Cryptocurrency exchange Bitzlato has temporarily halted Bitcoin withdrawals following the guilty plea of its former CEO and co-founder, Anatoly Legkodymov, to criminal charges in the US. Legkodymov agreed to dissolve the exchange as part of his plea deal, which also involved forfeiting $23 million in cryptocurrency.The decision to suspend Bitcoin withdrawals is said to be […]
The newly formed government of Argentina, led by libertarian Javier Milei, has introduced a bill to ease the path to legalizing cryptocurrency holdings, even for those who have not declared their taxes. The bill, known as the Law of Bases and Starting Points for the Freedom of Argentines, encompasses various reforms in tax, labor, criminal, […]
More than a month before its official launch, Blast has already received $1.1 billion in deposits. This is a significant amount considering the platform is not yet live. Depositors can look forward to receiving an airdrop in May 2024, which they can redeem.This early success indicates a strong interest in Blast and suggests that it […]
Cathie Wood’s asset management firm, ARK Invest, has sold all its positions in Grayscale’s Bitcoin Trust (GBTC) and purchased $92 million worth of ProShares Bitcoin Strategy ETF (BITO). This move is part of ARK’s ongoing trading activities that have impacted its Bitcoin-related holdings. The selling spree also included divesting over 700,000 units of GBTC in […]
ARK Invest, the institutional asset management firm led by Cathie Wood, has sold its entire remaining holdings of Grayscale Bitcoin Trust (GBTC) worth $200 million. The firm used half of the proceeds to invest in Bitcoin Futures ETF Bito, making it the second-largest holder of Bito. However, analysts believe this move is temporary as ARK […]
The US banking giant J.P. Morgan has solidified its leadership position, with its US banking subsidiary generating nearly one-fifth of the industry’s profits in the first nine months of the year. According to the Financial Times, the bank earned $38.9 billion in profit during this period, accounting for approximately 18% of the total industry profits. […]
An Ethereum wallet associated with former President Donald Trump has reportedly transferred millions in cryptocurrency, suspected to be proceeds from sales of non-fungible tokens (NFTs). The wallet recently moved 1,075 ETH, equivalent to $2.4 million, to the cryptocurrency exchange Coinbase. Previously, the wallet had peaked at $4 million. The current value of the wallet is […]
Bitcoin Ordinals, a digital art collection inscribed on the Bitcoin blockchain, has sparked a heated debate within the cryptocurrency community. Critics argue that Ordinals inscriptions are “spam” and pose a security threat to Bitcoin Core. Luke Dashjr, from OCEAN Mining, even played a role in adding Ordinals to the United States National Vulnerability Database. On […]
The end of the second largest Swiss bank has generated significant interest among readers of finews.ch. Alongside the Credit Suisse, other topics also captured attention in the columns of finews.ch in 2023. The rescue of Credit Suisse and its forced sale to competitor UBS unfolded as both a tragedy and a comedy.An analysis of the […]
In recent years, the United States Securities and Exchange Commission (SEC) has faced criticism from the crypto industry for its aggressive approach towards enforcement actions and lawsuits targeting crypto firms and leaders. Many in the industry have called for new leadership within the SEC to support innovation and enable the growth of the crypto sector.US […]
