A U.S. lawmaker has called on Congress to focus its efforts on bringing more crypto activity and opportunities to the United States in order to “bolster U.S. national security.” Citing the Department of Justice’s action against crypto exchange Binance, the lawmaker stressed that Congress does not need to rewrite laws that work in the crypto…
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KPMG in Canada and Chainalysis have entered into a strategic partnership aimed at strengthening efforts against crypto asset fraud. This alliance, marking KPMG’s entry into the Chainalysis Solution Provider program, is focused on providing enhanced monitoring and risk management tools for cryptocurrency exchanges, financial institutions, and government agencies. The announcement on Wednesday details that the…
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A U.S. lawmaker has urged Congress to pass his bill that would fire U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler. This call followed the securities regulator filing a second lawsuit against crypto exchange Kraken this year after the exchange paid $30 million to settle the initial lawsuit. Lawmaker Seeks to Fire Gary Gensler…
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DEXTools Logo / Source: DEXTools X Account Blue-chip cryptocurrencies are pumping on Wednesday amid a market-wide relief rally as traders digest recent news relating to Binance, the world’s largest cryptocurrency exchange. News broke on Tuesday that Binance had reached deals with the US Department of Justice and Commodity Futures Trading Commission (CFTC) to settle to…
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DYDX, RUNE, FET, BTCETF, and BTCMTX rank among the best cryptos to buy now according to recent price action and fundamental developments. Image by cryptonews.com. Red-hot gains from dYdX, THORChain, and Fetch.ai show seasoned cryptocurrencies still have room to run. But newcomers Bitcoin ETF Token and Bitcoin Minetrix are also joining the party, with their…
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Following the settlement with the U.S. Department of Justice (DOJ), Binance, the world’s leading crypto exchange by trading volume, has experienced a significant withdrawal of approximately $1.7 billion in digital assets, as reported by Nansen, a blockchain analysis company. This substantial outflow of funds from Binance occurred shortly after the settlement. As of the latest…
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On Tuesday, charges against crypto exchange titan Binance Holdings Limited were revealed by the U.S. Department of Justice (DOJ), which reached a significant $4.316 billion settlement with the world’s largest crypto exchange for noncompliance with anti-money laundering (AML) laws. Despite Binance’s 2019 claims to bar U.S. users, prosecutors asserted the firm persisted in providing market…
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In a recent legal move, Digital Currency Group’s (DCG) subsidiary Genesis Global Capital LLC has filed a complaint against the crypto exchange platform and custodian Gemini. Genesis hopes to claw back $689 million from the centralized crypto trading platform founded by Cameron and Tyler Winklevoss in 2014. Genesis Targets Gemini in $689M Legal Battle Over…
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Yellow Card, the Africa-focused crypto exchange, recently won the African financial industry’s 2023 “Disrupter of the Year” award. The crypto exchange’s CEO described the award as a recognition of Yellow Card’s role in “solving important, practical problems across the continent for businesses.” Award Reserved for Businesses Demonstrating ‘Resilience in Complex Times’ In what has been…
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The price of bitcoin is coasting along under the $37K range following the recent settlement between the U.S. Department of Justice (DOJ) and Binance. At the same time, the U.S. Federal Reserve’s minutes were released on Tuesday showing no signs of any possible rate cuts or monetary easing. Fed officials stressed at their most recent…
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