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Crypto Exchange KuCoin Hit With Record Anti-Money Laundering Penalty in Canada

KuCoin has been faced with a significant anti-money laundering penalty of $14 million (over $19.5 million CAD) from Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC). The regulator's announcement came after the exchange failed to comply with Canadian anti-money laundering regulations. Specific violations included not registering

Bitcoin Drops To 3-Week Low, Will $22B Options Expiry Help?

Bitcoin has fallen to a three-week low below $109,000, inciting concerns among traders ahead of a $22 billion monthly options expiry on Friday. In the lead-up to the expiry, market sentiment appears mixed as traders have reduced bullish positions, triggering $275 million in liquidations for leveraged bets. Amidst this

Did Michael Saylor Rebut a Controversial Bitcoin Proposal? It’s Complicated

Michael Saylor, co-founder of Strategy, stirred debate in the Bitcoin community with his recent social media repost regarding a controversial change in Bitcoin's codebase. This change involves increasing the data storage capacity of the OP_RETURN opcode, as outlined in the upcoming Bitcoin Core v30 release. While proponents

Another Sports Betting Powerhouse Is Getting Into Prediction Markets

PrizePicks has received a Futures Commission Merchant (FCM) license from the National Futures Association (NFA), making it the first sports entertainment operator to do so. This license permits the company to offer prediction markets alongside its existing fantasy sports betting services. PrizePicks' entry into this growing sector comes shortly

Bitcoin Price (BTC) Tumbles Below $109K

Bitcoin has fallen below $109,000, reaching its lowest price in nearly a month. Ether also faced significant declines, dropping 8% to nearly $3,800. The market selloff triggered approximately $1.1 billion in liquidations across leveraged trading positions, particularly affecting ETH long positions, which amounted to over $400 million.

Myriad Moves: Ethereum and Solana Sentiment Flips Bearish as Prices Tumble

The volatile crypto market has led to significant shifts in prediction markets for Ethereum and Solana on Myriad, as sentiment turns bearish amid falling prices. Ethereum, which was nearly at $5,000 in August, has dropped below $4,000, with predictors now believing it is more likely to fall to

Crypto Market Wipes Out September Gains as Bitcoin Barely Hangs On

The crypto market has entered negative territory for September, erasing nearly 5% of its total value in a single day. Despite Bitcoin managing a slim gain of 1% for the month, the broader market capitalization has suffered, shedding $162 billion due to sell-offs and profit-taking. Bitcoin's price, currently