Trade News

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  German Authorities Seize Record $2.17 Billion Worth of Bitcoin from Pirate Sites

  2024-02-01 Trade News

  German police said the seizure was the largest in the country's history. According to a Jan. 30 statement from the Saxony state police, German authorities managed to confiscate 50,000 bitcoins worth $2.17 billion from a piracy site in mid-January. The seizure was related to an ongoing investigation into the unauthorized…

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  Coinsafe Warns People to Be Wary of Imposters, Scammers Are Offering Fake Token Listings

  2024-01-30 Trade News

  CoinSecure Warns Cryptocurrency Scammers of Using LinkedIn and WhatsApp to Target Industry Figures for Exchange Token Listing Scams Coinsecurity recently highlighted a worrying trend in the cryptocurrency space. Scammers are taking advantage of the thawing cryptocurrency market to reintroduce exchange token listing scams that capitalize on the identities of well-known…

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  Hong Kong regulator reduces statutory insurance coverage for cryptocurrency exchanges

  2024-01-30 Trade News

  This article briefly: -Hong Kong's Securities and Futures Commission (SFC) has approved only two cryptocurrency exchanges in the region and has set strict regulatory licensing standards. -OSL disclosed that the SFC has amended its regulations to reduce mandatory insurance coverage for digital assets to 50%. -Despite the regulatory adjustments, OSL…

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  U.S. Department of Justice Charges Three with $1.9 Billion Worth of Cryptocurrency Fraud

  2024-01-30 Trade News

  If convicted of the scheme, the three men face up to five years in federal prison. US Department of Justice | Photo: Shutterstock An Australian and two Americans have been charged with orchestrating a $1.9 billion cryptocurrency scam based on the so-called DeFi platform HyperFund, the U.S. Department of Justice…

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  EU agency says cryptocurrency firms can sometimes serve non-European users

  2024-01-30 Trade News

  Foreign clients may be able to activate the services of EU firms. The European Securities and Markets Authority (ESMA) said on Jan. 29 that cryptocurrency firms in the European Union may be able to offer services to non-EU clients under certain circumstances.Bitcoin Miner ESMA wrote in a statement: "The proposed…

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  What happened to the PayPal stablecoin PYUSD after its launch last year?

  2024-01-30 Trade News

  PayPal Stablecoin PYUSD Market Cap Hits $300 Million in Five Months PayPal's entry into the stablecoin market on August 7, 2023 was welcomed by many in the industry, with Circle CEO Jeremy Allaire saying the competition from PayPal was "great". News of the launch led to a modest 4% increase…

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  BlackRock, VanEck and Franklin Templeton Race to Promote Bitcoin ETF Ads on Google

  2024-01-30 Trade News

  Google is now allowing ads for certain crypto products under its updated policy. Recent Google searches show that BlackRock, VanEck, and Franklin Templeton launched ad campaigns on Google today for their spot Bitcoin exchange-traded funds (ETFs). This means that Google will now display ads from the three financial firms for…

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  Hong Kong’s Harvest Fund Management Seeks Spot Bitcoin ETF Approval

  2024-01-30 Trade News

  Harvest Fund Management plans to launch its first spot bitcoin ETF in Hong Kong after the Lunar New Year. The main focus remains on spot bitcoin ETFs, and Hong Kong players don't want to be left behind. Harvest Fund Management Hong Kong is the latest entity to apply to the…

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  Bitcoin goes beyond the white paper: code governance dominance has been achieved as the halving event approaches

  2024-01-30 Trade News

  2024 is seen as a transformative year for Bitcoin, with a halving event on the horizon. Has Bitcoin evolved beyond its white paper? The Bitcoin halving event, expected in April, is the most pivotal moment in 2024 for the biggest cryptocurrency. At the same time, this year will also mark…

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  As Regulatory Challenges Weaken, BUSD Stablecoin’s Dominance Shifts

  2024-01-30 Trade News

  -Two prominent stablecoins, BUSD and USDC, have had different fates due to regulatory scrutiny. -Circle's USDC experienced its first supply increase in over 10 months, marking a significant shift. -On the other hand, Coin's BUSD is facing a sharp decline and is close to running out of supply. The fortunes…

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