Bitzlato, a crypto exchange, has announced the temporary suspension of all Bitcoin withdrawals. This measure is being taken as the company prepares for upcoming legal hearings regarding its users’ assets seized in France. Despite the exchange and its assets being seized earlier this year, Bitzlato was able to partially restore access to user funds, allowing […]
Bitzlato, a Russia-linked cryptocurrency exchange, has announced a temporary suspension of certain withdrawal requests despite having its assets seized by French authorities. The company stated that this measure is necessary to prepare for upcoming court hearings regarding the seizure of user assets in France. It is unclear which transactions are classified as “special balance withdrawals” […]
An Ethereum wallet believed to be owned by former U.S. President Donald Trump has reportedly transferred millions of dollars worth of cryptocurrency to Coinbase. The wallet, which was linked to Trump by Arkham Intelligence, has moved 1,075 ETH (worth $2.4 million) to the exchange. Previously, the wallet held a peak balance of $4 million. The […]
Stablecoin issuer Paxos has received regulatory approval from the New York Department of Financial Services (DFS) to extend its products to the Solana blockchain. This marks a significant milestone for Paxos as it expands beyond the Ethereum network, where it was previously the only stablecoin issuer allowed. The Pax Dollar (USDP) will be launched on […]
Hong Kong’s financial authorities, the Hong Kong Monetary Authority (HKMA) and the Financial Services and Treasury Bureau (FSTB), have launched a public consultation to establish a regulatory framework for stablecoins. The proposed framework aims to regulate stablecoin issuers and mitigate potential risks to monetary and financial stability.The framework includes a licensing regime, requiring fiat-referenced stablecoin […]
The U.S. Securities and Exchange Commission (SEC) has been in discussions with several companies, including BlackRock and Grayscale Investments, regarding the possibility of introducing exchange-traded funds (ETFs) linked to spot bitcoin. The SEC has set a deadline of December 29, 2023, for companies to submit their final ETF proposals, with the first round of prospective […]
The decentralized finance (DeFi) platform Telcoin has suffered a $1.3 million exploit due to issues with the proxy implementation of its wallet on Polygon. This incident highlights the ongoing activity of malicious actors in the crypto space, with over $1.7 billion in assets stolen in 2023 alone. Telcoin has taken swift action to address the […]
Grayscale Investments, a company seeking to convert its Bitcoin Trust into a U.S. spot exchange-traded fund (ETF), has announced changes in its leadership. Barry Silbert, the chairman of Grayscale, has resigned and will be replaced by Mark Shifke, the chief financial officer of Grayscale’s owner, DCG. The changes will take effect on January 1, although […]
UBS Group AG has made the decision to exit $5 billion in assets that it manages for wealthy clients. This move comes as the company works to sort out the parts of Credit Suisse that it does not want. During the third quarter, UBS transferred these assets from its wealth management division to its wind-down […]
A potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States is raising concerns among analysts about the impact it could have on the original vision of Bitcoin. Josef Tetek, a Bitcoin analyst at Trezor, argues that a spot Bitcoin ETF conflicts with the idea of self-custody, which is a fundamental principle […]
