Altcoin News by Thebittimes.Com

​​Investors stormed the office of Russian crypto exchange Beribit last weekend demanding the return of over $4 million in frozen funds.  Beribit staff reportedly fled the Moscow Federation Tower office as it was occupied by around 50 people demanding the return of over 400 million rubles ($4.2 million) from the exchange. According to the Russia n news outlet Gazeta, employees tried to escape through the back exit but were chased by the occupiers. Beribit staff reportedly tried to placate the intruders by handing out chocolate and promising 50% of their frozen Crypto would be returned.  In Moscow, depositors of the crypto exchange Beribit were given chocolates instead of money Approximately $4.3 million of investors' funds are frozen in the accounts of the crypto exchange. Customers have been storming the office for the second day, demanding their money back.… pic.twitter.com/udvlommsOI — NEXTA (@nexta_tv) April 27, 2024 Nexta shared footage of the chocolate being offe...

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has implemented a fifth set of sanctions on Hamas since the October 7 terrorist attack on Israel. In a press release on Jan. 22, the U.S. Treasury Department said it imposed additional sanctions on Hamas in response to the terrorist attack on Israel that occurred in October 2023. The latest sanctions target networks of Hamas-affiliated exchange s in Gaza, their owners, associates, and financial facilitators involved in funds transfers, including crypto transfers, from the Islamic Revolutionary Guard Corps-Qods Force to Hamas and Palestinian Islamic Jihad in Gaza. According to the Treasury, Hamas utilized various methods, including crypto, to transfer funds from Gaza to the West Bank. Herzallah Exchange and General Trading Company LLC (known as Herzallah Exchange), owned by Muhammad Fallah Kamil Hirzallah, Na’im Kamil Raghib Hirzallah, and Salah Kamil Raghib Hirzallah, have been identified as facilitati...

Huobi, backed by Tron founder Justin Sun, plans to convert its native token to the HTX token. According to an official announcement, HTX stated that conversion from HT to HTX will commence on Jan. 22, 2024, while deposits for the new token are available from Jan. 20. Also, peer-to-peer (P2P) trading services for HTX will launch on Feb. 2, 2024, at 5:00 (UTC), while the token will be listed for spot trading on the same date and time, with withdrawals commencing the next day, Feb. 3, 2024. You might also like: Justin Sun backed crypto exchange unveils new DAO with HTX token used for governing The crypto exchange further announced that HTX users will enjoy a 5% discount and a 25% reduction on futures and spot trading fees respectively. This incentive could serve as a way to attract more holders and boost trading volume for the platform. Other benefits associated with the current HT token are expected to move to HTX.  Meanwhile, users have until Jan. 20, 2025 to co...

Thailand's second-largest lender by assets, Kasikornbank, is moving into crypto by acquiring a majority stake in the local crypto business Satang. Thailand’s Kasikornbank, one of the largest banks in the country, is moving into the crypto currency industry by acquiring a majority stake in the local crypto business Satang. Kasikornbank, also known as KBank, acquired 97% of shares in the operator of Thailand’s Satang crypto exchange, according to an announcement published on Oct. 30 on the website of the Stock Exchange of Thailand (SET). According to Kasikornbank, the acquisition is valued at 3.7 billion Thai baht, or around $103 million. The transaction is being made through K-Bank's new subsidiary called Unita Capital, which is focused on investment in the digital asset industry, the statement notes. Following the acquisition, Satang Corporation is set to change its name to Orbix Trade Company Limited. Kasikornbank’s crypto business will have three divisions, including th...

Coinbase has retracted its earlier statement that the US SEC had requested it to suspend all trading except for Bitcoin. Coinbase’s CEO Brian Armstrong previously said that the U.S. Securities and Exchange Commission had requested it to suspend all trading activities except for Bitcoin (BTC) in an interview with the Financial Times. The CEO’s announcement generated widespread discourse across various platforms, triggering crucial conversations about crypto regulation and its impacts on market dynamics. Armstrong expressed his concerns about the SEC’s actions, suggesting that it “could potentially stifle innovation and limit the freedom and growth of the burgeoning crypto industry.” You might also like: Court ruling fuels Coinbase’s regulatory quest against SEC Both the SEC and Coinbase went public later in the day to clarify previous statements. A Coinbase representative clarified to DL News that “prior to litigation, the SEC did not at any point r...

Binance has managed to expand its services throughout the past year by either acquiring an operating license or buying a stake in a regulated entity. Cryptocurrency exchange Binance plans to reenter the Japanese market after acquiring a 100% stake in a licensed crypto service provider in the country, Cointelegraph Japan reported. In an official public announcement on Nov. 30, Binance CEO Changpeng Zhao said the crypto exchange was committed to re-entering the Japanese market under regulatory compliance. The acquisition of Sakura Exchange BitCoin (SEBC), a Japan Financial Services Agency-licensed business, would mark the re-entry of global exchange in the Japanese market after four years. #Binance Acquires JFSA Registered Sakura Exchange BitCoin, Committed to Enter Japan Under Regulatory Compliancehttps://t.co/xfdnaY2hiO — CZ Binance (@cz_binance) November 30, 2022 Talking about the importance of the latest acquisition, a Binance spokesperson told Cointelegraph: “We can sa...

DAXA claimed that the circulating number of WEMIX exceeds what has been disclosed by Wemix, much to the chagrin of the issuers. South Korea’s largest crypto exchanges have announced they will delist WEMIX (WEMIX) — the native token of gaming company Wemade’s Blockchain platform Wemix — alleging the firm provided “false information” in response to an investment warning it was issued. Bithumb, Upbeat, Coinone, Korbit and Gopax — which are part of a collective called the Digital Asset eXchange Alliance (DAXA) — announced on Nov. 24 that they would terminate contract support for WEMIX (WEMIX), with trading set to end on Dec. 8. In the investment warning issued on Oct. 27, DAXA alleged that there was considerably more WEMIX in circulation than Wemix had disclosed, and Wemix had pledged to work with DAXA to alleviate these concerns. After news of the decision to delist broke, WEMIX Communication released a statement, claiming it had sincerely responded to requests and concerns raised by...