The National Defence Authorization Act’s two repealed sections dealt with problems related to money laundering and cryptocurrency. Two clauses intended to address concerns about cryptocurrency-related money laundering were removed by the US government from the National Defence Authorization Act (NDAA). The nation’s defence department is permitted to use federal funds in accordance with the NDAA,

The UK Financial Conduct Authority took almost three years to address fraudulent activity in cryptocurrency ATMs nationwide, according to the National Audit Office. Concerns have been raised by the UK’s National Audit Office (NAO) regarding the Financial Conduct Authority’s (FCA) ability to effectively regulate the cryptocurrency market. The NAO has stated that the FCA is

Externally owned accounts (EOAs), which are currently identified as the top holders of HXA tokens, dispersed the funds obtained by the KyberSwap exploiter, according to blockchain security firm Cyvers. The native utility token of the Herencia Artifex NFT project, HXA, was found to have moved $50 million and was connected to the KyberSwap exploiter, according

On December 8, asset management VanEck submitted a fifth modified application to create an exchange-traded fund (ETF) with spot Bitcoin. Updates to the VanEck Bitcoin Trust are highlighted in the revised filing to the S-1 Form with the United States Securities and Exchange Commission (SEC), according to the regulator’s database. A place Investing in a

The government of El Salvador has been working hard to encourage the country’s citizens to accept cryptocurrencies, but as a recent CoinGecko research showed, not many people really possess cryptocurrency in El Salvador. The report, which was released on December 7, reaffirms that El Salvador is the only nation in the world now accepting cryptocurrencies

$23.59 million was transferred recently, and it was divided among 19 different tokens, including LINK, DOGE, ETH, ALEPH, CRV, AVAX, MATIC, UNI, and SOL. $23.59 million worth of digital assets were transferred over the course of four days by wallets connected to the now-defunct cryptocurrency trading companies FTX and Alameda Research to leading exchanges. Using

The US SEC and Fidelity convened to talk about Fidelity’s Wise Bitcoin Origin Trust application, going over product operational functionality and diagrams. Fidelity and the US Securities and Exchange Commission (SEC) recently met to discuss Fidelity’s application for an exchange-traded fund (ETF) that would allow it to trade Bitcoin on the spot. In a meeting,

A federal judge decided Thursday night that Binance founder and former CEO Changpeng Zhao (CZ) could not leave the country before his sentencing.Zhao is expected to appear in court in February 2024. Last month, Zhao entered a guilty plea to one count of breaking the Bank Secrecy Act.After putting some money in escrow and having guarantors put up about $5 million in assets as collateral, he was freed on a $175 million personal recognizance bond.Zhao was first granted a bond that allowed him to return to the United Arab Emirates, where he, his partner, and his children reside. However, the prosecution contended that Zhao posed a flight risk and shouldn’t be allowed to leave the country. The Department of Justice was supported by District Judge Richard Jones of the Western District of Washington. “The defendant has articulated justifications that in most cases would cause the government’s motion to be denied,” the judge wrote. “However, a critical feature of the government’s motion is the extent of the defendant’s enormous wealth and absence of an extradition treaty with the UAE. In addition, the defendant’s family resides in the

In a recent effort to draw permanent residents to the nation, El Salvador is focusing on bitcoin (BTC) and cryptocurrency millionaires. Thursday marked the launch of the country’s “Freedom VISA” programme, which grants residency to up to 1,000 individuals annually who invest at least $1 million in bitcoin or USDT stablecoins. A path to full

According to a company spokesperson, cryptocurrency exchange Binance has withdrawn its application for an Abu Dhabi licence, as reported by Reuters. Reuters said that the application, which was submitted a year ago, was withdrawn on November 7. Binance would have been able to run a pooled investment fund with the licence. “When assessing its global

Bitkey, a self-custody bitcoin wallet, is now available for pre-order in more than 95 countries thanks to a fintech company founded by Jack Dorsey, Block (SQ). Block revealed on Thursday that Bitkey consists of a set of recovery tools, a hardware device, and a mobile app.  Customers can use the app on their phone to

According to an English court document, Craig Wright’s Tulip Trading must demonstrate that it is the rightful owner of the approximately 110,000 bitcoins (BTC) that are at issue in a 2021 lawsuit brought against a consortium of bitcoin developers. The developers, in that scenario, are contesting Tulip’s lawsuit on the grounds that they improperly declined

Bangalore, India — One of the “Big Four” accounting firms, Deloitte, has a division that specialises in providing supply-chain and logistics services for the shipping industry. Kilt, a blockchain platform built on Polkadot, will be utilised for this purpose. During a fireside chat at India Blockchain Week, Ingo Rube, the creator of the KILT Protocol,

