Search
Binance entities and Changpeng Zhao come under SEC scrutiny
6.6.2023
The US Securities & Exchange Commission, also known as SEC, has announced that they have filed Section 13 charges against Binance, BAM Trading Services, and Changpeng Zhao for violating several security laws. A brief summary mentioned by the SEC states that the charges are related...
Crypto Industry’s Reputation Takes a Hit: FTX and Bitcoin Rank at the Bottom of 2023 Axios Harris Poll 100
30.5.2023
A recent survey conducted by Axios and Harris Poll, which polled 16,310 Americans, has revealed some interesting findings about the reputation of two select entities in the crypto industry. FTX, a crypto exchange that has since gone out of business, has been ranked at the very bottom of the list...
U.S. Treasury Sanctions North Korean-Owned Binance Wallets; Says Entities Used Funds to Support WMD Programs
23.5.2023
The Binance-hosted wallets received more than $2 million worth of various cryptocurrencies that were then sent on to North Korean entities, OFAC alleged
Report: Biden Administration ‘Crypto Tsar’ Says DOJ will Target Digital Asset Exchange Platforms
17.5.2023
According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said the DOJ hopes taking action against entities such as crypto...
Crypto Mining Entities in Kazakhstan Paid $7 Million in Taxes in 2022 – Next Crypto Hub?
8.5.2023
The government of Kazakhstan collected around $7 million in taxes from cryptocurrency mining entities last year.
Kazakhstan has received 3.07 billion tenges (almost $6.9 million) in tax payments from crypto miners in 2022, the country's State Revenue Committee of the Ministry of Finance...
Celsius eyes merge of entities as creditors claim distinctions were a ‘sham’
3.5.2023
New court filings are pushing to straighten out the issue in a bid to help recover lost funds for customers
Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’
2.5.2023
Resolving the company’s murky corporate design could prove key to recoveries for customers and Series B investors
Ugandan High Court Rules to Uphold Central Bank’s Crypto Prohibition
25.4.2023
A Judge of a High Court in Uganda recently dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted that the central bank’s crypto prohibition...
Report: Korean Central Bank to Gain Right to Probe Virtual Asset Entities After Financial Regulator Drops Opposition
22.4.2023
The South Korean central bank is set to be granted the right to investigate virtual assets after the Financial Services Commission (FSC) dropped its opposition to the move. According to a report, the FSC dropped its opposition to the central bank’s bid after it was accused of seeking to make...
Bank of Russia to set up entities for crypto mining and cross-border settlement: Report
19.4.2023
Russia's central bank plans to create new institutions to mine crypto assets and settle international payments
China Opposes Recent US Sanctions for Chinese Firms, Criticizes ‘Long-Arm’ Jurisdiction Policies
17.4.2023
The government of China protested the enactment of sanctions on a series of national companies by the U.S., barring them from doing business with U.S.-based entities for allegedly collaborating with Russia. China’s Commerce Ministry criticized the move, saying it is a “typical form...
Today in Crypto: US Authorities Crack a $3.4 Billion Silk Road Heist Case, Striga Launches Program for Entities to Issue Crypto Cards, Push Protocol Reveals ‘Wallet-to-Wallet’ Video Chat
13.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: US Authorities Crack a $3.4 Billion Silk Road Heist Case, Striga Launches Program for Entities to Issue...
Report: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities
7.4.2023
Dubai’s Virtual Assets Regulatory Authority (VARA) has reportedly asked Binance to share more information about the crypto exchange’s ownership structure and its auditing procedures. According to reports, Dubai regulators are still keen on fostering innovation but without comprising...
EU Lawmakers Vote to Impose €1,000 Limit on Unidentified Crypto Transactions
30.3.2023
EU lawmakers have voted in favor of imposing a €1,000 limit on crypto transactions where the customer cannot be identified. “Entities, such as banks, assets and crypto assets managers, real and virtual estate agents, and high-level professional football clubs, will be required to verify their...
Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector
25.3.2023
Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy...
FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming to Be Affiliated With the Bankrupt Exchange
19.2.2023
On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity related to the company has issued any IOU crypto assets...
Ebay Expands Into NFT and Web3 Space With New Job Openings
3.2.2023
The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT) technology, according to several Linkedin job postings. Ebay is looking for a “creative crypto attorney” for the marketplace, Knownorigin, which it acquired in June...
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings
31.1.2023
FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best interests” of creditors, and FTX debtors do not believe...
FTX Publishes Creditor List, Owes Millions to Well-Known Institutions and Government Agencies
26.1.2023
The now-defunct crypto exchange FTX has published its list of creditors, with the names unredacted. The comprehensive list, which is over 100 pages long, shows that FTX owes a lot of money to well-known institutions, including Binance, Airbnb, Apple, Amazon, Linkedin, Coindesk, the Wall Street...
NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry
23.1.2023
On Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses should not commingle customer funds and that customer...