The U.S. Department of Justice (DOJ) will target crypto exchanges that engage in or allow criminal activity, such as money laundering. Moreover, the illicit transaction rate has surged up to $20 billion in 2022, which is an increase of 40% from 2021. On Monday, the Financial Times reported that the
Coinbase has been quite vocal recently against US regulators. With the increased scrutiny of the crypto industry by the SEC, there has been regulatory uncertainty in the US. While crypto players have been demanding a fair game with clearer regulations, it seems to be a never-ending battle. According to the
The past week has been a rough ride for the crypto industry, with a series of unfortunate events leading to significant setbacks for some of the most prominent players in the market. From regulatory crackdowns to legal battles and price drops, here’s a roundup of what went down. Binance Shuts
Robinhood, the stock and crypto trading platform, released its Q1 2023 results on May 10. The trading platform stated that its cryptocurrency transaction revenue declined by over 1% and reached $38 million. At the same time, overall transaction revenue has increased by 11%. Moreover, the platform also increased its assets
On Tuesday, the world’s largest crypto exchange, Binance, expanded its support for the newly listed meme coins PEPE and FLOKI. Binance took the initiative of listing both PEPE and FLOKI in the Innovation Zone on May 5, and it was surprising to see them add PEPE and FLOKI to all
Encryptus, a leading cryptocurrency solutions provider, announced today at the Coindesk Consensus event the launch of industry leading payout product, which allows crypto exchanges, wallet providers, Web3, Gaming and other B2C crypto companies to off-ramp to Bank Wires, Mobile Wallets, Mobile Top-ups and Gift Cards with API’s. The payout network
Venmo, a digital payment service in the U.S. has come up with introducing crypto payments and transfers even from fiat currencies sooner in May. This announcement of Venmo was given in the press release by Jose Fernandez da Ponte of PayPal, the parent company on April 28. Dropping in to
Christy Goldsmith Romero, a commissioner at the U.S. Commodity Futures Trading Commission (CFTC), has expressed concerns that anonymity within the cryptocurrency market is enabling the commission of illegal activities. The top U.S. regulatory official, Christy Goldsmith Romero, has also stated that cybercriminals are using digital assets to finance their illicit
BitPay, a leading provider of cryptocurrency payment services, has announced a new offering that allows customers to buy gold from reputable dealers using Bitcoin (BTC) and other cryptocurrencies. This move aims to provide customers with an alternative way to hedge against volatility, diversify their portfolio, or simply own precious metals.
The Litecoin (LTC) blockchain has been making waves in the world of cryptocurrency, with its impressive computational strength and security. As evidenced by the stunning number of 783,119,893,335,823 beautiful hashes, LTC has become a force to be reckoned with in the realm of digital currencies. Unveiling the Computational Strength and
