The recent collaboration between the US and UK governments to investigate crypto transactions amounting to over $20 billion has shed light on potential violations of Russian sanctions. The focus of this joint effort is aimed at uncovering illicit financial activities that may be funding military operations in Ukraine. This development underscores the increasing scrutiny on
Exchanges
KuCoin, a well-known crypto exchange, has recently faced a surge in withdrawal requests after facing criminal charges from the US authorities. Various on-chain analytics firms have reported a significant increase in withdrawals across different categories of traders such as whales, funds, smart money, and market makers. During the reported period, KuCoin witnessed substantial withdrawals of
The recent US criminal charges against KuCoin, a popular cryptocurrency exchange, have caused a stir in the crypto community. CEO Johnny Lyu was quick to address the situation, stating that the charges would not impact the platform’s operational stability and reassuring users that their funds are safe. He took to social media to communicate with
Recently, Binance announced that it would be ending support for Tron network-based USD Coin (USDC) stablecoins by April 5. This decision comes in light of Circle pulling out of the Tron blockchain entirely. Users on the Binance platform now have less than two weeks to withdraw their assets or convert them to USDC on alternative
The recent escape of Nadeem Anjarwalla, a Binance executive, from Nigerian custody has caused a stir in the cryptocurrency community. Anjarwalla, who holds dual citizenship from Kenya and the UK, allegedly absconded on March 22 during Friday prayers at a mosque in Abuja. He managed to use a Kenyan passport to board a flight operated
The recent implementation of EU anti-money laundering regulations has caused a stir among various stakeholders, sparking a heated debate on the balance between combating financial crime and preserving citizens’ rights. The new laws, which have been proposed and approved by the majority of the EU Parliament’s lead committees, have drawn both criticism and support from
A disturbing trend has emerged within the Solana community, as unknown parties have capitalized on the platform’s token creation feature to introduce a plethora of memecoins laden with racist, antisemitic, and anti-China content. This exploitation of Solana’s capabilities has not only tarnished the reputation of the ecosystem but has also sparked outrage among members of
In a bold move towards embracing digital assets, asset management firm BlackRock has selected Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This partnership marks a significant step in the journey towards mainstream adoption of cryptocurrencies in traditional financial institutions. BlackRock’s BUIDL fund aims to
BitMEX is currently investigating an unusual incident involving a user who was selling large orders on its Bitcoin spot market. This rogue seller unloaded more than 400 BTC on the exchange, causing the price of Bitcoin to crash by 87% to as low as $8900. While this event did not impact BitMEX’s derivative markets or
Cryptocurrency exchange OKX recently made waves in the European market by announcing the delisting of Tether (USDT) pairs in favor of USDC and Euro-based stablecoin pairs. This move, which was communicated to customers in a message on March 18, comes hot on the heels of the EU’s release of draft technical standards related to stablecoins.