Mr. Park Mo, the vice president of Vidente, the largest shareholder of South Korean Cryptocurrency exchange Bithumb,was reportedly found dead in front of his home at 4 am, on the morning of Dec. 30. Prior to his death, Mr. Mo had been named as a primary suspect in an investigation launched by South Korean prosecutors for his alleged involvement in the embezzling funds at Bithumb-related companies, as well as, manipulating stock prices. In October 2021, the Financial Investigation Division of the Seoul Southern District Prosecutor's Office launched an investigation into allegations made against Mr. Park Mo, which led to the …

The FTX-owned Japanese crypto exchange Liquid has announced plans to begin the process of returning customer assets in 2023. According to the Dec. 29 statement issued on its blog, the exchange is preparing to return assets entrusted by both customers from FTX Japan and Liquid Japan, and is working on a report for January 2023 that would further outline the details. A statement from the team read: “For the assets entrusted to us by our customers at FTX Japan and Liquid Japan, we are proceeding with system development so that withdrawals will be possible from the Liquid Japan web version.” …

Arguments surrounding whether gold or bitcoin is a better store of value continue to occur within the cryptocurrency space and traditional investment circles. On the latest episode of Bill Maher’s podcast “Club Random Podcast”, which aired on Dec. 26, the billionaire owner of the Dallas Mavericks, Mark Cuban advocated for Bitcoin being a better store of value than gold. In response to Bill Maher openly admitting that he is, “rooting against Bitcoin,” Cuban chimed in with a cheeky agreement saying, “I want Bitcoin to go down a lot further so that I can buy some more.” Cuban went on to …

More and more people are discovering Bitcoin (BTC) and other cryptocurrencies, which is good for the adoption of digital money on the blockchain. Interest in Bitcoin is also growing in Australia and companies are responding positively. For example, there are various ways to buy Bitcoin in Australia. Trading Bitcoin is more than just buying and selling. So, what is the best place to buy Bitcoin and what is the most secure way to store a Bitcoin investment? Discover in this article different ways to buy Bitcoin in Australia, how to trade Bitcoin and the ways to store cryptocurrencies. Various ways …

The word volatility is typically received as a negative by financial circles just the same way the name Lionel Messi is received in Brazilian favelas, yet volatility historically presents some of the greatest opportunities for gains, especially in the crypto markets. The crypto market experiences much greater price oscillations on average when compared to traditional markets, such as equities, bonds and Treasury bills. In 2021, the benefits of volatility were on full display: Market proxies like the S&P 500 exchange-traded fund trust (SPY) climbed 27%, while Bitcoin (BTC) rose a whopping 140%! Of course, the story is darker in 2022, …

Octopus Network, a decentralized app chain network natively built on NEAR Protocol, has announced that it will be “refactoring” to adapt to current market conditions. As part of its refactoring process, Octopus network will let go of roughly 40% of its team, which accounts for 12 out of 30 members. The remaining staff will also be subjected to a 20% salary cut, while its team token incentive will be suspended indefinitely. According to Louis Liu, the founder of the Octopus Network, although he has lived through previous crypto winters, “this winter is very different from the others.” Liu said he …

Bullish, a crypto firm that came to public attention in July 2021 for seemingly being unclear on what products or services it was offering, has announced the termination of a deal aimed at taking the company public. In a Dec. 22 announcement, Bullish said it had reached a mutual agreement with Far Peak Acquisition to no longer merge in a deal for a listing on the New York Stock Exchange. Bullish chair Brendan Blumer, also the CEO of Block.one, cited the United States Securities and Exchange Commission’s work to “lay new digital asset frameworks and clarify industry-specific disclosure and accounting …

The co-founder of Gemini, Cameron Winklevoss, shared in an update on Twitter that global investment bank Houlihan Lokey had devised a plan on behalf of the creditor committee to resolve the liquidity issues at Genesis and its parent company Digital Currency Group (DCG). According to Winklevoss, resolving the liquidity issues would provide a path for Gemini clients to recover assets owed to them by Genesis and DCG following the FTX collapse. Earn Update: Today, Houlihan Lokey presented a plan on behalf of the Creditor Committee to resolve the liquidity issues at Genesis and DCG and provide a path for the …

The transactions of “designated crypto assets” entered into from the tax year 2022 to 2023 onwards will be qualified for the Investment Manager Exemption in the United Kingdom. Certain legislation was announced by the U.K. government back in April and is now executed by the Commissioners for His Majesty’s Revenue and Customs (HMRC). On Dec. 20, the HMRC published its legislation to define ‘designated crypto assets' and include them in the list of investment transactions that qualify for the Investment Manager Exemption. The regulation, coming into effect on Jan. 1, 2023, doesn’t contain a positive definition of “designated crypto assets.” …

Cryptocurrency trading firm Auros Global, which reportedly suffered a $20 million dollar exposure in the FTX collapse, has released a statement saying it plans to resume regular operations after implementing a restructuring plan. Statement from Auros regarding recent references in the media – pic.twitter.com/9RFHhYjHqz — Auros (@Auros_global) December 20, 2022 Following the collapse of FTX, the cryptocurrency trading firm shared that it “found itself in a position where immediate liquidity was insufficient to satisfy recalls from lenders.” However, its top management remained confident that they would be able to weather the storm caused by the FTX contagion. In the issued …

It’s been a tough year for crypto, and venture capital activity confirms it. The collapse of FTX in November was the latest and most shocking in a series of closures of key market players this year — including Celsius, Voyager and BlockFi — that have shaken investor sentiment and wiped out $1.5 trillion in market capitalization from cryptocurrency space. Blockchain venture capital funding has been on a downward slope since May 2022, and November was no different, with inflows declining even further. However, the total capital inflows for 2022 have surpassed 2021 by almost $6 billion. According to Cointelegraph Research, …

Cointelegraph Markets Pro, a data platform designed to level the playing field for cryptocurrency market participants, has been available to the public for nearly two years now. The platform, which took a year to develop, is the result of an exhaustive analysis of crypto markets and the key drivers of asset price movements. It was developed jointly by Cointelegraph and The Tie, the most comprehensive and actionable digital asset information provider trusted by 100+ institutional clients. Testing the VORTECS™ Score At the heart of the platform is the VORTECS™ Score, which compares current market conditions for over 420 crypto assets …