Crypto exchanges, including KuCoin, Coinbase and Binance, are facing a new wave of regulatory hurdles worldwide.
This week’s Crypto Biz explores crypto exchanges renewed challenges, BlackRock’s Bitcoin ETF inflows, Goldman Sachs’ clients returning to crypto, and Mastercad’s forecasts for remittances in Latin America.The charges coincide with a civil enforcement case by the U.S. Commodity Futures Trading Commission , alleging multiple violations by the exchange. The DOJ claims KuCoin handled over $5 billion in suspicious and criminal funds.from the U.S.
in about three weeks, given the current rate of inflows and outflows. As of March 22, BlackRock’s iShares Bitcoin Trust ETF held 238,500 Bitcoin on its books, worth nearly $15.5 billion at current prices, with daily inflows averaging 4,120 BTC. In contrast, Grayscale’s Bitcoin Trust has 350,252 BTC worth $23 billion but is experiencing average daily outflows of $277 million or 4,140 BTC.
Crypto Biz is your weekly pulse on the business behind blockchain and crypto, delivered directly to your inbox every Thursday.Sam Bankman-Fried gets 25 years — What happens now?
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