Crypto investment products registered their sixth consecutive week of outflows in the week ending on Sept. 24. According to data shared by Coinshares, digital asset outflows from crypto investment products reached $9 million last week. Weekly crypto asset flows. Source: CoinShares Bitcoin (BTC) registered a third consecutive week of outflows with the past week’s outflows…
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Stablecoin issuer Tether has reportedly changed its terms of service (ToS) in Singapore. An email shared by the CEO of decentralized finance protocol Cake DeFi on Sept. 25 shows changes to the company’s ToS prohibiting certain customer bases from redeeming Tether (USDT). Cake co-founder and CEO Julian Hosp shared the email received from Tether, in…
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Cryptocurrency mining hardware maker Bitmain and bankrupt crypto mining firm Core Scientific have agreed on a combination of equity and cash to finalize the deal on expanding mining facilities. The deal between the two mining companies will see Bitmain supply 27,000 Bitcoin (BTC) mining rigs for $23 million in cash, along with $53.9 million worth of…
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Japan’s largest investment bank Nomura’s digital asset subsidiary Laser Digital Asset Management has launched a Bitcoin Adoption Fund for institutional investors. The official announcement noted the Bitcoin-based fund will be the first in a range of digital adoption investment solutions that the firm plans to introduce. Nomura is a Japanese financial giant with over $500…
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Hong Kong regulators are looking to tighten the noose around the crypto market after the arrest of six individuals following allegations of fraud around an unlicensed crypto exchange called JPEX. John Lee Ka-chiu, the chief executive of Hong Kong, told reporters on Sept. 19 that the government would increase its efforts to inform investors and…
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Malta’s Financial Services Authority (MFSA) has begun public consultation over changes in its crypto regulations in order to align with Europe’s Markets in Crypto-Assets (MICA) regulations set to take effect in December 2024. The public consultation period is open until Sept. 29. The revised rulebook proposes changes to the rules for exchanges, custodians and portfolio managers…
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South Korean regulators have turned their focus to over-the-counter (OTC) crypto trades amid growing concerns about its use for criminal activities. The financial regulators in the country are reportedly monitoring the OTC crypto market trades. According to a report published in a local daily, deputy chief prosecutor Ki No-Seong and Park Min-woo of the Financial…
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The United States Securities and Exchange Commission (SEC) has accused Binance.US of non-cooperation in the ongoing investigation against the crypto exchange, according to a court filing dated Sept. 14. The SEC in its court filing noted that Binance.US’s holding company called BAM has produced only 220 documents during the discovery process. Many of the submitted…
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South Korean Bitcoin (BTC) lender Delio is reportedly preparing for an administrative lawsuit against regulators for the wrong interpretation of the law, leading to an investigation and a hefty fine against the crypto lending firm. Delio said the allegations of fraud and embezzlement levied by the Financial Service Committee (FSC) are baseless, according to a…
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Popular messaging app Telegram has finally unveiled a crypto wallet nearly three years after it first revealed plans to build a Web3 ecosystem. The wallet was unveiled during the ongoing Token2049 event in Singapore. Telegram unveils TON based self custody wallet integration. Source:X The crypto wallet is developed on the Open Network (TON) blockchain and is…
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