21Shares, a cryptocurrency exchange-traded product (ETP) company based in Switzerland, acknowledged the departure of its chief operating officer in an email.Before joining 21Shares in September 2020, Lucy Reynolds served as head of product management at WisdomTree Europe, where she was a member of the executive team. “She has played a pivotal role in the evolution of our company and we are grateful for her contributions,” said a spokesperson for 21Shares in an email to CoinDesk. “This mutual decision has been in the works for over 6 months, and we have been collaborating together on the transition plan.” Due to poor demand, 21Shares closed six of its ETPs in March.The company website states that it continues to provide five funds in partnership with Cathie Woods’ ARK Invest. ARK/21Shares is one of several asset managers that have submitted applications for regulatory permission in the United States for a spot bitcoin exchange-traded fund. The Switzerland-based company was valued at $2 billion after raising $25 million in a fundraising round the previous year.

Due to the sudden and sharp increase in price of Bitcoin, investors are once again taking risks in the cryptocurrency market and investing heavily in joke cryptocurrencies such as dogecoin (DOGE).According to TradingView-tracked data, DOGE, the most popular cryptocurrency worldwide, has increased in value by more than 10% in the last day, trading above $0.10 for the first time since April.The price has increased by 27% in the last seven days, seemingly in line with the rise of bitcoin from $38,000 to $44,000. According to analytics source CoinGlass, the notional open interest—the dollar amount locked in the number of active futures and perpetual futures contracts—tied to DOGE has increased by 58% to $625 million in just one week, hitting a level not seen since Nov. 2, 2022.It is believed that rise and a growing price support the uptrend.Velo Data data reveal that funding rates on a number of exchanges have increased to an annualized 50% or higher, suggesting a significant premium in perpetual futures over spot prices.Positive rates represent the general optimism among investors that prices will likely rise and show a preference for long, or bullish, bets. Joke cryptocurrencies are high-beta investments that have a tendency to move more or less in the same direction as bitcoin.Stated differently, they act like leveraged bets on the biggest cryptocurrency.Because DOGE’s excessive positive activity in relation to bitcoin is a sign of speculative froth, which is frequently seen near the end of a market-wide bullish trend, investors should be cautious. With the DOGE/BTC ratio still at bear market lows, DOGE’s most recent increase, while spectacular, isn’t necessarily an indication of excessive greed.This ratio quickly spiked, predicting both the market-wide panic brought on by FTX in November 2022 and Bitcoin’s peak above $60,000 in April 2021.

It’s dog token season again, and a few well-known tokens are giving their owner double returns.A financial inflow to the Solana blockchain and a growth in riskier bets on tokens based on the network have caused Bonk, a token with a Shiba Inu motif that was first launched last December, to return almost 1,000% in the previous month. Following dogecoin (DOGE) and shiba inu (SHIB), bonk has surged more than 70% since Sunday, making it the third-largest token with a dog theme.Its market value of $500 million now exceeds that of BabyDogeCoin ($350 million) and floki (FLOKI) by $400 million. Although bonk was once designed as a meme coin, the Solana ecosystem quickly embraced it.In the weeks following launch, several Solana projects implemented “burn” methods for NFT-based events, while others integrated the token for use as payment for NFTs.According to what CoinDesk previously learnt from one of the various developers, Bonk is a group of 22 people without a single leader who were all involved in the project’s beginning.Each has already developed non-fungible tokens (NFT), decentralized applications (dapps), and other similar goods on Solana. The Solana ecosystem has garnered significant attention, which appears to have increased the token’s appeal since October.The amount of trading volume reached $80 million on Tuesday, which is ten times more than the $8 million daily average at the beginning of November.Data indicates that in tandem with the token’s price increase, traders have also opened highly leveraged bets.From less than $10 million at the beginning of November, open interest, or the total amount of unfilled futures positions, surged to $100 million on Tuesday. CoinGecko data reveals that other tokens with a dog theme have also appreciated during the last day.SHIB increased 10% and DOGE increased 16%.Conversely, FLOKI dropped after investors cashed in following a 25% increase on Tuesday.

The Worldcoin Foundation, a nonprofit organisation dedicated to advancing the Worldcoin protocol, revealed the details of its $5 million “Wave0” community grants programme on Wednesday. A draught press release states that the grants are intended to provide developers on Worldcoin with a “focus on building resilient technology and more equitable systems.” The Worldcoin protocol is

Cathie Wood’s ARK Invest recently sold $33 million worth of Coinbase (COIN) stock after the cryptocurrency exchange’s shares, based on the day’s closing price, reached a 19-month high on the strength of bitcoin’s (BTC) most recent surge. Over three separate exchange-traded funds (ETFs)—Innovation (ARKK), Next Generation Internet (ARKW), and Fintech Innovation (ARKF)—ARK sold a total