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Day: November 13, 2023

  1. Home
  2. 2023
  3. November
  4. 13
Binance Clients Fall Victim to $27M Theft and $13M Extortion Scheme
  • bob
  • 2023-11-13
  • Cryptocurrency Exchanges
  • Cryptocurrency Market Analysis
  • Financial Scams and Security
  • World

Binance Clients Fall Victim to $27M Theft and $13M Extortion Scheme

Two separate incidents of theft targeting Binance clients have recently come to light. In the first incident, an attacker stole $27 million worth of Tether (USDT) from a victim connected to Binance. While some reports suggest that Binance’s own contracts were hacked, a Binance spokesperson stated that the user made a valid withdrawal from Binance, […]

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Asia-Pacific Economic Cooperation (APEC) Summit Focuses on Sustainable Finance and Digital Assets
  • bob
  • 2023-11-13
  • Asia
  • Cryptocurrency Innovations
  • Government Policies and Cryptocurrency Adoption
  • Regulatory Developments

Asia-Pacific Economic Cooperation (APEC) Summit Focuses on Sustainable Finance and Digital Assets

The Asia-Pacific Economic Cooperation (APEC) summit kicked off in San Francisco, with a highly anticipated meeting between US President Joe Biden and Chinese leader Xi Ping scheduled for November 15. While the focus of the event is on the regional economy, the finance ministers’ meeting is also of great importance. US Treasury Secretary Janet Yellen […]

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  • bob
  • 2023-11-13
  • Cryptocurrency Market Analysis
  • Europe
  • Government Policies and Cryptocurrency Adoption
  • Investment Insights

Crypto Overtakes Stocks and ETFs as Top Investment Choice for French Retail Investors

Crypto has become the preferred investment choice for new retail investors in France, surpassing stocks and exchange-traded funds (ETFs), according to a study conducted by France’s financial markets regulator, Autorité des Marchés Financiers (AMF), and the Organization for Economic Co-operation and Development (OECD). The study revealed that 9% of French adults own cryptocurrencies like Bitcoin […]

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US Cryptocurrency Advocacy Group Opposes Proposed IRS Tax Regulations
  • bob
  • 2023-11-13
  • Cryptocurrency Regulations
  • Government Policies and Cryptocurrency Adoption
  • North America
  • Regulatory Developments

US Cryptocurrency Advocacy Group Opposes Proposed IRS Tax Regulations

The Blockchain Association, a cryptocurrency advocacy group in the United States, has expressed opposition to proposed tax regulations by the Internal Revenue Service (IRS). In a letter submitted on November 13, the association argued that the IRS rules, which aim to regulate the sale and exchange of digital assets, exceeded the agency’s authority and demonstrated […]

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Google Parent Company Alphabet Divests All Robinhood Shares
  • bob
  • 2023-11-13
  • Company News
  • Cryptocurrency Innovations
  • Cryptocurrency Market Analysis
  • Europe

Google Parent Company Alphabet Divests All Robinhood Shares

Alphabet Inc., the parent company of Google, has sold off all of its shares in Robinhood Markets, according to a recent filing. This move comes as trading volumes on the popular commission-free trading app have declined. Alphabet had previously been a significant investor in Robinhood but has been gradually reducing its stake over time. The […]

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Bithumb Prepares for IPO to Challenge Upbit’s Dominance in South Korean Crypto Market
  • bob
  • 2023-11-13
  • Asia
  • Company News
  • Cryptocurrency Exchanges
  • Initial Public Offerings (IPOs)

Bithumb Prepares for IPO to Challenge Upbit’s Dominance in South Korean Crypto Market

Bithumb, the second-largest cryptocurrency exchange in South Korea, is making strategic moves to prepare for an initial public offering (IPO) on the KOSDAQ market. The exchange aims to challenge Upbit, the leading exchange in South Korea, and regain market supremacy. Bithumb’s IPO is expected to take place in 2025. The exchange is undergoing organizational reorganizations, […]

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Binance Blockchain Week Istanbul 2023: Uniting Global Crypto Community in Turkey
  • bob
  • 2023-11-13
  • Cryptocurrency Exchanges
  • Cryptocurrency Innovations
  • Europe
  • Government Policies and Cryptocurrency Adoption

Binance Blockchain Week Istanbul 2023: Uniting Global Crypto Community in Turkey

Binance Blockchain Week Istanbul 2023 was a resounding success, bringing together various crypto projects in the midst of a challenging market. The event served as a platform for developers working on Web3 to connect with the community and explore new possibilities. A major highlight was the introduction of Binance’s groundbreaking self-custody Web3 wallet, which holds […]

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Proposed Rule Could Broaden Definition of Brokers in Digital Asset Transactions
  • bob
  • 2023-11-13
  • Cryptocurrency Market Analysis
  • Cryptocurrency Regulations
  • North America
  • Regulatory Developments

Proposed Rule Could Broaden Definition of Brokers in Digital Asset Transactions

Senator Rob Portman clarified on the Senate floor that brokers sell on behalf of someone else and do not just provide ancillary services. However, a proposed rule aims to expand the definition of brokers to include not only those who directly act as dealers or agents in digital-asset transactions, but also a broad category of […]

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Genesis Settles $1 Billion Claims with 3AC Hedge Fund for $33 Million
  • bob
  • 2023-11-13
  • Company News
  • Cryptocurrency Regulations
  • Mergers and Acquisitions (M&A)
  • North America

Genesis Settles $1 Billion Claims with 3AC Hedge Fund for $33 Million

Bankrupt crypto lender Genesis has reached a settlement with defunct crypto hedge fund Three Arrows Capital (3AC) to pay $33 million in order to settle $1 billion in claims. The hedge fund’s collapse in June 2022 was a significant event in the crypto industry, and its claims against Genesis relate to transfers made before the […]

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US Financial Services Committee to Hold Hearing on Illicit Activities in Cryptocurrency Ecosystem
  • bob
  • 2023-11-13
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • North America
  • Regulatory Developments

US Financial Services Committee to Hold Hearing on Illicit Activities in Cryptocurrency Ecosystem

The United States Financial Services Committee (FSC) has scheduled a hearing on November 15th to delve into the issue of illicit activities within the cryptocurrency ecosystem. The hearing, titled “Crypto crime in context: breaking down the illicit activity in digital assets,” will feature prominent figures from the crypto industry as witnesses. Among them are Bill […]

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