China’s Foreign Exchange Administration warns against foreign currency exchange using virtual currencies
Warning against illegal foreign currency exchange using virtual currency China’s State Administration of Foreign Exchange warned on the 24th that “purchasing crypto assets (virtual currencies) and exchanging them for foreign fiat currencies is illegal.†The bureau appears to be citing…
Central Bank of Nigeria lifts virtual currency ban
Lifting of virtual currency ban The Central Bank of Nigeria has lifted the ban on the provision of crypto-asset (virtual currency) related services in a circular issued on the 18th. Nigeria has the largest population and gross domestic product (GDP)…
Bitcoin is struggling in the high price range, and there is a sense of caution about “fact selling†if the ETF is approved
Macroeconomics and financial markets On the US New York stock market on the 22nd of last week, the Dow Jones Industrial Average fell 18.3 points from the previous day, and the Nasdaq index closed flat, rising 29.1 points (0.19%). Among…
SEC settles with Barnbridge for $1.7 million, slamming “false decentralized†DAOs | CoinDesk JAPAN
Crypto investment issuer BarnBridge DAO and its founders settle charges from the U.S. Securities and Exchange Commission (SEC) that they offered illegal crypto securities to American investors The company agreed to pay a total of $1.7 million (approximately 238 million…
Bitcoin market prediction, possibility of range market towards 2024 – Bitfinex analysis
Predicting the transition to a range market According to the Bitfinex Alpha report published on the 22nd, the crypto asset (virtual currency) Bitcoin (BTC) market will transition to a “range market†in which prices rise and fall within a certain…
Even if the futures market is biased, Bitcoin will break out this week. Contributed by a bitbank analyst
Virtual currency market prices this week from 12/16 (Sat) to 12/22 (Fri) Mr. Hasegawa, an analyst at Bitbank, a major domestic exchange, illustrates this week’s Bitcoin chart and deciphers the future outlook. table of contents Bitcoin on-chain data bitbank contribution…
BarnBridge DAO agrees to settle $1.7M with the SEC for charges against it
BarnBridge DAO, founders to settle SEC charges for $1.7M over unregistered SMART Yield bonds. SEC alleges failure to register crypto asset securities, cites violation of securities laws. Gurbir Grewal emphasizes blockchain compliance, highlighting the universal application of securities laws. Decentralized…
Bulgaria closes investigation into Nexo citing no criminal activity
Bulgarian prosecutors have ended the criminal investigations into crypto lender Nexo. A report published on Friday said authorities had found no evidence of money laundering and tax offences against Nexo and four of its executives. The Bulgarian Prosecutor’s Office closed…
Tether invests in Georgia education platform Academy of Digital Industries
Tether has announced it invested in the Series A round of the Academy of Digital Industries, an educational platform in Georgia. The ongoing financial investment will help support the “real world†education about blockchain, bitcoin, stablecoins and P2P technologies, Tether…
Hong Kong regulators open doors to spot crypto ETFs
Hong Kong’s SFC and HKMA are ready for spot crypto ETF applications. SFC revises rules, allowing funds direct exposure to spot virtual assets, emphasizing secure transactions. Contrary to China’s stance, Hong Kong attracts 11% of global crypto VC funding. Hong…