Crypto Miami

2023-10-27 17:31:14 UK Lawmakers Roll Out Legislation to Seize Cryptocurrencies Used for Illegal Purposes

The UK Parliament has passed a bill that allows law enforcement authorities to seize cryptocurrencies associated with illicit activities. This includes investment scams, hacks, terrorism financing, money laundering, and drug trafficking.

Per an official announcement on its website, the new bill, dubbed the ‘Economic Crime and Corporate Transparency Act,’ will expand the authority of local law enforcement to clamp down and recover digital assets linked to cybercrimes.

The Economic Crime and Corporate Transparency Bill was passed on October 25 and received formal approval (Royal Assent) on October 26.

One of the bill’s provisions is the confiscation of digital assets linked to illicit activities without conviction. Additionally, the law intends to combat using cryptocurrencies to fund terrorism. Open / Comment

2023-10-24 17:30:22 FTX Creditor Claims Priced Above $0.50 in Over-the-Counter Transactions

A number of over-the-counter (OTC) transactions involving FTX creditor claims are valuing these claims at over 50 cents on the dollar. According to a report by The Block, the price is a notable increase from earlier, and was revealed by Thomas Braziel, a specialist in FTX debt claims at 117 Partners, following a recent claims auction.

The auction reportedly saw an FTX claim of more than $20 million sold for 52 cents on the dollar.

The price indicates that the market now expects that FTX creditors will get back about half of their money from the bankrupt exchange, although Braziel noted that the price only applies to the "largest and cleanest claims."

The same optimistic sentiment was also expressed in an article shared by Braziel on X, which said prices for FTX claims “have continued to move higher since the initial failure nearly one year ago.”

“As the asset recovery continues and the illiquid components such as the venture portfolio, real estate portfolio, and other smaller investments are sold and marked as liquid, the value of claims looks poised to continue steadily rising, above $0.40 per claim,” the article added. Open / Comment

2023-10-23 20:00:03 Our friends at Bets.io are holding yet another amazing giveaway, and this time it’s bigger, badder and radder! Yeah, you heard it right — this time it’s five iPhones 15 Pro 256 GB and twenty five $200 cash prizes!

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Good luck and have fun at Bets.io! Open / Comment

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2023-10-21 17:30:32 SynFutures Decentralized Exchange Secures $22 Million Investment Led by Pantera Capital

The decentralized derivatives exchange SynFutures has announced the closure of a Series B funding round that raked in $22 million.

The round was led by Pantera Capital, a significant player in the crypto investment space, and saw participation from SIG DT Investments, a subsidiary of the Susquehanna International Group (SIG DTI), along with HashKey Capital.

The updated platform is coming out on testnet now, with the mainnet release slated for the fourth quarter of this year. “Users can now mint test tokens, begin trading, and explore the platform,” the team said in a post on X.

Among other things, the upgraded version introduces an Oyster automated market maker (AMM) fully deployed on-chain.

The innovative AMM combines features of both traditional orderbook and AMM models used by exchanges, and enhances liquidity and capital efficiency within decentralized finance (DeFi). Open / Comment

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2023-10-18 17:30:24 South Korean Regulator to Establish Standards for Issuance and Distribution of Crypto

South Korea’s Financial Supervisory Service (FSS) is looking to establish comprehensive guidelines for the issuance and distribution of cryptocurrencies to enhance the Virtual Asset Users Protection Act passed earlier this year.

Under this new legislation, authorities are mandated to formulate standards concerning virtual asset listing procedures, internal controls, and issuance and distribution volumes. The forthcoming standards, scheduled for release in January of the following year, will be developed in collaboration with research services commissioned by the National Assembly.

The objectives are to create a clear regulatory framework and to bolster supervision and inspection within the virtual asset market, local media outlets reported.

The Virtual Asset User Protection Act focuses on safeguarding customer deposits held by virtual asset operators and cracking down on unfair trading practices. However, it lacks the comprehensive regulatory measures needed to address the complexities of the rapidly evolving cryptocurrency industry. Open / Comment

2023-10-16 18:00:09 #BTC Price Moves Above $27,000 But Long-Term #Bitcoin Holders Under Fear

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2023-10-15 21:01:12 USDT Issuer Tether Appoints Paolo Ardoino As New CEO

Tether, the company behind the largest stablecoin by market capitalization, has appointed Paolo Ardoino to serve at the helm as the company plans new operations. Ardoino, the former Chief Technology Officer of the company, a position he held since 2017 will replace Jean-Louis van der Velde as the new CEO of the issuer in December 2023.

In an Oct 13 press release, the company announced the decision of Ardoino citing his contributions to the wider crypto ecosystem and his visionary leadership.According to Tether, the transition is part of the company’s strategy to push new frontiers in global finance while maintaining its position as the leading stablecoin provider.

USDT has a market capitalization of over $83 billion, part of that success can be attributed to the vision of Antonio, the company wrote. However, new entrants into the scene have revealed plans to take a chunk of USDT’s market share.

Meanwhile, Van der Velde will transition into an advisory role within the company to give the new leadership all the support in terms of experience and expertise as it diversifies its business. He would also retain his position as the CEO of Bitfinex. Open / Comment

2023-10-12 20:01:08 Islamic Coin is now available for trading and deposit on KuCoin!

The official listing of $ISLM has launched recently on KuCoin. This is only a first exchange of the list where the token will be launched and we can expect more listings on other top-tier CEX and DEX platforms soon. The coin is available for non-Dubai residents only.

In addition, partnerships have been established with Sushi, one of the world's largest decentralized exchanges, and Pyypl, a prominent payment app in the Middle East. These collaborations will empower Islamic Coin's global community with benefits like liquidity provision, staking assets, and earning tokens during the liquidity mining phase.

Islamic Coin has a potential audience of over 2 billion holders (1.8 billion Muslims + crypto-enthusiasts). ISLM developers believe that if at least 3% of this audience holds their token, the capitalization will be comparable to BTC. And they already have the biggest Twitter account among crypto Muslim community with 1.3M followers.

Join Islamic Coin Official Telegram Channel not to miss any community rewards announcement and other on-chain activities. Explore KuCoin to trade and deposit ISLM now. Open / Comment