In a recent development, Binance, the world’s largest cryptocurrency exchange, is facing serious allegations of “aggravated money laundering” in France. French prosecutors initiated an investigation into Binance in June 2023, looking into allegations of money laundering and the operation of an unauthorized exchange. The raid occurred just days after Binance France President, David Prinçay, stated […]
BlackRock, a major financial firm, is making significant moves in the world of blockchain technology and digital assets, signaling a shift in traditional finance. The company has become the first major player on Wall Street to utilize JPMorgan’s blockchain-based collateral settlement system, a move that promises to make settlement processes more efficient and transparent. In […]
The recent security breach at Stake.com, a popular online crypto casino, has resulted in the loss of $41 million to hackers. The incident is considered one of the significant attacks on the cryptocurrency industry this year. The FBI has identified the Lazarus Group, a North Korean state actor, as the responsible party for the theft. […]
The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has imposed sanctions on a cryptocurrency operator allegedly linked to the terrorist group Hamas. The move comes after Hamas carried out an attack on Israel, resulting in multiple casualties. OFAC added a Gaza-based virtual currency exchange and its operator to […]
Recent reports have revealed that Hamas, the militant group controlling the Gaza Strip, has been using cryptocurrencies to fund its operations in Israel. This allows them to bypass international sanctions imposed by the West. In response, Israeli authorities have confiscated several wallet addresses believed to be owned by Hamas. The conflict between Israel and Hamas […]
VALR, a South African crypto platform, has announced a strategic partnership with Visa to issue Visa cards to its crypto customers. The partnership aims to deliver innovative digital payment solutions to users in Africa and global markets. VALR has raised over $50 million and received initial regulatory approval from Dubai’s Virtual Assets Regulatory Authority. The […]
SYS Labs has announced the launch of Rollux Phase 2, a powerful suite of decentralized finance (DeFi) tools backed by Bitcoin and Syscoin. This development aims to enhance the performance and inclusivity of the Web3 ecosystem. Rollux Phase 2 introduces Rollux, an EVM Layer-2 solution that utilizes Bitcoin’s mining network to optimize Ethereum network applications. […]
Binance.US, the American branch of cryptocurrency giant Binance, is seeking permission to file sensitive documents under seal in response to the ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC). The company argues that the SEC’s demands for document discovery and depositions are unreasonable. Filing under seal allows Binance.US to present confidential information in […]
SYS Labs, a Web3 product suite powered by Syscoin, has announced the next phase of Rollux, an innovative EVM Layer-2 solution. Rollux aims to optimize the performance of Ethereum network applications by harnessing the strength of Bitcoin. In its Phase 2 rollout, Rollux introduces a full suite of DeFi tools, including a ZK-lite client, cross-chain […]
U.S. cryptocurrency exchange Coinbase has stated that the majority of terrorist funding still relies on traditional financial systems, such as cash, rather than cryptocurrencies. This comes in response to claims that the crypto industry facilitates transactions for malicious players. While some crypto stakeholders have highlighted their efforts to combat the illegal use of crypto for […]
