Bitcoin News and Finance: What You Need to Know

The Nasdaq-listed crypto exchange Coinbase has obtained a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS), to provide services to both individuals and institutions. “We’ve identified Singapore as a vital market for Coinbase,” the crypto exchange emphasized. “The nation’s progressive economic strategies and approach to regulation sync well with our global mission and objectives.” Coinbase Expanding in Singapore Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Sunday that it has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), the Singaporean central bank and financial regulator. Coinbase emphasized: This development, coming after our initial In Principle Approval, amplifies our commitment to the Singapore market, enabling us to expand our provision of Digital Payment Token services to both individuals and institutions in Singapore. The Nasdaq-listed crypto exchange received In Principle A...

Bitcoin Policy UK has urged the British government to review Chase Bank’s policy to decline all crypto payments. “It is, of course, the stated policy of this Government that the U.K. become a crypto asset hub, but it is hard to square this policy aim with the actions of this U.K.-regulated bank,” the crypto advocacy group wrote. UK Government Urged to Review Chase Bank’s Anti-Crypto Policy Bitcoin Policy UK sent a letter to Economic Secretary to the Treasury Andrew Griffith MP, on Sept. 28, raising concerns about Chase Bank’s new policy to block all crypto payments. Chase is a registered trademark and trading name of J.P. Morgan Europe Ltd. The British bank informed its customers in the U.K. last week that it will decline all crypto-related payments beginning Oct. 16. “We write to express our deep concern regarding the recent decision by Chase Bank to decline customer payments relating to crypto assets,” the crypto advocacy group wrote, adding: It is, of course, the stated polic...

The U.S. Securities and Exchange Commission (SEC) and several other top financial regulators have issued several warnings regarding investing in crypto assets as part of this year’s World Investor Week. “The risk of loss for individual investors who participate in transactions involving crypto assets, including crypto asset securities, remains significant,” the regulators stressed. Crypto Warnings Highlighted in World Investor Week The SEC’s Office of Investor Education and Advocacy (OIEA) issued an Investor Bulletin on Sept. 29 as part of this year’s World Investor Week. This global campaign, promoted by the International Organization of Securities Commissions (IOSCO), aims to raise awareness about the importance of investor education and protection. The bulletin is a collaborative effort involving the SEC, the Financial Industry Regulatory Authority (FINRA), the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA), the Securities Investor Protection...

Following his conviction for unlicensed money transmission, money laundering, and tax evasion at the close of December 2022, Keene dweller, libertarian activist, and Free Talk Live co-anchor, Ian Freeman has been sentenced to eight years behind bars this Monday. His fellow Free Talk Live co-host, Mark Edge, explained that an appeal is poised to trail the verdict. Libertarian Broadcaster Handed 8-Year Sentence for Selling Bitcoin As the concluding defendant in the Crypto Six saga, Ian Freeman faced a federal judge’s verdict on Monday, following his conviction at December’s end. During the interlude before sentencing, Freeman remained unconfined, but post-sentencing, U.S. Marshals escorted him to incarceration. At 43, Freeman articulated to the court his belief of not having trespassed the law, stating his crypto sales venture aimed to propagate cryptocurrency adoption. Post-sentencing, Mark Edge, Free Talk Live’s co-host, penned : Ian Freeman received 8 years in federal prison ...

After the FTX hacker transferred 5,000 ethereum ( ETH ) valued at $8 million in purloined assets, the cybercriminal shifted an additional 25,000 ether, totaling $43.15 million. Yet, even after relocating tens of millions of dollars in ethereum, the FTX wallet drainer still holds a whopping 155,749 ETH , currently valued at slightly above $268 million. FTX Hacker Moves 30,000 Ether In the past three days, the individual responsible for the FTX theft has shifted a total of 30,000 ETH , worth approximately $51.15 million based on current ETH values. Following two initial transfers of 2,500 ETH each, subsequent movements were 1,250 ETH , 2,500 ETH , 1,500 ETH , 4,750 ETH and two separate transfers of 7,500 ETH each. The hacker’s holdings also include 155,749 ETH valued at $268 million, 3.97 million tether ( USDT ), 1.68 million DAI and 1.57 BTC , along with a variety of other crypto assets and ERC20 tokens. This news emerges as former FTX CEO Sam Bankman-Fried prepares for his O...

In the world of cryptocurrencies, the emergence of Shiba Budz (BUDZ) has sparked a notable revolution in the realm of decentralized gaming. This development is characterised by the innovative use of blockchain technology to enhance gaming processes and establish secure on-chain marketplaces, creating a foundation for transparent and secure transactions. The central goal of this revolution is to decentralize meme gaming, fostering cross-chain compatibility and encouraging various gaming communities to participate in the Shiba Budz (BUDZ) ecosystem. At the heart of Shiba Budz (BUDZ) revolution lies a commitment to sustainability, seamlessly integrating gaming culture with environmental consciousness. Users are provided with the unique opportunity to engage in virtual farming, staking, and earn BUDZ through gaming competitions and rewards. Each user can immerse themselves in the role of a virtual cannabis entrepreneur and participate in the trading of virtual items for BUDZ or other i...

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil launches a blockchain-based ID card, the Venezuelan cryptocurrency watchdog Sunacrip extends its restructuring period, and Buenos Aires launches a “self-sovereign” blockchain ID program. Brazil Launches Nationwide Blockchain-Based ID The government of Brazil announced the implementation of a nationwide blockchain-based ID card that will centralize the identity function of all states. Selected states, including Goias, Parana, and Rio de Janeiro, will begin issuing the National Identity Card immediately, with all states having to adopt it by November 6. The digital document will serve as a weapon to fight identity theft in Brazil, as the card includes a QR code that will be used to verify the authenticity of the ID and other documents linked with it. Alexandre Amorim, president of Serpro, the federal company that developed the ID system, comme...

In a letter to the judge published Saturday, prosecutors laid out plans to call customers, investors, and co-conspirators to testify in next week’s trial of Sam Bankman-Fried. The former CEO of cryptocurrency exchange FTX faces charges of fraud and conspiracy for allegedly misusing customer funds. Investors and Customers to Testify in Fraud Trial of Crypto Magnate Sam Bankman-Fried Sam Bankman-Fried’s trial , slated to begin next week, will feature investors and customers, according to a letter penned by Damian Williams, the U.S. attorney for the Southern District of New York. Additionally, there will be co-conspirator testimonies from FTX senior personnel such as Zixiao (Gary) Wang, Caroline Ellison , Nishad Singh and Ryan Salame. Prosecutors say customer testimony will show that users deposited funds on FTX expecting the company would keep the assets safe and separate from its own funds. This relates to charges that Bankman-Fried violated customers’ trust, the letter discloses. ...