145 Victims, $18.9M Lost in Hounax Scam – Hong Kong Authorities
According to Authorities in Hong Kong, Hounax, an unlicensed cryptocurrency exchange, allegedly scammed 145 users, resulting in $18.9 million (148 million HKD) in lost funds. To apprise the Hounax platform of the allegations, local law enforcement conducted an initial press conference on November 25. According to the Hong Kong Securities Regulatory Commission (SFC), they have […]
Spanish Citizens to Declare Foreign Crypto Assets by March 2024
The taxation of virtual assets will be regulated by new legislation that requires Spanish citizens who possess crypto assets on platforms outside Spain to declare them by March 31, 2024. As initially reported in the Boletín Oficial del Estado, the official state gazette of the Kingdom of Spain, on July 29, 2023, the Spanish Tax […]
XRP Attorney John Deaton Recommends Buying COIN
Coinbase (COIN) stock attained its highest value in over 18 months, amid the recent surge, XRP Attorney John Deaton analyzes COIN’s prospective growth and recommends buying the stock below $150. Coinbase, a prominent participant in cryptocurrency exchanges, has witnessed an extraordinary surge, attaining its highest level in eighteen months after legal complications encountered by its […]
eToro, M2 Receive ADGM Crypto Licenses to Operate in UAE
The ADGM Financial Services Regulatory Authority has authorized crypto investment platforms eToro and M2 to operate in the UAE. While the former receives a securities, derivatives, and crypto assets broker license, the latter is a regulated Multilateral Trading Facility (MTF) and custodian. EToro has obtained authorization to function as a broker for crypto assets, derivatives, […]
ARK Invest Sells 43,956 Coinbase Shares Worth $5.2M
Cathie Wood’s ARK Invest has sold another 43,956 Coinbase shares in a transaction worth $5.3 million as the stock hits an 18-month high at $119.7 per share. According to a report, ARK sold 43,956 Coinbase shares from its ARK Fintech Innovation ETF on November 27. According to TradingView data, the transaction was worth $5.3 million, […]