Binance, once a prominent player in the cryptocurrency world, is now facing the consequences of its actions. In November 2023, the company and its former CEO, Changpeng Zhao (CZ), pleaded guilty to charges of money laundering and sanctions violations. This marked a turning point in Binance’s trajectory, leading to a plea deal that would have
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Recent reports reveal that the US Security and Exchange Commission’s (SEC) Office of Inspector General (OIG) is currently investigating cryptocurrency-related financial conflicts of interest. Empower Oversight, an accountability group, brought attention to the matter, highlighting concerns regarding the failures of the SEC’s Ethics Office and a former official, William Hinman. Allegations suggest that Hinman engaged
Recently, Hayden Adams, the founder of Uniswap, took to social media to warn the crypto community about a new wave of scams targeting users through deceptive user interfaces (UIs) in crypto wallets. Adams highlighted how scammers are using fake clones of Ethereum Name Service (ENS) domains to trick users into sending funds to the wrong
In a recent testimony to Congress, Undersecretary for Terrorism and Financial Intelligence at the US Department of the Treasury, Brian Nelson, challenged widely held beliefs about the role of cryptocurrencies in funding terrorist activities. Nelson’s insights during the House Financial Services Committee hearing painted a picture starkly different from previous reports, particularly concerning the involvement
The highly anticipated verdict in Changpeng Zhao’s court battle with the United States government has been delayed, much to the disappointment of many. CZ, the former CEO of Binance, found himself in hot water after pleading guilty to violations of AML procedures. As part of his agreement to remain out of custody until his sentencing,
Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), recently addressed lawmakers regarding a breach of the SEC’s X account. This breach occurred on Jan. 9 when an unknown actor performed a SIM swap attack on the SEC’s X account and published a false message claiming that the SEC had approved several
Charles Hoskinson, the co-founder of Cardano, recently shared his thoughts on the state of the crypto industry and the future of the Cardano network. He likened Cardano to the “Taylor Swift of Blockchains,” highlighting the network’s unique position and approach in the industry. According to him, Cardano has been “doing everything right” from the beginning,
The cryptocurrency market, particularly Bitcoin (BTC), has seen a recent surge in price, with BTC gaining by 4.04% in the last day to trade above the $48,000 mark. As investors and market experts speculate on the token’s next move, popular analyst Ali Martinez has made a major prediction that could have significant implications for many