Category: Latest news

[ad_1] Ashley Alder, who is set to lead the U.K’s Financial Conduct Authority (FCA), said his administration would take a strict stance toward crypto firms. According to the Financial Times, Alderr said that crypto firms were “deliberately evasive” and facilitated money laundering at scale. “Our experience to date of crypto platforms, whether FTX or others,…

[ad_1] BitGo CEO Mike Belshe revealed that the firm declined Alameda Research’s request to redeem 3,000 Wrapped Bitcoin (WBTC) a few days before its bankruptcy in a Dec. 14 Twitter space. Belshe said BitGo declined the request because the Alameda representative that reached out to his firm failed the security verification process. He added that…

[ad_1] FTX co-CEO Ryan Salame tipped off Bahamian regulators on Nov. 9 that the exchange was sending its customers’ funds to Alameda Research, according to a Dec. 14 court filing. Salame told the Securities Commission of the Bahamas (SCB) that only three people could make such transfers. These people included FTX founder Sam Bankman-Fried, co-founder Zixiao…

[ad_1] SushiSwap Head Chef Jared Grey has disclosed that the DAO will spend about $5.2 million for its operating costs in 2023, with over 80% of the budget going to salaries. Grey said he was making SushiSwap’s operating cost public, to promote the transparency of the DAO. As I promised in Sunday’s tweet regarding Sushi’s Budget…

[ad_1] The U.S. Securities and Exchange Commission (SEC) has charged eight individuals with a $100 million securities fraud scheme involving major social media platforms, Twitter and Discord. Seven of the defendants reportedly promoted themselves as successful traders on the social media platforms and encouraged their followers to buy selected stocks by posting targets and updates…

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[ad_1] Deposits and withdrawals of USDT among gambling websites through crypto payment platforms are on the rise, according to a report from Wu Blockchain, authored by Bitrace. A  study of 20 active online gambling sites revealed that there have been over 5 million USDT new deposits and other related addresses in 2022 with 161 new…

[ad_1] The biggest news in the cryptoverse for Dec. 134 includes CryptoSlate’s analysis suggesting that the bottom for Bitcoin may not be in yet and Congressman Tom Emmer alleging that SEC Chairman Gary Gensler knew about FTX’s fraud. CryptoSlate Top Stories US authority alleges that SBF donated to politicians using other people’s name An indictment…

[ad_1] ARAX Holdings signed a  binding letter of intent and deal terms to acquire 75% of blockchain firm Core Business Holding‘s share capital, the company behind Core Blockchain.  As of press time, ARAX which trades on OTC markets under the ticker ARAT is up 600% on the day hitting $1 from an open of $0.14.…

[ad_1] Looking at specific transaction types on Dec. 9, CryptoSlate analysts revealed huge movements in stablecoins and ERC20 transactions. This category includes all transactions that initiate ERC20 contracts, excluding the contracts in the Stablecoins category. The chart below represents the volume of these transactions with the purple areas. ETH addresses ERC20 transactions The data demonstrate…