Coinbase: Bulk data reporting in cryptocurrency mixing rules is unreasonable
Coinbase claimed that the U.S. Treasury Department’s proposal contained insufficient measures and resulted in an inefficient use of compliance resources.
JinseFinanceCoinbase claimed that the U.S. Treasury Department’s proposal contained insufficient measures and resulted in an inefficient use of compliance resources.
JinseFinanceSouth Korea considers sanctions on cryptocurrency mixing services in response to global concerns over illicit activities. The regulatory framework is in early stages, emphasizing the ongoing efforts to ensure the integrity of the cryptocurrency ecosystem.
Cheng YuanThe SEC's Twitter hack caused chaos in the crypto community, leading to a short-lived surge in Bitcoin prices. Despite the humor, the incident had severe consequences for traders liquidated due to fake news. It highlighted the vulnerability of the crypto market to misleading information and underscored the influence of media in shaping the narrative in the blockchain space. The turmoil prompted a reevaluation of trust in both Twitter and financial regulation, along with speculations about Elon Musk's involvement. Overall, Bitcoin remains resilient, unaffected by temporary fluctuations.
Cheng YuanSince 2017, Binance has been striving to obtain a phased 'partially legal' status in certain global regions through diplomacy, acquisitions, joint investments, philanthropic funding, and other means.
CaptainXBinance and CEO Zhao Changpeng admit intentional violations, facilitating billions in unregulated crypto transactions. Zhao resigns as CEO, faces potential 18-month sentence. Legal battles continue over sentencing and extradition. Binance.US claims independence from Zhao's governance.
CaptainXBinance faces $34 billion in fines from FinCEN and $9.68 billion from OFAC for not reporting over 100,000 suspicious transactions involving terrorism, ransomware, child exploitation, and other illegal activities. Future penalties and strict regulations may impact Binance for the next five years.
CaptainXCrypto Sleuth ZachXBT has unveiled that an entity conducted a sizable transfer, about 4,800 BTC, from the depths of the Abraxas darknet market to a Bitcoin mixer.
CatherineWith the floor price of a staggering 153.7ETH at one point, BAYC has sunk to a 30ETH low. Many celebs, notably Justin Bieber, saw their once-highly priced token, take a nosedive as the NFT market is seemingly in a lull.
CatherineHackers appear to have turned down a $1 million bounty offer from the Harmony team to return $100 million stolen from the Horizon Bridge token bridge.
Cointelegraph