Global Bitcoin ATM Network Decreases by 334 Machines
In less than 40 days, the global network of active Bitcoin ATMs decreased by 334 machines, which coincided with the decline in Bitcoin prices. The 107 Bitcoin ATMs offline in June marked the conclusion of a 10-month trajectory of month-on-month increases in net installation. July further incited the reduction. On July 5, 227 crypto ATMs […]
SBF Family Reportedly Linked to $100M FTX Scandal
Sam “SBF” Bankman-Fried is the subject of a $100 million financial scandal involving using company assets to finance political donations, according to emails by the WSJ. Emails recently disclosed by The Wall Street Journal (WSJ) indicated that SBF’s family substantially managed over $100 million in political contributions. The funds, purportedly illicitly derived from FTX customer […]
Binance Crypto Exchange Marks 7th Anniversary with 200M Users
Binance, the world’s largest cryptocurrency exchange, has reached its 7th anniversary, marking it with 200M users and a new campaign. Binance, which has amassed a global user base of more than 200 million, has also initiated a new “Be Binance” campaign to commemorate its milestone. According to Rachel Conlan, the chief marketing officer at Binance, […]
Defunct Exchange Mt. Gox Begins Repayments in BTC, BCH
Defunct cryptocurrency exchange Mt. Gox has initiated the repayment of its debts in Bitcoin (BTC) and Bitcoin Cash (BCH) to users following the rehabilitation plan. Some rehabilitation creditors receive repayments through designated crypto exchanges following the rehabilitation plan. The Mt. Gox Trustee’s total Bitcoin balance on all known addresses is 94,457 BTC, as indicated by […]
New Regulations Subject Crypto Exchanges to EU Travel Rule
The European Banking Authority (EBA) has announced the expansion of travel rules and guidelines for crypto service providers, enhancing AML/CFT measures. Regulation (EU) 2023/1113 (Travel Rule Guidelines) will apply to crypto exchanges that are located in the European Union (EU) as of December 30. This regulation requires submitting information regarding the transfers of funds and […]