Dutch central bank says KuCoin is not licensed and 'illegally offering services'
"This may increase the risk of customers becoming involved in money laundering or terrorist financing," says De Nederlandsche Bank.
In 2021, De Nederlandsche Bank made similar allegations of illegal operations against Binance Holdings Limited for allegedly violating AML/CFT regulations. Binance later paid an “administrative fine” of more than 3 million euros due to the violations.
https://cointelegraph.com/news/dutch-central-bank-says-kucoin-is-not-licensed-and-illegally-offering-services.
📍 Follow @Coins for the hottest news in crypto.
"This may increase the risk of customers becoming involved in money laundering or terrorist financing," says De Nederlandsche Bank.
In 2021, De Nederlandsche Bank made similar allegations of illegal operations against Binance Holdings Limited for allegedly violating AML/CFT regulations. Binance later paid an “administrative fine” of more than 3 million euros due to the violations.
https://cointelegraph.com/news/dutch-central-bank-says-kucoin-is-not-licensed-and-illegally-offering-services.
📍 Follow @Coins for the hottest news in crypto.
Cointelegraph
Dutch central bank says KuCoin is not licensed and 'illegally offering services'
The Netherlands' central bank warned users KuCoin was not in compliance with the country’s AML and CFT regulations, risking customer involvement.
👍1
Sam Bankman-Fried in 'Good Spirits' in Rat-Infested Prison
The FTX founder has spent two days in sick bay at the Bahamas’ Fox Hill prison, where he will remain until a hearing in February.
https://decrypt.co/117374/sam-bankman-fried-in-good-spirits-in-rat-infested-prison
📍 Follow @Coins for the hottest news in crypto.
The FTX founder has spent two days in sick bay at the Bahamas’ Fox Hill prison, where he will remain until a hearing in February.
https://decrypt.co/117374/sam-bankman-fried-in-good-spirits-in-rat-infested-prison
📍 Follow @Coins for the hottest news in crypto.
Decrypt
Sam Bankman-Fried in 'Good Spirits' in Rat-Infested Prison - Decrypt
The FTX founder has spent two days in sick bay at the Bahamas’ Fox Hill prison, where he will remain until a hearing in February.
👍2
Flow Hits New Low After (under $0.9) NFT Trading Craters, Dapper Downsizes.
$Flow is now down 26% over the last 30 days, coinciding with falling NFT activity on the platform and Dapper Labs’ recent layoffs.
📍 Follow @Coins for the hottest news in crypto.
$Flow is now down 26% over the last 30 days, coinciding with falling NFT activity on the platform and Dapper Labs’ recent layoffs.
📍 Follow @Coins for the hottest news in crypto.
👍3
A couple of hours ago Elon attended a Twitter space hosted by a BuzzFeed journalist about banning handles that 'doxx' real-time information of people. Example: Elonjet handle that tracked Elon Musk's jet.
Several journalists were banned from Twitter.
Do you support this move by Elon?
👍 Yes
👎 No
😐 I don't know what you are talking about.
Twitter space where Elon spoke about this issue: https://twitter.com/brenonade/status/1603612768221155328
📍 Follow @Coins for the hottest news in crypto.
Several journalists were banned from Twitter.
Do you support this move by Elon?
👍 Yes
👎 No
😐 I don't know what you are talking about.
Twitter space where Elon spoke about this issue: https://twitter.com/brenonade/status/1603612768221155328
📍 Follow @Coins for the hottest news in crypto.
X (formerly Twitter)
Brennan Murphy on X
Here is Elon’s full appearance in @katienotopoulos’ spaces with banned journalists tonight
👍36👎16🤔4
Huge dip in active developers of mainstream blockchains has dropped from 3,700 in January this year to about 1,600 currently.
📍 Follow @Coins for the hottest news in crypto.
📍 Follow @Coins for the hottest news in crypto.
👍2
Crypto FUD Heightens.
