The Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury has recently commended the popular crypto exchange Coinbase for its significant role in aiding major criminal investigations. Through a letter addressed to Coinbase CEO Brian Armstrong, FinCEN highlighted how the exchange has assisted law enforcement efforts through its compliance and reporting practices.
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The prospect of spot Ethereum exchange-traded funds (ETFs) making their way into the US market has hit a roadblock, with concerns mounting over the likelihood of regulatory approval from the Securities and Exchange Commission (SEC). Jan van Eck, CEO of VanEck, a key player in the investment industry, recently expressed doubts about the approval of
Price Drop Followed by Analyst Predictions Recently, Shiba Inu (SHIB) experienced a price drop causing concern among investors. The price dipped by 3% on a daily scale and a significant 20% on a monthly basis. However, despite this downturn, analysts are predicting a potential bullish trend in the near future. Optimism Supported by Outflows and
In recent news, a Nigerian High Court in Abuja made the decision to detain Tigran Gambaryan, an executive at Binance, amidst allegations of money laundering. Despite Gambaryan pleading not guilty to the charges, the court ordered him to be remanded in prison until his bail hearing on April 18. The trial is set to begin
Bitcoin, the pioneer cryptocurrency, started the year 2024 on a high note, surging by a staggering 73% in the first quarter to hit a new all-time high price of $73,750. Despite a subsequent correction from this peak due to volatile price movements, major BTC stakeholders have continued to show a consistent pattern of accumulation in
The cryptocurrency market recently experienced a significant correction, with Bitcoin (BTC) being one of the most impacted digital assets. BTC’s price has dropped by approximately 6% over the past week, currently trading around $65,400 according to CoinGecko’s data. One possible reason for BTC’s increased volatility and decline could be attributed to long-term holders cashing out
Cardano (ADA), the proof-of-stake blockchain platform, continues to make significant progress in technological advancements, as reported by Input Output Hong Kong (IOHK), the engineering firm responsible for the Cardano blockchain. The recent announcement by IOHK highlights crucial improvements across various aspects of the platform, signaling further growth and development for Cardano. One area of notable
Discover the pros and cons of Dogecoin, from strong community support and lower transaction fees to limited development and uncertain long-term value. Explore the fascinating world of this popular cryptocurrency.
The recent allegations against major cryptocurrency exchange KuCoin and its founders for failing to implement anti-money laundering (AML) and know-your-customer (KYC) procedures have sparked controversy within the crypto community. This article will delve into the details of the accusations, the implications for KuCoin and its founders, as well as the impact on the cryptocurrency market.
In the realm of cryptocurrency, Bitcoin remains a key player that is closely scrutinized by experts and analysts alike. Doctor Profit, a renowned cryptocurrency expert, has recently shed light on specific regions that hold great importance for Bitcoin at this juncture. His insights have sparked optimism within the crypto community, hinting at a potential surge