How Illicit Actors Use DeFi to Evade Anti-Money Laundering Regulations: A US Treasury Report Analysis
The U.S. Treasury warns about DeFi. But they acknowledge that the majority of money laundering, terrorist financing, and proliferation financing still take place using fiat currency or outside the realm of cryptocurrency. According to a recent report from the U.S....
Possible Collection of BTC Users’ IP Addresses by Mysterious Entity, Raises Concerns
According to a blog post by a pseudonymous Bitcoin app developer called 0xB10C, a mysterious entity has allegedly been gathering the IP addresses of BTC users since March 2018. The entity has reportedly used 812 different IP addresses to conceal its identity while...
The Potential Benefits for Montana with the Approval of Pro-Crypto Mining Bill
Recently, the Montana Senate passed a bill that aims to safeguard the interests of crypto miners operating within the state. The proposed law is currently being reviewed by the Montana House of Representatives and seeks to eliminate discriminatory regulations that...
Flash Loan Attack on Euler Finance Drains It of $195 Million
Euler Finance fell victim to a flash loan attack that resulted in the loss of more than $195 million in stablecoins and ERC-20 tokens. On March 13, Euler Finance, a noncustodial lending protocol based on Ethereum, was hit by a flash loan attack. This resulted in the...
Crypto Market Volatility: Impact of Silvergate’s Liquidation, KuCoin Lawsuit, and Powell’s Comments
Silvergate Capital Corporation has revealed that it will close its operations due to "recent industry and regulatory developments". The company confirmed that the liquidation of Silvergate Bank would involve the complete repayment of all customer deposits. This...
RBI Executive Director Reveals India’s Testing of CBDCs Offline Capability
Ajay Kumar Choudhary, the executive director of the Reserve Bank of India (RBI), has revealed that the recently launched digital rupee, India's in-house central bank digital currency (CBDC), is undergoing offline functionality testing. Apart from evaluating its...
SEC Crypto Regulator Is Not Doing Its Job, According to Kraken’s CEO
The CEO of Kraken, Jesse Powell, has accused U.S. regulators of enabling "bad actors" in the cryptocurrency industry to grow to an enormous size at the expense of legitimate players. In a recent tweet, Jesse Powell, present a personal idea about the true intentions...
Binance’s BUSD Might Be Labeled as Security by the SEC
The recent SEC lawsuit against Paxos over Binance USD (BUSD) has caused confusion and debate among the cryptocurrency community. The U.S. Securities and Exchange Commission (SEC) issued a wells notice to Paxos. They claim that BUSD is an unregistered security, which...
Binance Tax Is a Tool to Aid Crypto Investors During Tax Season
Binance, the cryptocurrency exchange, has introduced Binance Tax, a tax reporting tool, in preparation for the tax season. Binance Tax is a tool that helps users access information on their crypto activity to comply with local regulations. It allows users to download...
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