Criptor

According to a news flash from Reuters, authorities in France have opened a probe into allegations involving Binance. Officials are reviewing money laundering, tax fraud, and drug trafficking to determine whether the platform facilitated transactions tied to criminal networks and offered services before securing required registrations. France is a key territory for Binance within Europe, but the exchange has faced several challenges in the country over the past few years. The Paris Public Prosec...

Crypto Slate

67 days ago

Japanese Bitcoin investment firm Metaplanet has revealed plans to raise 116 billion yen ($745 million) through the issuance of 21 million shares, according to a Jan. 28 statement. According to the firm, the significant capital raise would be used to bolster the company's Bitcoin holdings. Dylan LeClair, the firm's director of Bitcoin strategy, emphasized the significance of this initiative, noting that it represents the largest equity offering in Asia aimed explicitly at Bitcoin acquisition. The...

Crypto Slate

67 days ago

Amid Bitcoin's rally to $100,000 and beyond, BTC price movements have been influenced by interesting dynamics behind the scenes. Buying patterns among whales, retail, spot, and futures have fluctuated notably over the past nine months since BlackRock first filed for a spot Bitcoin ETF. Large investors' Bitcoin holdings have been rising steadily since July 2024, while retail holdings have declined by a similar amount, according to charts from CryptoQuant. Retail vs Whale (Source: CryptoQuant) Dat...

Crypto Slate

67 days ago

Ripple CEO Brad Garlinghouse has advocated for a US digital asset reserve incorporating multiple cryptocurrencies rather than focusing solely on Bitcoin. In a Jan. 28 post on X (formerly Twitter), Garlinghouse suggested that a future US digital asset reserve should reflect the diversity of the crypto ecosystem. He argued that restricting such a reserve to a single token would fail to capture the broader landscape of the industry. He wrote: "If a govt digital asset reserve is created - I believe ...

Crypto Slate

68 days ago

KuCoin pleaded guilty to operating an unlicensed money-transmitting business in a settlement with the U.S. Department of Justice on Jan. 27, agreeing to exit the U.S. market for two years and pay penalties nearing $300 million. The plea addresses allegations the exchange failed to register with the Financial Crimes Enforcement Network, maintain anti-money-laundering safeguards, and report suspicious activities, per the U.S. Attorney's Office for the Southern District of New York. Court documents...

Crypto Slate

68 days ago

Foundry USA and AntPool have been dominating the Bitcoin mining ecosystem in recent weeks. Foundry USA is the largest mining pool, contributing over 34% of the total blocks mined in the past week. This is a remarkable achievement, given the size and decentralization of the Bitcoin mining industry. Such a high market share shows just how much of the hash power Foundry has — data from Mempool puts its estimated hashrate at around 233 EH/s. Market share of various mining pools on Jan. 27, 2025 (Sou...

Crypto Slate

68 days ago

Acting Chairman of the Commodity Futures Trading Commission (CFTC) Caroline Pham unveiled plans to launch a series of public roundtables aimed at addressing emerging challenges and opportunities in market structure and innovation. The initiative will focus on key areas such as affiliated entities, conflicts of interest, prediction markets, and the burgeoning field of digital assets, underscoring the agency's commitment to adapting its oversight to the rapidly evolving financial landscape. Pham, ...

Crypto Slate

68 days ago