Danish Bank Saxo Ordered to Shed Crypto Holdings by Financial Regulator The Danish Financial Supervisory Authority has ordered Danish bank Saxo to divest its own cryptocurrency holdings due to regulatory concerns about financial stability. The bank’s trading in crypto assets was intended to…
The Economic Crime and Corporate Transparency Bill The UK’s Economic Crime and Corporate Transparency Bill has passed a third reading in the House of Lords. If officially approved, the legislation will allow authorities to seize cryptocurrencies linked to financial crimes. The bill aims…
Key Points: – Over 1.254 billion yuan in rewards for reporting and bribery have been issued from 2000 to May 2021. – Nearly 50 million yuan were issued as part of the nine-in-one election bonus last year. – 1,335 cases related to bribery…
Spot Trading Volumes on the Rise After ETF Filings Spot trading volumes in the crypto market have seen an increase after three consecutive months of decline. This rise in trading activity can be attributed to the filing of spot bitcoin exchange-traded-fund (ETF) proposals…
The Raid on Binance Australia: A Detailed Investigation In a surprising turn of events, the Australian Securities and Investments Commission (ASIC) has conducted a raid on the premises of Binance, the world’s largest cryptocurrency exchange. Here are the key points: The raid is…
Bitcoin’s Decoupling from US Stock Market Renowned crypto analytics firm Block Scholes has revealed that Bitcoin’s fate is no longer tied to U.S. stock market sentiment. The 90-day rolling correlation between Bitcoin’s spot price and the Nasdaq and S&P 500 indices has plummeted…
Ooki Protocol Struggles as OOKI Token Plunges Since its creation in late 2021, Ooki Protocol and its native governance token, OOKI, have faced significant challenges. Here are the key points to know: – Ooki DAO has been involved in a legal battle with…
Prominent cryptocurrency attorney John Deaton criticizes SEC’s approach to cryptocurrency regulation – John Deaton accuses the SEC of losing sight of its purpose and blames Chairman Gary Gensler for being a “bad faith regulator”. – Deaton argues that the SEC prefers an unclear…
The Potential Breakout of Bitcoin Above $31,000 Bitcoin is currently hovering above the $30,000 mark, showing signs of gathering strength for a potential breakthrough of the crucial $31,000 level. The crypto market eagerly awaits this move, which will require the support of all…