A US district judge has approved the plea deals between Binance, former CEO Changpeng ‘CZ’ Zhao, and the Department of Justice (DOJ). The settlement, reached on November 21, 2023, concludes the investigations into Binance’s failure to register as a money services business and violations of the Bank Secrecy Act (BSA). As part of the settlement, […]
Exved, a cross-border payment platform in Russia, has officially launched its services, enabling local legal entities to process international settlements using cryptocurrency. The platform, described as a “digital counterparty search system,” aims to simplify foreign exchange operations and foreign economic activity for Russian importers and exporters.Exved allows cross-border transactions using Tether USDT stablecoin, alongside the […]
Exved, a cross-border payment platform in Russia, has officially launched its services, enabling local legal entities to process international settlements using cryptocurrency. The platform, described as a “digital counterparty search system,” aims to simplify foreign exchange operations and foreign economic activity for Russian importers and exporters.Exved allows cross-border transactions using Tether USDT stablecoin, alongside the […]
Presidential hopeful Vivek Ramaswamy criticized SEC chair Gary Gensler and other regulatory agencies during the recent Republican presidential debate, accusing them of failing to keep up with the crypto industry. Ramaswamy specifically highlighted Gensler’s inability to acknowledge that Ethereum’s native currency, Ether (ETH), should be considered a commodity.When asked about preventing fraud in the crypto […]
Presidential hopeful Vivek Ramaswamy criticized SEC chair Gary Gensler and other regulatory agencies during the recent Republican presidential debate, accusing them of failing to keep up with the crypto industry. Ramaswamy specifically highlighted Gensler’s inability to acknowledge that Ethereum’s native currency, Ether (ETH), should be considered a commodity.When asked about preventing fraud in the crypto […]
Global policymakers are continuing to push for the development of central bank digital currencies (CBDCs), despite the risks and failures associated with them. In November, officials from organizations such as the International Monetary Fund (IMF) and the Bank for International Settlements (BIS) called for governments to accelerate CBDC development. However, critics argue that policymakers should […]
Global policymakers are continuing to push for the development of central bank digital currencies (CBDCs), despite the risks and failures associated with them. In November, officials from organizations such as the International Monetary Fund (IMF) and the Bank for International Settlements (BIS) called for governments to accelerate CBDC development. However, critics argue that policymakers should […]
Anatoly Legkodymov, co-founder and former CEO of cryptocurrency exchange Bitzlato, has pleaded guilty to operating an unlicensed money services business. In court, Legkodymov agreed to dissolve Bitzlato and forfeit $23 million in cryptocurrency. The exchange was allegedly used by criminals due to lax controls over illicit money transactions.Legkodymov was arrested in Miami during an international […]
Anatoly Legkodymov, co-founder and former CEO of cryptocurrency exchange Bitzlato, has pleaded guilty to operating an unlicensed money services business. In court, Legkodymov agreed to dissolve Bitzlato and forfeit $23 million in cryptocurrency. The exchange was allegedly used by criminals due to lax controls over illicit money transactions.Legkodymov was arrested in Miami during an international […]
Bitcoin Core, the software that powers the Bitcoin network, has been found to have a significant vulnerability. This flaw, known as the ‘Inscriptions’ feature, has caused network congestion and has prompted Bitcoin Core developer Luke Dashjr to announce a fix in the upcoming v27 update next year.This fix, however, has implications for two types of […]
