CRYPTO

Aside from charges in the U.S. and in his home country, Kwon could be facing another class-action lawsuit in Singapore.

Bitcoin on Monday rose past $40,000 for the first time since May last year, boosted by hopes that the United States will soon allow broader trading of the world's biggest cryptocurrency.

In an interview with a crypto blogger, mob enforcer-turned-informant Gene Borrello talked about Bankman-Fried and his condition inside the Brooklyn Metropolitan Detention Center as he awaits his sentencing next year.

The price rally of Bitcoin, which started in October, also fueled speculations that it would touch $40,000 or higher by the end of 2023.

Circle CSO Dante Disparte said the firm cannot be involved in such activities as it is subject to regulatory regimes and laws centered on money laundering and countering terror financing.

The recent COIN share sale by ARK's Fintech Innovation exchange-traded fund (ETF) is the biggest since July 25, 2023, when the ARK Next Generation Internet ETF sold over 53,000 COIN shares.

The latest BTC acquisition is MicroStrategy's second consecutive BTC purchase in the past couple of months since it acquired 155 BTC for around $5.3 million at the start of November.

FTX's stakes in these trusts would be sold in a manner that increases their value and does not impact the broader digital investment market, the court filing read.

Bloomberg Intelligence ETF analysts predict that there is a 90% likelihood that the U.S. Securities and Exchange Commission will approve the much-awaited spot Bitcoin ETF applications by Jan. 10.

Binance had previously made an announcement on this matter in August, stating that it would "gradually" phase out support for the stablecoin after the stablecoin issuer, Paxos, was ordered to stop minting the coin earlier this year.

With BlackRock's revised in-kind model proposal, it remains to be seen if the SEC would change its mind.

Zhao has been under fire since he pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement agreement with the Department of Justice and other agencies last week.

The crypto entrepreneur immediately released a statement defending his crypto businesses after the decline the value of TRON dropped and TrueUSD de-pegged.

The SEC's latest move on Franklin might also apply to Hashdex, analyst James Seyffart said, adding it might set in motion what industry watchers, including ARK Invest's Cathie Wood, have been discussing earlier about a potential full wave of approvals.

The platform warned customers that it may respond to the regulator's subpoena unless it is reversed by a court by Thursday.

The decision keeps Zhao from playing any role in Binance.US, including in the exchange's governance.

These metrics show Bitcoin holders' reluctance to sell while buyers look for BTC supply, which is one of the factors why the king of crypto reached a new year-to-date high of $38,410 on Nov. 24.

Last week, American investment management firm ARK Invest sold more GBTC shares, specifically 163,722, to earn $5.02 million.

This is not the only trouble Zhao could be facing in the days leading to his prison sentencing. A court filing by DOJ lawyers on Saturday revealed they might argue the Binance founder should be sentenced to up to 10 years in prison.

Richard Teng said in his first comments after becoming CEO that Binance is stronger than ever.

The SEC said its counsel was expected to report by Dec. 15, and if it failed to do so, the financial regulator would have to explore alternative services.

Malicious actors pretended to be officials from South Korea's National Pension Service, National Health Insurance, National Tax Service and National Police Agency to send phishing emails to recipients.

Zhao and the crypto exchange he founded, Binance, pleaded guilty to the DOJ's charge of one count of violating the Bank Secrecy Act.

Last week, there were three transactions that transferred BONE tokens to a wallet associated with Binance. This activity sparked speculation about the potential listing of the Shibarium gas fee token on the exchange.

Sun, who acts as an official representative of both crypto exchange platforms, shared his plans to not only cover the losses but also reward users.

A pending altcoin rally is on the horizon as notable trends show alternative coins are gaining strength, crypto analysts say.

Since its successful launch earlier this month, Shiba Ecosystem's The Shib magazine has become a habit for the Shib Army and even those outside the community.

The world's first-ever crypto asset continued to reach new heights as its price lingered between the $37,000 and $38,000 price territory.

Microstrategy is sitting on an unrealized profit of $8,155.91 per BTC or $1,291,896,144.