Author: CryptoHoppers
The Justice Department named Forensic Risk Alliance as Binance’s outside monitor after it pleaded guilty to violating U.S. money-laundering regulations and trade sanctions. According to sources who requested anonymity due to the confidentiality of the matter, the Forensic Risk Alliance (FRA) was selected over Wall Street law firm Sullivan & Cromwell and several other top contenders. Neither the Justice Department nor spokespeople for Sullivan & Cromwell or FRA provided immediate comments. The monitor appointment was a stipulation of Binance’s November plea agreement. The world’s largest crypto exchange also consented to pay $4.3 billion in penalties. Binance’s founder, Changpeng Zhao, pleaded…
Share this article ARK Invest and 21Shares have amended their S-1 form for the proposed spot Ethereum exchange-traded fund (ETF) by removing the staking component, as shown in a filing dated May 10.In February, the two firms updated their filing with the option to stake Ethereum, in addition to cash-only redemption. Staking is considered a good way for fund managers to profit from the large amounts of crypto that ETFs can hold beyond just earning management fees.However, at the time, experts suggested that ARK Invest’s staking proposal for Ethereum was more of a “probe” to test the Securities and Exchange…
Following the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent regulatory overreach that makes it prohibitive for financial institutions to hold customers’ digital assets. Critics, including House Financial Services Committee […] Source link
May brings a series of pivotal events that could significantly influence the trajectory of Bitcoin and the broader crypto market. These events, ranging from regulatory decisions to economic indicators, appear capable of profoundly swaying market dynamics. Regulatory And Economic Indicators On The Horizon This month is marked by crucial dates, starting with a significant meeting involving Federal Reserve Chair Jerome Powell. His upcoming press conference today is particularly noteworthy, following recent economic data showing a dip in consumer confidence amidst persistent wage pressures. In his previous addresses, Powell has highlighted ongoing challenges in curbing inflation and the “robustness” of the…
CYNDICATE enhances personal development, merging traditional growth strategies with blockchain technology. The ongoing private sale offers early adopters exclusive benefits, fostering a thriving community focused on mutual success and empowerment.Exploring New Levels of GrowthAt the time when self-improvement aligns with cutting-edge technology, CYNDICATE is right there to help those who are eager for personal success. This developing lifestyle brand combines the timeless process of personal development with the productive power of blockchain technology. The project offers a unique platform for like-minded individuals to connect, grow, and prosper.Unique Blend: Blockchain Meets Self-ImprovementCYNDICATE is a community that makes up an entire movement…
Cryptocurrency trading is increasingly gaining popularity day by day. Its prime attraction lies in its extreme profit potential. There is a popular allegation that cryptocurrency traders are becoming too blind to see the downsides of crypto trading, lost in their overconfidence about their capability to make huge profits through this trading. A fact that can explain this ignorant attitude of crypto traders is that the human brain may ignore negative thoughts against the positive background. To become truly successful, a crypto trader should train him or her to ensure that he or she doesn’t fall victim to his or her…
Michelle Murphy, 58, from Bedford, Texas, has been sentenced to nine years in federal prison for attempting to hire a hitman using bitcoin to kill her boyfriend’s lover. Charged in September 2023 and pleading guilty in December, Murphy used the dark web to orchestrate the crime, paying $10,510 in bitcoin. The transaction was traced through […] Source link
Chainalysis, the blockchain intelligence platform, has launched its headquarters for Southern Europe, Middle East, Central Asia, and Africa in Dubai. The company aims to recruit skilled professionals specializing in traditional finance, regulatory compliance, and Web3.0 technologies to operate from its Dubai headquarters. As per the press release, this move follows three years of exponential growth in the region for the company, as it has established itself as the leading provider of crypto investigation, Web3 growth, and crypto risk solutions to government and private sector entities. Chainalysis provides data, software, services, and research to government agencies, virtual assetservice providers, financial institutions,…
FTX’s new compensation plan faces opposition as creditors demand repayments based on current asset values, not bankruptcy figures. The post FTX creditors seek repayments at current market rates appeared first on Crypto Briefing. Source link
Standard Chartered Bank predicts that a second term for the Trump administration would create a favorable regulatory landscape, leading to a positive outlook for the crypto sector. The bank has revised its forecast citing improved market sentiment after cautioning that bitcoin’s price could drop to the $50K range. Standard Chartered on Trump and Crypto Standard […] Source link