Binance, a leading cryptocurrency exchange, has recently found itself at the center of controversy due to its association with Russian banks under sanctions. The Wall Street Journal (WSJ) raised concerns about Binance’s offering of sanctioned banks as transfer options, potentially violating international sanctions regulations. This article critically analyzes the situation and delves into the implications
Blockchain
The US Department of the Treasury and Internal Revenue Service (IRS) have recently announced new proposed regulations aimed at cracking down on tax evasion within the cryptocurrency industry. These regulations would require brokers of digital assets to report specific sales and exchanges, providing greater transparency in the sector. Additionally, the proposed regulations aim to assist
In a disconcerting turn of events, Magnate Finance on Base has abruptly closed its Telegram group and taken its website offline, leaving investors worried about the possibility of yet another exit scam. With a total locked value of $6.4 million, Magnate Finance has been associated with several other financial exit scams, raising concerns among the
Bitstamp, a global cryptocurrency exchange, has recently made the decision to terminate its Ethereum staking service for users in the United States. The exchange has set a deadline of September 25 for users to earn rewards on their staked assets, after which the tokens will be returned to their accounts. This move comes as a
In a recent announcement, Binance Connect, the regulated buy-and-sell crypto arm of the Binance exchange, revealed that it will cease its operations on August 16. This decision came as a result of the provider closing the supporting card payments service. The move aligns with Binance’s strategic initiatives aimed at focusing on its fundamental business activities.
The world of web3 metaverses is continuously evolving, and ZTX has recently made headlines by closing a successful $13 million seed round. Led by leading crypto investment firm Jump Crypto, this funding round demonstrates the growing confidence in the future of web3 metaverses and the potential of ZTX as a creator platform. With investments from
The recent transfer of 1,500 Ether (ETH) and 250 billion Shiba Inu (SHIB) tokens by bankrupt crypto lender Voyager Digital to Coinbase has caused quite a stir in the crypto community. Valued at approximately $2.77 million and $2.7 million respectively, these transfers have sparked suspicion and speculation among observers. With Voyager’s crypto wallet holdings dropping
South Korean prosecutors are seeking jail time for the executives allegedly responsible for a $651 million cryptocurrency scam. The scam left approximately 8,000 people out of pocket, with investors unable to reclaim their money. The trial is currently underway at the Seoul Southern District Court, and the prosecution is pushing for prison terms of up
The highly anticipated Ethereum layer 2 blockchain, Base, developed by Coinbase, kicked off its journey with a substantial influx of funds. Within just 24 hours of its launch, over $10 million poured into the network, according to Dune Analytics. This strong start is a positive sign for Base and indicates high investor confidence in its
In recent months, there has been increasing excitement in the cryptocurrency market surrounding Bitcoin spot ETF applications. However, what many may not be aware of is the growing number of Ethereum futures ETF applications that are closely following in its footsteps. As of August 10, there are a total of 14 Ethereum futures ETF applications
