From Bank Vaults To Wallets: Here’s How Two Bankers Used Crypto To Launder Millions

A local Chinese bank, the Bank of Huludao, has recently discovered an “intricate embezzlement” and money laundering scheme via crypto orchestrated by two of its top former executives. The scandal, which has sent ripples through the financial community, involved the illicit transfer of a staggering 1. дальше »

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Hedge funds betting on SEC greenlighting spot Ethereum ETFs – VanEck

VanEck head of digital assets research Matthew Sigel believes financial institutions are gearing up for the imminent launch of spot Ethereum (ETH) exchange-traded funds (ETFs) in the US despite the funds pending regulatory approval. дальше »

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Here’s Why Ripple (XRP) is Set to Revolutionize Finance

Ripple, along with its cryptocurrency XRP, is ready to play a pivotal role in the global financial system. Crypto expert AllinCrypto highlighted Ripple’s potential to become a major company in the US, comparable to Amazon, Apple, and Microsoft. дальше »

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Australia’s largest bank shuts down stablecoin project: report

The National Australia Bank has reportedly stopped developing its own stablecoin called AUDN just a year after it first disclosed such plans. The National Australia Bank (NAB), one of the four largest financial institutions in Australia, has quietly stopped working… дальше »

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Crypto trading firm Cumberland secures New York BitLicense

The New York State Department of Financial Services lists 33 companies holding licenses, allowing them to offer crypto-related products and services. дальше »

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US Supreme Court to review Nvidia’s appeal in crypto mining lawsuit

The US Supreme Court has agreed to hear Nvidia's appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about the impact of cryptocurrency sales on its financial performance. дальше »

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VALR Concludes European Tour with Strategic Engagements Across Key Financial Hubs

Singapore, Singapore, 17th June 2024, Chainwire

The post VALR Concludes European Tour with Strategic Engagements Across Key Financial Hubs appeared first on CoinJournal.

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Financial Stability Board to Extend Its Work on Stablecoin Risks in Emerging and Developing Economies

The Financial Stability Board (FSB) said it will undertake further work to consider the challenges associated with risks of global stablecoin arrangements in emerging and developing economies. дальше »

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South Korea to reconsider hundreds of crypto listings under new law: report

South Korea will review the listings of over 600 tokens on domestic crypto exchanges next month under new regulatory measures. South Korea‘s financial authorities will begin re-evaluating over 600 cryptocurrency listings on domestic trading platforms starting in July, following the… дальше »

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Financial advisors still figuring out Bitcoin spot ETFs, says BlackRock CIO

BlackRock CIO sheds light on the cautious Bitcoin ETF adoption by financial advisors amid market volatility and risk considerations. The post Financial advisors still figuring out Bitcoin spot ETFs, says BlackRock CIO appeared first on Crypto Briefing. дальше »

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South Korea to Reevaluate 600 Crypto Listings on Local Exchanges

South Korea's financial authorities will review 600 cryptocurrencies on local exchanges, enforcing new standards starting July 19. The post South Korea to Reevaluate 600 Crypto Listings on Local Exchanges appeared first on BeInCrypto. дальше »

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Advisors ‘cautious’ with Bitcoin ETF adoption, says BlackRock exec

BlackRock's chief investment officer for ETF and index investments, Samara Cohen, has hinted that financial advisors remain “wary” of adopting spot Bitcoin (BTC) exchange-traded funds (ETFs) дальше »

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Financial Advisors Are Not Buying Bitcoin ETFs, Says BlackRock CIO

Financial advisors remain cautious about Bitcoin ETFs, emphasizing risk analysis and fiduciary duty, while analysts forecast significant growth. The post Financial Advisors Are Not Buying Bitcoin ETFs, Says BlackRock CIO appeared first on BeInCrypto. дальше »

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Top Reason Why Major Altcoin Season Is Not Coming

Murad Mahmudov, a prominent financial analyst, claims that a new altcoin season is highly unlikely дальше »

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A Pump And Dump? Celebrity Memecoins Get A Boost From Lil Pump’s Solana Stunt

The world of memecoins has entered a bizarre new chapter, fueled by the outlandish antics of celebrities and questionable financial ventures. The latest episode features rapper Lil Pump, whose recent social media activity has left the crypto community scratching their heads and wondering – is this a stroke of marketing genius or a recipe for […] дальше »

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Over 300 Million Users Depend on Tether’s USDT, Says Paolo Ardoino

Tether is a major purchaser of US Treasury Bills, reflecting its growing influence in the financial sector, despite facing ongoing regulatory scrutiny. The post Over 300 Million Users Depend on Tether’s USDT, Says Paolo Ardoino appeared first on BeInCrypto. дальше »

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El Salvador plans to advance Bitcoin integration into its banking system

El Salvador drafts a reform proposal to create a private investment bank to provide financial services to Bitcoin investors. The post El Salvador plans to advance Bitcoin integration into its banking system appeared first on Crypto Briefing. дальше »

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LBank in hot water for breaking Japan’s financial rules

