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Published: August 20, 2024   |   Last Updated: August 20, 2024
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December 28, 2023

India To Block Binance and 8 Exchange Websites; Intensifies Crypto Crackdown

The Financial Intelligence Unit (FIU) of India has cracked down on major global crypto exchanges operating in the country under its anti-money laundering laws. On Thursday, the agency under the Ministry of Finance announced it had issued compliance show cause notices to nine offshore crypto trading platforms. Key Takeaways Notices were sent to Binance, KuCoin,......

December 28, 2023

China Explains How It Convicted Crypto ‘OTC King’ Zhao Dong

China revealed details behind the conviction of influential crypto over-the-counter (OTC) trader Zhao Dong, known as the “OTC King.” The OTC King, who is the founder of crypto trading desk RenrenBit, received a 7-year prison sentence for illegal foreign exchange and crypto business operations. The case underscores China’s ongoing crackdown on cryptocurrency trading, even when......

December 28, 2023

🥛 4 lessons from trading a memecoin…🧐

Today’s edition is brought to you by Uniswap — the largest onchain marketplace for digital assets — and now Android and iOS users have the power of Uniswap in their pocket.Download the Uniswap mobile app today!GM, this is Milk Road, the friend who makes sure you never skip a beat in crypto.Ok. I have a......

December 28, 2023

Bitcoin ETF Approval: Report Shows Risks of a ‘Sell-the-News’ Scenario

Bitcoin prices could face downside pressure if the U.S. Securities Exchange Commission (SEC) approves a spot Bitcoin exchange-traded fund (ETF), according to a new report by on-chain data firm CryptoQuant. In the report, CryptoQuant analysts warned that the long-awaited spot bitcoin ETF approval could end up becoming a “sell the news” event, with Bitcoin prices......

December 27, 2023

Worldcoin Expands To Singapore Following Halt In India

Sam Altman's Worldcoin continues to expand access to its iris-based identification system, "World ID." According to the details from a recent announcement, the team launched biometric verification services this month in Singapore while adding locations across Asia, Europe, and South America. World ID biometric signups launch in Singapore. New Orb locations are spread across Germany......

December 27, 2023

🥛 A peek at crypto’s trending tokens 🔥

Today’s edition is brought to you by Bakkt® Custody - an institutional-grade solution to custody your digital assets, backed by multi-layered security.Compromise nothing with Bakkt!GM. This is Milk Road, the newsletter that’s like a surprise party for your brain - every day.Here’s what we got for you today:Crypto’s trending tokens 🤑Graph of the Day: Ethereum......

December 27, 2023

MicroStrategy Buys 14,620 Bitcoin (BTC) For $615,700,000

Business intelligence firm MicroStrategy announced the purchase of over 14,620 Bitcoin on December 26th, worth $615.7 million. As revealed by the company's former CEO and Bitcoin evangelist Michael Saylor via X on Wednesday, MicroStrategy paid an average of $42,110 for its latest crypto haul accumulated. MicroStrategy buys 14,620 more bitcoins for $615.7 million. Adds to......

December 27, 2023

Cathie Wood Bullish on Bitcoin ETF Approval, Says BTC Will Replace Gold

Ark Invest CEO Cathie Wood expressed confidence that U.S. regulators will finally approve a spot Bitcoin exchange-traded fund (ETF) in the coming weeks. The move would enable Wall Street to tap into crypto exposure like never before. It could also help drive prices substantially higher, according to the star stockpicker. Wood is "very encouraged" by......

December 27, 2023

Thunder Terminal States No Wallets Were Compromised After 86.5 ETH Hack; Hacker Claims ‘All Lies’

On-chain trading platform Thunder Terminal suffered an exploit resulting in at least $100,000 worth of stolen Ethereum and Solana. The breach enabled bad actors to hijack user session tokens and initiate unauthorized withdrawals. Hackers access Thunder MongoDB and steal session tokens. Fake ETH and SOL withdrawals initiated; $100K+ lost. Promises refunds, 2FA, and legal action......