Cryptocurrency Analysis and News Portal
The United States Treasury’s Office of Foreign Assets Control (OFAC) added Roman Semenov, one of the co-founders of the Tornado Cash cryptocurrency “mixer,” to its list of Specially Designated Nationals and Blocked Persons (SDN) on Aug. 23. Another co-founder, Roman Storm, was arrested by the Federal Bureau of Investigation and
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"While publicly claiming to offer a technically sophisticated privacy service, Storm and Semenov in fact knew that they were helping hackers and fraudsters conceal the fruits of their crimes. Today’s indictment is a reminder that money laundering through cryptocurrency transactions violates the law, and those who engage in such laundering
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Singapore authorities arrested ten foreigners in a major money laundering bust, confiscating assets worth roughly $735 million. On Aug. 16, Singaporean police arrested ten foreign nationals with Chinese passports, accused of laundering approximately S$1 billion ($735 million)
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According to South Korean news outlet Chosun Biz, on Aug. 7, Jinwook Shin, the CEO of crypto exchange Bitsonic — who is under investigation for stealing investments and deposits from exchange users — was arrested by South Korean police. The vice president of Bitsonic will also be put on trial without preliminary
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One half of the couple alleged to have laundered billions of dollars worth of cryptocurrency has reportedly admitted he was behind the 2016 Bitfinex hack.According to an Aug. 3 CNBC report, Ilya Lichtenstein told a U.S. court he was the individual behind an exploit of cryptocurrency exchange Bitfinex in 2016
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The creator-focused platform charges collectors a flat minting fee of 0.000777 ETH (about $1.40) per NFT minted. Beginning on Thursday, Zora will automatically split funds earned from its mint fees with creators, providing them with a larger slice of the pie in the hopes of incentivizing more creators to release
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So, you’ve deposited some cryptocurrency onto an exchange. You expect that these funds will be held in your name as a liability, with safeguards in place to make sure that you can withdraw them when you wish.However, this
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. Senate has approved the 2024 National Defense Authorization Act (NDAA). The bill included a provision to strengthen regulatory scrutiny of financial institutions involved in crypto trading, particularly mixers and anonymity-enhancing tokens, focusing on
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In addition, the accumulation of these funds will allow central banks, with only modest competition, to direct personal loans and mortgages to favored private parties – with all the dangers attendant to state industrial policies. The nightmare scenarios are not hard to fathom, but difficult to prevent. Original Source
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Crypto market’s volatility and potential for profit and lossThe crypto market is known for its high volatility, which refers to the rapid and unpredictable price fluctuations of cryptocurrencies. Market sentiment, recent news events, regulation changes, technological advancements, and general market demand and supply are just a few factors contributing to
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