Cointelegraph By Helen Partz
Tether, the issuer of the world’s largest stablecoin by market capitalization, is replacing its CEO as the company works to expand its areas of focus.Paolo Ardoino, who has been serving as Tether’s chief technology officer since 2017, will become the new CEO of the firm in December 2023,...
Anonymous hackers of the now-defunct exchange FTX have been moving large amounts of assets stolen from the platform, with new transactions occurring just as the trial of FTX founder Sam Bankman-Fried gets underway.As much as 72,500 Ether (ETH) of stolen assets from FTX has awakened for the first time since...
Cryptocurrency exchange Binance is scaling its tools to prevent unnecessary trading fees associated with unintentional self-trades.Binance will fully roll out the self-transaction prevention (STP) function for all spot and margin trading users on Oct. 26, the firm announced on its blog on Oct. 11.Following the integration, the “expire...
The Canadian Bitcoin (BTC) mining company Hut 8 continues to accumulate self-mined BTC amid the ongoing merger deal with the industrial cryptocurrency miner, US Bitcoin (USBTC).Hut 8 mined 111 Bitcoin in September 2023, bringing its self-mined BTC reserves to 9,366 Bitcoin, the firm announced on Oct. 10.The amount...
Digital asset investment products have continued to see significant inflows last week, reaching the highest volume levels since July 2023, according to a new report.Crypto investment products saw inflows for the second consecutive week, totaling $78 million, crypto asset management firm CoinShares reported in its weekly analysis report...
Major global cryptocurrency exchanges like Binance and OKX have announced that they're working to comply with new financial promotion regulations in the United Kingdom.The Financial Conduct Authority (FCA) of the U.K. enacted the country’s new Financial Promotions (FinProm) Regime on Oct. 8 for cryptocurrency firms, aiming to ensure...
As Hong Kong progresses with the adoption of cryptocurrency trading for individual investors, a local official stressed that retail stablecoin trading is not yet allowed.Hong Kong has not adopted regulations for stablecoins like Tether (USDT) or USD Coin (USDC), which means retail investors are not allowed to trade...
The rise of Ethereum staking since major network upgrades, the Merge and Shanghai, has come at the cost of higher centralization and lower staking yields, a new report by JPMorgan said.JPMorgan analysts, led by senior managing director Nikolaos Panigirtzoglou, issued a new investor note on Oct. 5, warning...
Komainu, a cryptocurrency custody firm co-created by crypto investment firm CoinShares, hardware wallet provider Ledger and Japanese investment bank Nomura, has secured major regulatory approval in the United Kingdom.The company announced on Oct. 6 that it had received approval from the U.K. Financial Conduct Authority (FCA) to register...
Major global cryptocurrency exchange Binance has reportedly continued to lose its market share amid ongoing regulatory issues in the United States.Binance’s spot market share fell for a seventh consecutive month in September 2023, Bloomberg reported on Oct. 5, citing analysis from cryptocurrency data provider CCDataAccording to the report,...
