Category: Latest news

[ad_1] Quick Take In the face of contemporary geopolitical instability and market unpredictability, Bitcoin exchanges are experiencing intense volatility in their inflows and outflows. OKX Exchange, for instance, yesterday, Oct. 18, saw the largest Bitcoin inflow in almost three years, with approximately 8,000 Bitcoin valued at around $224 million. Interestingly, this significant inflow is the…

[ad_1] Layer-1 blockchain Aptos Network suffered a network glitch that made it impossible to process transactions for over five hours in the early hours of today, Oct. 19, according to information on AptoScan. Although normal operations have resumed, the project officially acknowledged the interruption in a statement posted on the social media platform X (formerly…

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[ad_1] A bipartisan group of lawmakers has voiced deep apprehension over recent reports concerning the exploitation of cryptocurrencies by terrorist organizations, including Hamas and Palestinian Islamic Jihad (PIJ), to finance their operations and sidestep U.S. sanctions. In a joint letter sent to top U.S. officials, the lawmakers forcefully called on the Biden administration to take…

[ad_1] A recent report by Chainalysis has cast doubt on sensationalized claims regarding the use of cryptocurrency by terrorist organizations for financing. In the wake of a recent terrorist attack by Hamas in Israel, the report aims to correct misconceptions surrounding the role of digital currencies in funding terrorism. Dispelling misconceptions Chainalysis, a leading authority…

[ad_1] Tesla published its Q3 2023 shareholder deck on Oct. 18, indicating that it continues to hold its Bitcoin balance as it directs resources to AI efforts. The company reported $184 million in digital assets, known to be composed largely or entirely of Bitcoin (BTC), for the quarter ending Sept. 30, 2023. That amount is…

[ad_1] The eleventh day of the Sam Bankman-Fried (SBF) trial revolved around the testimony of accounting experts brought forward by the prosecution to shed light on the disappearance of $9 billion in FTX customer funds that preceded the cryptocurrency exchange’s bankruptcy. The main witnesses for the day were Professor Peter Easton, an esteemed accounting expert…

[ad_1] A new assessment by the Federal Deposit Insurance Corporation (FDIC)’s  Office of Inspector General has brought to light substantial gaps and deficiencies in its ability to provide clarity to member banks on policies and procedures regarding crypto activities. The review of risk assessment strategies stemmed from the crypto-asset sector’s wild volatility since 2020, reaching…

[ad_1] U.S. Securities and Exchange Commission (SEC) chair Gary Gensler spoke to Bloomberg about several pending spot Bitcoin (BTC) ETFs on Oct. 18. In his interview, Gensler acknowledged that around ten Bitcoin exchange-traded fund (ETF) proposals are currently awaiting a decision from SEC staff. He noted that he personally cannot pre-judge those proposals and declined…

[ad_1] The European Central Bank (ECB) announced on Oct. 18 that its project to develop a digital form of the euro is progressing to the preparation phase. Christine Lagarde, President of the ECB, said on Twitter/X: “We need to prepare our currency for the future. While we haven’t yet decided whether to issue a digital…