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HTX Overtakes Coinbase in Daily Trading Volumes: A New Era for Crypto Exchanges

May 28, 2024 | coinnounce.com | Gauri pant

In the competitive landscape of cryptocurrency exchanges, HTX (formerly known as Huobi) has recently achieved a significant milestone by surpassing the United States-based Coinbase in daily spot trading volumes. This shift marks a notable change in the hierarchy of global crypto trading platforms. HTX Surges Ahead in Trading VolumesHTX's ascent in the crypto exchange market has been remarkable.
TurkeyAdvancesCryptocurrency Regulation with Draft Legislation Aimed at International Compliance

May 17, 2024 | coinnounce.com | Janet Sánchez |Gauri pant |Saumil Kohli

In a significant move toward integrating with global financial regulations, Turkey has introduced a draft bill aimed at revamping its cryptocurrency legislation. Submitted to the parliament on May 16, this bill seeks to align Turkey's crypto regulations with international standards, primarily focusing on licensing, registration, and the operational framework for crypto asset service providers.
BTC-e Founder Admits Guilt in $9 Billion Money Laundering Conspiracy

May 4, 2024 | coinnounce.com | Gauri pant |Janet Sánchez

Alexander Vinnik Faces Sentencing After Pleading Guilty to Extensive Criminal ActivitiesAlexander Vinnik, the Russian co-founder of the now-defunct crypto exchange BTC-e, has pleaded guilty to charges of money laundering, marking a significant development in a case that has captured global attention.
Bitget Exchange Sees Substantial Growth in Q1 2024

Apr 11, 2024 | coinnounce.com | Gauri pant |Layla Harding

Volume Surpasses $1.6 Trillion Amid Crypto Bull MarketBitget, a cryptocurrency exchange, has reported impressive growth in the first quarter of 2024, with futures and spot volume exceeding $1.4 trillion and $160 billion, respectively. This marks a significant increase from Q1 2023, where futures trading volume was $658 billion and spot trading volume was $59 billion. Expanding User Base and Product OfferingsThe exchange now boasts over 25 million users across its trading platform and Web3 wallet.
Tornado Cash Co-Founder Seeks Dismissal of Money Laundering Allegations

Apr 1, 2024 | coinnounce.com | Janet Sánchez |Gauri pant

Roman Storm's Legal Team Claims Charges Are BaselessRoman Storm, the co-founder of the cryptocurrency mixing service Tornado Cash, has formally requested the dismissal of all charges against him, relating to accusations of operating a money laundering scheme and breaching the International Emergency Economic Powers Act. His legal representatives argue that the charges are fundamentally flawed, given that Storm had no control over preventing sanctioned entities from utilizing the crypto mixer.
Coinbase Transfers Customer and Corporate USDC Balances to Base

Mar 27, 2024 | coinnounce.com | Gauri pant

Coinbase, a leading cryptocurrency exchange, has announced its decision to shift more of its customer and corporate USD Coin (USDC) stablecoin accounts to Base, its Ethereum layer-2 blockchain. This move, which comes over seven months after Base's launch, is aimed at enhancing the management and security of customer funds while reducing fees and settlement times, according to Coinbase vice president Max Branzburg.
FTX Set to Offload $1B Anthropic Stake to Settle Bankruptcy Debts

Mar 23, 2024 | coinnounce.com | Gauri pant

Defunct cryptocurrency exchange FTX is reportedly gearing up to sell its stake in artificial intelligence firm Anthropic for approximately $1 billion. This move is part of a strategy to pay off its bankruptcy debts, according to a report from CNBC on March 22. Anthropic is currently exploring various investors to purchase the stake, with a deal expected to be finalized within the next few weeks.
Kenya Defies US Pressure, Maintains Worldcoin Suspension

Mar 22, 2024 | coinnounce.com | Gauri pant

Kenya's Minister of Interior and National Administration has announced that the country will not lift the suspension on the activities of the cryptocurrency project Worldcoin, despite pressure from the United States government to do so. Background and SuspensionThe suspension was imposed in August 2023, citing concerns about the safety and integrity of financial deals.
Rare CryptoPunk #7804 Sells for Record $16.4M in Ether

Mar 22, 2024 | coinnounce.com | Gauri pant

CryptoPunks, the blue-chip NFT collection, saw another historic sale as CryptoPunk #7804 was sold for 4,850 ETH, approximately $16.4 million. This sale marks the second-largest CryptoPunk NFT sale to date, following another high-profile sale earlier in March. Second-Highest Selling PriceThe sale of CryptoPunk #7804 on March 20 set a new record as the second-highest selling price for a CryptoPunk.
ARK Invest Sells $52M of Coinbase Shares Amid Stock Surge

Mar 22, 2024 | coinnounce.com | Gauri pant

Cathie Wood's ARK Invest has made another significant move, selling $52.3 million worth of Coinbase shares as the stock price of the cryptocurrency exchange surged above $270. Profits from Coinbase StashARK Invest, known for its spot Bitcoin exchange-traded funds (ETF) in the U.S., sold 199,526 Coinbase shares on March 21. This included 133,533 shares from the ARK Innovation ETF (ARKK), valued at approximately $35 million based on Coinbase's closing price of $262 on that day.