Rootoshi
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11 months agoCoinbase International Increases Perpetual Futures Leverage Limit to 10x
Coinbase International, the international trading arm of Coinbase, has announced that it has set leverage limits to 10X on its perpetual futures contracts. This upgrade allows users to execute more efficient…
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11 months agoCourt Rules in Favor of SEC in Unregistered Securities Case Against Terraform Labs and Former CEO
A United States court has ruled in favor of the Securities and Exchange Commission (SEC) in a case involving Terraform Labs and its former CEO, Do Kwon. The court granted summary judgment for the SEC on Count IV of…
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11 months agoMonex Group to Acquire Majority Stake in 3iQ Digital Holdings, Expanding Crypto Asset Management Business
Japan-based brokerage firm Monex Group has announced its plans to acquire a majority stake in 3iQ Digital Holdings, a Canada-based asset manager and crypto exchange. Monex cited 3iQ’s experience in listing the f…
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11 months agoArgentina's President Proposes Tax Incentives for Crypto Regularization in Controversial Draft Bill
Argentina’s President Javier Milei has proposed a draft bill aimed at regularizing cryptocurrency holdings as part of his economic and political reform agenda. The bill, titled the ‘Law of Bases and Starting Poi…
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11 months agoIndia Issues Compliance Notices to Offshore Crypto Exchanges for Violating Money Laundering Laws
In a significant move, India’s Finance Ministry has issued compliance show-cause notices to nine major offshore cryptocurrency exchanges, including industry giants like Binance, Huobi, and Kucoin. The government a…
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11 months agoDecentralized Finance Startup Levana Protocol Suffers $1.14 Million Loss in Security Exploit
The Levana perpetual swap protocol, operating on the Osmosis blockchain, recently suffered a significant exploit, resulting in a loss of $1.14 million. Over a 13-day period, an unauthorized party managed to drain…
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11 months agoCrypto Compliance and Risk Management: Navigating the Evolving Regulatory Landscape
The growing Web3 market presents challenges in compliance and risk management for companies operating in the blockchain industry. With the complexities of decentralized finance (DeFi) and the increasing security…
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11 months agoIndia's Financial Intelligence Unit Issues Show Cause Notices to Offshore Cryptocurrency Operators for Violating Money Laundering Laws
In a move to regulate the cryptocurrency sector, India’s Financial Intelligence Unit (FIU) has issued show cause notices to nine offshore Virtual Digital Assets (VDA) service providers for allegedly violating the P…
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11 months agoCelsius Mining Company Receives Final Approval for $225M Restructuring Plan
The United States Bankruptcy Court for the Southern District of New York has granted final approval for Celsius Mining Company’s restructuring plan. The plan involves the creation of a new public company focused o…
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11 months agoExperts Predict Exciting Future for Swiss Banking Industry
Matthias Geissbühler, the investment chief at Raiffeisen, leads clients through the stock market during the week. However, on Saturdays, he takes on a different role as singer-songwriter Matt, showcasing his new…
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11 months agoGrayscale Reaches Compromise with SEC on Cash-Only Creation and Redemption
Grayscale, the digital asset management firm, has filed an amended S-3 filing with the United States Securities and Exchange Commission (SEC) following a recent leadership shuffle and the departure of Barry…
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11 months agoTrueUSD Partners with MooreHK to Revolutionize Transparency in Stablecoin Market
TrueUSD, the fourth largest stablecoin in the market, has announced a strategic initiative to improve trust in stablecoins. The initiative aims to address the controversial issue of transparency of trust reserves…
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11 months agoFormer President Donald Trump Sells $2.4 Million Worth of Ethereum, Continues NFT Ventures
Former President Donald Trump has reportedly sold off 1,075 ETH, worth an estimated $2.4 million, over the past three weeks. The sale was made from a crypto portfolio believed to belong to Trump, and the ETH was…
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11 months agoArgentina Proposes Bill to Regularize Cryptocurrencies, Boost Economy
The Argentine government has introduced a bill that aims to regulate undeclared cryptocurrencies, including bitcoin, under a new tax regime. The proposal, known as the “law of bases and starting points for the f…
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11 months agoBitzlato Halts Bitcoin Withdrawals Amidst Founder's Guilty Plea and Dissolution
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…
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11 months agoArgentina's New Government Plans to Ease Crypto Legalization for Taxpayers
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,…
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11 months agoBlast Secures $1.1B in Deposits Ahead of Launch, Announces Airdrop Redemption in May 2024
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…
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11 months agoARK Invest Sells Grayscale GBTC Holdings, Buys ProShares BITO in Latest Trade Filing
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…
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11 months agoARK Invest Liquidates $200 Million in GBTC Holdings, Shifts Focus to Bitcoin Futures ETF
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…
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11 months agoJ.P. Morgan's US Bank Unit Generates Nearly One-Fifth of Industry Profits
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 F…
