Category: Latest news

[ad_1] The U.S. Securities and Exchange Commission (SEC) said on Nov. 20 that it has filed charges against the cryptocurrency exchange Kraken. The regulator accused Kraken of operating an unregistered securities exchange, broker, dealer, and clearing agency. It alleged that Kraken has brought in hundreds of millions of dollars of revenue since 2018 by illegally…

[ad_1] Quick Take As the curtain begins to fall in 2023, data reveals a striking trend in the Bitcoin network – the on-chain settlement value has surged remarkably. The total value of coins transferred on-chain, measured in US dollars, has witnessed a significant leap from $105 trillion at the start of the year to a…

[ad_1] Bittrex Global announced that it will end most exchange operations and trading activity in the coming weeks in an announcement published on Nov. 20. The company wrote: “It is with great regret that we announce that Bittrex Global has decided to wind down its operations. This decision was not made lightly, and we understand…

[ad_1] The sale of cryptocurrency news site CoinDesk to a new owner has concluded, according to an announcement from the purchasing firm on Nov. 20. Bullish, a firm operated by former New York Stock Exchange President Tom Farley, said that it acquired the news site from its previous owner, Digital Currency Group (DCG). CoinDesk will…

[ad_1] Quick Take Bitcoin’s realized price, representing the aggregate on-chain acquisition cost, has hit its yearly high of $20,926. Concurrently, the short-term holder realized price – an indicator for coins outside exchange reserves moved within the last 155 days – has likewise achieved a yearly peak of $30,462. This ascension emphasizes an increased probability of…

[ad_1] Binance Holdings is in talks with the U.S. Justice Department (DOJ) to resolve allegations of criminal activities, including money laundering, bank fraud, and sanctions violations, via a settlement that could exceed $4 billion, Bloomberg News reported Nov. 20, citing sources. The development follows a years-long investigation by U.S. authorities into Binance’s operations related to…

[ad_1] Emmett Shear, OpenAI’s new CEO, wants to investigate the happenings at the company that culminated in the removal of former CEO Sam Altman. In a Nov. 20 statement on social media platform X, Shear outlined a 30-day plan comprising three key objectives: restructuring the management and leadership team, investigating the reasons behind departures, and…

[ad_1] Tether, the issuer of the USDT stablecoin, and crypto exchange OKX have partnered with the U.S. Department of Justice to seize $225 million, the largest-ever freeze of USDT in history, according to a Nov. 20 statement. The frozen USDT was linked to an international human trafficking syndicate in Southeast Asia that orchestrated a global…

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[ad_1] In a significant development for the cryptocurrency exchange-traded fund (ETF) market, ARK 21Shares Bitcoin ETF has amended its strategy, transitioning from providing direct exposure to Bitcoin to offering investors indirect access. This pivot, detailed in the latest S-1 amendment, marks a critical juncture in the evolution of crypto ETFs. 21Shares Bitcoin ETF filing –…