Gimme The Coin

2024-01-17 16:32:48 Ripple Considers IPO Outside US in Response to SEC’s ‘Hostile’ Stance

Ripple CEO Brad Garlinghouse has revealed that the company explored IPO options outside the United States, attributing this decision to a challenging relationship with the U.S. Securities and Exchange Commission (SEC).

Speaking at the World Economic Forum in Davos, Switzerland, Garlinghouse expressed concerns about the U.S. Securities and Exchange Commission’s stance. Despite Ripple’s interest in going public, the firm has temporarily shelved its IPO plans amidst the ongoing legal battle with the SEC.

“In the United States, trying to go public with a very hostile regulator that’s approved your S-1, that doesn’t sound like a lot of fun to me,” said Garlinghouse. You know, Coinbase obviously had their S-1 approved and now the SEC is suing them for doing things that were outlined in their S-1.”

“And I think he’s not acting in the interests of the citizenry, he’s not acting in the interests of the long-term growth of the economy, and I don’t understand it,” said Garlinghouse. “I think at some point there will be a new chair of the SEC, and I think that will be a good thing for the American people.” Open / Comment

2024-01-16 14:00:08 Missed BNB at $35? Back in 2020, $100 became $15,000!

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2024-01-15 16:32:19 Attack on Bitfinex Exchange Involving $15 Billion XRP Transaction Failed: Paolo Ardoino

A transaction involving nearly $15 billion worth of XRP from an unknown wallet to the Bitfinex exchange as part of a “partial payments exploit” has failed.

The transaction was first brought to the public’s attention by the blockchain tracking account known as Whale Alert, which reported a jaw-dropping transfer of 25.6 billion XRP, nearly half of the cryptocurrency’s circulating supply, from an anonymous wallet to Bitfinex.

Yet, the excitement was short-lived as Whale Alert promptly deleted the post, citing an issue with reading the Ripple node response that led to an erroneous alert.

Subsequently, Bitfinex Chief Technology Officer Paolo Ardoino revealed that the colossal transaction was, in fact, an attempted attack on Bitfinex through what is known as a “Partial Payments Exploit.” Open / Comment

2024-01-13 16:02:29 India Blocks Websites of Offshore Crypto Exchanges After Non-Compliance Warning

India blocked access to websites of several offshore crypto exchanges, including Binance, Kucoin, OKX , Gate io and many others on January 12 . This action followed the removal of these platforms from the Apple App Store in the country just a few days earlier.

The move is a consequence of the finance ministry issuing show-cause notices to these platforms on December 28, citing non-compliance with the country’s money laundering laws.

The notice was directed at Binance, Kucoin, Houbi, Kraken, Gate io, Bittrex, Bitstamp, MEXC Global, and Bitfinex, accusing them of operating illegally in India by failing to register and adhere to local tax regulations.

In response to the alleged violations, the finance ministry instructed the information technology ministry to block the URLs of these platforms, leading to the recent website restrictions. However, the websites of these exchanges can still be accessed through VPNs. Open / Comment

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2024-01-10 18:00:10 Now that most of you are on vacation already we suggest to spend your time with amusement and thought-provoking reading.

Perhaps many of you have already heard of the hackers who reveal the deepest secrets of giant business corporations. And they have also showed that at the governmental level the main matter is also business and money (no surprise, though). Those hacktivists have made some noise about South African Defense department, making clear their not so flattering schemes with weapon supply. They have also revealed what France has made with their top secret weapon research leaks and highly classified documents. And now it is a USA turn to step out from the shadow and show everyone what they make with their folks to make money on them.

Security Notification Attachment team welcomes you in their new channel with governmental secrets from the dark side of the net. Stay tuned. Open / Comment

2024-01-10 16:33:43 Wintermute Reports 400% Surge in OTC Crypto Trading Volumes for 2023

Wintermute has reported a staggering 400% increase in over-the-counter (OTC) trading volumes for the year 2023 in the midst of a challenging year for crypto exchanges.In the latest report of its OTC performance, the crypto market maker and liquidity provider Wintermute revealed that its OTC trading volume has surged by four times despite the market downturn.

“From the early resurgence, through a volatile mid-year, ending with a renewed optimism largely fueled by expectations for spot ETF approval,” the report wrote so concluding 2023. “Last year, while the markets took a moment to breathe, we focused on building out our OTC business, increasing our capabilities, and adding new product offerings.”

In the first half (H1) of 2023, Wintermute’s OTC volumes initially decreased and remained at a lower level, while the second half (H2) has seen a tremendous boost leading to the total amount quadrupled.

“We saw a significant increase in trading activity with the number of trades growing over 6x, making up over 29 million trades,” wrote the report. “We also saw the largest OTC volume week of >$2 billion during this time.” Open / Comment

2024-01-08 16:32:33 South Korea’s Tax Authority, DAXA Form Committee to Prevent Illegal Transactions: Report

South Korea’s tax Authority, the Korea Customs Service group and five major cryptocurrency exchanges including Bithumb Korea, Coinone, Korbit, and Streami have formed a group to prevent illegal foreign transactions, according to a report by News1 KR.

The Digital Asset Exchange Association (DAXA), is comprised of the five most prominent cryptocurrency exchanges in South Korea including Upbit, Bithumb, Coinone, Korbit, and Gopax. DAXA plays an advisory role concerning the new committee.

DAXA is the industry’s most important self-regulating body in South Korea. The DAXA members are the only exchanges in the country with the operating permits required to offer fiat-won trading.

Korea Customs Service was formed in 1970 and is run under the Ministry of Economy and Finance and is headquartered in Seo District, Daejeon in South Korea. Open / Comment

2024-01-06 19:00:06 OpenAI & Microsoft Face Another Lawsuit Amid NYT Woes Over AI Training

Read more Open / Comment

2024-01-06 16:32:49 VanEck Commits to Donating 5% of BTC ETF Profits to Bitcoin Developers at Brink

Asset manager VanEck, a potential provider of a Bitcoin exchange-traded fund (ETF), has revealed plans to donate a portion of the profits from the investment vehicle to Bitcoin core developers upon approval.

In a post on X (formerly Twitter) on January 5, VanEck announced a 5% pledge to Bitcoin core developers through the nonprofit organization Brink ahead of potential approval for its spot Bitcoin exchange-traded product application. The asset management firm also disclosed that it had already made a $10,000 donation to the developers, irrespective of the SEC’s decision on the investment vehicle.

The firm expressed appreciation for the developers’ dedication to decentralization and innovation, describing them as the cornerstone of the Bitcoin ecosystem.

VanEck applied for a spot Bitcoin ETF in the United States, with a decision from the U.S. Securities and Exchange Commission (SEC) expected in the coming days. The potential approval of spot Bitcoin ETFs is anticipated to bring a substantial influx of investment from traditional finance (TradFi) into the cryptocurrency space, reaching unprecedented levels. Open / Comment