On Monday, Binance said it would suspend withdrawals and deposits for anybody using UK currency. The news came after the world’s largest crypto exchange’s banking partner in the UK, Paysafe, said it was abandoning crypto, at least as far as Binance was concerned.
Since Russia invaded Ukraine last year, cryptocurrency has played a surprisingly big role.
Blockchain investors in Japan rejoice. The Japanese subsidiary of bankrupt crypto exchange FTX announced that customers could begin withdrawing funds from their accounts beginning on Tuesday, after a months long freeze. FTX Japan customers are among the first to get their money back following the exchange’s global…
Do Kwon, the erstwhile CEO of Terraform Labs and its infamously unstable stablecoin Terra, now has another reason to remain on the lam. The U.S. Securities and Exchange Commission alleged he and his company transferred 10,000 bitcoin worth hundreds of millions of dollars out of the Terra/Luna project before it…
El Salvador, which has already lost tens of millions of taxpayer dollars on its authoritarian millennial president’s beleaguered effort to embrace cryptocurrencies, now says it plans to open a “bitcoin embassy” in Texas. The Central American country’s continued commitment to bitcoin comes despite last year’s crypto…
You’ve surely seen one...a big, orange eyesore shoved awkwardly into the corner of your local supermarket or perched ominously near the neighborhood gas station.
“Crypto? Oh, that’s right, cryptocurrencies. Those fake digital coins, right? I remember seeing them at last year’s Super Bowl. Larry David was in one. I thought that commercial was pretty funny. Say, how is that whole crypto thing doing?”
It’s 2023 and financial crimes and their consequences have officially come to cryptocurrency. Relatively new on the laundry list of blockchain-based offenses that can lead directly to jail: insider trading.
Tesla’s big, bold billion-and-a-half-dollar bet on bitcoin’s “long-term-potential” is starting to look more and more like a dud.
