Binance, the world’s leading cryptocurrency exchange, is facing allegations of operational ties in Russia, according to a report from the Wall Street Journal. Despite Binance’s confirmation of a reduction in its Russian operations to comply with European Union sanctions, data suggests that the exchange still has a persistent ruble trading presence on its platform. This […]
John Reed Stark, a former SEC enforcement official, has been vocal for months about his speculation that the US Department of Justice (DOJ) is about to take action against Binance. His latest claim is based on a Wall Street Journal report that reveals the exchange’s connections with sanctioned banks and its involvement in large-scale ruble-to-crypto […]
Xiao Yi, a former Chinese government official, has been sentenced to life in prison for helping subsidize a secret, large-scale Bitcoin mining operation within the country’s borders, alongside unrelated acts of corruption. Yi pled guilty to the charges and has already returned the stolen funds and seen the seizure of both the bribes and his […]
The CyberConnect token $CYBER has seen an impressive performance in the past weeks, with a listing on Binance on August 15 and a subsequent 80% increase. Despite a subsequent price drop, the coin is still up by over 100% in the last seven days, and its 24-hour trading volume has increased by 200%.The prominent South […]
An unknown Bitcoin whale has recently emerged, accumulating 118,300 Bitcoin worth over $3 billion at current market prices. The identity of the owner remains unknown, leading to speculation that it could be a centralized exchange such as Gemini or BlackRock, the largest asset management firm in the world.The wallet has become the third-largest holder of […]
CoinDCX, a Coinbase Ventures-backed Indian crypto unicorn, has recently laid off 12% of its workforce, or 71 out of its total 590 employees. This decision was taken due to the prolonged bear market and the impact of Tax Deducted at Source (TDS) on domestic exchanges. The company had previously gone through an internal restructuring earlier […]
Borroe ($ROE) is a decentralized fundraising marketplace that bridges the short-term liquidity gap in the web3 industry. It is powered by AI and provides web3 businesses with instant cash flow instead of waiting to realize their income. The platform is secure and has been audited and verified by BlockAudit. In its presale beta stage, Borroe […]
Thailand is taking a dramatic step to protect its citizens from crypto scams by seeking a court-ordered shutdown of Facebook. The Ministry of Digital Economy and Society (MDES) has identified 200,000 victims of fraudulent advertisements peddling fake investment opportunities and crypto scams. MDES spokesperson Chaiwut Thanakamanusorn has stated that the government is asking the court […]
A Chinese government official has been sentenced to life in prison for running a $329 million Bitcoin mining enterprise and unrelated charges of corruption. Xiao Yi, a former member of the Jiangxi Provincial Political Consultative Conference Party Group and Vice Chairman, was found guilty of bribery from 2008 to 2021 and abuse of power from […]
