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US Bankruptcy Judge Freezes Crypto Hedge Fund Three Arrows Capital’s Assets
13.7.2022
A federal judge in a New York bankruptcy court has frozen the assets of crypto hedge fund Three Arrows Capital (3AC). “A key part of this motion is to put the world on notice that it is the liquidators that are controlling the debtor’s assets at this stage.” Bankruptcy Judge...
China Frozen Bank Account Controversy: Affected Clients Injured During Protests, Nearly $6 Billion Missing
11.7.2022
Some Chinese bank clients, whose accounts were frozen in April, were injured while staging a protest at the Zhengzhou branch offices of the country’s central bank. Reports from local media outlets suggest that as much as $6 billion in client funds is missing and the individual believed to...
Report: Nigerian Fintech Giant Flutterwave Accused of Laundering Money, More Than 50 Bank Accounts Frozen
8.7.2022
A Kenyan agency charged with tracing and freezing proceeds of crime said it recently obtained an order giving it the authority to freeze bank accounts belonging to Nigerian fintech Flutterwave. The agency alleges that Flutterwave is not providing merchant services as per claims, but is instead...
NFT Stamps and Use Cases, Crypto Taxation in UK, Frozen USD 85M + More News
5.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: NFT Stamps and Use Cases, Crypto Taxation in UK, Frozen USD 85M + More News
Peter Schiff’s Euro Pacific Bank Suspended by Puerto Rico’s Regulator — Schiff Insists No Evidence of Crime
5.7.2022
Peter Schiff-owned Euro Pacific Bank has been suspended by Puerto Rico’s financial regulator. Schiff claims that there’s “no evidence of crimes,” warning that “accounts are frozen and customers may lose money.” Puerto Rico’s Regulator Suspends Peter...
Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy
28.6.2022
The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly rewards, and reportedly...
Bank of America Says Crypto Winter Concerns Haven't Frozen Investor Interest
28.6.2022
Blockchain technology is the most significant evolution of software since the internet, the report said
Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch
12.5.2022
At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to further disable delegations. Terra Blockchain Halts in Order to Prevent...
Bitmex Co-Founder Arthur Hayes Says Bitcoin Could Drop to $30K Amid a Stock Market Rout
11.4.2022
The co-founder and former CEO of Bitmex, Arthur Hayes, has published a new blog post concerning the current state of cryptocurrency markets. Hayes says currently there’s an inability to recognize the cyclical nature of markets and the “inconvenient truth” that is crypto is...
Bosnian court sides with Bitcoin miner in frozen bank account case
29.3.2022
The second-largest Italian bank would have to pay $144 million in compensation to the mining farm, the judge rules
Co-Founder of Bitmex Predicts Gold Rising to $10K, Bitcoin Marching to $1 Million
18.3.2022
On March 16, Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, published a blog post called “Energy Cancelled,” which describes the economics behind the ongoing Russia-Ukraine war. Hayes explains in his 26-minute long opinion piece that historians may point...
Canadian Police Begin Unfreezing Accounts Tied to Freedom Convoy as Trudeau Revokes Emergencies Act
24.2.2022
Canada’s prime minister, Justin Trudeau, has ended the use of the Emergencies Act invoked last week to deal with the Freedom Convoy trucker protest. The Canadian police have also instructed financial institutions to unfreeze accounts previously frozen. “The situation is no longer...
Ruby on Rails Creator Capitulates on Bitcoin After Seeing Canadian Government’s Response to Freedom Convoy
23.2.2022
The creator of Ruby on Rails says the situation in Canada is “terrifying” and “a real wakeup call.” He admits that he was wrong about bitcoin and cryptocurrency. “A few months ago, I would not have found it credible if you said a three-week peaceful protest...
'Frozen' Bitcoin Tied to Canadian Protests Lands at Coinbase, Crypto.Com
22.2.2022
The situation shows the limitations of a government’s ability to thwart transactions on decentralized systems – but also the limitations of those systems to circumvent such sanctions
Despite Recent Threats From Canadian Officials, ‘Real Crypto’ or Decentralized Assets Cannot Be Frozen
20.2.2022
Over the last week, there’s been a lot of discussion about Canada ‘freezing’ digital currency accounts that are associated with the Canadian trucker’s Freedom Convoy. Amid the topical conversation, it should be stressed that decentralized cryptocurrencies like bitcoin...
Trudeau’s Government Warns More Accounts Will Be Frozen — Freedom Convoy Truckers Hold Their Ground
18.2.2022
The Canadian government has warned that more financial accounts and cryptocurrency wallets will be frozen as law enforcement attempts to end the Freedom Convoy trucker protest. However, truckers are standing their ground even after the police arrested two protest organizers. Prime Minister Justin...
Canadian Gov’t Says It Has Frozen Crypto-Related Bank Accounts – and Will ‘Freeze More’
18.2.2022
The Canadian government is going ahead with its controversial moves to end the “truckers’ protest” over COVID-19 restrictions that has brought much of the nation to a standstill – by freezing bank accounts and sharing crypto addresses with financial institutions in an effort to cut...
$2.2M Worth of Bored Ape Yacht Club NFTs Stolen — Victim Says Incident Was ‘Arguably the Worst Night’ of His Life
31.12.2021
According to reports, roughly $2.2 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible tokens (NFTs) were stolen from a collector. The owner of the NFTs Todd Kramer said the incident was “arguably the worst night” of his life. Furthermore...
Threat of Nested Exchanges and What Binance Is Doing to Combat Them
13.12.2021
Nested exchanges are becoming a popular tool for money launderers. Learn all about nested exchanges/services and what we’re doing to combat them as well as how to avoid them and why accounts get blocked or frozen because of them. Main Takeaways: A nested exchange provides crypto trading...
Nigerian Judge Rules in Favor of Accused Crypto Startup, Accounts to Be Reopened
27.10.2021
A Nigerian Federal Court judge recently ruled that the two frozen bank accounts belonging to Rise Vest Technologies, which is accused of trading cryptocurrencies, must be reopened. CBN’s Bank Account Freeze Order Dismissed In a ruling that overturns the Central Bank of Nigeria (CBN)’s...