400k Holders Less - The number of addresses with USDT on Ethereum dropped from 4.01M to 3.57M this week.
The reason behind this move remains unclear, though it could be linked to Wall Street's increased short-selling activity against USDT which was reported by Bloomberg.
📍 Follow @Coins for the hottest news in crypto.
400k Holders Less - The number of addresses with USDT on Ethereum dropped from 4.01M to 3.57M this week.
The reason behind this move remains unclear, though it could be linked to Wall Street's increased short-selling activity against USDT which was reported by Bloomberg.
📍 Follow @Coins for the hottest news in crypto.
👍10👎1
Raydium Protocol hacked.
An exploit on Raydium is being investigated that affected liquidity pools. Initial understanding is owner authority was overtaken by attacker, but authority has been halted on AMM & farm programs for now.
https://solana.fm/address/AgJddDJLt17nHyXDCpyGELxwsZZQPqfUsuwzoiqVGJwD/transfers?cluster=mainnet-qn1
📍 Follow @Coins for the hottest news in crypto.
An exploit on Raydium is being investigated that affected liquidity pools. Initial understanding is owner authority was overtaken by attacker, but authority has been halted on AMM & farm programs for now.
https://solana.fm/address/AgJddDJLt17nHyXDCpyGELxwsZZQPqfUsuwzoiqVGJwD/transfers?cluster=mainnet-qn1
📍 Follow @Coins for the hottest news in crypto.
solana.fm
SolanaFM - Solana Explorer
SolanaFM is the friendliest block explorer which provides analytics and indexing services for Solana.
👍12😁1😱1
Hurry up and click Join
https://t.me/+9FkKscdJmCBjMDY8
Please open Telegram to view this post
VIEW IN TELEGRAM
❤14👎7😁2👍1😢1
Blur, NFT marketplace backed by Paradigm, has almost 8% of volume washed, while market leader OpenSea sees only 2.4%.
On these platforms, which do not offer obvious token rewards, the motivation of wash traders is likely to be gaming the algorithms to make certain collections appear higher in rankings.
So, to sum things up, wash trading on Ethereum is massive, particularly on platforms which offer token rewards for trading.
The “huge” volume of certain marketplaces is a complete mirage.
📍 Follow @Coins for the hottest news in crypto.
On these platforms, which do not offer obvious token rewards, the motivation of wash traders is likely to be gaming the algorithms to make certain collections appear higher in rankings.
So, to sum things up, wash trading on Ethereum is massive, particularly on platforms which offer token rewards for trading.
The “huge” volume of certain marketplaces is a complete mirage.
📍 Follow @Coins for the hottest news in crypto.
👍4
CryptoPunks have seen an incredible total sales volume of over $2.4 Billion.
The highest ever sale was a crazy 8000 $ETH - over $23.7m - but these days the floor price is down to “only” 63.7 $ETH
📍 Follow @Coins for the hottest news in crypto.
The highest ever sale was a crazy 8000 $ETH - over $23.7m - but these days the floor price is down to “only” 63.7 $ETH
📍 Follow @Coins for the hottest news in crypto.
😁1
Trump NFT stats:
Starting yesterday, thousands were minted in the first few hours with users paying $99 per mint.
The entire collection of 45k has now sold out, with almost 13k wallets minting an average of 3.5 each.
Trump cards have been traded over 10 thousand times, with total volume topping $1.58m.
Over 18% of the entire collection have already been traded for an average of $151.5.
Some are going for a lot more though, with a top sale of over $7.6k!
📍 Follow @Coins for the hottest news in crypto.
Starting yesterday, thousands were minted in the first few hours with users paying $99 per mint.
The entire collection of 45k has now sold out, with almost 13k wallets minting an average of 3.5 each.
Trump cards have been traded over 10 thousand times, with total volume topping $1.58m.
Over 18% of the entire collection have already been traded for an average of $151.5.
Some are going for a lot more though, with a top sale of over $7.6k!
