Category: transfer
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Mt. Gox Starts Repayments With Exchange Transfer
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According to data from Arkham Intel, Mt. Gox has begun the process of repaying creditors by transferring a token amount of bitcoin to a designated exchange. The development comes after months of speculation and planning about disbursing the roughly $8.2 billion in bitcoin owed to the collapsed exchange’s creditors. Have…
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Opposition fails to prevent transfer of NIS 874m to 2024 budget
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Today, the Knesset Finance Committee approved the transfer of a budget surplus of NIS 874 billion from 2023 to 2024. The discussions were marked by a bitter dispute between Knesset members from the coalition and the opposition, over the transfer of NIS 500 million of coalition funds in the midst…
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Here’s How Much Stablecoin Transfer Volume Has Increased Over the Past 4 Years
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According to Token Terminal data, monthly stablecoin transfer volume rose to over $1.68 trillion in April, representing a significant increase from the $100 billion recorded in October 2020. This 16-fold increase highlights the potential of stablecoins in enhancing financial operations and facilitating cross-border transfers. Record-breaking stablecoin volumes In a recent…
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Solana Whale Shakes Market With $372 Million Transfer, Where Are The Coins Headed?
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Solana whales (SOL). They are at it again, as they are seen to have moved a large amount of their possessions in Solana in the past 24 hours. This comes amid bearish sentiment in the cryptocurrency market, which has also caused… Solana price In decline. Solana whales move over $500…
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Monex USA Integrates with Payments Exchange from Fiserv for Wire Transfer
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Monex USA, which specializes in global payment services, corporate foreign exchange and currency risk hedging services, has announced plans to integrate with Payments Exchange from Fiserv, a global payments and fintech provider. Integration of bank transfers This collaboration will enable financial institutions using Payments Exchange to deal directly with Monex…
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Binance France 100% Ownership Transfer
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Binance France In a strategic step to align its operations with evolving regulatory frameworks, Binance France, the European arm of the global cryptocurrency exchange, has recently undergone a major ownership restructuring. This pivot is a direct response to AMF France’s warning about the legal challenges faced by Binance’s former CEO,…
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Families Rush to Transfer Property Amid Fears of Labour’s Inheritance Tax Crackdown
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Wealthy landowners are hastily transferring their estates to their children ahead of the general election, driven by fears that a Labor government may tighten inheritance tax breaks. Concerns about potential tax bills have prompted many to speed up property transfers, said Joseph Adonis, a partner at Moore Kingston Smith and…
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Sam Bankman-Fried Is Set for Prison Transfer amid Appeal Preparations
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Federal officials have begun the process of transferring Sam Bankman-Fried, founder of cryptocurrency exchange FTX, to a new prison despite his preference to remain in New York to help prepare his appeal. According to a report by the Wall Street Journal today (Wednesday), this decision was made to bypass Bankman…
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CBK approves LemFi, Flex Money Transfer partnership
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RightCard Payment Services Limited, operating under the name LemFi, is pleased to announce that it has received additional approval from the Central Bank of Kenya (“CBK”) to operate remittances to Kenya. This development also demonstrates RightCard’s commitment to providing safe and efficient services by partnering with trusted local partners while…
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Confidential UN Report Exposes Lazarus Group’s $147.5M Stolen Crypto Transfer to North Korea
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A confidential UN report obtained by Reuters reveals that North Korea’s notorious cybercrime group known as the Lazarus Group transferred millions of stolen cryptocurrencies to the Asian country last year. In March 2023, these North Korean hackers illegally seized $147.5 million worth of cryptocurrencies from HTX, a cryptocurrency exchange owned…
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Bitcoin wallets, dormant for 11 years, transfer $60 million
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Long-dormant Bitcoin wallets, inactive for nearly 11 years, suddenly moved 1,000 bitcoins (BTC) within a 20-minute window, on-chain analysts reported Sunday. Lookonchain, an analytical tool that provides insight into blockchain activity, noted that two wallets — “16vRqA” and “1DUJuH” — initially received 500 BTC each in September 2013. At the…
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Ethereum Foundation’s 1,000 ETH Transfer Raises Eyebrows
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Ethereum, the second largest digital asset by market capitalization, is in the spotlight again. Recent moves for ETH by the Ethereum Foundation have raised concerns among market watchers, igniting discussions about potential fluctuations in the price of Ethereum. Huge ETH transfers to the institution The series of transfers made by…
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Former FTX Exec Agrees to Transfer $5.9 Million Bahamas Property in Plea Deal
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Ryan Salama, former co-CEO of FTX Digital Markets, has agreed to transfer his multi-million-dollar holdings in the Bamas as part of a plea agreement in his case. The move comes after Salama pleaded guilty to criminal charges in September 2023, and the plea agreement required him to pay $5.6 million…