Bitcoin News and Finance: What You Need to Know

Amidst the global wave of new retail investment, France’s Autorité des Marchés Financiers (AMF) has observed a significant uptick in the number of individuals holding crypto assets. A study conducted by the AMF, supported by the Technical Support Instrument of the EU, reveals that as of 2023, 9% of French adults own crypto assets. Young French Investors Favor Crypto Over Stock Market, AMF Study Shows The AMF survey , which included over a thousand new retail investors in France, shows that 24% of French adults have investments in various financial instruments. Among these, a notable proportion has invested in cryptocurrencies. While traditional investments continue to dominate portfolios, the inclination towards crypto assets, especially among the youth, highlights a generational shift in investment preferences and the progressive adoption of digital finance solutions in the country. The profile of these new investors is younger and more diverse than ever before, with an average a

Binance CEO Changpeng Zhao (CZ) has shared a story of how executives of a Binance client were abducted and forced to empty their crypto wallets. CZ detailed how the cryptocurrency exchange was able to track the transactions and freeze over 94% of the stolen funds. CZ Shares Story of How Binance Freezes Stolen Funds Binance CEO Changpeng Zhao (CZ) shared a story of how the crypto exchange froze stolen funds on social media platform X Friday. Noting that the event was real, he explained that executives of a client were abducted while on a business trip in Montenegro. Emphasizing that they were forced to empty their crypto wallets, CZ said the executives suffered a total loss of about $12.5 million. Zhao detailed that Binance investigated the on-chain activities of the crypto transactions and reached out to its partners to freeze the wallet with stolen funds. He revealed that all the funds were taken in tether ( USDT ) and transferred to a Tron wallet. According to CZ, Binance managed

Global investment bank JPMorgan has warned investors that U.S. crypto regulations are unlikely to ease, even though the Securities and Exchange Commission (SEC) has lost several recent court cases against crypto firms. “It is far from clear that the regulatory tightening of the crypto industry will lessen significantly going forward given how unregulated this industry is,” said JPMorgan’s analysts. JPMorgan Sees Continued Crypto Regulatory Tightening JPMorgan’s analysts explained in a note last week that cryptocurrency regulations in the U.S. are unlikely to ease even after the U.S. Securities and Exchange Commission (SEC) lost several legal battles against crypto firms. Citing optimism in the crypto space regarding the approval of spot bitcoin exchange-traded funds (ETFs) by the SEC, the JPMorgan analysts cautioned that a spot bitcoin ETF approval does not signal a complete regulatory shift toward the crypto industry. Citing two legal cases where the courts ruled against the secur

Local reports suggest that Bithumb, a prominent crypto exchange in South Korea, is contemplating a public listing in 2025. Insider information indicates that Bithumb is considering a debut on Kosdaq and might transition to the Korea Exchange (KOSPI) platform in the future. Bithumb Targets Kosdaq Listing; Chooses Samsung Securities as Its Fund Manager According to Edaily , a South Korean news outlet, Bithumb could pursue an initial public offering (IPO) by 2025. Yoo Kyung Lim, a journalist, noted that the exchange’s potential IPO strategy is seen as an ambitious effort to surpass Upbit’s market supremacy. Upbit currently holds an 85% share of South Korea’s cryptocurrency trading market. The briefing highlights Lee Jung-hoon’s comeback as the major stakeholder on Bithumb’s board, with a focus on fortifying the firm’s governance. Sources close to the situation reveal that Bithumb has appointed Samsung Securities as its fund manager, with IPO preparations already underway. The exchan