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Arrested Bitzlato Exchange Founder Seeks Help From Crypto Community
27.3.2023
The founder of crypto exchange Bitzlato, who is facing a money laundering case in the U.S., is seeking support from members of the community. Anatoly Legkodymov was arrested in January for his role in the trading platform which allegedly processed millions of dollars’ worth of illicit funds....
Just Saying No to Digital Dollars Means Cementing the Surveillance Status Quo
23.3.2023
Political attacks on CBDCs gives a pass to existing government and commercial oversight of financial transactions, says Christopher Giancarlo, cofounder of the Digital Dollar Project
SVB Collapse Shows the Rot in U.S. Banking and Dollars
17.3.2023
Central Bank of Bolivia Selling Dollars Directly to Citizens as Devaluation Fears Rise
11.3.2023
The Central Bank of Bolivia is now selling dollars directly to citizens in order to curb what it is calling a speculative attack that has increased the demand of the population for foreign currency. This rise in demand has been caused by several factors which led the population to believe there...
Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto
11.3.2023
Circle's USDC stablecoin was hit by the shutdown of Silicon Valley Bank, one of its key banking partners
Binance Bans Russians From P2P Transactions With Dollars and Euros
10.3.2023
Cryptocurrency exchange Binance has introduced new restrictions for Russian users, in accordance with the latest European sanctions. The platform is restricting access to peer-to-peer (P2P) transactions in U.S. dollars and euros for traders based in the Russian Federation. Binance Prohibits...
Like Venezuela, Some Retailers in Argentina Are Now Pricing Items in Dollars
8.3.2023
Some retailers in Argentina are already pricing imported items in U.S. dollars, according to reports from local news outlets. The idea behind this would be to keep prices stable and avoid repricing articles each day, a practice that has already been adopted in other Latam countries like Venezuela...
Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison
7.3.2023
Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages, prosecutors announced. Robbers Get Prison Sentence...
Kenyan Forex Crisis: Central Bank Orders Financial Institutions to Ration Dollars
6.3.2023
Growing shortages of foreign exchange on the interbank market have reportedly forced the Central Bank of Kenya to ask financial institutions to ration dollar purchases by Kenyan businesses. The shortages have forced Kenyan firms to seek greenbacks on alternative markets where the exchange rate...
Ukraine’s Government-Provided Crypto Addresses Raised $70 Million During War, Report
2.3.2023
Crypto donations collected by the government in Kyiv since the start of the Russian invasion have amounted to almost $70 million, according to Chainalysis. Ether has been the most donated crypto followed by bitcoin and the stablecoin tether, the blockchain intelligence firm said in a report....
5 High-Profile Cryptocurrency Implosions Shatter Trust, Wipe out Billions in Value During 2022’s Crypto Winter
26.2.2023
2022 was a year of phenomenal cryptocurrency blowouts, as several projects collapsed and many more are on life support after the entire ecosystem was shattered. The fallout from these digital currency projects has not only removed billions of dollars in value from the crypto economy, but also...
GBTC approval could return a ‘couple billion dollars’ to investors: Grayscale CEO
26.2.2023
Grayscale Investments' boss, Michael Sonnenshein, said that if GBTC got the green light to "convert" to a spot BTC ETF there would "no longer" be a discount or a premium, amid ongoing legal action against the SEC
Seized NFTs Worth Millions of Dollars To Be Sold by Three Arrows Capital Liquidators – Here's The Latest
24.2.2023
Liquidators of the now-defunct crypto fund Three Arrows Capital plan to sell some of the firm's NFTs as part of recovery efforts.
In a notice published Wednesday, Teneo, the New York-based liquidation firm tasked with overseeing 3AC's liquidation, said they will put the bankrupt firm’s NFTs...
Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme
23.2.2023
Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage....
Crypto Shilling Costs Yet Another Celebrity A Million Dollars
20.2.2023
Yet-to-collapse cryptocurrency, EMAX, has just gotten another celebrity in hot water. Short for EthereumMax, the bullshit scheme was promoted on Twitter by former NBA player Paul Pierce, except he rather forgot to say he was being paid hundreds of thousands of dollars for doing so. As reported...
Onecoin Cryptoqueen’s Ex-boyfriend Gets 5 Years in Prison
18.2.2023
A former boyfriend of Ruja Ignatova, the mastermind of the Ponzi scheme Onecoin, has received five years in prison. The sentence is for the laundering of hundreds of millions of dollars’ worth of proceeds from the notorious crypto scam which defrauded investors around the world. Ruja’s Former...
Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks
16.2.2023
Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative developments in the crypto space, indicating that large players from traditional finance remain engaged...
FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner
16.2.2023
The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens...
FDIC Tells Crypto Exchange CEX.IO to Stop Claiming US Dollars Held in Its Wallets Are Insured
15.2.2023
The agency issued a cease-and-desist letter on Wednesday
South Korean YouTuber Received “Millions of Dollars” Worth of Undeclared Crypto Income
15.2.2023
A South Korean YouTuber received “millions of USD” worth of undeclared crypto income, tax officials have stated – following a recent crackdown on social media-based “tax dodgers.”
KBS reported that the National Tax Service (NTS) has launched an “intensive tax investigation” into 84 people...