Kraken, a cryptocurrency exchange based in the United States, has just resolved with the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) for alleged breaches of sanctions against Iran. The settlement is for $362,158.70. The agency stated: “Due to Kraken’s failure to timely implement appropriate geolocation tools,
November 29, 2022 2 mins read
The government of El Salvador has upped the ante on its crypto endeavors by establishing a National Bitcoin Office (ONBTC) to monitor and direct all national Bitcoin-related activities. The new organization will be able to collaborate with counterparts in other nations on BTC-related topics. While the cryptocurrency market has been
November 28, 2022 1 min read
The ultimate responsibility is now on SBF’s political contributions, despite predictions from experts that he would likely face prison time for misusing crypto cash. Sam Bankman-Fried’s contributions to the U.S. Midterm Election 2022 made news in the first week of November, just days before the FTX collapsed. SBF was reportedly
November 28, 2022 2 mins read
Consensys, the New York-based blockchain software business and creator of MetaMask, the most popular Ethereum wallet, stunned the crypto industry and particularly proponents of decentralization with the new amendments made to its privacy policy. Edward Snowden is one of the most important advocates for privacy. Proclaimed it to be a
November 26, 2022 2 mins read
Kraken’s CEO, Jesse Powell, recently stormed out over Binance, calling the exchange’s proof of reserves useless due to the absence of “proof-of-liabilities.” The bankruptcy papers of FTX’s clients revealed that FTX had leased out a significant portion of their assets before the exchange’s insolvency. Leading exchanges have been rushing to
November 26, 2022 2 mins read
The WEMIX token, used on the WEMIX gaming platform, has been delisted from many major South Korean cryptocurrency exchanges. The cryptocurrency venture recently disclosed that it was receiving funding from corporations including software giant Microsoft. Furthermore, the token’s delisting date was declared by the Digital Asset Exchange Joint Consultative Body,
November 25, 2022 1 min read
The inaugural Sports Report from DappRadar, the global dapp store, focuses on the growing usage of Web3 projects and apps in the world of sports and how they may significantly improve fan experiences. Web3 is bringing together millions of people from all over the world via a variety of sponsorships,
November 24, 2022 3 mins read
According to a filing with the SEC, Brendan Blumer, CEO of Block.one, which created the EOSIO blockchain platform and EOS, has acquired a stake in Silvergate Capital, the parent company of Silvergate Bank, a crypto-fiat gateway network tailored to the needs of financial institutions. Moreover, the paperwork, dated Nov. 23,
November 24, 2022 1 min read
The newest update is that Singaporean authorities are looking into allegations of fraud and deceit against cryptocurrency lender Hodlnaut Pte. The struggling crypto lender’s operations have been strained along with the rest of the market in this crypto winter. With the collapse of the Terra ecosystem earlier this year, Hodlnaut
November 24, 2022 2 mins read
During the bankruptcy proceedings, the lawyer for FTX claimed that much of the company’s assets had been stolen or vanished. Unfortunately, the FTX debtors were not adequately governed, according to attorney Bromley. The attorney said the FTX case was “unprecedented” in his opening statement. He further claimed that Sam Bankman-Fried
November 23, 2022 1 min read