ZA Bank, Hong Kong’s biggest virtual bank by assets is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges. According to an April 12 Bloomberg report, the bank will act as a settlement bank to allow token...
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Bitman Technologies, a Bitcoin (BTC) mining firm based in Beijing, China, has reportedly been fined $25 million yuan ( $3.6 million) by local tax authorities. Local news outlet Sina Finance reported on Tuesday that the fine was imposed by...
FTX Debtors said on April 9 that it had released a report that “identifies and discusses control failures” by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. John Ray, the CEO of the FTX Debtors,...
The latest price moves in bitcoin (BTC) and crypto markets in context for April 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source link
Now is the “right time” for Hong Kong to push forward with Web3 despite the crypto market fluctuations, according to the Financial Secretary of Hong Kong, Paul Chan. In an April 9 blog post, Chan explained that one of...
Positive momentum is building up for the upcoming upgrade to Ethereum, a decentralized blockchain with smart contract functionality, a survey by OKX, a Seychelles-based cryptocurrency exchange, has found. The two-part Shanghai-Capella event, which has been dubbed the ‘Shapella’ upgrade,...
Two Republican lawmakers from Texas, senator Bryan Hughes and representative Mark Dorazio, have introduced legislation to create a gold-backed digital currency that could be enacted by the state legislature. The policymakers believe that this currency could greatly benefit the...
The complaint, filed with the Southern District of New York on Friday, alleges Gryphon CEO Rob Chang wired 18 of Sphere 3D’s bitcoin to an address belonging to a fraudster who masqueraded as Sphere 3D’s chief financial officer in...
Crypto-friendly Congressman Tom Emmer has slammed U.S. Securities and Exchange Commission (SEC) chair Gary Gensler for his approach to cryptocurrency regulation, labeling him as a “bad faith regulator.” Great interview by @laurashin with @GOPMajorityWhip! Congress is working in their...
Crypto has often come across as apolitical. This is partly due to being seen as existing outside regular financial systems and, going back through crypto history, being outside regular systems really meant that, with early enthusiasts acquiring bitcoin peer-to-peer,...