Brazilian football legend Ronaldinho Gaúcho is facing the possibility of detention as he is entangled in a cryptocurrency fraud investigation in his homeland. He is accused of being associated with a pyramid scheme post-retirement, which allegedly caused financial losses for investors who were swayed by his iconic status. He was summoned by the Brazilian Chamber […]
Cryptocurrency exchange Binance may be considering withdrawing its services from Russia due to sanctions from countries including the United States. A Binance spokesperson said the exchange was considering all options, including a full exit. Binance has already removed certain sanctioned Russian financial institutions from available payment options on its P2P platform and added fiat currency […]
The SEC has recently intensified its crackdown on crypto firms, filing lawsuits against two of the largest crypto exchanges in the world, Coinbase and Binance. Ripple Labs is also facing a lawsuit from the SEC, which alleges that Ripple Labs issued unregistered securities in the form of XRP tokens. Both Coinbase and Binance have vowed […]
Cybersecurity researcher ZachXBT recently highlighted a concerning issue with X’s new verification process. Previously, all verified accounts had blue checkmarks, but now blue checkmarks indicate that the owner of the account has an X Premium subscription and meets the requirements to display the checkmarks. Government officials, multilateral organizations, and individuals acting as government representatives now […]
A federal court in Chicago has taken a groundbreaking step to combat cybercrime by using innovative technology to lock criminals out of their blockchain accounts. The court order applies to 16 individuals and international criminal organizations sanctioned by the United States Treasury Department, including the notorious Lazarus Group and Hydra Market.The Lazarus Group is a […]
The Biden administration has taken a significant stance on the crypto industry, with enforcement actions from the SEC and CFTC, as well as proposed regulations from the SEC and Treasury Department. These regulations could have major implications on the sector, from the SEC’s proposals on custody and exchanges to the Treasury’s new proposal on how […]
Binance, a global crypto exchange, has announced that its Poland entity, Binance Poland sp. z o.o., will be providing services to residents of Belgium. This follows an order from the Belgian Financial Services and Markets Authority (FSMA) to stop offering crypto exchange and custody wallet services due to violations of the country’s Anti-Money Laundering and […]
Sam Bankman-Fried, the disgraced founder of FTX, and his lawyers have requested that the Government be precluded from using certain evidence when his trial commences on October 2. The lawyers have argued that Bankman-Fried does not have enough time and resources to review the large volume of documents produced by the Government.In addition, Bankman-Fried’s lawyers […]
Binance, the world’s largest cryptocurrency exchange, has announced new trading conditions for its Russian user base on its peer-to-peer platform. Russian users are now restricted to using only the Russian ruble for transactions on the platform. Additionally, Russian nationals residing outside the country are now barred from accessing key global currencies, such as the euro, […]
Binance, a cryptocurrency exchange, has recently imposed restrictions on its Russian customers on its peer-to-peer (P2P) trading platform. Russian customers are now only allowed to use the Russian ruble (RUB) on the platform, and must have the Russian Know-Your-Customer (KYC) verification and reside in Russia in order to use the currency. The announcement has caused […]
