Author: News Room
In late February, the Nigerian government let it be known that it thought $26 billion had illegally moved through Binance out of the country in 2023. This estimate was made by the country’s central bank governor, who said the nation was losing out on taxes from unregistered crypto activity. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. A few days later, authorities in the country invited two Binance executives — Tigran Gambaryan, who runs the exchange’s financial crime…
Anonymous whales have shifted a staggering half trillion Shiba Inu tokens in the last 24 hours. What is the plan, and are these whales somehow connected to each other? Transactions data will hopefully help us out here. Taking a look at the details, it seems a few key players are moving SHIB between wallets and exchanges. For instance, 77.18 billion SHIB were transferred to a Coinbase wallet, while another 205 billion made their way to and from different wallets, including a major 53.06 billion SHIB to Robinhood’s wallet. Are these transactions connected? It’s hard to say, but they sure seem…
As the cryptocurrency community awaits the final decision in the courtroom standoff between blockchain company Ripple and the United States Securities and Exchange Commission (SEC), the agency has submitted its opening brief regarding institutional XRP sales. Indeed, in line with the previously published schedule, the SEC submitted, “under seal, its opening remedies-related brief and supporting documents” on March 22, according to an X post shared by legal expert and popular commentator on the case, James K. Filan, on March 23. According to the defense attorney and former federal prosecutor, these documents “are not public yet” and the regulator will file…
Suspected South Korean crypto fraudsters allegedly fooled a wealthy financier into parting with over $4.1 million, the nation’s police force said on March 25. Per Chosun Ilbo, officers in Busan’s Haeundae District arrested a “group of people in their 20s and 30s.” Police think the group “defrauded a financier in his 60s” by convincing him that he would receive 70% profits on his investment. South Korean ‘Crypto Fraudsters’ Said Profits Would Materialize ‘in a Month’ The group of suspects were arrested on charges of aiding and abetting fraud. Officers said that the group approached the financier in September 2022. Between…
Amsterdam, Netherlands, March 26th, 2024, Chainwire The OPEN Ticketing Ecosystem launched this week, intending to disrupt the $85 billion ticketing industry using blockchain technology. A New RWA Use Case Is Born Amidst the massive growth for real-world asset (RWA) use cases, on-chain tickets might be the next big thing. Traditional ticketing is an $85 billion industry that’s ripe for disruption, with specific opportunities for blockchain-driven solutions. OPEN’s mission is to take all tickets on-chain, delivering much-needed transparency for fans and fair earnings for creators. OPN token All ticketing activity on OPEN’s tooling is driven by the OPN token, which will become tradable…
The developer behind the BALD meme coin has incinerated 600 million tokens, obliterating approximately 60% of its total supply. This drastic action took place over a five-hour span, catapulting the meme coin’s value by a staggering 60% and sending ripples through the cryptocurrency market. 60% of Total BALD Supply Burned The BALD developer, notorious for executing a rug pull in August that saw 3,000 ETH withdrawn from the community, has reemerged with this significant token burn. Around 600 million BALD tokens, worth over $12 million, were destroyed, triggering a 59% price increase in less than 24 hours. BALD went from…
Texas apparel company Beba and the Defi Education Fund (DEF) have announced a legal complaint against the U.S. SEC. They allege that the SEC has violated Administrative Procedure Act procedures by adopting an encompassing crypto policy without an official rulemaking process. Additionally, the plaintiffs seek to clarify that a token airdropped to its users does […] Read the full article here
Goldman Sachs’ clients are reportedly jumping into crypto-related trades following the launch of Bitcoin (BTC) exchange-traded funds (ETFs). Max Minton, Goldman’s head of digital assets in Asia, tells Bloomberg that the banking giant’s clients are investing in crypto derivatives for multiple purposes. “The recent ETF approval has triggered a resurgence of interest and activities from our clients. Many of our largest clients are active or exploring getting active in the space… It was a quieter year last year, but we’ve seen a pickup in interest from clients in onboarding, pipeline, and volume since the start of the year.” After rejecting…
[PRESS RELEASE – Amsterdam, Netherlands, March 26th, 2024] The OPEN Ticketing Ecosystem launched this week, intending to disrupt the $85 billion ticketing industry using blockchain technology. A new RWA use-case is born Amidst the massive growth for real-world asset (RWA) use cases, onchain tickets might be the next big thing. Traditional ticketing is an $85 billion industry that’s ripe for disruption, with specific opportunities for blockchain-driven solutions. OPEN’s mission is to take all tickets onchain, delivering much-needed transparency for fans and fair earnings for creators. OPN token All ticketing activity on OPEN’s tooling is driven by the OPN token, which…
The weekend has started bullish for most of the coins, according to CoinMarketCap. BTC/USD The rate of Bitcoin (BTC) has risen by 2.33% over the last 24 hours. On the hourly chart, the price of BTC is also looking bullish as it is trying to break the local resistance level of $64,887. If that happens, the growth may continue to the $66,000 zone. A less positive picture is on the daily time frame. Today’s slight rise has not affected the overall technical situation. The falling volume confirms that neither bulls nor bears are ready for a sharp move. In this…