CryptoNews

13 Crypto Exchanges Hold Over 14% of Industry's Wealth; Binance Dominates with 42% Share of $151B in Reserves – Exchanges Bitcoin News

September 29, 2023
On September 27, 2023, statistics indicate that 13 cryptocurrency exchanges possess assets under management (AUM) exceeding $1 billion, collectively constituting 14.39% of the crypto economy’s total value of $1.05 trillion. Among these 13 digital currency trading platforms, Binance stands out by maintaining a 42.81% share of the $151.08 billion in cryptocurrency reserves. A Handful of…
Read more
CryptoNews

US Crypto Exchange Kraken Wins ‘Milestone’ Regulatory Approvals in Europe – Exchanges Bitcoin News

September 28, 2023
Cryptocurrency exchange Kraken announced new achievements in implementing its strategy to pursue expansion on the European market. The U.S. trading platform for digital assets said it has received regulatory nods from the monetary authorities of Ireland and Spain, two of the EU nations with relatively clear rules for the industry. Another Major U.S. Crypto Exchange, Kraken, Strides On With…
Read more
CryptoNews

Treasury Sanctions Ethereum Wallet Used by Sinaloa Cartel to Launder Fentanyl Financing  – Bitcoin News

September 27, 2023
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned an Ethereum wallet used by the Sinaloa Cartel to launder money from fentanyl sales in the U.S. Mario Alberto Jimenez Castro, an accused money launderer for the cartel’s Los Chapitos faction, allegedly directed the use of cryptocurrency and wire transfers to pay cartel leaders in Mexico, according to OFAC. U.S.
Read more
CryptoNews

Hong Kong Securities Regulator Says It Now Publishes Names of Entities Seeking Crypto Trading Licences – Regulation Bitcoin News

September 27, 2023
The Hong Kong securities regulator has said it now publishes a list of firms seeking to operate crypto trading platforms in the region. Julia Leung Fung-yee, the CEO of the Securities and Futures Commission (SFC), said divulging the names of applicants is intended to help placate an investing public recently ruffled by the Jpex incident. Pacifying Hong Kong Crypto Users Hong Kong’s securities…
Read more