Coinroot

Bankruptcy claims began trading at 35% of account balance value when they were initially listed on claim trading marketplace Xclaim. Genesis will return 77% of customer assets, worth $3 billion, in a court-approved liquidation plan. Initially, bankruptcy claim trading platforms estimated that 35% of claims would be repaid following the announcement of the insolvency. Digital […]

BounceBit has revealed its plan to democratize high-yield Bitcoin investing opportunities by integrating centralized and decentralized finance. BounceBit, a new Bitcoin restaking startup supported by Binance, has outlined its 2024 roadmap, detailing key initiatives for this year. In a Medium blog post on May 20, BounceBit announced its goal to merge the structure and liquidity […]

Crypto assets backed by fiat currencies could be regulated by the Reserve Bank of India (RBI), according to separate documents. The Securities and Exchange Board of India (SEBI) has suggested that multiple regulators oversee cryptocurrency trading, showing openness to the use of private virtual assets. This stands in contrast to the Reserve Bank of India […]

Indian authorities are actively working to bring all cryptocurrency exchanges operating in India under stringent Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines to enhance compliance and oversight in the burgeoning digital asset market. The Indian government’s Financial Intelligence Unit (FIU) has recently granted Binance and KuCoin, two major offshore cryptocurrency exchanges, the […]

107339520-17011146692023-11-27t194324z_1703276355_rc2ul4a2uiip_rtrmadp_0_usa-biden.webp

President Joe Biden issued an order on Monday preventing a Chinese-backed cryptocurrency mining firm from owning land close to a Wyoming nuclear missile base, citing its location as a “national security risk.” WASHINGTON — On Monday, President Joe Biden ordered a Chinese-backed cryptocurrency mining firm to divest its land near a Wyoming nuclear missile base, […]

The decision aligns with Japan’s yen facing pressures due to the country’s fiscal challenges. Metaplanet integrates bitcoin into its reserve assets to mitigate risks associated with Japan’s increasing debt levels and yen instability. With Japan’s debt-to-GDP ratio surpassing 250%, it leads among developed nations in debt burden, according to IMF data. Tokyo-based investment firm Metaplanet […]

The plan administrator will persist in utilizing Coinbase for future distribution phases, potentially including funds recouped from FTX. The bankrupt cryptocurrency lender BlockFi is finalizing its operations shutdown, with plans to discontinue its web platform in May. BlockFi has formed a partnership with Coinbase to facilitate client fund access and withdrawals. In a recent blog […]

The latest offering from BitMEX was developed in partnership with PowerTrade, a platform focused on crypto options. This addition is designed to help traders capitalize on market volatility, hedge against risks, and facilitate price discovery through straightforward and standard options. In a separate move, BitMEX has increased the leverage for bitcoin perpetual swaps to 250x […]

DALL·E-2024-05-08-15.58.44-A-modern-dynamic-illustration-depicting-the-Australian-Tax-Office-ATO-collecting-data-from-over-a-million-cryptocurrency-users.-The-image-shows-a-l-1.webp

The Australian Tax Office (ATO) has reportedly requested cryptocurrency exchanges to provide personal and transactional details for around 1.2 million cryptocurrency users. While acknowledging that some users might not be aware of their tax responsibilities, the ATO emphasized that others might be deliberately avoiding their tax duties. ATO Focuses on Compliance from 1.2 Million Crypto […]

Retail brokerage receives ‘Wells notice’ after prolonged efforts to gain regulatory clarity Robinhood has indicated a potential legal challenge from the U.S. Securities and Exchange Commission concerning its cryptocurrency operations, highlighting the ongoing U.S. regulatory scrutiny on digital currencies. The company reported in a recent filing that over the last weekend, its crypto division received […]

Genesis Set to Return $3B Customer Assets in Finalized Bankruptcy Liquidation Plan

Binance-backed Bitcoin Restaking Startup BounceBit Unveils Roadmap

SEBI Open to Oversight of Crypto Trade, in Contrast to Reserve Bank of India

FIU Steps Up AML and CFT Compliance for Crypto Exchanges in India

Biden Blocks Chinese-Backed Crypto Mining Firm from Land Ownership Near Wyoming Missile Base

Metaplanet Chooses Bitcoin as a Reserve Asset Amid Japan’s Increasing Debt

BlockFi and Coinbase Collaborate on Fund Distribution, Web Platform to Shut Down

BitMEX Launches Options Trading, Aims to Rival Deribit’s Market Share

Australian Tax Office Requests Data on Over a Million Cryptocurrency Users

Robinhood Faces Potential SEC Lawsuit Over Cryptocurrency Practices

Russia Proposes 15% Tax on Crypto and Mining Restrictions

WazirX Plans to Launch New Decentralized Exchange

Binance, Indian Police Bust Energy Scam, Recover $100K USDT

Indian Govt. Officials Probe Crypto Exchange WazirX's $234M Hack

Dubai's VARA Updates Marketing Regulations and Guidelines for VASPs

Germany Shuts Down 47 Crypto Exchanges for Illegal Activities

𝗬𝗼𝘂𝗿 𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗡𝗲𝘄𝘀 𝗔𝗹𝗹𝘆

Coinroot is dedicated to delivering current, accurate, and comprehensive news in the dynamic world of cryptocurrency and global events. We aim to simplify complex crypto-economic concepts for our audience, providing a trusted source of information for crypto enthusiasts and the wider public alike.