Category: Latest news

[ad_1] Celsius shareholders have requested an official legal representation that would represent their interest in the bankruptcy proceedings, according to a Sept. 22 court filing. According to the filing, there is a clear need for this fiduciary representation as there are only two economic stakeholder groups — retail customers and equity holders. The shareholders claim…

[ad_1] The Commodity Futures Trading Commission (CFTC) imposed a $250,000 fine against bZeroX, a blockchain trading protocol, and its two founders. Simultaneously, the CTFC filed a federal civil enforcement action charging Ooki DAO — a successor to bZeroX that operated the same protocol — for illegally offering leverage and margin trading; failing to comply with…

[ad_1] The total cryptocurrency market cap saw net inflows totaling $43.4 billion. As of press time, it stood at $950.8 billion, up 4.27% over the last 24 hours. Bitcoin’s market cap rose 3.35% over the reporting period to $371.05 billion from $359.74 billion. Meanwhile, Ethereum’s market cap also increased 6.24% to $164.54 billion from $155.88…

[ad_1] The Indian government is working on implementing a goods and services (GST) tax on crypto transactions as legwork for determining the legality of the sector is underway, according to a Sept. 19 Livemint report. GST tax implementation The GST tax will become an indirect tax regime on crypto assets that will act as a…

[ad_1] The United Kingdom has introduced a new bill that would make it easier for law enforcement agencies to freeze and seize crypto assets. The bill, tagged the Economic Crime and Corporate Transparency, will strengthen the country’s image as a place for legitimate businesses to thrive while driving out dirty money. U.K. targets crypto in…

[ad_1] Coinbase has denied allegations from The Wall Street Journal that it engaged in proprietary trading. The exchange said Sept. 22 that the WSJ  had confused its client-driven activities with proprietary trading. Proprietary trading allegation The Journal reported earlier on Sept. 22 that Coinbase created a trading group that used $100 million of the company…

[ad_1] Russia’s deputy finance minister Alexei Moiseev has said that the country’s apex bank and the finance ministry reached an agreement that would allow the use of cryptocurrency for international payments, Russia-based Kommersant reported on Sept. 22. According to the report, the new development is geared toward allowing Russians access to digital wallets. Moiseev reportedly…

[ad_1] Long-term whales that have been holding their Bitcoins (BTC) for more than seven to ten years are selling them again for the first time since the Terra (LUNA) collapse in May, as Spent Volume Age Bands (SVAB) indicate. Spent Volume Age Bands (SVAB) is a separation of the on-chain transfer volume based on the…

[ad_1] Sam Bankman-Fried‘s (SBF) exchange FTX is reportedly in talks with investors to raise funding up to $1 Billion at a valuation of $32 billion. Singaporean investment companies Temasek, SoftBank, and Tiger Global are among existing investors who agreed to fund FTX in the upcoming round. The exchange giant also held a funding round in…

[ad_1] Leading crypto exchange Binance has launched a Global Advisory Board to engage regulators worldwide to foster responsible regulation of the crypto industry. The board comprises experts ranging from a former U.S. senator to distinguished economists and global business leaders. The team will leverage their expertise, experience, and networks to advise Binance on complex regulatory, political, and…