#Kazakhstan showcased anti-crime efforts at ( Eurasian Group )EAG seminar, blocking 980 illegal #cryptoexchanges, seizing $36.7M. #cryptonews

Multi-faceted approach: Legal framework, AFMRK enforcement, and preventive measures combat virtual asset crime effectively.
https://coinpedia.org/news/kazakhstan-takes-center-stage-at-eag-aims-to-block-980-unlicensed-exchanges/

New Developments in the FTX Saga: we dive deep into the latest and most dramatic turn in the FTX scandal.

Witness the explosive revelations from Caroline Ellison's recent testimony in the highly publicised trial of Sam Bankman-Fried (SBF).

Discover how her shocking statements reshape the entire narrative around one of the biggest financial stories of the decade.

Link: https://lnkd.in/gEJZ2NA8


#FTX #SBF #Caroline #Crypto #Coinpedia

#Binance settled with the DOJ, addressing DC's concerns, leading to CEO #CZ stepping down.

Tether faces ongoing negativity due to audit & reserve issues despite recent efforts.DC remains cautious, emphasizing KYC & AML practices post-Binance settlement.
https://coinpedia.org/news/tether-and-binance-in-the-spotlight-a-deep-dive-into-cryptos-regulatory-challenges/

#FTX and Alameda Research transfer $23.59 million #crypto assets to major exchanges, sparking speculation amid financial distress and legal troubles. #cryptonews
https://coinpedia.org/news/ftx-and-alameda-research-shift-23-59m-in-crypto-assets-to-major-exchanges-and-galaxy-digital-otc/

🔵 Global #cryptomarket cap: $1.65 trillion, a 2.42% increase in the last day.

🔵 Total #crypto market volume in the last 24 hours: $65.69 billion, showing an 11.55% decrease.

🔵 #DeFi market volume: $8.37 billion, constituting 12.74% of the total crypto market 24-hour volume.

🔵 #Stablecoins volume: $57.88 billion, representing 88.11% of the total crypto market 24-hour volume.

🔵 #Bitcoin dominance: 52.43%, an Increase of 1.82% over the day.

#Binance, the largest #cryptoexchange, faces intense U.S. #regulatory scrutiny, resulting in a record $4.3 billion settlement.

The SEC continues its lawsuit, alleging mishandling funds, misleading investors, and violating securities rules.
https://coinpedia.org/news/sec-stands-firm-binance-battle-rages-on-despite-dojs-4-3-billion-settlement/

South Africa's Financial Sector Conduct Authority (FSCA) scrutinizes 128 #crypto service provider applications, emphasizing customer onboarding, data protection, and risk management. #cryptonews
https://coinpedia.org/news/south-africas-crypto-regulatory-shift-mandates-local-presence-for-global-crypto-firms/

#Bitcoin's current resistance at $45k; analysts predict a bullish trajectory to $50-53k, citing positive metrics. #Crypto

Short-term caution due to potential corrections; optimism persists with $120k projection by Standard Chartered if ETFs are approved.
https://coinpedia.org/news/cryptoquant-predicts-btc-price-to-hit-53k-in-coming-month-is-this-the-right-time-to-buy-bitcoin/

Top Crypto News This Week 🤔❓

#cryptonews #cryptocurrency
https://coinpedia.org/news/top-crypto-news-this-week-december-4-9-2023/

#Bitcoin and top #cryptocurrencies surged due to excitement about Bitcoin Spot #ETF and central bank statements.

Analyst raises concerns about possible delays in ETF approval, citing various factors and uncertainties.
https://coinpedia.org/news/analyzing-the-roadblocks-why-an-etf-approval-by-january-10th-seems-unlikely/

Key Events This Week #Cryptocurency #Crypto

📅Tuesday (12-12-2023)- #CPI Inflation Data at 8:30am EST

📅Wednesday (13-12-2023)- #PPI inflation Data at 8:30am EST

📅Wednesday (13-12-2023)- #FOMC rate hike and press conference at 2pm EST

📅Wednesday #FED Chair #Powell Press Conference

📅Thursday (14-12-2023)- Retail Sales at 8:30am EST

🔵#Bitcoin (BTC) remained above $42,000 early Monday

🔵Minor losses observed for leading #cryptocurrencies- #Altcoins such as #Ethereum (ETH), #Solana (SOL), #Ripple (XRP), #Litecoin (LTC), and #Dogecoin (DOGE) saw slight declines