The Japanese FSA issued a warning to the offshore exchange LBank Exchange on June 14, saying that it was not registered to provide cryptocurrency transactions. It also warned Bybit, MEXC, Bitget, and Bitforex. дальше »

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SEC slashes Ripple penalty to $102 million

The SEC has cut its settlement demand for Ripple from $2B to $102.6M, following legal debates and comparisons to similar financial cases. The post SEC slashes Ripple penalty to $102 million appeared first on Crypto Briefing. дальше »

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Four offshore crypto exchanges eye return to Indian market

India’s financial watchdog, the Financial Intelligence Unit (FIU), has received new petitions from offshore cryptocurrency exchanges seeking to resume operations in India. According to a June 14 report from local news outlet Business Standard, a senior government official told the… дальше »

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Ripple calls SEC penalty disproportionate compared to Terraform Labs

Crypto firm Ripple has referenced the recent settlement between the US Securities and Exchange Commission (SEC) and Terraform Labs to challenge the financial regulator’s proposed $2 billion penalty. дальше »

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Washington DFI issues public alert on Ethfinance over alleged fee fraud

The Washington State DFI has issued a public alert over an alleged $310,000 crypto scam scheme involving a crypto exchange. The Washington State Department of Financial Institutions (DFI), Securities Division, has received a complaint after an investor failed to withdraw… дальше »

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Bitcoin ETF holdings dip: What does it mean for BTC's future?

Bitcoin ETF holdings declined across various financial institutions declined. The price of Bitcoin remained stagnant, and volumes surged. Bitcoin's [BTC] recent correction in price caused seThe post Bitcoin ETF holdings dip: What does it mean for BTC's future? appeared first on AMBCrypto. дальше »

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Bitcoin (BTC) Price Prediction: Positive Macro Conditions Could Drive Rally

Bitcoin's price is reacting to the positive macro financial conditions likely looking at consolidation before a breakout above $71,000. The post Bitcoin (BTC) Price Prediction: Positive Macro Conditions Could Drive Rally appeared first on BeInCrypto. дальше »

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Vertex: The game-changer in decentralised trading

Decentralised finance (DeFi) is transforming the financial world by challenging the traditional banking system and eliminating the need for intermediaries. With DeFi, users can engage in peer-to-peer transactions without incurring the hefty fees charged by banks and financial service companies. дальше »

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Stablecoin Giant Paxos Shocks With 20% Workforce Slash

Paxos, a key player in the cryptocurrency industry, has caused a stir with an unexpected move. The company recently laid off approximately 20% of its staff, roughly 65 employees. This decision, however, appears to be part of a calculated gamble rather than a sign of financial distress. дальше »

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В Украине криптопроекты с «бонусами за регистрацию» включены в список сомнительных

НКЦБФР Украины включила 14 инвестиционных проектов в список ненадежных. Часть из них ориентируется на владельцев криптовалют. К числу сомнительных отнесены: Gerchik & Co Stocks; Finteria; Investizo; LiquidityX; ActivTrades; LCG; PaxForex; SFCRYPTO; BITDEER; AST MINING; ForexMart; Tradeview Financial Markets SAC; PO TRADE; Trust Capital. дальше »

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Crypto Staking Platforms: Earn Passive Income by Staking Polygon – A Guide to Start Today

Unlock the potential of staking Polygon on OkayCoin. Earn passive income and support the network through complex financial products. The post Crypto Staking Platforms: Earn Passive Income by Staking Polygon – A Guide to Start Today appeared first on NFT News Today. дальше »

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Should Banks Be Crime Fighters? The Hidden (and Not So Hidden) Costs

Pointlessly onerous anti-money laundering rules lead to debanking of individuals and even entire regions, just as “financial inclusion” is thrown around as a social objective. We need a viable alternative, says Noelle Acheson. дальше »

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In Conversation With Brian Nelson

Last October, the Financial Crimes Enforcement Network (FinCEN) – the U. S. Treasury Department's money laundering watchdog – announced a proposal to label crypto mixers as a "primary money laundering" concern, a move that alarmed a broad swath of the crypto industry. дальше »

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BlockDAG, Ripple, Solana, and Notcoin: Crypto Market’s Bright Stars

Cryptos to Watch in Bull Run 2024: BlockDAG for 20,000x Potential ROI, XRP vs. SOL Battle, and Notcoin Price Volatility  As cryptocurrencies illuminate the financial skies, Ripple and Solana show promising growth, each navigating through market challenges with distinct technological strengths. дальше »

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Tether to invest $1 billion in startups until 2025, says Paolo Ardoino

Tether Holdings plans to invest over $1 billion in tech and biotech startups, expanding its influence in alternative financial infrastructure. The post Tether to invest $1 billion in startups until 2025, says Paolo Ardoino appeared first on Crypto Briefing. дальше »

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Ripple Completes Standard Custody Acquisition, Appoints New Stablecoin Lead

Ripple has officially finalized its acquisition of Standard Custody & Trust Company, a regulated entity providing high-grade digital asset custody solutions. This acquisition, first announced earlier this year, has received the green light from all necessary regulatory bodies, including the New York Department of Financial Services (NYDFS), which oversees the operation of limited-purpose trust companies. […] дальше »

