Telegram’s Crypto Holdings surge to $1.3B in H1 2024
In H1 2024, Telegram’s cryptocurrency holdings rose to $1.3 billion, up from $400 million, driven by Toncoin sales and a TON deal. The Financial Times (FT) reported on November 26th that Telegram held $1.3 billion in cryptocurrency in the first half of 2024, up from $400 million at the end of the previous year. In […]
Elon Musk Discloses Crypto Holdings
Elon Musk has reignited crypto interest, reportedly holding substantial Dogecoin and maintaining Bitcoin reserves through SpaceX. A prominent billionaire has generated substantial interest among cryptocurrency enthusiasts in the wake of the recent U.S. elections. The emergence of a recorded audio has heightened the level of enthusiasm among investors. According to reports, Elon Musk is purportedly […]
South Korean Public Officials to Disclose Crypto Holdings in 2024
In 2024, about 6,000 South Korean officials must disclose their cryptocurrency holdings to the public. The country’s Ministry of Personnel Management announced on December 27 that the Public Official Ethics System would incorporate details regarding government officials’ private crypto asset holdings. In the past, certain Korean civil servants would divulge their cryptocurrency holdings in the […]
FTX Requests Galaxy Digital Manage its Recovered Crypto Holdings
Cryptocurrency exchange FTX has petitioned a US District Court to allow Galaxy Digital, a digital asset management company, to manage the remaining cryptocurrency holdings of the bankrupt exchange. The company filed a petition with the United States District Court for the District of Delaware on August 24, requesting permission and approval of guidelines for the […]
Canada Unveils New Bank Capital Rules for Crypto Holdings
Canada’s financial watchdog recommends adjusting its capital and liquidity approach to crypto assets. The Office of the Superintendent of Financial Institutions (OSFI) claims that the proposed guidelines, which define four kinds of cryptocurrency assets and their capital classification, will simplify institutions’ approaches to perceived crypto risks. Up to September 20, OSFI allows public comment on […]