BBVA Switzerland, a subsidiary of BBVA, has announced a strategic partnership with Ripple-owned Metaco to develop its digital asset operations. This collaboration is part of a growing trend among financial institutions to embrace digital asset solutions. BBVA Switzerland will utilize Metaco’s services through a Software-as-a-Service (SaaS) model, with the partnership further strengthened by Metaco’s alliance […]
Grayscale has submitted an updated filing for its Bitcoin ETF to the SEC, potentially bringing it closer to approval. The filing is an amended S-3 prospectus, indicating that Grayscale has made changes to their offering documents based on feedback from the SEC. Bloomberg ETF analyst James Seyffart noted that while there were not significant changes, […]
The U.S. Treasury has announced that the resolution reached with Binance, a cryptocurrency exchange, is the largest settlement in the history of the Financial Crimes Enforcement Network (FinCEN). The settlement amounts to a staggering $3.4 billion. Additionally, the Office of Foreign Assets Control (OFAC) has imposed a fine of $968 million on Binance, which is […]
Binance, one of the largest cryptocurrency exchanges, has recently pleaded guilty to violating US money laundering laws. The US Department of Treasury has accused the exchange of negligence in reporting illicit transactions that took place on its platform. As a result, Binance has agreed to settle charges amounting to $4.3 billion.The charges against Binance include […]
Grayscale Investments is making progress in its efforts to convert its Grayscale Bitcoin Trust into a spot bitcoin exchange-traded fund (ETF). The company recently met with the Securities and Exchange Commission (SEC) to discuss NYSE Arca’s proposed rule change regarding the listing and trading of shares of the Grayscale Bitcoin Trust. The SEC memo revealed […]
HTX, formerly known as Huobi Global, has suffered a significant loss of $13.6 million in a recent exploit on the HECO Chain bridge. The exploit, which occurred on November 22, resulted in the compromise of three hot wallets, leading to the swapping of user and exchange assets for Ether. The stolen funds were then distributed […]
Coinbase CEO Brian Armstrong has emphasized the importance of regulatory compliance in the wake of Binance’s recent troubles. In a statement on social media, Armstrong highlighted Coinbase’s commitment to compliance since its inception in 2012, stating that it was necessary to establish trust with customers and adhere to regulations. He noted that Binance’s issues validate […]
In a shocking development, the HECO Chain ecosystem has fallen victim to a major security breach, resulting in the unauthorized transfer of over $86.6 million in digital assets. Tron founder Justin Sun has taken immediate action, pledging full compensation for affected users and temporarily halting deposits and withdrawals while a thorough investigation takes place. This […]
Cryptocurrency trading addiction is a growing problem, with more and more traders seeking help for substance abuse. The fast-paced and constantly accessible nature of crypto trading often leads individuals to turn to stimulants like amphetamines, cocaine, and excessive caffeine to keep up with the market. Traders also commonly use benzodiazepines to cope with anxiety and […]
Crypto entrepreneur Justin Sun has confirmed that two platforms linked to him, the HTX exchange and Heco bridge, have been targeted in a hacker attack. The attack resulted in a loss of over $100 million. The Heco bridge was drained of $87 million, with the stolen assets including various cryptocurrencies such as TUSD stablecoin, Chainlink’s […]
