Following US crackdown, the founders of Crypto Mixer were detained and sanctioned.

In a decisive move, U.S. government authorities initiated a crackdown on the architects behind the virtual currency mixer Tornado Cash this Wednesday. This development transpired mere days subsequent to a…

Continue ReadingFollowing US crackdown, the founders of Crypto Mixer were detained and sanctioned.

Exchange of cryptocurrencies According to an SEC lawsuit, Binance mismanaged funds and violated securities laws.

In the crucible of legal scrutiny, the preeminent cryptocurrency behemoth, Binance, and its progenitor Changpeng Zhao stand accused of a litany of transgressions. The Securities and Exchange Commission (SEC) has…

Continue ReadingExchange of cryptocurrencies According to an SEC lawsuit, Binance mismanaged funds and violated securities laws.

With a court agreement with the SEC, Binance may carry on with its U.S. operations despite a fraud lawsuit

In a judicial accord sealed on a recent Saturday, the U.S. Securities and Exchange Commission (SEC) and Binance, the eminent juggernaut in the realm of cryptocurrencies, have inked an agreement…

Continue ReadingWith a court agreement with the SEC, Binance may carry on with its U.S. operations despite a fraud lawsuit

Following failures, Americans’ trust in banks has decreased, according to an AP-NORC survey.

In the realm of financial trust, a mere 10 percent of U.S. adults profess high confidence in the nation's financial institutions, marking a stark descent from the 22 percent reported…

Continue ReadingFollowing failures, Americans’ trust in banks has decreased, according to an AP-NORC survey.

Russian cryptocurrency founder is being detained, according to the Justice Department

An individual of Russian origin, Anatoly Legkodymov, credited with establishing a cryptocurrency exchange, purportedly transformed into a haven for the ill-gotten gains of illicit activities, finds himself in custody, as…

Continue ReadingRussian cryptocurrency founder is being detained, according to the Justice Department