cryptocurrency industry

On March 9, following the announcement by Silvergate, a cryptofriendly bank, earlier today that it plans to end its banking business in an orderly manner and voluntarily carry out liquidation, the cryptocurrency trading platform Binance, Coinbase, OKX and the cryptoinfrastructure company Paxos issued relevant statements that are not affected by the liquidation of Silvergate: Interpretation of this information: The announcement made by Silvergate, a bank that is known for its pro-cryptocurrency stance, has caused some concern within the cryptocurrency community. On March 9, the bank announced that it plans to…

It is reported that while the cryptocurrency industry is waiting for the US government to make a decision on whether to issue the central bank’s digital currency, Daleep Singh, a senior economic adviser to President Biden, told the US Senate on Tuesday that the government is actively promoting the digital dollar as a means to squeeze the private cryptocurrency market. These cryptocurrencies will lead to the proliferation of extortion software and violations of sanctions. Interpretation of this information: The cryptocurrency industry is currently in a state of eager anticipation as…

On February 28, it was reported that the encryption custodian Finoa had obtained three license approvals from the German financial regulator BaFin, including the custody approval, the approval of the broker-dealer and the approval of the proprietary trading license, which allowed the company to trade with its own funds. Interpretation of this information: Finoa, an encryption custodian company, has made headlines recently after receiving three license approvals from the German financial regulator BaFin. The licenses granted include a custody approval, a broker-dealer approval, and a proprietary trading approval. The custody…

It is reported that, according to the monitoring of Lookonchain, about 30 minutes ago, a wallet “dormant” for nearly two years transferred $326.4 million (worth about $28 million) to a new address. Interpretation of this information: The announcement made by Lookonchain is truly a surprise to everyone. According to their monitoring, the transfer occurred only 30 minutes ago, and the wallet involved has been dormant for nearly two years. This could be an event that will bring big changes to the cryptocurrency industry as it represents an enormous amount of…

On February 16, it was reported that Fluidpoints, a Nigerian cryptopayment start-up, had been 100% acquired by Blockfinex, the UAE cryptotrading platform, for an unknown amount. All entities under FuidCoins are included in this acquisition, including encrypted wallet Flip and encrypted online shopping mall Fluidshops. Interpretation of this information: The news of Blockfinex acquiring Fluidpoints, a Nigerian cryptopayment start-up, has created a buzz in the cryptocurrency market. The UAE-based Blockfinex has acquired Fluidpoints for an undisclosed amount, which means that all entities under the FluidCoins are now a part of…

On February 15, the encryption bank Silvergate Bank and its chief executive Alan Lane were charged with “aiding and abetting” in a new class action lawsuit “the multi-billion dollar fraud plan planned by Sam Bankman-Fried (SBF) and its two entities FTX and Alameda Research”. Interpretation of this information: On February 15th, a new class action lawsuit was filed against Silvergate Bank and its CEO Alan Lane, alleging that they were involved in an elaborate fraud plan orchestrated by Sam Bankman-Fried and his companies, FTX and Alameda Research. The lawsuit claims…

It is reported that the Indian Cricket Management Council (BCCI) sent a 68-page consultation report to the Women’s Super League team, detailing the activities that cannot be publicized. In this document, the content of the gambling and tobacco industry mentioned cryptocurrency: “No franchisee shall establish any partnership or form any association with any entity or related entity directly or indirectly participating in/operating the cryptocurrency industry in any way.” (Cointegraph) Interpretation of this information: The Indian Cricket Management Council (BCCI) has recently sent a 68-page consultation report to the Women’s Super…

It is reported that according to Paidun monitoring, Alex Mashinsky, the former CEO of the encryption and lending platform Celsius Network, has sold 90000 CELs with 480000 USDCs in the past four days and transferred them to Coinbase (about $474700). Interpretation of this information: The recent sale of 90,000 CELs with 480,000 USDCs by Alex Mashinky, the former CEO of Celsius Network, has sparked interest among cryptocurrency enthusiasts. Some believe that this is indicative of a larger trend of industry insiders selling their cryptocurrency holdings, while others argue that it…