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FOMC Preview: How Will Bitcoin And Crypto React? All You Need To Know

As the financial markets brace for the upcoming Federal Open Market Committee (FOMC) meeting on Wednesday, June 12th, the Bitcoin and crypto community is poised to assess the implications of any Federal Reserve announcements on digital assets such as Bitcoin. дальше »

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World’s largest bank ICBC praises the evolution of Bitcoin, Ethereum as innovative financial assets

The world’s largest lender, Industrial and Commercial Bank of China (ICBC), recently published an in-depth analysis highlighting the rapid evolution and growing diversity in digital currencies, where it compared Bitcoin to gold and deemed Ethereum “digital oil. дальше »

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Crypto is the “ideal ecosystem” for Argentina, says Num Finance exec

Num Finance CEO discusses the role of crypto in mitigating inflation and providing financial stability in Argentina's changing economy. The post Crypto is the “ideal ecosystem” for Argentina, says Num Finance exec appeared first on Crypto Briefing. дальше »

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Price Predictions For Arbitrum And Ethena; Algotech (ALGT) Emerges As A Next-Generation DeFi Platform

Embark on a journey into the heart of decentralized finance as we delve into the intriguing realm of price forecasts for Arbitrum (ARB) and Ethena (ENA), two pillars shaping the future of crypto. Concurrently, Algotech (ALGT) emerges as a trailblazing DeFi platform poised to redefine how we interact with financial […] дальше »

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Gas abstraction layer Zyfi closes $2m private funding round

ZkSync-based Zyfi received financial backing to bootstrap paymaster services across the Ethereum ecosystem. дальше »

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NFTs as Virtual Assets: South Korea’s New FSC Guidelines

South Korea's Financial Services Commission issues new guidelines clarifying when NFTs are considered virtual assets, impacting how businesses must operate under upcoming regulations. The post NFTs as Virtual Assets: South Korea’s New FSC Guidelines appeared first on NFT News Today. дальше »

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South Korea to classify some NFTs as Virtual Assets ahead of new crypto regulations

South Korea’s Financial Services Commission (FSC) is changing its stance regarding nonfungible tokens (NFTs), looking to classify some of them as Virtual assets. NFTs are primarily unique assets that cannot be replicated, traits that differentiate them from cryptocurrencies would be… дальше »

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South Korea issues guidelines for classifying NFTs as virtual assets

South Korea's Financial Services Commission has issued guidelines detailing when NFTs should be considered virtual assets. The guidelines focus on mass-produced, divisible, and payment-focused NFTs. дальше »

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Two OKX user accounts hacked as SMS notification security compromised

OKX faces serious security breaches with hacked customer accounts and compromised SMS notifications, leading to potential financial losses. дальше »

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Crypto Chaos: 70% Of Dead Korean Exchanges Leave Investors High And Dry

Investors in South Korea’s booming cryptocurrency market are facing a digital dust storm after a shocking revelation by financial regulators. A joint study by the Financial Supervisory Service (FSS) and the Korea Financial Intelligence Unit (FIU) found that a staggering 70% of shuttered crypto exchanges left their customers hanging, failing to return invested funds. Related […] дальше »

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Bakkt shares slide as company explores sale or breakup options

Bakkt Holdings shares have declined following reports that the company was exploring strategic options, including a potential sale or breakup of its operations. On June 7, Bloomberg, citing people familiar with the matter, reported that the company had begun working with a financial advisor to assess these possibilities. дальше »

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Bitcoin to Reach $100k Before US Elections, $150,000 if Trump Wins — Standard Chartered Predicts

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Russian official says international CBDC payments will be the norm within 5 years

Central bank digital currencies (CBDCs) are expected to become widespread and will be used for international payments as a norm within the next five years, according to Anatoly Aksakov, Chairman of the Russian State Duma’s Financial Markets Committee. дальше »

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Crypto marketplace Bakkt Holdings is reportedly considering a sale

Bakkt (NYSE: BKKT) stock price is in the green at writing following a report that it’s weighing a potential sale.  Bakkt is considering several strategic options The crypto marketplace is currently engaged with a financial advisor to consider a bunch of strategic options which includes a potential breakup as well, said people that talked to […] дальше »

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Peru adopts India’s UPI system to boost financial inclusion

The Indian instant payment system is gradually making its way around the world.

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Polkadot (DOT) Forms Rising Wedge Pattern, Bullish Or Bearish?

Polkadot (DOT), a popular cryptocurrency in the blockchain space, has been making waves with its innovative approach to interoperability and scalability. However, like any financial asset, its price movement is subject to various technical analysis patterns, one of which is the rising wedge chart pattern. дальше »

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Former U.S. federal agents rally to free Binance exec detained in Nigeria

A cohort of former United States federal prosecutors and agents have urged the U.S. Department of State to intervene in efforts to help free Tigran Gambaryan, the head of financial crimes and compliance at Binance. Gambaryan is currently in custody… дальше »

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