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2023-01-08 04:25:00 Huobi Has Around 60 Million USD Withdrawn In The Last 24 Hours

According to Nansen, more than $60 million has left the Huobi market in the last 24 hours. Tokens have been withdrawn mostly from the Ethereum, Avalanche, BNB Chain, Fantom, and Polygon chains in the previous 24 hours. Money flow out of Huobi exchange has increased significantly, with more than $60 million withdrawn in the last 24 hours, out of a total of $94.2 million withdrawn in the previous week. The tokens withdrawn in the last 24 hours are mostly from the Ethereum, Avalanche, BNB Chain, Fantom, and Polygon chains. The spike in outflows raises concerns among consumers regarding Huobi’s financial soundness.

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2023-01-07 20:52:57 The Bank Of France’s Governor Wants To Regulate Crypto Ahead Of The MiCA Criteria In 2024

The governor of the Bank of France, has begun the process of setting harsher rules to regulate crypto firms operating in France. The European Union’s Crypto Asset Market Regulation (MiCA), which will act as a springboard to enable a block-wide licensing framework for cryptocurrency enterprises. Francois Villeroy de Galhau, the governor of the Bank of France, has begun the process of setting harsher rules for crypto firms operating in France. The European Union’s Crypto Asset Market Regulation (MiCA), which will serve as a springboard to enable a block-wide licensing regime for cryptocurrency companies and is expected to be voted on in February of this year for implementation in 2024, will come before this. MiCA stands for Market Infrastructure for Crypto Assets.

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2023-01-07 16:03:01 Celsius ruling shines light on crypto user agreement fine print

Celsius, a cryptocurrency lending company, filed for Chapter 11 bankruptcy protection in July, one of several casualties of this year's slide in the markets. highlights how high the stakes are in bankruptcy proceedings for customers of crypto firms. Judge Martin Glenn, chief judge for the U.S. Bankruptcy Court for the Southern District of New York, ruled on Wednesday that assets in Celsius Earn accounts belong to the company, not customers. Earn accounts allowed users to deposit assets into a Celsius account, which was then used by Celsius to generate yields across various on-chain and off-chain investment strategies. as the company looks to sell off portions of itself to fulfill its debts.

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2023-01-07 10:03:01 Mt. Gox repayments timeline pushed back by two months

Mt. Gox payments will start from March and will continue up until the September 30 deadline.The deadline for the first tranche of repayments from Mt. Gox has been moved to Sept. 30 from July 31, according to a creditor announcement. The deadline for providing crypto exchange and banking information has also been changed to March 10 from Jan. 10. All creditors are set to receive a base payment. They will also receive an early lump sum payment or choose to accept what could be a different amount later. Payments will be provided in either cryptocurrency, fiat currency or both. This will be sent to the recipient's bank account or crypto exchange.

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2023-01-07 04:03:00 TON Foundation Launches New Decentralized File-Sharing Solution

TON Storage, a decentralized file-sharing and data-storage service, was made public by the TON Foundation. Similar to peer-to-peer file sharing via torrents, TON Storage uses the TON blockchain to share data over a private, secure, and decentralized computer network. TON Foundation is the guardian of the proof-of-stake blockchain TON, which was created by the founders of Telegram Messenger. Torrent-based internet-based peer-to-peer file sharing is similar to how TON Storage operates. But rather than using centralized web servers, it uses the TON blockchain network to send data files of any size that are secured and backed up. By giving users incentives to operate nodes and host files, TON Storage seeks to change that.

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2023-01-06 20:31:49 Genesis Is Considering Filing For Chapter 11 Bankruptcy Protection

DCG’s subsidiary, which suffered heavily after the collapse of FTX, is Genesis Global Trading, with a stranded amount of up to $175 million. Genesis is considering filing for bankruptcy after cutting another 30% of its staff yesterday.After a long time of “buying time,” the company could not settle Gemini’s 900 million debt. Genesis hired investment bank Moelis & Company to review Chapter 11 bankruptcy filings, according to a report from the Wall Street Journal. A Genesis spokesperson told the Journal that the move is designed to “preserve customer assets and drive the business forward.”. The magazine reported that Alameda received millions of dollars from Genesis before it collapsed. After Alameda went bankrupt, Genesis froze its client funds in November.

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2023-01-06 16:03:01 Coinbase Pays $100 Million To New York Regulator Fine For AML Regulatory Vulnerability

After looking into Coinbase’s compliance program, the New York State Department of Financial Services, or NYDFS, has come to an agreement with the company. The NYDFS fined Coinbase $50 million and compelled the company to invest another $50 million into its compliance program. Following a settlement with the regulator, which discovered glaring gaps in the cryptocurrency exchange’s review of customer IDs and notifications on transactions, the NYDFS fined Coinbase $50 million and compelled the company to invest another $50 million into its compliance program. according to the financial authority. The NYDFS reported problems with user onboarding and transaction monitoring procedures.

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2023-01-06 10:03:01 SEC Charges Eight Individuals With $45 Million Scam Through Blockchain Company CoinDeal

The US Securities and Exchange Commission is hunting down the people behind a massive scam that stole money from tens of thousands of investors. Eight people and companies have been accused by the SEC of allegedly selling unregistered securities. The defendants are AEO Publishing Inc., Banner Co-Op, Inc., and BannersGo, LLC. They are Neil Chandran, Garry Davidson, Michael Glaspie, Amy Mossel, Linda Knott, and Michael Glaspie. The SEC has charged eight individuals and businesses with fraud associated with blockchain company CoinDeal, for illegally trading securities, violating US securities laws, and orchestrating a conspiracy to appropriate client assets.

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2023-01-06 04:03:01 Binance Remains Quiet On Gopax Acquisition Rumors

The largest crypto exchange in the world, Binance, declined to comment on local media claims that it is in advanced negotiations to buy the South Korean digital asset exchange Gopax. Regarding this acquisition, Binance refused to give an official answer. According to a local news outlet, Decenter, which cited an unknown industry official, Binance is attempting to negotiate with Lee Jun-haeng, Gopax’s founder and main shareholder, and intends to keep Lee in his current position as CEO. One of the five South Korean cryptocurrency trading platforms (Upbit, Bitsum, Coinone, Corbit, and Gopax) authorized to offer consumers fiat-to-crypto services is Gopax.

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2023-01-05 20:31:01 MoneyGram Required The Court To Seal Parts Of Its Filings In The XRP Lawsuit

MoneyGram asked the U.S. District Court for the Southern District of New York on Wednesday to seal some of the summary judgment documents in the ongoing dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). MoneyGram stated that it hopes to secure company information and employee names by sealing portions of its documentation for the summary judgment, a sort of judgment normally delivered on the basis of statements and evidence without a full trial. putting an end to a related arrangement that involved on-demand liquidity transactions worth a few billion dollars.

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