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1 year, 4 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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1 year, 4 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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1 year, 4 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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1 year, 4 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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1 year, 4 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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1 year, 4 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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1 year, 4 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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1 year, 4 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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1 year, 4 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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1 year, 4 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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1 year, 4 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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1 year, 4 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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1 year, 4 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…
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1 year, 4 months agoFormer President Donald Trump's Ethereum Wallet Transfers Millions in Cryptocurrency to Coinbase
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…
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1 year, 4 months agoOrdinals Enthusiast Pays $7K to Fulfill Elon Musk's NFT Challenge
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 sec…
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1 year, 4 months agoCredit Suisse's Demise: A Tragicomic Tale Unfolds
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…
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1 year, 4 months agoCalls for Removal of SEC Chair Gensler Intensify Amidst Scandal and Criticism
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…
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1 year, 4 months agoBitzlato Temporarily Suspends Bitcoin Withdrawals Amid Legal Hearings
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 i…
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1 year, 4 months agoBitzlato Temporarily Suspends Withdrawals Amidst Asset Seizure and Money Laundering Allegations
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…
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1 year, 4 months agoFormer US President Donald Trump's Ethereum Wallet Moves $2.4M in Crypto to Coinbase
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…
