Founders of Cryptocurrency Service Tornado Cash Face Money Laundering Charges Exceeding $1 Billion
An indictment, recently disclosed to the public, has revealed that Roman Storm and Roman Semenov, leaders of the Russian-based cryptocurrency entity Tornado Cash, face allegations of laundering upwards of $1 billion in illegal funds. The legal document claims that the two men, through Tornado Cash, systematically engaged in money laundering activities and contravened sanctions. Notably, […]
Residents In The UAE Will Soon Be Able To Trade Virtual Assets In The Dirham
It is expected that investors in the Emirates will conduct their business through their local bank account A partnership between UAE’s RAKBank and Kraken, a global digital asset exchange, will allow UAE residents to trade virtual assets in UAE dirhams using their local bank accounts. As the first global exchange to receive a full license […]
Sberbank Russia’s Biggest Bank Launched Sbercoin Cryptocurrency
As a result of the Russian invasion of Ukraine, several sanctions have been imposed, cutting off the country from the majority of its foreign currency reserves and the global financial system. Despite all this, Russia’s largest bank has announced plans to launch a cryptocurrency. During the Russian invasion, trading in Sberbank shares was halted in […]
SOLANA (SOL) Becomes Sixth-Biggest Cryptocurrency
Since last week, Solana has risen to become the sixth-largest cryptocurrency by market value on the Proof-of-Stake (PoS) blockchain. Despite a broader weakness in the crypto market, the coin climbed two spots on Thursday, passing Ripple (XRP) and Cardano (ADA). SOL’s price rose more than 17 percent in the previous week, and the token is […]
Cyworld Is Coming Back With The Launch Of Cryptocurrency called DTR
Cyworld, which was a dominant social network in South Korea prior to the emergence of Facebook, is set to reopen Saturday afternoon as a social networking tool allowing users to decorate their virtual spaces with cryptocurrency. Cyworld Z, which acquired Cyworld last year, announced on Monday that the once-mighty homegrown platform would be re-released at […]
Vitalik Buterin Co-founder Of Ethereum Is The Cover Of First-Ever NFT Issue Of ‘TIME Magazine’
TIME Magazine chooses Vitalik Buterin for the cover of its first-ever fully decentralized magazine. The Ethereum co-founder is arguably the most influential crypto personality today. With a trillion-dollar ecosystem rivaling that of Visa in terms of transaction volume, Ether, Ethereum’s native currency, is currently the second biggest cryptocurrency behind Bitcoin. The Ethereum blockchain is setting […]
Bybit Is Named As The Best Crypto Exchange At Crypto Expo Dubai 2022
Bybit, the fastest-growing cryptocurrency exchange in the world, continues to win accolades, becoming the Best Crypto Exchange as announced by Crypto Expo Dubai 2022. Since it last participated in CED six months ago, Bybit has doubled its user base and became the third most visited cryptocurrency exchange in terms of web traffic. Through this award, […]
BNY Mellon Is Launching A Cryptocurrency Custody Platform
It was launched by BNY Mellon (founded in 1784), the oldest bank in the US. The depository platform will launch at the end of 2022 and initially support BTC and ETH. In the future, other digital and tokenized assets will be added to the platform over time. For better risk management, the bank will also […]
Cryptocurrency Market Capitalization Plummeted By $200 Billion Following Russia’s Invasion Of Ukraine
Cryptocurrency market capitalization dropped by over 12% over the last 24 hours following Russia’s invasion of Ukraine. At the time of writing, the market capitalization of all cryptocurrencies is approximately $1.56 trillion, down from $1.77 trillion during the last 24 hours. Many of the largest, most established cryptocurrencies in the crypto industry are also strongly […]
A Surge In Short Bitcoin Liquidations Takes Btc To $43,000
Bitcoin’s price soared above $43,000 on Monday for the first time since 20 January, breaking the $800 billion mark for the most dominant crypto asset. A surge in the price of BTC resulted in bearish crypto traders losing around $125 million in the last 24 hours. According to Coinglass, approximately $60 million worth of short […]