The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws. Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering Failures Damian Williams, the United States Attorney for the Southern District of New York, detailed the charges against Kucoin, accusing the…
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Binance-listed altcoin JasmyCoin (JASMY) has announced a partnership with tech giant Panasonic, to foster development of a platform that applies blockchain tech and IoT. JASMY is an Internet of Things (IoT) focused Japanese cryptocurrency. The altcoin stunned investors last month with an explosive 160% move in response to new crypto investments regulations in Japan. The…
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During the Asian session, Bitcoin price has showcased its resilience, ascending over 1% to reach $70,550, reigniting discussions around Bitcoin price prediction. Amidst a financial landscape punctuated by anticipation for regulatory decisions and the adoption of digital currencies on traditional exchanges, Bitcoin’s value trajectory becomes a focal point. This environment, combined with institutional investment signals…
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The US Treasury’s Office of Foreign Assets Control (OFAC) on Monday sanctioned 13 entities and two individuals. They are accused of developing crypto-related services that could facilitate sanctions evasion on behalf of Russian nationals. OFAC’s designations aim to curb Russia’s use of the global financial system in its conflict with Ukraine. Brian Nelson, Under Secretary…
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Nilam Resources has signed a letter of intent with Xyberdata to buy $1.70 billion worth of bitcoin amid the ongoing crypto market rally. According to Nilam Resources, Inc.’s announcement on March 25, the acquisition involves the Mauritius-based special purpose entity MindWave, which holds 24,800 Bitcoin and other digital assets. Nilam Resources Acquires 24,800 Bitcoin The…
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SWIFT, the global messaging network used by banks, service providers, clearinghouses, corporate business houses, brokers, is planning to launch a new platform to connect central bank digital currencies (CBDCs) in the next one to two years, according to a Reuters report citing the firm’s head of innovation, Nick Kerigan. Central banks around the world are…
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A senior executive at Binance, who was detained by Nigerian authorities in late February, has since escaped from custody. The executive Nadeem Anjarwalla is believed to have left the country using a Kenyan passport. The Nigerian government confirmed Anjarwalla’s escape and said it would ask Interpol to issue an international arrest warrant. Binance Executive Departs…
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This week, blockchain observers noticed that the “37X” wallet, once holding the title of the fifth-largest bitcoin wallet, was activated for the first time since 2019. This significant move involved the transfer of 94,504.03 bitcoin into three distinct addresses. One of these recipient wallets has now risen to become the sixth-largest bitcoin holder, showcasing a…
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Telegram, the messaging powerhouse, has been banned in Spain on a case investigating the hosting of unauthorized content owned by media companies in Spain. The Audiencia Nacional (National Court), one of the highest courts in Spain, has authorized this ban until Telegram cooperates by sending the required info to the court. Audiencia Nacional Bans Telegram…
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An industry expert, on Sunday, has ‘debunked’ claims that the European Union has banned anonymous crypto wallets and transactions. On Saturday, reports spread across the industry, claiming that the EU’s recent anti-money laundering (AML) law specifically targets banning anonymous crypto accounts. However, industry expert Patrick Hansen addressed these claims, clarifying that the law does not…
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