🔵Market fear and greed index at 80 (extreme greed) per @CoinMarketCap data

🔵Positive sentiment towards cryptocurrencies, likely due to the holiday season boost

🔵BitTorrent (New) BTT emerged as the biggest gainer

🔵Kava (KAVA) recorded as the biggest loser

🔵 Global cryptocurrency market cap stood at $1.58 trillion & 24-hour loss registered at 3.40 percent at the time of writing

November witnessed major breaches in #HTX, #Poloniex, Heco Bridge, #KyberSwap, and Kronos Research, resulting in a $290 million theft.

Concerns rise over HTX's financial fallout and potential fraud activities, impacting #Bitcoin prices and market stability.
https://coinpedia.org/news/htx-crypto-exchange-drained-of-258-million-post-hack/

#Tether, previously lax on rules, freezes 161 wallets linked to OFAC (US Office of Foreign Asset Controls)-listed individuals, signaling potential changes.

The move aims to prevent misuse, but concerns arise as frozen wallets show minimal #USDT holdings.
https://coinpedia.org/news/breaking-down-tethers-latest-sanctions-161-wallets-frozen-11-with-usdt-holdings/

#DOJ intensifies #regulatory scrutiny on #Binance, with #FinCEN mandates, marking a significant compliance challenge.

SEC's involvement, filing "Supplemental Authority," adds to Binance's legal woes, impacting defense against allegations.https://coinpedia.org/news/ex-sec-official-raises-alarm-bells-is-this-the-downfall-of-binance/

#XRP holders play a pivotal role, filing affidavits, influencing court decisions, & challenging SEC's theories. #Crypto

Writ of Mandamus shifts narrative, highlighting court authority, dismissing SEC's "embodiment theory,"& securing XRP holders' rights.
https://coinpedia.org/news/ripple-news-the-unprecedented-role-of-xrp-holders-in-shaping-crypto-legal-precedents/

#XRP's legal victory on June 10, 2023, led to a temporary price surge, but gains were short-lived.

Despite legal clarity, XRP's market performance remains inconsistent, prompting questions about long-term factors influencing its price.
https://coinpedia.org/news/xrps-legal-triumph-vs-market-struggle-analyzing-the-cryptocurrencys-volatile-journey/

Billionaire investor Novogratz reverses skepticism on #Ripple, praising legal wins & #XRP's unique features.

He praises the XRP community, highlighting distinct features of XRP, suggesting coexistence with #Bitcoin.
https://coinpedia.org/news/from-skeptic-to-supporter-mike-novogratzs-remarkable-u-turn-on-ripple-and-xrp/

Cathie Wood's #ARKInvest Sells $49.2 Million Worth of Coinbase Stocks #Cryptonews

🔵ARK Invest, led by Cathie Wood, sold a significant amount of Coinbase (#COIN) shares on Friday—335,860 shares to be exact.

🔵The total value of the sale amounted to approximately $49.2 million, marking it as the largest single sale by ARK Invest since July.

🔵The reason behind the sale was ARK Invest's adherence to a target weight policy, limiting a single portfolio's exposure to a maximum of 10%. The recent surge in #Coinbase's stock price prompted this move.

🔵The surge in the value of Coinbase shares led ARK Invest to rebalance its portfolio by selling a portion of its holdings to maintain the desired balance and risk level within their #ETFs.

#Bitcoin & #Ethereum faced a significant drop, triggering long trader liquidations and a bearish market sentiment

#Altcoin enthusiasm rises amid social media buzz and potential Bitcoin dominance decline, hinting at an approaching "alt season"
https://coinpedia.org/news/crypto-market-faces-turbulence-bitcoin-leads-downturn-as-altcoins-gear-up-for-rally/

#BitcoinHalving Countdown

The Next #Bitcoin halving, anticipated to occur in April 2024 at block number 840,000, will reduce the #mining reward by half.

This event will decrease the reward for mining a new #block on the Bitcoin network from the current 6.25 BTC to 3.125 #BTC.