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US Govt and Mt. Gox Shift Millions in Hidden Crypto Transfers
Yahoo Finance· 2025-11-18 17:44
Mt Gox Bitcoin. Photo by BeInCrypto Blockchain tool Arkham detected small but impactful moves that could have lasting effects for months. The US government and Mt. Gox, the defunct Japanese exchange, made significant transfers that have traders watching closely. US Government Moves Seized Crypto Blockchain intelligence firm Arkham revealed that the US government recently moved $23,000 worth of WIN tokens on Tron. These assets were seized from Alameda Research nearly two years ago. While small in dollar ...
Mt. Gox Moves Nearly $1 Billion in Bitcoin—Are More Repayments Imminent?
Yahoo Finance· 2025-11-18 16:59
Almost $1 billion worth of Bitcoin in wallets belonging to defunct crypto exchange Mt. Gox was moved early Tuesday morning, according to on-chain data tracked by blockchain analytics firm Arkham Intelligence. A Bitcoin address labeled by Arkham as “Mt. Gox Cold Wallet” transferred 10,608 Bitcoin, or around $988 million worth, to two separate addresses—185 BTC to a hot wallet it controls, and the remaining 10,423 BTC to a fresh Bitcoin address. The 185 BTC, or $17 million worth, was later sent to an addres ...
X @aixbt
aixbt· 2025-11-17 12:36
sbi holdings and monex group own japan's largest crypto exchanges. japan cuts crypto tax from 55% to 20% in 2026. $14 trillion in japanese household wealth gets unlocked. the exchanges collect fees on every trade. buy the equity not the tokens. tokyo stock exchange lists both. ...
Africa Crypto News Week in Review: Discovery Partners with Luno, Obiex Profits in Nigeria, GFX and Libeara To Power Bond Tokenization in Ghana
Yahoo Finance· 2025-11-16 10:00
Group 1: South Africa Crypto News - Discovery Bank partners with Luno, becoming the first major lender in South Africa to allow users to trade cryptocurrency directly from its banking app starting in December [2][3] - Discovery CEO Hylton Kallner emphasizes the evolution of the financial world and the maturation of crypto assets, noting that 1 in 10 South Africans hold crypto assets [3] Group 2: Nigeria Crypto News - Obiex, a crypto exchange in Nigeria, has achieved profitability after bootstrapping and restructuring to focus on high-volume retail customers [4] - The exchange reports that swap volumes have exceeded $800 million in 2025, with total processed transaction volumes in the billions [4] Group 3: Ghana Crypto News - GFX, a brokerage firm in Ghana, is collaborating with Libeara, a tokenization platform, to enable the tokenization of government-issued financial instruments and investments [6]
Analysts Liken Stress Levels to FTX Era as Crypto Liquidations Exceed $1.1 Billion
Yahoo Finance· 2025-11-14 09:24
Core Insights - The cryptocurrency market experienced $1.1 billion in liquidations within 24 hours on November 14, 2025, predominantly from long positions totaling $968 million [1][2] - Over 246,000 traders were liquidated, drawing parallels to the FTX collapse in 2022 [1][4] - The largest single liquidation was a $44.29 million BTC-USDT position on HTX, with significant liquidations also occurring on Hyperliquid and Bybit [2] Market Sentiment - Current market sentiment has dropped to levels reminiscent of the aftermath of the FTX collapse, indicating severe market stress [4][5] - Bitcoin's Relative Strength Index (RSI) is in oversold territory, a condition not observed since 2022, suggesting a potential shift in market dynamics [5] - The market is debating whether the current situation indicates the onset of a new bear market or merely a sharp correction [4] Historical Context - The recent liquidation event, while significant, does not rank among the largest recorded, with the highest being $19.16 billion in October 2025 due to a US-China tariff announcement [4] - The FTX collapse in November 2022 was a pivotal moment for the crypto industry, leading to a substantial loss in market value and a drastic decline in Bitcoin's price [6]
Is this the secretive team behind $40bn Solana ‘dark’ exchange HumidiFi?
