Tornado Cash developer Alexey Pertsev has been accused of laundering $1.2 billion of illicit funds through the OFAC-sanctioned platform, as per the latest report. Since his arrest in August 2022, Pertsev has dismissed the allegations of breaching money laundering laws. The latest indictment from the Netherlands claims that Pertsev was involved in money laundering on […]
Bitcoin’s price was heading south for several consecutive days, culminating in a price dump below $61,000 yesterday amid fears of what the US central bank will announce in regards to its monetary policy. However, the asset went on a roll yesterday after the Federal Reserve outlined no significant changes. The rest of the market followed […]
In its letter to District Judge Lewis Kaplan on Tuesday, the legal team behind the disgraced FTX founder Sam Bankman-Fried has contested the sentencing recommendation put forth by the Department of Justice last week. The US prosecutors had previously proposed a prison term of 40 to 50 years for the former FTX CEO, but the […]
TL;DR Binance adds 17 altcoins as new loanable assets, offering users greater flexibility and the potential for Real-Time APR rewards through its Binance Loans (Flexible Rate) product. The exchange will also delist certain cryptocurrencies, reflecting its ongoing commitment to high standards and operational adjustments in response to network demands. The world’s largest cryptocurrency exchange continues […]
Bitcoin’s price has been on a downright spiral for the past several days, losing way more than ten grand after charting a new all-time high last week at nearly $74,000. Although many experts warned that such a correction could arrive and forecasted a ‘healthy’ 20% retracement before another leg up, the community wonders how low […]
Binance disclosed in its 16th proof-of-reserves (PoR) snapshot that its assets exceeded $100 billion as of March 18. The exchange views this milestone not merely as an “arbitrary number” but as evidence of continued trust in Binance and a strong indication of the crypto markets’ solid performance. Binance’s User Asset Holdings Surge In a blog […]
Asset management firm Fidelity wants traders of its proposed spot Ethereum exchange-traded fund (ETF) to be able to stake their assets upon the product’s approval. The financial giant included the request in an amendment of its November 17 application to launch a spot Ethereum ETF in the United States. Fidelity Includes Staking in ETF Proposal […]
[PRESS RELEASE – San Francisco, California, March 20th, 2024] Cementing itself as the first and only Layer-1 web3 game publisher, Saga primes for Mainnet launch in April Saga, a leading Layer-1 protocol and developer ecosystem in web3, today unveiled Saga Origins, a new game publishing division devoted to bringing cutting-edge, quality games to market. With […]
A Federal High Court in Nigeria has ordered the world’s largest cryptocurrency exchange, Binance, to release comprehensive data of all local users trading on its platform to the Economic and Financial Crimes Commission (EFCC) as the clampdown on the firm for its alleged role in the devaluation of the naira continues. According to a report […]
TL;DR The cryptocurrency market is correcting, with numerous assets in decline, but this new sloth-themed meme coin defies the trend by surging 70%. Despite its success, it faced a setback when the developer accidentally burnt $10 million in funds. The cryptocurrency sector has been on the decline today (March 19) after thriving significantly in the […]