UK Authorities Set Precedent with Landmark Monero Seizure, Forcing Drug Dealer to Repay £23000

by Theresa Joy Lacatan | Jul 16, 2024 | Blog News, Crypto News

On 10 July, 2024, a British man convicted of selling a deadly substance falsely marketed as a ‘weight loss’ drug was ordered to repay £23,000 in proceeds from his crime. Jack Finney, 28, was compelled to hand over a significant amount of Monero cryptocurrency, marking...

Bitcoin Stabilizes Around $57,000 Amid German Government Transfers and ETF Inflows

by Theresa Joy Lacatan | Jul 14, 2024 | Blog News, Crypto News

On 11 July, 2024, Bitcoin (BTC) stabilized around the $57,000 mark, while the German Government continues to transfer Bitcoin to exchanges, and US spot Bitcoin ETFs recorded significant inflows. On-chain analytics indicate that whales are accumulating BTC during dips,...

SEC Enhances Website for Improved Compliance, Functionality, and User Experience

by Theresa Joy Lacatan | Jul 14, 2024 | Blog News, Crypto News

Securities and Exchange Commission (SEC) announced updates to its website to enhance compliance with federal statutes and standards, as well as to improve functionality and user experience for market participants and the public. “I’m pleased that these updates will...

Binance in Final Talks to Sell Majority Stake in Gopax to South Korean Cloud Service Provider Megazone

by Theresa Joy Lacatan | Jul 12, 2024 | Blog News, Crypto News

On 11 July, 2024, reports emerged that Binance is in the final stages of negotiations to sell a majority stake in South Korean crypto exchange Gopax to local cloud service provider Megazone. The move aims to reduce Binance’s 72.6% ownership in Gopax to around...

Bank of Russia Analyzes Global Trends and Regulatory Approaches to Stablecoins

by Theresa Joy Lacatan | Jul 12, 2024 | Blog News, Crypto News

On 10 July, 2024, the Bank of Russia published an analytical report examining the economic and legal nature of stablecoins, alongside international trends and approaches to their regulation. This report comes as Russia and other countries deliberate on appropriate...

Bank of Italy to Release Comprehensive Guidelines for Implementing EU Crypto Regulations

by Theresa Joy Lacatan | Jul 10, 2024 | Blog News, Crypto News

On 9 July, 2024, Bank of Italy Governor Fabio Panetta announced that the central bank will soon release guidelines to facilitate the implementation of the European Union’s Markets in Crypto-Assets Regulation (MiCA). These guidelines aim to ensure the effective...