The U.S. Treasury Department, in coordination with the UAE, has imposed sanctions on two Chinese nationals and a UAE-based company for their involvement in laundering millions in cryptocurrency for North Korea. This action underscores the U.S. commitment to countering financial networks that support North Korea’s illicit activities. The Treasury’s Office
ASIC filed a lawsuit in the Federal Court complaining that Binance is not focusing on its consumers’ protection. Based on the latest media release from its organization, more than 500 retail clients were misclassified and treated as wholesale clients. In the middle of a booming crypto market, Binance facing a
The Aave community is debating whether to cease its operations on Polygon, following concerns about the risk profile of bridged assets. This stems from a Dec. 13 proposal by Aave Chain founder Marc Zeller to revise risk parameters for Aave v2 and v3 on Polygon. Zeller’s proposal was prompted by
The cryptocurrency community has begun its holiday preparations with several events lined up for Christmas and the New Year. Amidst several giveaways, you might want to check out TheNewsCrypto’s Twitter for fun and exciting holiday events. Meanwhile, other members have begun discussions on how the crypto landscape would look like
Tokyo-listed Metaplanet Inc., often referred to as Japan’s MicroStrategy, has announced the issuance of its fourth series of ordinary bonds worth 4.5 billion yen (approximately $30 million). The proceeds from the bonds will be directed toward purchasing Bitcoin (BTC), continuing the company’s strategic reserve asset expansion. The bonds carry a
CyberKongz, a prominent NFT project, has announced that it has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), signaling potential enforcement action. The project expressed disappointment in the SEC’s stance, arguing that the regulator’s misunderstanding of blockchain technology has led to unfair accusations. CyberKongz has received
After estimating the value of Bitcoin to reach $160,000 in 2025, Matrixport released another report today. Based on its findings, Ethereum could regain its dominance in 2025. While other altcoins such as Solana, Hyperliquid, XRP stole the spotlight this bull run, Ethereum was just afloat and sustained its price rally.
Mark Longo, known as the “Squirrel Dad” and the owner of Peanut the Squirrel, has initiated legal proceedings against Binance, a leading cryptocurrency exchange. He asserts that Binance infringed on his copyright by using Peanut’s images and narratives without consent. Longo stated on X, “This is the first of multiple
Bitcoin (BTC) surged past the $106,500 mark during the early Asian hours, marking another significant milestone in its ongoing rally. The surge was fueled by a series of short liquidations, with approximately USD 151 million in positions being wiped out over the past 12 hours. The liquidations came amid a
In a recent blog post, Binance, the world’s largest cryptocurrency exchange, explored the evolving landscape of memecoins, delving into their growing cultural and financial significance within the crypto ecosystem. The exchange’s commentary reflects a deeper understanding of how these tokens, often dismissed as frivolous, are influencing Web3 adoption and reshaping
