Crypto Market Time

2024-03-27 19:52:13 Crypto exchange KuCoin laundered $9B, 'flouted' anti-money laundering laws: DOJ indictment

The Department of Justice lodged charges against crypto exchange KuCoin and two of its founders, alleging they violated anti-money laundering laws. The DOJ unveiled the indictment on Tuesday against KuCoin and two of its founders Chun Gan and Ke Tang over charges related to operating an unlicensed money-transmitting business and and violating the Bank Secrecy Act.

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2024-03-25 18:55:00 Binance ends Tron USDC support as it faces blockade in the Philippines

Crypto exchange Binance said it would end support for Tron network-based USD Coin (USDC) stablecoins by April 5, according to a March 25 statement, following recent news Circle is pulling out of the Tron blockchain entirely. Consequently, Binance users have less than two weeks to withdraw their assets or convert them to USDC on alternative networks. Notably, transactions involving USDC via other supported networks like Ethereum remain unaffected.

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2024-03-24 22:40:00 BlackRock: “Bitcoin Overwhelmingly Number One Priority for Investors”

BlackRock’s journey into the world of Bitcoin began as early as 2016, marking a multi-year evolution in strategy and outlook. Robert Mitchnick highlights the growing interest among BlackRock’s clients in gaining exposure to Bitcoin, with a notable focus on the iShares Bitcoin Trust (IBIT) ETF managed by BlackRock. However, demand for other digital assets remains minimal, with Mitchnick stating, For every other digital asset, demand is “very, very little.”

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2024-03-24 09:36:01 "Sometimes people use a Stock-to-Flow model to try to value Bitcoin and compare it to gold.

When you do have a halving, you're gonna have half as much over that next year to base your s2f on.

Just by math, if it was worth x, it will be worth 2x"

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2024-03-23 21:04:57 Floki Inu roadmap reveals plans for regulated bank accounts

The development team behind the dog-themed memecoin Floki Inu has unveiled its roadmap for 2024, revealing several upcoming features and utility-focused initiatives. This includes regulated digital banking accounts, enabling users to create and fund bank accounts using FLOKI tokens. The roadmap also mentions an integration with the Venus decentralized finance (DeFi) protocol, the Floki debit card’s introduction, and the Valhalla mainnet’s upcoming release.

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2024-03-23 12:28:56 Ripple CEO Expects SEC to Lose Against Ethereum, Mirroring XRP Lawsuit Outcome

Ripple’s chief executive believes the U.S. Securities and Exchange Commission (SEC) will be unsuccessful in classifying ether as a security, similar to how the agency lost its legal battle, for the most part, against XRP. Noting that the SEC has been “losing badly in courts” against crypto firms, the Ripple CEO stated: “At what point will the SEC realize they will lose the war against ETH just as they lost against XRP?”

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2024-03-22 20:24:57 Coinbase Is More Than Just a Crypto Exchange: JMP Securities

Coinbase (COIN) is more than just a crypto exchange, and momentum is continuing to build in its ancillary businesses, JMP Securities said in a research report Thursday. JMP notes that Coinbase’s daily spot trading volume in the first quarter is averaging about $3.3 billion, which has more than doubled from the fourth quarter last year. The newly launched derivatives platform is also “scaling at a tremendous pace.”

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2024-03-22 11:09:58 Estonia passes legislation to regulate crypto service providers

The government of Estonia has enacted a bill that introduces stringent legal requirements for digital assets service providers, local media reported on March 21. Estonia has been a significant location for crypto service providers, with estimates in 2021 suggesting that nearly half of the world’s crypto service companies were registered in the country.

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2024-03-21 19:34:57 Coinbase legal chief argues SEC has ‘no good reason’ to deny spot Ethereum ETFs

Amid ongoing speculation surrounding the prospect of spot Ethereum exchange-traded fund approvals in the United States, Coinbase Chief Legal Officer Paul Grewal said the Securities and Exchange Commission has “no good reason” to deny the ETF applications. “Sigh... again with the ETH misinformation as we await a decision on ETH ETPs,” Grewal wrote on X. “Millions of Americans hold ETH; it has been vital to crypto since its 2015 launch; and ETH is a commodity, not a security.”

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2024-03-21 08:49:58 Montenegro court rejects Do Kwon’s appeal, clears way for extradition to South Korea

The Appellate Court of Montenegro has declined Do Kwon’s appeal to halt his extradition to South Korea, according to a March 20 notice. In its ruling, the Court affirmed the High Court’s decision to deport Kwon, the co-founder of now-defunct Terraform Labs, to face criminal charges in South Korea. These charges are linked to his alleged role in the collapse of Terra’s algorithmic UST stablecoin, which resulted in significant losses exceeding $40 billion for investors globally.

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