Crypto platforms in Canada are having trouble preparing for new stablecoin regulations. Take your time, the Canadian Securities Administrators said. Source: https://cointelegraph.com/news/canada-extends-crypto-stablecoin-compliance-deadline-dec-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
More Than 10,000 People Downloaded A Fake Wallet App on Google Play
A fake wallet app available for four months on the Google Play Store stole over $70,000 worth of cryptocurrency in a phishing attack before it was shut down. The malware posed as WalletConnect, a popular Web3 protocol, and directed unsuspecting users to a site that tricked them into authorizing transactions, granting access to their funds. In total, the app was…
Crypto Biz: Bitfarms gets new board after months of power struggles
Bitfarms and Riot Platforms settle months of corporate disputes with board review, while BlackRock moves for changes to Bitcoin ETF withdrawals. Source: https://cointelegraph.com/news/crypto-biz-bitfarms-gets-new-board-after-months-of-power-struggles?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC Fines Mango DAO for Unregistered MNGO Tokens
The U.S. Securities and Exchange Commission (SEC) has filed charges against Mango DAO, Blockworks Foundation, and Mango Labs LLC for offering unregistered securities. The case centers around the sale of MNGO tokens and the operation of Mango Markets without proper registration. Mango Markets Hit With SEC Charges The SEC alleges that since August 2021, Mango […] Source: https://news.bitcoin.com/sec-fines-mango-dao-for-unregistered-mngo-tokens/
BNB rallies to $600 and traders call for higher — Does data support this view?
Many traders believe Changpeng Zhao’s release will send BNB price into the $700 to $1,000 range, but does BNB Chain activity support this view? Source: https://cointelegraph.com/news/bnb-is-back-above-600-and-traders-call-for-higher-does-data-support-this-view?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Wealthiest US prisoner’: How did Binance founder CZ get there?
Binance founder and former CEO Changpeng “CZ” Zhao is the wealthiest person to serve jail time in the US, with current net worth estimated more than $60 billion. Source: https://cointelegraph.com/news/changpeng-zhao-binance-wealthiest-prisoner-us?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance founder CZ walks free from US prison
He served four-months in federal prison for charges including alleged violations of US anti-money laundering (AML) rules. Source: https://cointelegraph.com/news/binance-founder-cz-walks-free-from-us-prison?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Fed’s dovish move to slash $625M in interest income for stablecoins
CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion. Source: https://cointelegraph.com/news/fed-dovish-move-slash-625-m-in-interest-income-stablecoins?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Keep Your Head Down’: SBF’s Prison Advisor Offers Advice for Caroline Ellison
When former Alameda Research CEO Caroline Ellison reports to prison in just over a month, the atmosphere will be far different from the luxury apartments in the Bahamas that she and other lieutenants to FTX founder and former CEO Sam Bankman-Fried once called home. As she enters the Bureau of Prisons’ orbit, however, there are steps Ellison can take to…
Price analysis 9/27: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin’s break above $65,000 and solid buying in-the-spot BTC ETFs have traders convinced that the bull market is back in full swing. Source: https://cointelegraph.com/news/price-analysis-9-27-btc-eth-bnb-sol-xrp-doge-ton-ada-avax-shib?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound