Category: Latest news

[ad_1] Quick Take Eric Balchunas, Bloomberg’s Senior ETF Analyst, recently highlighted a significant achievement for the Bitcoin Futures ETF, $BITO. In its most substantial weekly inflow in the past year, the ETF’s assets have surpassed the $1 billion mark once again. On Friday alone, it traded shares worth half a billion dollars, an impressive feat…

[ad_1] South Korean prosecutors have barred Haru Investment executives from traveling out of the country following criminal complaints of “serial suspending withdrawals” fraud, according to a Digital Asset June 25 report. The ban affects unnamed executives from Haru Invest, Delio Chung Sang-ho’s CEO, and a B&S shareholder identified as Bang. Why travel restrictions The travel ban…

[ad_1] Japan’s National Tax Agency revised the corporate tax rules for cryptocurrency issuers earlier this week. The revised rules exempt crypto token issuers from paying corporate tax on unrealized gains for their holdings. The exemptions are applicable under two conditions, according to a local news report. Firstly, the tokens must be issued by the firm…

[ad_1] A cohort of media houses filed an appeal on June 23 to overturn a bankruptcy court’s decision to redact the names of FTX users permanently. The publishing giants include Dow Jones & Company, Bloomberg, The New York Times, and the Financial Times. On-going issue FTX filed for bankruptcy in November 2022. Since then, FTX…

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[ad_1] Universal Basic Income (UBI) is often touted as the panacea for freedom and happiness – more so in modern times since advancements in Artificial Intelligence (AI) demonstrate a credible threat to jobs. U.K. anti-poverty charity the Joesph Rowntree Foundation stated that regular cash payment, regardless of income, existing wealth, or other conditions, could help…

[ad_1] Plaintiffs in a class action lawsuit have accused one of Celsius’s market makers of market manipulation, Bloomberg reported on June 23. Wintermute accused of wash trading Former Celsius investors said that Wintermute engaged in wash trading to make it appear that Celsius had higher trading volumes than it did in reality. The case text…

[ad_1] On June 23, the price of VeChain (VET) spiked to a high of $0.01899, marking a 16-day high. Coinbase tweeted on June 22 that it had added VeChain, and its gas token, VeThor, to its new asset listing roadmap.  However, the platform has not yet provided details on when they will be available for…

[ad_1] Coinbase has added support for USD Coin (USDC) on Stellar, the Stellar Development Foundation (SDF) said on June 23. That announcement indicates that Coinbase will allow both withdrawals and deposits of Circle’s stablecoin via the Stellar network. SDF said that Coinbase’s support for USDC on Stellar will allow for faster and less expensive transactions.…

[ad_1] Belgium’s Financial Services and Markets Authority (FSMA) has demanded an immediate halt of all cryptocurrency services offered by Binance, the global cryptocurrency exchange and blockchain platform. According to a statement released by the FSMA on June 23, the order comes after the FSMA raised concerns over Binance’s offerings of exchange services between virtual and…