December 2023 - Page 2 of 2 - CryptoCurrencyWire

FridayDec 08, 2023 11:15 am

Spain Arrests Aristocrat Wanted by US Over Pyongyang Crypto Links

Last week, Spanish authorities apprehended an aristocrat closely linked to Pyongyang on charges from the United States, accusing him of advising North Korea on cryptocurrency technology. The individual in question, Alejandro Cao de Benos, is the founder of the Korea Friendship Association (KFA), a pro-North Korea sympathizer group. Cao de Benos stated, however, that the U.S. cannot compel his extradition, maintaining his innocence after being released a day later. Spain’s National Police announced the arrest of a fugitive wanted by the U.S. for fraud, based on information from Interpol, referring to Cao de Benos. The arrest took place in a…

WednesdayDec 06, 2023 12:00 pm

Crypto Stocks Fly High as December Gets Underway

Stocks of companies involved in cryptocurrency mining and those tracking Bitcoin's performance experienced an upswing on Dec. 1, 2023. The surge was driven by Bitcoin, the largest crypto in the world, reaching a nearly two-year high, fueled by growing confidence in the market’s risk appetite. The cryptocurrency, currently valued at $38,812 and experiencing a 1.6% uptrend, has been on an upward trajectory since October. This bullish trend is attributed to the anticipated spot ETF approval, which is expected to attract increased capital investments in the crypto-asset realm. Throughout the year, a confluence of factors has contributed to these favorable tailwinds.…

MondayDec 04, 2023 12:00 pm

Crypto Can Move on After Binance Settlement, Coinbase CEO Asserts

Brian Armstrong, the CEO of Coinbase Global Inc. (NASDAQ: COIN), says that now that Binance reached a settlement with the U.S. Department of Justice, the cryptocurrency industry can move on from a chapter in its history that has been characterized by a number of problems and scandals that nearly brought the industry to its knees. He was speaking on the sidelines of a Global Investment Summit in the United Kingdome. Armstrong pointed out that plenty of crypto companies were championing innovation and helping to shape the blockchain and crypto industries while transforming the financial system of the world. However, he…

FridayDec 01, 2023 10:30 am

NFT Buyers Sue Cristiano Ronaldo in the Wake of Binance Settlement with US Authorities

Football icon Cristiano Ronaldo is facing a class action lawsuit in the United States regarding his association with Binance. The plaintiffs contend that Ronaldo’s endorsement persuaded them to engage in investments that ultimately incurred losses, and they are seeking damages exceeding $1 billion. In November 2022, Binance launched its first “CR7” collection of NFTs, a partnership with Ronaldo aimed at rewarding fans for their longstanding support. NFTs, essentially digital assets devoid of tangible existence, are commonly employed to signify ownership of digital content such as videos and images. CR7 is emblematic of Ronaldo’s initials and jersey number, and it serves…