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Over 70% of Crypto Communications Contain Potential Violations: FINRA
The Financial Industry Regulatory Authority (FINRA) reported this week that about 70% of crypto-related communications from a recent survey contained potentially false or misleading claims. In a report released on January 23, FINRA said it reviewed over 500 crypto asset-related retail communications starting in November 2022. The financial watchdog found that over 70% of the......
JPMorgan Downgrades Coinbase Stock to ‘Underweight’ Amidst Falling Crypto Prices
Major investment bank JPMorgan has downgraded cryptocurrency exchange Coinbase stock from a "neutral" to an "underweight" rating. The bank predicted poor performance amidst falling crypto prices and the lackluster adoption of new spot Bitcoin exchange-traded funds (ETFs). In a note to investors on January 22nd, JPMorgan analysts argued that the recent SEC approval and launch......
OKX to Compensate Users After Flash Crash in OKB Token
Cryptocurrency exchange OKX has announced that it will fully compensate users affected by a flash crash that occurred on January 23rd. The crash caused the price of its platform's native OKB token to rapidly plunge from $48 to $25 in minutes. The incident was outlined by OKX in an X thread, with the exchange stating......
Mt. Gox Inches Closer to Bitcoin Repayments: Report
The trustee overseeing defunct cryptocurrency exchange Mt. Gox is reportedly moving forward with repaying customers eight years after an infamous hack drained 850,000 Bitcoin from the exchange. Recent emails shared on the mtgoxinsolvency subreddit group to former Mt. Gox users request confirmation of identity, exchange account ownership, and other particulars essential to dispatching owed funds.......
🥛 Crypto is bleeding. Here’s why… 👀
Discover Dor Traffic Miner (DTM): an innovative thermal-sensing hardware device that turns doorways into data hubs and rewards you with crypto for every footstep tracked!Become a datapreneur today.GM. This is Milk Road, the newsletter that's like a USB flash drive of crypto knowledge – small, but mighty.Here’s what we got for you today:WTF happened yesterday??......
Bitcoin ETFs
What is a Bitcoin ETF? A Bitcoin ETF is a type of exchange-traded fund that allows investors to gain exposure to Bitcoin's price movements without owning the cryptocurrency directly. Instead, these ETFs invest in assets or companies that reflect Bitcoin's value and are traded on stock exchanges, enabling investors to access them through brokerage accounts.......
U.S., UK, and Australia Sanction Hamas Crypto Networks in Gaza
The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) levied a new round of sanctions against financial networks, including crypto firms in Gaza associated with the militant group Hamas. Among the targets are cryptocurrency exchanges and facilitators alleged to have transferred funds and resources to Hamas. Key sanctions details per Treasury release: Gaza exchanges......
🥛 Meet the token backed by “God’s word” 👀
Today’s edition is brought to you by PayPal - who is charting a new course in the digital landscape with the launch of PYUSD, a stablecoin designed for payments.Explore the new PayPal USD stablecoin!GM. This is Milk Road, the newsletter that's like a Nerf gun battle – fast, fun, and action-packed.Here’s what we got for......
Coinbase CLO Rips U.S. GAO Report on Crypto Sanctions Evasion
Coinbase chief legal officer, Paul Grewal, unleashed sharp criticism on X over a recent U.S. Government Accountability Office (GAO) report highlighting cryptocurrency usage in sanctions evasion. Grewal slammed the GAO analysis as "shoddy" and failed to properly contextualize the crypto industry's extensive compliance efforts. He also stated that the report performed zero comparative analysis. https://twitter.com/iampaulgrewal/status/1749290869293981800......
Global Crypto Ownership Grew to 580,000,000, Bitcoin and Ethereum Leads
A new report from cryptocurrency exchange Crypto.com finds global ownership of digital assets grew by 34% in 2023. The user base grew from 432 million in January to 580 million by year’s end, despite economic volatility. Bitcoin (BTC) and Ethereum (ETH) powered overall gains as the top cryptocurrencies by market capitalization. Key adoption metrics: Bitcoin......
