Japan’s Top Finance Regulator Cautious Of Bitcoin ETF Approvals
Japan Financial Services Agency, under Commissioner Hideki Ito, is cautious about Bitcoin ETFs due to long-term value and investor protection concerns. The United States, Hong Kong, and the United Kingdom have all approved Bitcoin ETFs, but Japan’s top finance regulator has expressed skepticism about following their example. This indicates Japan’s cautious approach to harmonizing investor […]
China Shifts $2B Ethereum Seized In Ponzi Scheme
On Wednesday, hundreds of wallets transferred $2 billion Ethereum seized by Chinese police in 2021 when authorities cracked down on the Plus Token ponzi scheme. Today, hundreds of Ethereum (ETH) wallets that had been inactive for over three years have recently resumed operations, facilitating the transfer of huge amounts of ETH. The Chinese police confiscated this Ether […]
Rain Exchange Hacker Launders ETH via Tornado Cash
This breach and subsequent laundering activity show the continued vulnerabilities faced by centralized exchanges, even those with strong security measures. The hacker responsible for the recent attack on the Rain crypto exchange has begun laundering stolen Ether through Tornado Cash, a popular mixing service. A blockchain security firm, PeckShield, has closely monitored the situation and identified the […]
California County to Enact State Laws on Bitcoin ATMs
Chico, California, relies on state and local regulations to regulate Bitcoin ATMs to limit fraud and transparency. The city of Chico, California, believes that state-level legislation and local rules will work together to regulate Bitcoin teller machines or ATMs properly. Andy Pickett, the chief administrative officer at the County of Butte, addressed the ongoing attempts to […]
Japanese Firm Metaplanet Set to Invest $58.76M in Bitcoin
Metaplanet Inc. invests 8.5 billion yen in Bitcoin, increasing its crypto treasury amid Japan’s market instability. During the company’s Board of Directors meeting, Metaplanet Inc. announced a gratis allotment of its 11th series of stock acquisition rights to all common shareholders. The decision was taken to raise about 10 billion yen ($69.13 million), with 8.5 billion yen […]