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Bitcoin Worth $50 Million Seized From Crypto Launderer
Authorities supported by Europol have taken down a major crypto launderer and seized 1,909 Bitcoin worth almost $50 million.
Europol announced through a press release that they had dismantled ChipMixer, one of the world’s largest crypto…
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Do Kwon wanted, funds paid, hedge stuck on FTX
About one year ago, on March 14, 2022, cryptocurrency trader GiganticRebirth (GCR) invited the co-founder and then-CEO of Terraform Labs, Do Kwon, to bet $10 million that in a year the price of Terra Luna (LUNC) would be lower than its…
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Formfunction to shutter marketplace amid Solana NFT slump
Formfunction, a Solana (SOL)-based, nonfungible token (NFT) marketplace, has announced it is closing up shop after only 13 months of operation amid a slump in Solana NFT prices and trading volumes.On March 15, Formfunction announced it…
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India, UAE Collaborate to Boost Cross-Border Central Bank Digital Currency Transactions – Regulation…
India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade.…
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‘Bond King’ Jeffrey Gundlach Says Incoming Rate Hike Will Be The Last
Jeffrey Gundlach – an American businessman and Founder of DoubleLine Capital – thinks the US Federal Reserve will raise interest rates by 25 basis points next week.
According to him, this will be the last hike,…
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Signature Bank and former executives sued by shareholders for alleged fraud
On March 14, a class action lawsuit was filed against the recently shut down, crypto-friendly, New York-based Signature Bank and former chief executive officer Joseph DePaolo, chief financial officer Stephen Wyremski, and chief operating…
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MetaMask addresses privacy concerns with new features for enhanced control
Web3 wallet app MetaMask has introduced a number of new features aimed at enhancing privacy and giving users more control, according to a March 14 blog post by the developer. The new features come after MetaMask had previously been…
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Signature Bank investigated for money laundering prior to demise: Report
The cryptocurrency-friendly Signature Bank was reportedly being investigated by two United States government bodies prior to its collapse. According to a March 15 Bloomberg report citing people familiar with the matter, investigators…
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US banking system outlook downgraded to ‘negative’ following recent bank failures
Credit rating agency Moody’s has recently downgraded its outlook on the entire United States banking system from “stable” to “negative.” The move comes in light of the recent failures of Silicon Valley Bank, Silvergate Bank and Signature…
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Binance to lose its British pound on- and off-ramp provider in 9 weeks
Binance is scrambling to find a new service partner to process British pound transfers on its trading platform after its current partner, Skrill Limited, announced it would soon cease providing services to the crypto exchange. Binance…
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