Trade News

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  FTX-linked billionaire Joe Lewis pleads guilty to 19 fraud charges in US

  2024-01-26 Trade News

  In a major development, billionaire Joe Lewis has pleaded guilty to 19 counts of fraud related to insider trading in the United States. Lewis, who has sold more than $76 million worth of property in the Bahamas to FTX founder Sam Bankman-Fried, admitted to participating in a scheme to benefit…

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  SEC Pushes Back Latest Deadline for BlackRock Spot Ether ETFs

  2024-01-26 Trade News

  SEC Delays Decision on BlackRock's Ether ETF Petition Until March 10, 2024 for Full Evaluation. The U.S. Securities and Exchange Commission (SEC) has delayed its decision on BlackRock's request for a spot Ether ETF until March. BlackRock, the world's largest fund manager, filed an application for an ethereum spot ETF…

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  IRS expands tax net: more cryptocurrencies to come under 2023 trading scrutiny

  2024-01-26 Trade News

  This article briefly: -In 2023, the IRS requires all taxpayers to address mandatory digital asset questions on their tax returns. -In 2023, the IRS expands the digital asset tax inquiry to a broader form, expanding the reporting requirements. -The U.S. Treasury Department has delayed implementation of the new cryptocurrency transaction…

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  REPORT: How Much Has Coin’s Market Share Dropped Since CZ Left?

  2024-01-26 Trade News

  The end of Bitcoin's zero-transaction-fee promotion, SEC lawsuits, and the resignation of CEO CZ have all had an impact on Coin's market share. The latest TokenInsight report shows a shift in the market share and trading volume of the top exchanges in 2023, with CoinShares dropping from 54.2 percent to…

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  Analyst: Coinbase Should Prioritize Insurance Funds Over Ether Customer Diversity

  2024-01-26 Trade News

  Crypto analyst Adam Cochran urges Coinbase, the largest cryptocurrency exchange in the United States, to focus on creating an insurance fund for its users instead of focusing on diversifying its ethereum client infrastructure. Most importantly, Coinbase should create an insurance fund In an article posted on the X platform, Cochran…

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  SEC Delays BlackRock Spot Ether ETF Until March

  2024-01-26 Trade News

  SEC's Extended Timeline Highlights Caution in Focusing on Investor Protection in What Is Often Considered a Complex Innovation and Technology Landscape The U.S. Securities and Exchange Commission (SEC) extended the review period for consideration of a proposed rule change to list the iShares EtherTrust Spot ETF and designated March 10,…

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  Mixed Controversy: Coinbase Sends Letter to U.S. Treasury Department Opposing Crypto Regulations

  2024-01-26 Trade News

  On January 22, Coinbase submitted a letter in response to a Notice of Proposed Rulemaking (NPRM) to the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). The letter challenged the notion that crypto hybrid services are primarily used for illegal activities and money laundering. Missing "Minimum Thresholds" in…

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  Nexo seeks $3 billion in damages for canceling Bulgarian investigation.

  2024-01-26 Trade News

  The crypto lender says the now-dropped charges damaged its reputation and brand. Crypto lender Nexo is seeking $3 billion in damages from Bulgaria over a canceled criminal investigation. The company said on January 24 that it would seek $3 billion in damages from Bulgaria. The company said in a statement:…

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  Bitcoin to Face Supply Shock as ETF Purchases Surge and Halving Approaches

  2024-01-25 Trade News

  U.S. spot ETF providers currently hold more than 112,000 bitcoins. Bitcoin may be on the cusp of a major supply shock due to two key events: the upcoming April halving and a recent surge in demand for newly approved bitcoin exchange-traded funds (ETFs). Bitcoin is halved every four years, and…

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  Crypto Graveyard: More Than 50% of Cryptocurrencies Listed on Coingecko Have “Died” Since 2014

  2024-01-25 Trade News

  In a recent comprehensive analysis of the cryptocurrency landscape, a report by CoinGecko revealed disturbing insights into the fate of digital currencies, showing that more than 50 percent of the 24,000 digital currencies listed on the platform since 2014 have died out. This equates to 14,039 cryptocurrencies labeled as "dead"…

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