Tether, in collaboration with OKX and the U.S. Department of Justice, has frozen $225 million in USDT tokens, marking the largest freeze of its kind. This action is part of an investigation into an international human trafficking syndicate that is allegedly involved in a widespread romance scam. The success of the operation relied on the […]
Grayscale Investments recently met with the US Securities and Exchange Commission (SEC) to discuss their bid for a spot Bitcoin exchange-traded fund (ETF). The SEC issued a memo revealing the meeting, which was mandated by a court decision. The discussions focused on potential listing matters concerning Grayscale Bitcoin Trust’s shares. Grayscale has filed a new […]
Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), has filed a lawsuit against Kraken, one of the largest crypto exchanges. This move comes as no surprise, as Gensler has been known for his relentless fight against cryptocurrencies. The lawsuit alleges that Kraken sold several crypto tokens as unregistered securities. Interestingly, XRP, […]
A partnership between New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys has resulted in the launch of a New Zealand dollar-pegged stablecoin. The stablecoin, called NZDD, is backed 1:1 with cash in trust and regulated by the New Zealand Financial Markets Authority. Initially available on Ethereum, there are plans to expand […]
Brian Armstrong, the CEO of Coinbase, has expressed his satisfaction with the decision made by his company to comply with U.S. money transmitter licensing laws. In contrast to rival exchange Binance, which is pleading guilty to criminal charges, Armstrong believes that Coinbase’s commitment to obtaining the necessary licenses has positioned the company as a long-term […]
Binance CEO Changpeng Zhao is reportedly stepping down from his position at the exchange after pleading guilty to violating U.S. anti-money laundering requirements. The Wall Street Journal has reported that Binance will also plead guilty to money laundering violations. The news caused the value of BNB, the token backed by Binance, to fluctuate dramatically, reaching […]
The United States Department of Justice has seized approximately $9 million worth of Tether USDT following the freezing of funds connected to a criminal organization involved in romance scams. The funds were allegedly part of Tether’s efforts to freeze $225 million worth of USDT in wallets associated with the scam. The romance scams involved individuals […]
Jesse Powell, co-founder of cryptocurrency exchange Kraken, has criticized the Securities and Exchange Commission (SEC) for filing a lawsuit against his platform. Powell referred to the SEC and its chief, Gary Gensler, as “USA’s top decel,” implying that they hinder progress. He expressed dissatisfaction with the SEC’s actions, stating that Kraken had already paid $30 […]
Tether, the stablecoin issuer, has deposited around $1 billion into the UK subsidiary of Britannia Financial Group, according to court documents cited by the Financial Times. This comes amidst an ongoing legal battle between Britannia and Arbitral International. Arbitral filed a lawsuit against Britannia, accusing the bank of failing to fulfill payment obligations for a […]
Tether’s bank partner, Britannia Financial, is facing a lawsuit over allegations of failing to pay the full price for revenue-generating assets related to a large deposit from Tether. The lawsuit, filed by Arbitral International, claims that Britannia did not fulfill its payment obligations regarding the acquisition of Arbitral Securities, a brokerage business based in the […]
