A Reddit post shows “Binance Ltd” as well as some 2,400 other companies, use a small Suffolk Building as a registered office address in the UK. In a Monday post on the r/Buttcoin subreddit, user solanawhale shared the address of a so-called “utility closet” that a firm called Binance Ltd uses as a registered office address in…
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Binance has denied claims it’s been using a small building shared with thousands of other companies as its registered office in the U.K. Disclaimer: This article has been updated following clarification from Binance that it was not affiliated with the firm. On June 19, a post on the r/buttcoin subreddit showed a so-called “utility closet”…
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A report suggests companies are able to register in the U.K. very easily, making them appear more credible to potential scam victims. The United Kingdom is host to at least 168 companies accused of running fraudulent crypto or foreign exchange (forex) scams, according to an independent analysis. A joint investigation by media firms the Bureau…
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One of the largest oil and gas companies in the world, Shell, aims to offer its lubricant and cooling solutions to bitcoin (BTC) miners. The giant will sponsor the 2023 and 2024 Bitcoin Conferences, as it signed a two-year partnership with Bitcoin Magazine, the events’ organizer…. Read More: Oil Giant Shell Makes Move Into Bitcoin…
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The cryptocurrency exchange Coinbase has addressed the company’s procedures toward complying with sanctions in a blog post published on Sunday. The crypto firm says that respecting sanctions plays a “vital role in promoting national security” and the acts can help deter “unlawful aggression.”
Coinbase Intends to Comply With International Sanctions, Chief Legal Officer Says ‘Digital…
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Federal Reserve chairman Jerome Powell still expects to see interest rate hikes starting in March, but the Fed chief further stressed that the central bank will “need to be nimble.” In remarks prepared for members of U.S. Congress, Powell discussed the Russian invasion of Ukraine, noting that the “implications for the U.S. economy are highly…
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A Shell-backed blockchain startup has raised $2.5M to build an enterprise platform featuring zero-knowledge proofs. Applied blockchain, a Shell-backed distributed ledger technology, or DLT, firm, has secured $2.5 million in funding for applications that use zero-knowledge proofs, or ZKPs, in the context of business-to-business transactions. The funding round was led by Hong Kong-based venture capital,…
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