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The Jack Dorsey-led payments firm Block Inc. says it is negotiating with New York state regulators to settle allegations over its Anti-Money Laundering (AML) and Bitcoin programs.Block said in a Feb. 24 filing with the Securities and Exchange Commission that its “continuing negotiations” with the Ne…
The origins of hawala Hawala is an informal, trust-based money transfer system that operates without banks or formal records.Hawala, the centuries-old money transfer system, is as fascinating as it is controversial. Originating from the Arabic word for “transfer” or “trust,” hawala operates on a s…
A US regulator has charged a Las Vegas man with allegedly defrauding over 400 investors out of $24 million through a misleading AI-driven crypto mining scheme, falsely promising lucrative fixed returns and a 100% money-back guarantee.“Mr. Kovar allegedly stole victims’ hard-earned money by making fa…
Gaorong Ventures, a prominent Chinese venture capital firm known for its early backing of internet giants in the country, has invested $30 million into the operator of Hong Kong’s largest licensed crypto exchange, HashKey Group, according to a Bloomberg report.The backing came at a pre-money valuati…
An AMA with Arbitrum offers a platform for usdx.money to showcase their stablecoin app's potential and how it integrates TradFi and DeFi. These discussions can highlight key features, foster transparency, and build community trust. While not guaranteed to cause a price increase, a successful AMA hig…
French authorities have expanded a probe into Binance, investigating alleged money laundering, tax fraud and other crimes at the crypto exchange from 2019 to 2024, according to a Tuesday report from Reuters.Binance has denied the allegations, telling CoinDesk in an emailed statement that it will “vi…
Cryptocurrency exchange Binance has come under scrutiny from governments in multiple countries in recent years, with authorities in France launching the latest legal challenge. On Jan. 28, authorities in France reportedly opened an investigation into the exchange over allegations of money laundering…
Arthur Hayes predicted a dramatic crash in Bitcoin’s value but claimed that it would rebound to a new all-time high by the end of the year.The majority of his arguments were unrelated to today’s DeepSeek-related market turmoil, but he claimed that these events could serve as a catalyst.Arthur Hayes …
An apparent leak of the latest software code behind Elon Musk’s X has sparked rumors that “X Money” — the name for its payments system — could launch "at any second now.”X has been working to obtain money transmitter licenses across the United States for X Payments LLC, securing licenses in 39 state…
Switzerland’s Financial Market Supervisory Authority (FINMA) has raised concerns about increasing money laundering risks in the crypto sector. The warning, detailed in FINMA’s 2024 Risk Monitor report, highlights the growing misuse of digital assets like cryptocurrencies and stablecoins for illicit …
The battle for market dominance between SHIB and DOGE shows no signs of cooling as smart money investors turn their focus to promising newcomers. While SHIB and DOGE vie for attention, savvy traders are eyeing Lunex, currently in presale stage 5, as the best crypto to buy right now. Lunex’s presale …
Roman Sterlingov received a 12-year prison sentence for money laundering. He operated Bitcoin Fog, laundering over 400 million dollars in digital assets. Continue Reading:Roman Sterlingov Receives 12-Year Prison Sentence for Crypto Money Laundering The post Roman Sterlingov Receives 12-Year Prison S…