SIX Launches New Crypto Reference Rates and Real-Time Indices for Institutional Investors

The global financial information provider, SIX, has launched the new SIX Reference Rate Crypto and SIX Real-Time Crypto Indices, aiming to serve as benchmarks for AsiaNext’s crypto derivatives trading platform and institutional investors worldwide. The financial information provider has introduced a set of indices aimed at enhancing crypto trading. The new SIX Reference Rate Crypto… Continue reading SIX Launches New Crypto Reference Rates and Real-Time Indices for Institutional Investors

From Dirhams to Digital: UAE’s Cross-Border Payment Unveils the Future of Finance

In a monumental stride toward the future of global finance, the United Arab Emirates (UAE) has achieved a historic feat by completing the first cross-border payment using the Digital Dirham. This groundbreaking transaction, initiated by Sheikh Mansour bin Zayed Al Nahyan, Chairman of the Central Bank of the UAE, involved the transfer of AED50 million… Continue reading From Dirhams to Digital: UAE’s Cross-Border Payment Unveils the Future of Finance

German Police Seize $2.17 Billion in Bitcoin from Pirate Website Operator

German authorities have confiscated 50,000 Bitcoins with a market value of about $2.17 billion, which is the country’s “most extensive” crypto seizure. The cryptocurrencies were linked to a German piracy website. “This is the most extensive seizure of bitcoins by law enforcement authorities in the Federal Republic of Germany to date,” the German police noted… Continue reading German Police Seize $2.17 Billion in Bitcoin from Pirate Website Operator

‘HyperFund’: US Authorities Bust $1.9 Billion Crypto Ponzi Scheme

The authorities in the United States have busted the crypto Ponzi scheme called HyperFund that raised up to $1.89 billion from investors and brought civil and criminal charges against its Founder, Xue Lee (Sam Lee). The civil charges were brought by the Securities and Exchange Commission (SEC), and criminal charges by the federal prosecutors. A… Continue reading ‘HyperFund’: US Authorities Bust $1.9 Billion Crypto Ponzi Scheme

Bankrupt FTX Strengthens Cash Holdings to $4.4 Billion by Selling Crypto

Bankrupt FTX significantly increased its cash holdings to $4.4 billion by the end of 2023 as the collapsed crypto exchange has moved towards repaying customers and creditors. The cash holding almost doubled from $2.3 billion at the end of October, according to Chapter 11 monthly operating reports. Selling Crypto for Cash First reported by Bloomberg,… Continue reading Bankrupt FTX Strengthens Cash Holdings to $4.4 Billion by Selling Crypto

Crypto Hacking Losses Halved in 2023: A Surprising Turn

Funds stolen by hackers from cryptocurrency platforms fell by over 50% in 2023 compared to the previous year. However, the number of individual hacking incidents rose, indicating that hacking remains a significant threat for crypto investors. Crypto Hacking Losses Fall Over 50% in 2023 but Threat Remains In 2022, hackers stole a record $3.7 billion… Continue reading Crypto Hacking Losses Halved in 2023: A Surprising Turn

Hong Kong Flags “Floki” and “TokenFi” Staking Programs

Hong Kong has issued a warning regarding two suspicious investment offerings named “Floki Staking Program” and “TokenFi Staking Program.” These programs, enticing investors with promises of high annual returns ranging from 30% to over 100%, have caught the attention of the Securities and Futures Commission (SFC)for their dubious nature. Concerns over Crypto Staking Programs The… Continue reading Hong Kong Flags “Floki” and “TokenFi” Staking Programs

Binance Pulls the Plug on Russian Ruble: Delisting Confirmed by January 30

Binance, a major player in the cryptocurrency market, is bidding farewell to the Russian market. Part of this exit strategy and sale to CommEX includes plans to discontinue all services related to the Russian ruble (RUB) by early February 2024. This decision holds significant implications for users with RUB assets on the platform and has… Continue reading Binance Pulls the Plug on Russian Ruble: Delisting Confirmed by January 30

Nexo AG Files $3 Billion Arbitration Claim against Bulgaria

Nexo AG and its subsidiaries have initiated legal action against the Republic of Bulgaria, filing an International Centre for Settlement of Investment Disputes arbitration claim exceeding $3 billion. The claim alleges damages and lost opportunities resulting from what Nexo describes as wrongful and politically motivated actions by Bulgarian authorities. The Dismissal of Charges against Nexo’s… Continue reading Nexo AG Files $3 Billion Arbitration Claim against Bulgaria

FTX’s Claim Prices Surge Ahead of Crucial Court Hearing

FTX’s claims prices have experienced a remarkable surge, reaching almost 80 cents to the dollar, amid an anticipated hearing of a dispute between the bankrupt crypto exchange and its creditors. According to a report by Cointelegraph, FTX is advocating for a refund process based on the market prices for November 2022, while creditors are pushing… Continue reading FTX’s Claim Prices Surge Ahead of Crucial Court Hearing

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