CRYPTO BUSINESS

Roman Storm, the co-founder of embattled Tornado Cash, has filed to dismiss an indictment against him that alleged the open-source crypto tool was used to launder over $1 billion in "criminal proceeds" for North Korean hacking group Lazarus.

The Philippines Securities and Exchange Commission (SEC) has announced the prohibition of local access to Binance, the world's largest cryptocurrency exchange.

The SEC's motion for judgment and remedies, filed Friday, remains confidential to outside parties. But Ripple's chief legal officer Stuart Alderoty said the redacted versions of the documents will be made public by March 26.

ZachXBT has once again flagged cryptocurrency market maker Gotbit, this time noting there were two partner projects of Gotbit that rug pulled in the past week alone.

Nigeria's securities regulator now wants companies that want to operate as a digital platform in the country to pay up over $95,000 to register the business – and that's on top of other fees in the registration process lineup that crypto firms need to pay so they can do business in the country.

LedgerPrime, which was forced to wind down when FTX crumbled late in 2022, has returned under a new name and is looking to duplicate or surpass its achievements during its peak.

The Treasury's OFAC has blacklisted 10 Bitcoin and Ether addresses that it said were linked to two LockBit-associated individuals.

Fed Governor Christopher Waller has given a different take the DeFi marketplace amid ongoing fears that it could erode the U.S. dollar's dominance.

The sentencing of Binance founder and ex-CEO Changpeng Zhao has been pushed to late April following his piling legal losses, including the denial of his request to travel overseas.

MicroStrategy's rebranding move into a "Bitcoin development company" is "natural" for a firm that now has an enterprise value largely related to its Bitcoin strategy, Michael Saylor said.

BlackRock's Rick Rieder hinted that the world's largest asset manager may amass more Bitcoin in the future, depending on the public's attitudes toward the cryptocurrency.

Metaco, the crypto custody firm acquired by Ripple in May 2023, lost two executives Monday: its CEO and head of the company's products unit. The leadership shakeup comes as Ripple continues to fight the SEC in a years-long lawsuit over the crypto company's alleged securities law violations.

MicroStrategy has acquired hundreds more in Bitcoin last month, bringing its total BTC holdings to 190,000.

The SEC just scored a win in its case against Ripple as the crypto firm has been ordered to share its sensitive financial information with the regulator.

South Korea, which previously warned local securities firms against brokering spot Bitcoin ETFs from the U.S., is expected to discuss the matter with the SEC chief Gary Gensler this year.

OPNX, the exchange founded by two of the people behind fallen crypto hedge fund Three Arrows Capital, will shut down this month.

The K9 Founder says that within the DeFi landscape, it's about earning more and effectively "putting your BONE to work."

The nine Bitcoin ETFs collectively achieved a combined volume of $994.1 million, nearly doubling the flow observed in GBTC at $570 million.

November stood out as the month with the highest reported losses last year, totaling $363,367,327 from 45 incidents.

Bitcoin demonstrated resilience by establishing stability within the $39,000 to $40,000 range and showcased its bullish strength Friday when it saw a notable surge, closing at the $42,000 mark.

Charles Schwab's position may soon change, as it could be currently evaluating the strategic advantage of entering the market as a second mover in a space where many competitors raced to be the first, Bloomberg Intelligence analyst Eric Balchunas said.

"The need for federal legislation over cash market digital assets has never been more critical, and I will continue my call for action," the CFTC chair said.

When Vanguard made the decision to exclude the new Bitcoin ETFs from its extensive trading platform, the hashtag #BoycottVanguard quickly gained traction on the social media platform X (formerly Twitter). However, instead of yielding to the pressure, Vanguard reaffirmed its stance and remained resolute in its decision.

This impressive surge in inflows further cemented BlackRock's position as a trailblazer in the Bitcoin ETF sector.

Since transitioning to trade as a spot Bitcoin exchange-traded fund (ETF) on January 11, the Grayscale Bitcoin Trust (GBTC) has experienced an outflow of approximately $4.8 billion from its holdings.

Tesla Inc.'s fourth-quarter report noticeably omitted any mention of Bitcoin-related activities, underlining the company's continued ownership of its significant Bitcoin holdings, totaling 9,720 BTC.

During this week's hearing, the Office of the U.S. Trustee, the federal entity responsible for overseeing corporate bankruptcies, advocated for keeping the cost, duration and extent of the fresh investigation open until after the examiner's appointment.

GBTC has been recording massive outflows since it officially traded as a spot Bitcoin exchange-traded fund (ETF).

In the notice, the government explicitly outlines its intentions to liquidate the seized Bitcoin.