messaging protocol enabling cross-blockchain communication, has made headlines by securing a landmark $225 million in funding, valuing the company at $2.5 billion. Fortune reported the news as the company completing “the largest funding round for a crypto project in 2023.” The funding round attracted diverse backers, including Brevan Howard, Coinbase Ventures, Multicoin…

[ad_1] Cristiano Ronaldo, the renowned football icon, has become the subject of a class-action lawsuit filed by the same two plaintiffs who previously sued Changpeng Zhao (CZ), the former CEO of Binance, for $1 billion. The Ronaldo suit, which also seeks a staggering $1 billion in damages, may raise questions, particularly given the striking similarities…

[ad_1] The UK government has revised its approach to taxation on crypto, introducing a more structured process for reporting and paying any unpaid taxes in this domain. As per HM Revenue & Customs’ latest publication, dated Nov. 29, individuals and entities dealing with “cryptoassets” must adhere to specific guidelines to ensure compliance with tax obligations,…

[ad_1] Quick Take This November, the aggregated monthly trading volumes of CME Bitcoin futures have spiked to an impressive $70 billion. This considerable surge, denoting a heightened investor interest, parallels the top of the bull market for Bitcoin observed in Nov. 2021 when the trading volume touched  $80 billion. Volume and OI of CME Bitcoin…