Quick Take As of November’s end, the number of Bitcoins that have remained inactive for a decade or more has exceeded the 3 million mark. To put this into perspective, given that the circulating supply totals 19.5 million coins, this long-term holding represents about 15% of that supply. This suggests…

Sofia City Prosecutor’s Office has concluded a high-profile investigation into the activities of four individuals linked to the Nexo online platform. The investigation, initiated on September 29, 2022, focused on allegations of participation in an organized criminal group and unauthorized banking activities through Nexo. Four individuals were accused of operating…

Stablecoin issuer Circle announced on Dec. 21 that it had received conditional registration under France’s cryptocurrency laws. Dante Disparte, Circle’s Chief Strategy Officer and Head of Global Policy, said: “The selection of France as our European regulatory base builds on the country’s clear rules for responsible innovation in fintech and…

Elon Musk provided a new estimate concerning the launch of payment features on X (formerly Twitter), as reported by Fortune on Dec. 22. Musk said that X will likely introduce payment features in mid-2024. Musk appeared to emphasize a focus on traditional currency: he argued that money acts as a…

Analyzing the performance of Bitcoin against various fiat currencies on the Binance platform offers pivotal insights into the interplay between digital assets and traditional financial systems. CryptoSlate examined the performance data of Bitcoin trading pairs with several key fiat currencies over varying periods – 6 months, 3 months, 1 month,…

On Dec. 22, the U.S. Securities and Exchange Commission (SEC) admitted to making inaccurate statements in an ongoing case against Debt BOX, a cryptocurrency firm accused of significant fraud. The SEC alleges that Debt BOX defrauded investors of almost $50 million. Though its core claims remain, the SEC admitted today…

Chinese authorities have proposed a ban on converting virtual gaming tokens to fiat currency in a preemptive move to regulate the burgeoning Web3 gaming sector. The proposed rules were introduced as part of a larger draft of new regulations for the gaming industry. They aim to exert tighter control over…

Paxos, a major player in the stablecoin market, has secured regulatory approval from the New York Department of Financial Services (DFS) to expand its stablecoin offerings to the Solana blockchain, according to a Dec. 22 Fortune report. This marks a significant development, as Paxos was previously limited to issuing its…

BarnBridge DAO, a decentralized finance (DeFi) platform and its founders have agreed to a $1.7 million settlement with the Securities and Exchange Commission (SEC) for the unregistered offer and sale of their structured crypto asset securities, known as SMART Yield bonds. The SEC announced the settlement, which includes a cease…

2023 saw an unprecedented wave of regulatory actions around cryptocurrencies around the world, but nowhere was the change more noticeable than in the United States. Preceded by an opening salvo in August 2022, when the Treasury Department applied sanctions to the Ethereum coin mixer Tornado Cash, 2023 saw clampdown after…