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Once launched, Indonesia’s national crypto exchange will be the only platform allowing crypto transactions, the local regulator said. The government of Indonesia is moving forward with its plans to launch a national cryptocurrency exchange, and expects to debut the platform in the coming weeks. Indonesia’s Commodity Futures Trading Supervisory Agency (CoFTRA), also known as Bappebti, is planning to launch the national crypto exchange in July 2023, the local news agency Tempo reported on July 14. Bappebti head Didid Noordiatmoko reportedly said all cryptocurrency transactions will be only allowed to take plac using the upcoming national exchange. “Yesterday we agreed on the stock exchange rules,” the official said, adding that the discussions involved regulation of Know Your Customer (KYC) processes. Didid also noted that trading on the exchange will be offered through an integrated application, which CoFTRA has already tested. "Yesterday we conducted system integration tests bet...

US law enforcement agencies have confiscated thousands of BTC from the Silk Road over the years, and a significant chunk of it has been auctioned from time to time. Over 50,000 Bitcoin (BTC), worth $1 billion, were moved from multiple wallets connected to United States Government law enforcement seizures and transfer red to new addresses , with some moved to Coinbase on March 8.  According to data shared by on-chain analytics firm PeckShield, three transfers were made from U.S. law enforcement agency’s wallets. These wallets held nearly 51,000 BTC seized by U.S. agencies from the Silk Road marketplace in November 2021. The confiscated BTC was consolidated into two wallet addresses. Silk Road Bitcoin moved to three different addresses. Source: Twitter Out of these three transfers, the majority appear to be internal transfers. However, approximately 9,861 BTC was sent to Coinbase. The other two include a 30,000 BTC transfer and a 9,000 BTC transfer. Silk Road BTC sent to Coinbase. Sourc...

In the letter, SBF denies stealing funds and stashing billions of dollars away. The crypto community has voiced their opinions on former FTX CEO Sam “SBF’ Bankman-Fried’s “pre-mortem overview” of the collapse of FTX he published on Jan. 12 as a letter on Substack.  https://t.co/XVd0BPHxEU — SBF (@SBF_FTX) January 12, 2023 As previously reported by Cointelegraph, SBF denied the allegations made against him in the lengthy letter and maintained that FTX US had been “fully solvent” at the time the firm filed for Chapter 11 bankruptcy, with approximately $350 million in cash available. Bankman-Fried further stated that FTX International had a substantial amount of assets (approximately $8 billion) when John Ray became CEO. According to Bankman-Fried, “No funds were stolen. Alameda lost money due to a market crash it was not adequately hedged for–as Three Arrows and others have this year.” Unfortunately for him, the crypto community seemed unimpressed by SBFs “pre-mortem overview....