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Cryptocurrencies
Crypto exchange Rain to target UAE asset managers after winning license
Middle Eastern crypto exchange Rain said on Tuesday its Abu Dhabi unit obtained a license to operate a virtual assets brokerage and custody service for clients in the United Arab Emirates.The ...
Binance crypto exchange to repatriate US customer funds as legal woes mount
Binance has agreed to repatriate its US customers’ assets pending a massive lawsuit against the world’s largest crypto exchange, the US Securities and Exchange Commission said Saturday, adding that it ...
US charges two Russians in hack of Mt. Gox cryptocurrency exchange
The United States has charged two Russian nationals in the hack of collapsed cryptocurrency exchange Mt. Gox, one of the world’s earliest, biggest and most widely publicized alleged bitcoin heists.The ...
UAE expats turn to crypto to send remittances home
Muhammed Bilal used to have to wait his turn outside a money transfer office in the scorching heat of Dubai to send home $1,000 to his wife and parents in Pakistan each month, at a cost of about $7 ...
SEC’s lawsuit against Binance adds to the woes of ailing crypto sector
The US Securities and Exchange Commission’s lawsuit against crypto exchange Binance and its head Changpeng Zhao injects fresh uncertainty into a sector that’s struggling to maintain mainstream ...
Crypto exchange Gemini to soon buy license for operations in the UAE
Gemini will “soon” start the process of buying a crypto license to operate in the United Arab Emirates, and the team has met stakeholders throughout the region to learn more about local regulatory ...
Bitcoin falls behind stocks, gold as trading backdrop for crypto sours
Bitcoin has flipped from leader to laggard on the global market scoreboard amid congestion on its blockchain and concern about ebbing liquidity in crypto markets.The token has retreated about 6 ...
Bankrupt crypto lender Genesis seeks mediator as DCG deal hits impasse
Bankrupt crypto lender Genesis Global Holdco LLC asked the judge overseeing its reorganization to appoint a mediator in order to save the outline of a deal with its parent, Digital Currency Group. For ...
Crypto must end anonymity for illicit finance: US regulator
Anonymity is allowing crypto assets to finance illegal activities, a top US regulatory official said on Tuesday, posing national security risks that must be addressed.For the latest headlines, follow ...
South Korean prosecutors indict Terraform Labs co-founder for fraud
South Korean prosecutors on Tuesday indicted the co-founder of Terraform Labs on multiple charges including fraud over his company’s dramatic implosion last year, which wiped out about $40 billion of ...
Crypto investors face delays in withdrawing funds after Ethereum upgrade
Cryptocurrency investors are facing delays to withdraw funds deposited on the Ethereum blockchain after its major software upgrade, highlighting persistent headaches for Ethereum which aims to have ...
FTX’s legal bills show progress on exploring a crypto exchange reboot
Whether FTX’s new chief executive officer actually pushes forward with an effort to restart the bankrupt crypto exchange, its lawyers are billing it for the job.For the latest headlines, follow our ...
Bitcoin rallies past $30,000 for first time since June 2022
Bitcoin climbed above $30,000 for the first time since June 2022, bolstered by bets on easier monetary policies that have made cryptocurrencies standout performers this year.For the latest headlines, ...
Ethereum blockchain upgrade to unlock $33 billion
Investors are finally set to gain access to more than $33 billion of ether this week under a planned revamp of the blockchain.A new software upgrade to the Ethereum blockchain, dubbed Shapella, will ...
Bitcoin climbing toward $30,000 again following Binance's legal woes
Bitcoin renewed its climb toward $30,000 with risk appetite rising across global markets and concern about the fallout from Binance’s legal woes waning.The largest cryptocurrency by market value rose ...
Investors pull $1.6 billion from Binance after CFTC lawsuit
Investors withdrew $1.6 billion of cryptocurrency from crypto exchange Binance since it was sued by the US CFTC on Monday, blockchain data tracker Nansen said on Wednesday.For the latest headlines, ...
FTX founder Bankman-Fried charged with bribing Chinese officials $40 million
FTX founder Sam Bankman-Fried was charged with directing $40 million in bribes to one or more Chinese officials to unfreeze assets relating to his cryptocurrency business in a newly rewritten ...
New bail agreement reached between Sam Bankman-Fried, US prosecutors
Lawyers for Sam Bankman-Fried said they reached an agreement with US prosecutors on Monday on revised bail conditions, after a judge raised the prospect of sending the indicted FTX cryptocurrency ...
What’s behind bitcoin’s latest surge?
At the turn of the year, bitcoin was in the grip of a bleak midwinter, down and out after a 2022 defined by tumbling crypto prices, bankruptcies and corporate scandals.For the latest headlines, follow ...
Silicon Valley Bank failure rattles USDC, other cryptocurrencies
The supposedly “stable” cryptocurrency USDC fell sharply after the firm that created it, Circle, announced it holds $3.3 billion in failed Silicon Valley Bank (SVB) and has dropped its peg to the ...
Bitcoin set for worst week since FTX crash on regulation, interest rates
Bitcoin is having its worst week since November as an equity selloff, fear over higher interest rates and an escalating US regulatory crackdown on crypto combine to hurt investor sentiment.The largest ...
Crypto exchanges allowing sanctioned Russian banks access: Report
Two major crypto exchanges still allow customers of sanctioned Russian banks to transact on their platforms, according to a report from digital asset data analytics firm Inca Digital.Huobi and KuCoin ...
Crypto has lost the ‘battle’ against national currency: BIS chief Agustin Carstens
The argument that crypto is an alternative to fiat currency has been settled following last year’s turmoil in the digital-asset sector, according to Agustin Carstens, the head of the Bank for ...
FTX unit in Japan becomes first to resume customer withdrawals
The Japanese subsidiary of Sam Bankman-Fried’s failed crypto exchange plans to reopen withdrawals on Tuesday, making itself the first of the FTX group’s businesses to return money to clients.For the ...
Musk’s tweet of his dog as new Twitter CEO sends crypto DOGE, FLOKI soaring
The prices of cryptocurrencies DOGE and FLOKI went soaring on Wednesday after Elon Musk tweeted a photo of his dog captioned “The new CEO of Twitter is amazing,” according to CoinDesk.“So much better ...