Ethereum News Daily Official TheBitTimes.com

A dual probe by US and UK investigators is investigating the movement of 20 billion Tether ( USDT ) through crypto exchange Garantex after both countries instituted sanctions against the exchange . According to Bloomberg sources, the transactions involved in the probe may constitute one of the biggest breaches of wartime sanctions since Russia began its invasion of Ukraine. The investigation into the possible violation of wartime sanctions doesn’t necessarily indicate wrongdoing by Tether Holdings or its affiliated companies. A Tether Holdings spokesperson reiterated that the firm remains committed to working with law enforcement to catch and prevent criminal misconduct. According to an Estonian newspaper, Garantex has ties to a convicted gang member, a violent debt collection agency, and a state-backed oil company in Russia. With support from the International Consortium of Investigative Journalists (ICIJ), that newspaper published details of the misbehavior of people c...

Binance, OKX apps removed from Google, Apple stores due to PMLA non-compliance. Indian traders flock to compliant platforms like WazirX, CoinSwitch Kuber, post-app removals. Pullix’s PLX presale gathers steam fueled by its innovative trade-to-earn model. In a significant turn of events, Google and Apple have removed major cryptocurrency exchanges from their app stores in India. This move follows heightened regulatory scrutiny by the Financial Intelligence Unit of India (FIU-Ind). Meanwhile, Pullix, an emerging trading exchange , is making waves with its ongoing PLX token presale, offering unique Features and a game-changing revenue-sharing mechanism. Pullix: hybrid crypto trading platform Pullix, an innovative hybrid trading exchange currently conducting the presale of its native token, PLX, is making waves in the cryptocurrency space as popular exchanges face the wrath of regulatory authorities. Ushering in a new era of trading experiences. The PLX...

FTX Exchange bankruptcy and customer claims turmoil. FTT’s price rollercoaster: bullish momentum, bearish setbacks, technical signals. Pullix emerges as a DeFi alternative: PLX token’s Trade-to-Earn model. A recent court filing has revealed that FTX is seeking approval to repay customer claims in US dollars, sparking debates among creditors. Meanwhile, FTT’s unpredictable journey adds intrigue to the bankrupt crypto exchange. Amid this chaos, a hybrid cryptocurrency exchange Pullix is attracting crypto enthusiasts with its ongoing PLX token presale. FTX Token’s rollercoaster ride The FTX Token (FTT) has embarked on a rollercoaster ride in recent months, characterized by volatility and uncertainty. After a brief consolidation phase, the token showcased resilience by breaking out of its range, resulting in a notable 60% surge. However, the bullish momentum faced a setback as the price encountered resistance at $6 and succumbed to a bea...

South Korea transforms transparency: 5,800 officials disclose assets, incl. crypto, via PETI. Pullix disrupts crypto exchange norms: PLX token presale, hybrid approach, and unique incentives. Governmental transparency and crypto innovation converge, shaping the future of finance. In a groundbreaking move, South Korea’s Ministry of Personnel Management announces plans to launch an integrated asset disclosure service for public officials, ensuring unprecedented transparency starting next year. Simultaneously, the crypto space witnesses Pullix’s assertive foray with an ongoing PLX token presale, challenging conventional trading norms. South Korea’s push for transparency South Korea is poised to revolutionize transparency in public service with an upcoming integrated asset disclosure service. In a press release, the Ministry of Personnel Management, under Director Kim Seung-ho, revealed that around 5,800 public officials will disclose details ...

Hong Kong -based crypto platform JPEX has reportedly suspended trading and seen one person connected to it arrested after an investigation determined that it has been operating in the country without a license, reports CoinDesk. The Hong Kong Securities and Futures Commission (SFC), which carried out the probe, also claimed that it has received numerous complaints about the exchange. As a result of the investigation and subsequent action, JPEX says it’s delisting all transactions on its Earn Trading interface and ensuring ongoing orders. It also says that it will “gradually adjust the withdrawal fees back to normal levels,” and is even considering restructuring as a Decentralized Autonomous Organization (DAO). In a blog post published Monday, the exchange said: “Recently, due to the unfair treatment by relevant institutions in Hong Kong towards JPEX , a crypto currency trading platform, and a series of negative news, our partnered third-party market makers have maliciously froz...

Coinbase has amended its tender offer for 3.625% senior notes due 2031, increasing the cap from $150 million to $180 million and extending the expiration date to Sept. 18, 2023. Coinbase Global, Inc., the world’s second-largest cryptocurrency exchange, announced updates to its Tender Offer for 3.625% Senior Notes due 2031. The company has increased the maximum aggregate purchase price of the notes from $150 million to $180 million and extended the expiration date from Sept. 1, 2023, to Sept. 18, 2023. Payments for accepted notes will be made on Sept. 6, 2023. In an attempt to garner more participation, Coinbase has also adjusted the tender offer’s terms. Holders who have validly tendered their notes after 5:00 p.m., New York City time, on Aug. 18, 2023, but before 11:59 p.m., New York City time, on Sept. 1, 2023, will be eligible for the total consideration which amounts to $675 per $1,000 principal amount of the notes. Accrued and unpaid interest will be paid until the ...

Spain has granted regulatory approval to Ripio, allowing the crypto exchange to provide its customers with a range of crypto currency products as the country establishes itself as a good hub for bitcoin and web3 companies. In another significant development for the cryptocurrency industry, Spain’s regulatory authorities have officially granted Ripio crypto exchange a Virtual Asset Service Provider (VASP) license.  The approval, announced by the company’s CEO, allows Ripio to offer its comprehensive range of cryptocurrency products and services to customers in Spain. This move follows the footsteps of leading exchanges like Bit2Me and Bitpanda, which have already obtained regulatory approval to establish their operations within the country.  Spain‘s commitment to creating a favorable environment for bitcoin (BTC)-linked businesses has gained momentum with the passing of the Markets in Crypto Assets (MiCA) bill in April. Based on the MiCA regulation, Spain ai...

The ETH balance decline began in September 2022, dropping significantly in November and December after the downfall of FTX. The balance of available Ether (ETH) across crypto exchange s dropped to a five -year low on May 26, bringing the total amount of Ether held on exchange s to 17.86 million. A drastic decline in the exchange supply of ETH like this has not been seen since April 2018. According to Glassnode data, only 14.85% of the total Ether supply is currently held on centralized exchanges, compared with the 25–26% of supply held during the 2021 bull run. The decline in Ether exchange balances. Source: Glassnode The drop in ETH supply began in September 2022, dropping significantly after the FTX crisis in November. Apart from a decline in the exchange balance, Ethereum wallet addresses holding more than 100 ETH have also declined to a six-month low. #Ethereum $ETH Number of Addresses Holding 100+ Coins just reached a 6-month low of 46,858 View metric:https://t.co/FbjiMG3uFX ...