{"id":9576,"date":"2023-01-05T02:52:59","date_gmt":"2023-01-05T02:52:59","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=9576"},"modified":"2023-01-05T02:53:00","modified_gmt":"2023-01-05T02:53:00","slug":"coinbase-fined-100m-for-compliance-failures-logan-paul-wants-to-sue-coffeezilla","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=9576","title":{"rendered":"Coinbase fined $100M for compliance failures; Logan Paul wants to sue Coffeezilla"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n   <\/p>\n<p><em>The biggest news in the cryptoverse for Jan. 4 includes the World Economic Forum outlining its future vision for crypto, the US DOJ taking control of Robinhood shares under dispute by FTX-related parties and CryptoSlate\u2019s analysis of Bitcoin UTXOs.<\/em><\/p>\n<h2>CryptoSlate Top Stories<\/h2>\n<p>Coinbase had \u201cinadequate\u201d AML measures; settles for $100M with NYDFS<\/p>\n<p>Coinbase will pay a penalty of $50 million for failing to comply with the New York Banking Law and other state regulations, according to a\u00a0press release\u00a0on Jan. 4.<\/p>\n<p>The largest crypto exchange by trading volume will also invest another $50 million over the next 2 years to update its compliance systems as per a plan approved by the NY regulators.<\/p>\n<p>India\u2019s crypto tax could cause CEXs to lose $1.2T trading volume by 2026<\/p>\n<p>Indian crypto exchanges lost around 97.1% of their trading volume between January and October 2022, according to recent\u00a0research.<\/p>\n<p>The report by Indian technology policy think tank Esya Centre studied three major Indian exchanges, including WazirX, CoinDCX, and Zebpay. The study bears significance since it provides the first monetary estimate of the impact of India\u2019s crypto tax.<\/p>\n<p>Logan Paul threatens to sue Coffeezilla over CryptoZoo scam accusations<\/p>\n<p>YouTuber\u00a0Logan Paul\u00a0responded to Coffeezilla, aka Stephen Findeisen, over\u00a0accusations\u00a0that he scammed CryptoZoo investors.<\/p>\n<p>World Economic Forum discloses its future vision for crypto<\/p>\n<p>The World Economic Forum (WEF) recently published an\u00a0article\u00a0outlining its future vision for crypto.<\/p>\n<p>It mentioned JPMorgan and other \u201cmajor financial institutions\u201d in the context of 180\u2019ing from their initial skepticism on digital assets. While also advocating for \u201cbreakthrough technologies\u201d to be handed over to \u201cresponsible actors.\u201d<\/p>\n<p>DOJ will seize FTX\u2019s disputed Robinhood shares<\/p>\n<p>U.S. authorities will take control of Robinhood shares that are under dispute by FTX-related parties, according to various reports on Jan. 4.<\/p>\n<p>Those reports indicate that the U.S. Department of Justice (DOJ) either has seized or is currently seizing Robinhood shares related to FTX.<\/p>\n<p>Judge rules $4.2B belongs to Celsius<\/p>\n<p>A new update regarding the\u00a0Celsius\u00a0bankruptcy case came on Jan. 4 as Judge Martin Glenn\u00a0ruled\u00a0that the funds deposited to Earn Accounts, which amount to $4.2 billion, are the property of Celsius, not the investors.<\/p>\n<h2>Research Highlight<\/h2>\n<p>Research: Bitcoin UTXOs grow despite bear market<\/p>\n<p class=\"p1\">CryptoSlate\u2019s analysis of Bitcoin Unspent Transaction Outputs (UTXOs) showed that there has been continuous growth in the total number of UTXOs since 2018.<\/p>\n<p class=\"p1\">The rising number of unspent outputs defied every instance of price volatility and continues to grow through the ongoing bear market. Positive growth in the UTXO set indicates increased network usage, while negative values show a contraction in network usage.<\/p>\n<p class=\"p1\">Data\u00a0from Glassnode showed that the total set of Bitcoin UTXOs reached its all-time high in the first days of January, counting over 136 million UTXOs.<\/p>\n<h2>Crypto Market<\/h2>\n<p>In the last 24 hours,\u00a0Bitcoin (BTC) rose 1% to trade at $$16,831.02, while Ethereum (ETH) was up 3.48% at $1,253.51.<\/p>\n<h3>Biggest Gainers (24h)<\/h3>\n<p>XYO (XYO): +47.97%Ethereum Classic (ETC): +19.23%LUKSO (LYXe): +18.35%<\/p>\n<h3>Biggest Losers (24h)<\/h3>\n<p>OKB (OKB): -3.57%Ribbon Finance (RBN): -2.92%APENFT (NFT): -1.65%<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/cryptoslate-wrapped-daily-coinbase-fined-100m-for-compliance-penalties-logan-paul-wants-to-sue-coffeezilla\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The biggest news in the cryptoverse for Jan. 4 includes the World Economic Forum outlining its future vision for crypto, the US DOJ taking control of Robinhood shares under dispute by FTX-related parties and CryptoSlate\u2019s analysis of Bitcoin UTXOs. CryptoSlate Top Stories Coinbase had \u201cinadequate\u201d AML measures; settles for $100M with NYDFS Coinbase will pay [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-9576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9576"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9576\/revisions"}],"predecessor-version":[{"id":9578,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9576\/revisions\/9578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/9577"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}