Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

September 28, 2024 Bitcoin.com

Binance

Binance founder and former CEO Changpeng Zhao (CZ) has been released from U.S. custody after serving a four-month sentence for his role in compliance failures at Binance. His sentence followed a plea deal that included a $50 million fine and stepping down as Binance’s CEO. Despite his prison sentence, Zhao remains incredibly wealthy, with plans […]

Banking Giant Standard Chartered Secures Greenlight To Offer Crypto Custody Services in the European Union

Bybit Expands in CIS Region With Kazakhstan License for Crypto Services

September 28, 2024 Bitcoin.com

AFSA

Crypto exchange Bybit has secured a major license in Kazakhstan, marking its expansion in the Commonwealth of Independent States (CIS) region. With its new regulatory approval, Bybit plans to offer a broad range of services including digital asset trading and crypto loans, while emphasizing Kazakhstan’s growing influence in the global crypto ecosystem. Bybit Secures Key […]

Banking Giant Standard Chartered Secures Greenlight To Offer Crypto Custody Services in the European Union

Crypto Platform CEO Arrested for Allegedly Paying Deputies in Extortion Scheme

September 28, 2024 Bitcoin.com

Adam Iza

Crypto platform Zort’s CEO has been arrested on multiple charges. Allegations against Iza include paying large sums to Los Angeles County deputies for illegal activities, such as unlawful searches, extortion schemes, and even a failed kidnapping attempt. “Iza boasted about paying ‘active duty’ law enforcement $280,000 per month,” according to the authorities. Crypto Platform CEO […]

Banking Giant Standard Chartered Secures Greenlight To Offer Crypto Custody Services in the European Union

Bitcoin should be treated as a commodity, like gold: Cantor Fitzgerald CEO

September 28, 2024 Coin Telegraph

Bitcoin

Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.

On Sept. 27, Howard Lutnick, the CEO of financial Cantor Fitzgerald, appeared on Fox Business and urged regulators to classify Bitcoin as a commodity, similar to gold and oil.

In the “Mornings with Maria” interview, Lutnick stated that Bitcoin’s (BTC) status as a commodity is well-established and called for clearer regulation of the cryptocurrency space.

Banking Giant Standard Chartered Secures Greenlight To Offer Crypto Custody Services in the European Union

Blackrock Amasses $24 Billion in Bitcoin, Approaches 2% of Total Supply

September 28, 2024 Bitcoin.com

Blackrock Amasses Billion in Bitcoin, Approaches 2% of Total Supply

Asset Management

From Jan. 11 to Sept. 26, 2024, Blackrock, the world’s largest asset manager, collected an astonishing 363,626.36 bitcoin, valued at just over $24 billion as of Sept. 27. This accumulation puts Blackrock’s exchange-traded fund (ETF), IBIT, on the cusp of controlling nearly 2% of bitcoin’s total supply. A Look at How Blackrock Quickly Accumulated Billions […]

Banking Giant Standard Chartered Secures Greenlight To Offer Crypto Custody Services in the European Union

BNY Mellon Engages With Banking Regulators to Offer Crypto Custody Services ‘at Scale’

September 26, 2024 Bitcoin.com

Balance Sheet

BNY Mellon, one of the world’s largest custodian banks, is seeking to offer custody services for bitcoin and ether to exchange-traded product (ETP) clients. The bank is also eyeing large-scale growth in the crypto space, with plans to seek more regulatory approvals to capitalize on the lucrative crypto custody market. BNY Mellon Pushes Forward With […]

Banking Giant Standard Chartered Secures Greenlight To Offer Crypto Custody Services in the European Union

Kamala Harris’s Blockchain Comment Sparks Mixed Reactions in Crypto Community

September 26, 2024 Bitcoin.com

Vice President Kamala Harris’s remarks on fostering technologies like artificial intelligence (AI) and blockchain have sparked plenty of chatter in the crypto community. While some see her words as encouraging and forward-thinking, others believe Harris is merely pandering and looking to gain political support. VP Harris Faces Skepticism Over Blockchain Statement Amid Ongoing Crypto Crackdown […]

Banking Giant Standard Chartered Secures Greenlight To Offer Crypto Custody Services in the European Union

Hong Kong CBDC Pilot Enters Phase 2 With New Firms to Advance Digital Currency Use Cases

September 26, 2024 Bitcoin.com

bitcoin.com

The Hong Kong Monetary Authority (HKMA) has moved into Phase 2 of its e-HKD pilot program, expanding its exploration into tokenized deposits and e-HKD. With 11 groups of firms selected, the initiative delves into practical applications such as offline payments and asset settlement. The creation of an industry forum aims to solve potential challenges while […]

Banking Giant Standard Chartered Secures Greenlight To Offer Crypto Custody Services in the European Union

Cryptocurrency and Stocks Show High Correlation Levels as Macroeconomics Start Driving Markets

September 26, 2024 Bitcoin.com

bitcoin.com

A Bloomberg analysis found that cryptocurrency and stock markets have shown a high correlation after the latest set of Federal Reserve interest rate cuts. According to analysts, this related movement would be the result of the macroeconomic variables taking control of the markets and should continue in the near term. Not Uncorrelated: Stocks and Cryptocurrency […]

Banking Giant Standard Chartered Secures Greenlight To Offer Crypto Custody Services in the European Union

AI-Focused Cryptos Outshine the Pack This Week, Bittensor Tops Gains

September 25, 2024 Bitcoin.com

AI coins

This past week, the digital asset market experienced a broad upward trend, with the artificial intelligence (AI) crypto sector standing out as the top performer over the last seven days. This week, the AI-driven crypto sector climbed 30.59% against the U.S. dollar, with bittensor (TAU) leading the charge. TAU Surges, AI Crypto Market Hits $23.49B […]

Digital Assets