Recently, major crypto exchange KuCoin, in addition to its two founders, has come under fire for allegedly failing to implement anti-money laundering (AML) and know-your-customer (KYC) procedures. Prosecutors claim that this lack of AML and KYC protocols on KuCoin allowed the platform to be utilized for laundering illicit funds derived from criminal activities. In a
Crypto
Ark Invest has recently made moves in the ETF market, selling a substantial amount of Coinbase shares across three exchange-traded funds. The firm sold 74,291 Coinbase shares, valued at $20.8 million, in their latest trade filing. This sale comes after a previous sale of over $100 million worth of Coinbase shares last week, indicating a
A recent event in the world of cryptocurrency has left many investors scratching their heads. Over the weekend, the fifth richest Bitcoin address made a massive move by transferring a staggering $6 billion worth of the asset to three new wallets. This unprecedented transfer has raised eyebrows and sparked speculation about the motives behind such
CommEX, the crypto exchange that took over Binance’s operations in Russia, has made the decision to cease its operations in the country. This announcement comes after Binance announced its plans to exit Russia back in September 2023. CommEX Russia revealed that it will begin winding down its operations gradually, starting from March 25. The exchange
Bitcoin’s price has recently found support around the significant $60K price level, initiating a period of sideways consolidation correction. Buyers are aiming to reclaim the $73K threshold in the mid-term, propelling the price towards a new all-time high. A detailed analysis of the daily chart indicates that Bitcoin’s price has entered a mid-term corrective phase
The long-standing legal battle between Ripple and the US Securities and Exchange Commission (SEC) is approaching its trial phase, scheduled for April 23. This legal dispute, which has spanned over three years, has captured the attention of the cryptocurrency community and the broader financial industry. Recently, both Ripple and the SEC demonstrated a collaborative effort
In a recent legal proceeding, U.S. District Judge Robert Shelby imposed sanctions on the Securities and Exchange Commission (SEC) for its misconduct in a case against Utah-based cryptocurrency firm DEBT Box. The judge accused the SEC of a “gross abuse of power” in handling the case, citing misrepresentation of key facts to obtain a temporary
Bitcoin’s price movements over the weekend have been somewhat underwhelming, with the asset calming at just over $64,000 after a period of volatility the previous week. The altcoins, on the other hand, are also showing less volatility, with a few exceptions like Dogecoin, which has surged by around 7%. The previous business week started on
In a recent incident in Hong Kong, a 46-year-old housewife found herself in a devastating situation after investing in a fraudulent crypto investment platform. The woman reported losses of 7.1 million Hong Kong dollars, highlighting the risks associated with the rapidly growing cryptocurrency market. The victim was contacted by fraudsters through Instagram and lured into
Coinbase, the derivatives arm of the largest American cryptocurrency exchange, has announced its intention to launch futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. The move comes as part of the company’s strategy to expand its offerings and provide more options for traders in the cryptocurrency market.
