Following Russia’s invasion of Ukraine, the US Department of Justice (DOJ) has imposed sanctions to prevent financial institutions from facilitating Russian citizens. In recent actions, many financial companies, including crypto companies, have faced legal action by the US authorities resulting…
A new article has surfaced claiming that Binance employees and volunteers are helping Chinese users on how to bypass Know Your Customer (KYC) and other security protocols. However, speaking to Cointelegraph, a Binance spokesperson clarified that employees are “clearly prohibited”…
As several banks in the cryptocurrency industry fail, the importance of Bitcoin is on display when it ramps up and shuts down. This is an opinion editorial by Karen Shidlo, a content creator focused on blockchain. The recent news of…
El Salvador wants to eliminate taxes to spur technological innovation after becoming the first country in the world to make Bitcoin legal tender two years ago. Spurring Technology Innovation President Nayib Bukele announced on Friday that he will send a…
Cryptocurrency company Tether, which issues stablecoin USDT (USDT), expects to earn $700 million in revenue in the first quarter of 2023, matching the revenue in the last quarter of 2022, Tether’s chief technology officer Paolo Ardoino told Cointelegraph at Paris…
Crypto Fraud has become a problem in recent years, causing pain and loss to victims. A 60-year-old woman in Mumbai, India, was deceived from $29,243 by fraudster on matrimonial website. The woman retired from a private company and joined a…
Environmental group Greenpeace’s latest salvo against Bitcoin (BTC) is creating artwork to highlight its climate impact. However, the artwork has been widely praised by Bitcoiners, who want to use it as a mascot. On March 23, a group of climate…
A new study by the United States Treasury revealed that the introduction of central bank digital currency (CBDC) could destabilize the banking sector and also have the potential to improve household welfare. Earlier today, US lawmakers expressed their displeasure with…
Investment management firm Cathie Wood has returned to buying shares of Coinbase, just a day after COIN’s share price fell on news of Wells’ news. On March 23, ARK Invest bought 268,928 shares of Coinbase through ARKK Innovation and ARKW…
In addition to recently shutting down some banks, regulators are shutting down crypto companies that are allegedly doing illegal business. Bitzlato and the founder felt the power of the US Department of Justice when closing the exchange for allegedly processing…