The 10 U.S. spot Bitcoin exchange-traded funds continue to unravel. On Wednesday, outflows were recorded from every ETF for the first time, amassing the greatest losses since trading began in January, with $563.7 million exiting the funds, according to CoinGlass data. The latest figures continue an almost two-month decline. In the past four weeks, the
The crypto industry is littered with former regulators, typically serving as legal counsel at top companies or advisors on political lobbying. More rare is a regulator serving as an investor at a venture firm, let alone a founding partner, with the exception of former Department of Justice prosecutor Katie Haun. Matthew Homer, previously a senior
If you ask ChatGPT, the popular artificial intelligence (AI) chatbot, about the most feasible investing option one could explore as a high-risk investor, it promptly asks you to put your money in cryptocurrencies, among other options. Not only does it suggest investing in cryptos, but it also shares with the inquisitive user the key reason
The European Parliament has passed stringent AML regulations affecting the crypto industry, mandating enhanced KYC and AML practices, with oversight by the newly established AMLA. In a significant development, the European Parliament has approved a comprehensive set of regulations aimed at strengthening the Anti-Money Laundering (AML) and counter-terrorism financing framework. This move has profound implications
SINGAPORE, May 01, 2024 (GLOBE NEWSWIRE) — OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, is pleased to announce that it has invested in Bedrock, a multi-asset liquid restaking protocol. This strategic move brings institutional-grade infrastructure to an expansive audience, ensuring both security and transparency to cater to the requirements
New crypto users are mostly under 35, and they’re skilled – a bulk of those investing are IT professionals, MBA graduates, engineers, and start-up owners. They’re also curious to sample variety, and are investing in things like De-Fi assets and Non-Fungible Tokens or NFTs. Another happenstance through 2021 was the entry of many more women
The bitcoin sell-off could get worse before it gets better, according to analysts who look only at price charts. The flagship cryptocurrency just posted its first negative month in eight and worst month since November 2022. The downtrend intensified on Wednesday when it tumbled under the $60,000 level for the first time since February, as
Bitcoin sank Wednesday before the US Federal Reserve’s interest rate call, and after a mixed launch in Hong Kong of investment products tracking the world’s top cryptocurrency and rival ether. At about 1450 GMT, bitcoin slid 4.26 percent to $57,315, having earlier plumbed a more than two-month low at $56,527. The US central bank is
.Changpeng Zhao, known as “CZ,” the former CEO and the founder of Binance, the biggest cryptocurrency exchange globally, was sentenced to four months in prison on Tuesday. This decision came after he admitted to breaking US laws that prevent money laundering. The sentence was given in Seattle. The sentence was much less than what prosecutors originally wanted
Changpeng Zhao, the billionaire co-founder and former CEO of Binance, is expected to see his mammoth wealth remain intact and likely continue to climb even as he faces time behind bars after his sentencing in a Seattle court. Zhao was sentenced to four months in prison on Tuesday, after pleading guilty to charges of enabling