Number of Binance users to increase by 30% in 2023 ─ Huge fine, Zhao’s resignation shows strength | CoinDesk JAPAN
The number of users at crypto exchange Binance will increase by 30% in 2023, CEO Richard Teng said on December 28. In November, the company paid a huge fine and reached a settlement with US regulators, which led to the…
Indian authorities request access to 9 exchanges including Binance to be blocked for violating anti-money laundering laws
Binance and others request URL blocking On the 28th, the Financial Intelligence Bureau under the Indian Ministry of Finance asked the Ministry of Electronics and Information Technology to cut off access (block the URLs) to nine overseas crypto asset (virtual…
SEC Clamps Down On ‘Self-Styled Entrepreneur’ For Using $364K Crypto Investor Funds For Personal Expenses
Entrepreneur Diana Mae Fernandez is facing charges from the Securities and Exchange Commission (SEC) for allegedly defrauding investors through promises of substantial returns from crypto investments while misappropriating the funds for personal use. What Happened: The SEC alleged that Fernandez…
U.S. District Court upholds SEC in lawsuit against Terraform Labs
“UST is an unregistered security†Judge Jed Rakoff of the U.S. District Court for the Southern District of New York announced on the 28th that the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Terraform Labs, alleging…
FTT price prediction amid FTX’s repayment proposal as new hybrid exchange emerges
FTX Exchange bankruptcy and customer claims turmoil. FTT’s price rollercoaster: bullish momentum, bearish setbacks, technical signals. Pullix emerges as a DeFi alternative: PLX token’s Trade-to-Earn model. A recent court filing has revealed that FTX is seeking approval to repay customer…
Judge rules Terraform Labs violated rules: LUNA and MIR deemed securities
Federal Judge Rakoff rules $LUNA and $MIR as securities, finding Terraform Labs violated U.S. laws. SEC trial, scheduled Jan 29, 2024, centres on Terra’s UST stablecoin collapse and $25M alleged fraud. Jump Trading’s involvement adds complexity; the SEC insists Judge…
Cryptocurrency Internet Computer Down More Than 7% Within 24 hours
Over the past 24 hours, Internet Computer’s (CRYPTO: ICP) price has fallen 7.57% to $9.27. This continues its negative trend over the past week where it has experienced a 3.0% loss, moving from $9.47 to its current price. The chart…
Major virtual currency exchange OKX plans to delist almost all anonymous currencies
Anonymous currency stock crisis? On the 29th, major cryptocurrency exchange OKX announced plans to abolish almost all anonymous currencies. The target currencies are FSN, ZKS, CAPO, CVP, XMR, DASH, ZEC, and ZEN, and deposits have already been stopped on the…
Cryptocurrency startup funding to drop 68% year-on-year in 2023
Significant reduction in investment amount by virtual currency VCs The amount of investment by crypto asset (virtual currency) venture capital companies in blockchain startups will plummet by 68% from approximately 4.8 trillion yen ($33.3 billion) in 2022 to approximately 1.5…
Former Binance CEO CZ’s assets increased by approximately 3.5 trillion yen in 2023 – Bloomberg
Mr. CZ’s assets The assets of Changpeng Zhao (CZ), the former CEO of the crypto asset (virtual currency) exchange Binance, increased by $24.6 billion (approximately 3.5 trillion yen) in 2023. His current holdings are $37.2 billion (approximately 5.3 trillion yen),…