Why Binance Opened 90% Of Accounts Closed For Investigation

Following the collapse of the crypto exchange FTX, most global regulators intensified their watch on crypto-related activities and platforms like Binance. As a result, some have opened investigations on most of the crypto industry’s prominent crypto exchanges and trading platforms.  Crypto exchange Bitzlato has been under investigation by the United States Department of Justice (DoJ).…
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UK regulator investigates charity linked to FTX

The commission in charge of regulating registered charities in England and Wales has announced it has begun investigating Effective Ventures Foundation, an organization tied to bankrupt crypto exchange FTX.In a Jan. 30 announcement, the Charity Commission said it had launched the inquiry due to FTX being a “significant funder” of Effective Ventures. According to the…
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Bitcoin value pares weekend positive aspects as one other CME ‘hole’ lurks beneath $20K

Bitcoin (BTC) struggled to maintain bullish momentum on Jan. 30 as the countdown to the monthly close kept the market nervous.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price sees flash dip below $23,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD coming off its latest highs at just below $24,000 on the day.These, while Bitcoin’s…
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Digital asset funding merchandise see highest inflows since July 2022: Report

On Jan. 30, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investments experienced a surge in inflows last week, reaching $117 million, the highest since July 2022. CoinShares reported that the sector’s total assets under management rose to $28 billion, a 43% increase from its November 2022…
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