Cryptocurrency News Today TheBitTimes.com

A lawsuit brought against former Binance CEO, Changpeng Zhao by three crypto investors who accuse the exchange of losing their funds through lax money laundering regulations, may put the “efficacy of blockchain analytics itself,” on trial. This is according to Bill Hughes, Senior Counsel and Director of Global Regulatory Matters at Consensys, who also branded the suit’s key allegations as “dubious.” @binance and @cz_binance were sued last Friday by class plaintiffs in Seattle federal court. An interesting class action brought by top class action lawyers alleging consumer harm as a result of Binance's money laundering. And the natural, predictable follow-on civil… pic.twitter.com/vMlFuUnzEr — Bill Hughes : wchughes.eth (@BillHughesDC) August 20, 2024 Read more: Has CZ followed a Solana news account while in prison? The lawsuit, which was filed on August 16 in the Western District Court Of Washington, accuses Binance and Zhao of “offering bad actors a ...

1. South Korea’s National Pension Service Acquires 245,000 Shares of MicroStrategy in Q2 link The South Korean National Pension Service (NPS) disclosed in a 13F filing to the U.S. Securities and Exchange Commission (SEC) that it purchased 245,000 shares of MicroStrategy during the second quarter of this year, valued at approximately $33.75 million. Previously, in the third quarter of last year, the NPS acquired 282,700 shares of Coinbase, marking its initial indirect investment in Bitcoin. As of July 31, MicroStrategy holds a total of 226,500 Bitcoins, making it the largest corporate holder of Bitcoin outside of Bitcoin spot ETF issuers. 2. HongKong’s Crypto News This Week 2.1 HashKey: Hong Kong’s ETH ETF Likely to Introduce Staking Functionality This Year link HashKey Group COO Livio Weng stated that the company is actively working on implementing staking functionality for Ethereum ETFs, anticipating that it could be launched within this year to meet the needs of clients moving away f...

The Securities and Futures Commission (SFC) has introduced an updated anti-money laundering and counter-financing of terrorism self-assessment checklist, aimed at enhancing compliance in the evolving virtual asset sector. The Securities and Futures Commission (SFC) has recently updated its anti-money laundering and counter-financing of terrorism self-assessment checklist self-assessment checklist. This is an important step for those involved in the world of virtual asset s and financial service s. The update d checklist is in line with the latest guidelines and is available on the SFC website, making it available for access. The purpose of this checklist is to help licensed corporations and virtual asset service providers review rules for preventing money laundering and terrorism financing. This is crucial as the finance world gets more complex with the addition of virtual assets. The SFC’s update is not just about following rules on paper. It puts a lot of responsibility ...