Yahoo Finance· 2025-11-13 16:46
Core Insights - Temporal, a crypto research and development firm, is identified as the creator of HumidiFi, a significant dark exchange on the Solana blockchain that has recently dominated trading activity [1][2] Group 1: HumidiFi and Trading Activity - HumidiFi is one of several dark exchanges on Solana, handling nearly $40 billion in trades over the past month, accounting for approximately one-third of all trading on the Solana blockchain [2] - The revenue generated by HumidiFi is not publicly disclosed, but its trading volume indicates a substantial impact on the market [2] Group 2: Temporal's Role and Future Plans - The connection between Temporal and HumidiFi was confirmed by sources within the Solana developer community, although Temporal's founder, Ben Coverston, neither confirmed nor denied the association [3][4] - Temporal plans to launch a token called WET later this month, which will be offered to investors through the Decentralised Token Formation platform developed by Jupiter, a Solana exchange aggregator [5] Group 3: Temporal's Position in the Ecosystem - Temporal is a key player in the Solana developer ecosystem, having developed Nozomi, an execution layer that processes millions of transactions daily, and recently launching Harmonic, an open block-building infrastructure for Solana [7] - The firm has investments across the Solana ecosystem, including projects like DoubleZero, Backpack, and Sanctum, and has a history with MarginFi, a Solana lending protocol [8]
Why Phemex’s Sixth-Anniversary Rebrand Reflects the Future of Exchanges
Yahoo Finance· 2025-11-13 14:00
Phemex Rebrand. Photo by BeInCrypto Crypto exchanges have always evolved to mirror the market’s shifting priorities. From the speculative frenzy of the early years to today’s demand for transparency, reliability, and user empowerment, each cycle has reshaped what traders expect from a platform. As one of the industry players that has been in the scene since 2019, Phemex is embracing this shift with a comprehensive rebrand under the tagline “For You. For Tomorrow.” This transformation reflects a renewed p ...
SOFI Offers Crypto Trading: "Who is This For?"
Youtube· 2025-11-12 23:00
Core Insights - SoFi has become the first nationally chartered bank in the US to offer a retail crypto trading platform, aiming to attract a traditional finance audience to cryptocurrency [1][2] - The move raises questions about its target audience, as SoFi's user base primarily consists of millennials who already have access to established platforms like Robinhood and Coinbase [3][4] Industry Implications - The introduction of crypto trading by SoFi may be seen as an attempt to capitalize on the growing trend of cryptocurrency, but it is unclear how much impact it will have on user adoption [4][6] - There is a concern about "crypto washing," where companies may superficially adopt crypto features without substantial user engagement or innovation [6][7] Competitive Landscape - SoFi faces challenges in attracting talent compared to native crypto platforms like Coinbase, which may hinder its ability to innovate in the crypto space [7][8] - The competitive advantage of traditional banks offering crypto trading may be limited, as users can find similar or better services on existing crypto platforms [9][10] User Experience and Offerings - SoFi's pitch includes the ability to earn yield on deposits while trading cryptocurrencies, but the yields offered are not competitive compared to those available on platforms like Coinbase [11][12] - Concerns exist regarding the execution prices for trades on SoFi compared to direct trading on platforms like Coinbase or Robinhood, which may not provide the best rates for users [14][15] Future Developments - SoFi has hinted at potential future offerings such as a stablecoin or crypto-backed lending, but the feasibility of these initiatives is questioned due to market fragmentation and existing competition [16][17][19] - The dominance of established stablecoins like Tether and Circle poses a significant barrier for SoFi to gain market share in this area [19][20]
Coinbase to Leave Delaware for Bitcoin-Friendly Texas
Yahoo Finance· 2025-11-12 16:53
Coinbase, America's biggest crypto exchange by trading volume, is leaving Delaware to reincorporate in Texas, citing a crypto-friendly environment and "strong culture of celebrating builders" for the decision. The publicly traded company, which has a remote-first policy with its employees, had been legally based in Delaware but said Wednesday in a regulatory filing with the SEC that Texas was a better fit for the firm. In an op-ed in The Wall Street Journal, Coinbase Chief Legal Officer Paul Grewal wrote ...
Coinbase Just Got Hit With A $25M Fine Over Transactions Tied to Dark Web Crime—Here's What The Irish Regulator Found
Yahoo Finance· 2025-11-11 14:42
Core Insights - Ireland's financial watchdog has imposed a €21.5 million ($25 million) fine on Coinbase Global's Irish subsidiary due to significant failures in transaction monitoring systems, which left over 30 million transactions worth more than €176 billion unmonitored for a year [2][3][4] Group 1: Regulatory Actions - The fine is a result of breaches in anti-money laundering and counter-terrorist financing obligations, which allowed potential criminal activities to go undetected [3][4] - The Central Bank of Ireland identified three coding errors in Coinbase Europe's transaction monitoring system that caused five out of 21 red-flag scenarios to fail during 2021 and 2022 [4][5] Group 2: Impact on Operations - Coinbase took nearly three years to complete the monitoring of the affected transactions, leading to the reporting of 2,708 suspicious transactions to authorities for further investigation [5][6] - The monitoring failures have implications beyond Europe, as Coinbase Europe provides services globally, potentially affecting transactions worldwide [6]