📍 Follow @Coins for the hottest news in crypto.
🔥11👍1
Binance Futures had a volume of ~$15 trillion dollars. At an average Taker fee of 0.02%, that would be $3 Billion in annual revenue just from trading.
Show a firm that makes this kind of money in our space.
📍 Follow @Coins for the hottest news in crypto.
Show a firm that makes this kind of money in our space.
📍 Follow @Coins for the hottest news in crypto.
😱37👍8👎7😁5🔥2😢2
Nigeria set to legalize Bitcoin usage
Nigeria is looking to enact a law recognizing the use of Bitcoin and other digital currencies to stay current with “global practices.”
Despite banning BTC in 2021, this year saw a considerable increase in the volume of BTC traded nationally.
https://www.cryptopolitan.com/nigeria-set-to-legalize-bitcoin-usage
📍 Follow @Coins for the hottest news in crypto.
Nigeria is looking to enact a law recognizing the use of Bitcoin and other digital currencies to stay current with “global practices.”
Despite banning BTC in 2021, this year saw a considerable increase in the volume of BTC traded nationally.
https://www.cryptopolitan.com/nigeria-set-to-legalize-bitcoin-usage
📍 Follow @Coins for the hottest news in crypto.
Cryptopolitan
Nigeria set to legalize Bitcoin usage – Cryptopolitan
While Bitcoin (BTC) has dropped to its lowest level in the last two years, many organizations throughout the world have always considered it as a tool against inflation. Africa has, nevertheless, been a continent that has been dominant in the use and adoption…
👍19👎3🔥1
More bleeding expected!!
Mt. Gox, Bitfinex auction and ongoing miner selling there is ~$11B of BTC supply expected in 2023 at current levels. Approx 2B each for Gox, Bitfinex and Grayscale, and 5.3B for miner issuance.
Stay safe.
📍 Follow @Coins for the hottest news in crypto.
Mt. Gox, Bitfinex auction and ongoing miner selling there is ~$11B of BTC supply expected in 2023 at current levels. Approx 2B each for Gox, Bitfinex and Grayscale, and 5.3B for miner issuance.
Stay safe.
📍 Follow @Coins for the hottest news in crypto.
👍16🤯7👎6😢3👏1
Binance net flows remain reasonable amidst withdrawal surge.
On December 11th, Binance froze withdrawals on some accounts that were profiting from irregular price movements on the exchange, which was then determined to just be market behavior. The intervention raised eyebrows at the power CEXs have over client funds.
The exchange then got hit with a surge in USDC withdrawals, which it had trouble processing due to the need for liquidity by swapping PAX or BUSD for more USD Coin during non-banking hours.
While there was over $6b in outflows from Binance addresses on the Ethereum network alone on December 13th, there was also $6b of inflow activity, leaving the net flow at only -$245m. Both inflows & outflows were higher than normal throughout the week.
This does not even mark the lowest net flow for the month, as withdrawals exceeded deposits by over $1 billion on November 24th.
The lowest net flow of the week was on December 12th at -$829 million.
📍 Follow @Coins for the hottest news in crypto.
On December 11th, Binance froze withdrawals on some accounts that were profiting from irregular price movements on the exchange, which was then determined to just be market behavior. The intervention raised eyebrows at the power CEXs have over client funds.
The exchange then got hit with a surge in USDC withdrawals, which it had trouble processing due to the need for liquidity by swapping PAX or BUSD for more USD Coin during non-banking hours.
While there was over $6b in outflows from Binance addresses on the Ethereum network alone on December 13th, there was also $6b of inflow activity, leaving the net flow at only -$245m. Both inflows & outflows were higher than normal throughout the week.
This does not even mark the lowest net flow for the month, as withdrawals exceeded deposits by over $1 billion on November 24th.
The lowest net flow of the week was on December 12th at -$829 million.
📍 Follow @Coins for the hottest news in crypto.
👍3🤔1