South Korea FIU To Expel ‘Unsuitable’ Crypto Exchanges in 2024
The Financial Intelligence Unit (FIU) of South Korea has announced publicly that, beginning in 2024, it will increase scrutiny over cryptocurrency exchanges and expel platforms considered “unsuitable” from the domestic market. The Korea Times reported on February 12 that the FIU additionally aims to broaden the range of screening protocols utilized in the cryptocurrency market […]
Coinbase CLO Slams SEC for Deceptive Conduct in DEBT Box Case
Coinbase’s Chief Legal Officer (CLO), Paul Grewal, has publicly denounced the U.S. Securities and Exchange Commission (SEC) for its unethical and unprofessional behavior in the recent DEBT Box case. The case involved the SEC’s false allegations and asset freeze against Digital Licensing Inc., also known as DEBT Box, a company that provides digital licensing solutions […]
FTX to Sell Digital Custody For $500K in Bankruptcy Move
The transfer of Digital Custody was justified by the fact that FTX US has not resumed operations, as stated by FTX’s legal team. Terence Culver, D.C.’s original CEO and seller, has provided financing for the sale of Digital Custody to CoinList at a substantial markdown of $500,000. The FTX debtors estate, managed by CEO John […]
Grayscale’s GBTC Sees Record Outflow as Bitcoin ETFs Gain Momentum
According to the data from Bloomberg Intelligence, GBTC has seen a record outflow of $101.6 million on February 9, 2024. This is the highest outflow since GBTC started trading in 2013 and the first time that the outflow exceeded $100 million. This also marks a reversal of the trend that saw GBTC outflow slowing down […]
Binance and INTERPOL Join Forces to Boost Cybersecurity
Binance, a leading cryptocurrency exchange, has partnered with INTERPOL to enhance global cybersecurity and fight cybercrime. Binance has hosted a virtual session with INTERPOL officers to share insights and best practices on crypto investigations and web3 policing. INTERPOL is an international organization that facilitates cooperation and coordination among police forces from 194 member countries. The […]