This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) FTX Plans To Sell A $10 Million Subsidiary It Purchased To CoinList For $500,000
Under the leadership of CEO John Ray III, the FTX Debtors estate has just filed to sell Digital Custody Inc. (DCI), one of its assets. Terence J. Culver, the original CEO and seller of DCI, would finance the sale of the firm to CoinList for just $500,000, despite the fact that FTX had bought the subsidiary in two $5 million transactions in December 2021 and August 2022…[continue reading]
2) US Supervisor Fines Goldman Sachs $512,500 For Claims Market Manipulation Failure To Detect
In nine surveillance reports that were meant to detect possible instances of manipulative proprietary and customer trading, Goldman Sachs failed to include warrants, rights, units, and certain OTC (over-the-counter) equity securities from February 2009 to April 2023, according to the Financial Industry Regulatory Authority’s (FINRA) Department of Enforcement…[continue reading]
3) Changpeng Zhao Reveals His Writings After A Two-Month Absence
The December 2023 accusations filed by the DoJ against Binance for money laundering, running an unlicensed money transmitter company, and violating sanctions sent shockwaves across the cryptocurrency industry. As part of the settlement, Binance paid $4.3 billion in penalties, and Changpeng Zhao (CZ), CEO of the business, resigned and admitted to money laundering…[continue reading]
4) Arthur Hayes Preferred ‘Points’ To ICO And Yield Farming For Crypto Adoption
Arthur Hayes, former CEO of BitMEX and current chief investment officer of Maelstrom, argues in a blog post that “points” are a superior alternative to initial coin offerings (ICOs) and yield farming in terms of cryptocurrency fundraising and engagement…[continue reading]
5) North Korea Faces UN Charges Over $3 Billion Crypto Crime
Cyberattacks targeting $3 billion in cryptocurrency, thought to finance North Korea’s missile ambitions, have prompted an inquiry by the United Nations. North Korea is under intense scrutiny for a string of cyberattacks that attempted to steal $3 billion worth of cryptocurrency, according to the United Nations (UN)…[continue reading]
6) Thailand Exempts Cryptocurrency Gains From Value-Added Tax
According to the local media, Thailand has extended its exemption from value-added tax on cryptocurrency trading in an effort to encourage the development of the nation into a hub for digital assets…[continue reading]
7) Metamask And Robinhood Have Joined Together To Improve Crypto Purchases
The renowned online trading site Robinhood has partnered with Consensys’s MetaMask, a self-custodial wallet. The two companies announced their agreement on February 6, and now customers of MetaMask may purchase cryptocurrency via Robinhood’s website with ease. Users of both MetaMask and Robinhood may now take advantage of Robinhood’s order flow to effortlessly send and receive cryptocurrency funds in their MetaMask wallets. The goal of this change is to make buying cryptocurrency easier for people in the US…[continue reading]
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