Do Kwon has moved 5,292 BTC
Former Terraform Labs director Do Kwon likely moved 5,292 BTC from the Luna Foundation Guard wallet, Digital Asset analysts report. The transaction was the largest movement of Terraform assets since the company collapsed.
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Bitget adds cryptocurrency lending option
Cryptocurrency exchange Bitget has announced the launch of a new financial instrument on the platform - cryptocurrency loans. The company said it will meet the growing demand among investors for alternative sources of capital raising.
Hong Kong launches task force for blockchain development
The Hong Kong authorities have announced the creation of a Task Force to promote Web3 development. The goal of the project is to extract potential benefits for many industries through blockchain technology.
UK approves legislation to regulate cryptocurrencies and stabelcoins
Britain's King Charles has signed into law the Financial Services and Markets Act. The country will now classify digital assets and stablcoins as regulated financial activities.
Miners sent $1 billion worth of bitcoins to cryptocurrency exchanges
According to CryptoQuant analysts, miners have sent more than $1 billion worth of bitcoins to exchanges in 2 weeks. About 33,860 BTC were sent to derivatives exchanges. "Despite the high volume, these coins are not likely to enter spot exchanges. This means it will not put market pressure on
FTX begins talks to relaunch exchange
FTX is making efforts to relaunch the exchange and has begun talks to do so, WSJ writes. The company "has begun the process of engaging stakeholders to reboot FTX com," CEO John J. Ray III said.
Robinhood to lay off 7% of staff
Crypto-exchange Robinhood is reducing its staff by about 7%, according to an official press release. The reason for the layoffs is a reduction in workload and operational tasks.
Binance will not delist anonymous coins in Europe
Binance has cancelled the delisting of anonymous coins in Europe, following a review of local legislation. The list included DASH, XMR, DCR, ZEC, ZEN, PIVX, NAV, SCRT, XVG, FIRO, BEAM and MOB.
Belgian regulator orders Binance to stop providing crypto services in the country
Belgian regulator FSMA has ordered Binance to immediately stop providing any digital currency-related services in the country. In addition to the order, the regulator required the exchange to take steps to recover assets from the platform's local customers.
Valkyrie has applied for registration of a spot bitcoin ETF
Valkyrie Digital Assets has filed a re-application with the SEC to register a spot bitcoin ETF. The company plans to list the new ETF on Nasdaq under the ticker symbol BRRR.