Bitzlato Founder Arrested in Miami: Anton Shkurenko Disputes Money Laundering Allegations
Anton Shkurenko, co-founder of Russian crypto exchange Bitzlato, was recently arrested in Moscow after U.S. and E.U. authorities accused him of money laundering. Shkurenko denies the allegations and claims he was only stopped for an ID check. Blockchain research firm Chainalysis reported that Binance, the world's largest crypto exchange, processed $345.8 million worth of bitcoin (BTC) transactions for Bitzlato....
NYDFS Investigates Paxos Stablecoin Issuer
The New York Department of Financial Services (NYDFS) is investigating Paxos, a stablecoin issuer. Paxos’ stablecoins include the Pax dollar (USDP) and Binance USD (BUSD), a Binance-branded stablecoin offered through a white-label service. The full scope of the investigation is unknown, but it is believed to be related to the company's compliance with New York state regulations. This news...
Kraken Settles with SEC, Liquid Staking Tokens Surge
Kraken, a U.S.-based crypto exchange, has settled with the U.S. Securities and Exchange Commission (SEC) to sunset its crypto staking service. This news caused the governance tokens of the largest liquid staking protocols to surge. Lido Finance, the largest liquid staking protocol with $8.4 billion of staked ether (ETH), saw its LDO governance token jump 10.4% in an hour....
“DeFi: Revolutionizing Financial Transparency and Autonomy”
Decentralized finance (DeFi) is revolutionizing the financial industry with its speed, autonomy and transparency. However, the industry has been plagued by numerous crypto scandals in the last year, most notably the collapse of the FTX crypto exchange, which highlights the susceptibility of centralized organizations to fraud. DeFi's inherent advantages of trustless technology can help prevent such fraud, but only...
Mason Rothschild Wrong With MetaBirkins NFT Project: Expert
Mason Rothschild was wrong with his MetaBirkins NFT project, according to Olta Andoni, Chief Compliance Officer at financial firm Enclave Markets. Andoni, an adjunct professor of law at the Chicago Kent College of Law, believes that Rothschild was attempting to benefit economically from the reputation of Hermès, the luxury fashion house. He believes that Rothschild was not being transparent...
What is Ethereum?
Ethereum to give users more control of their finances and online data. Ethereum is sometimes referred to as “world computer” and aims to hand control back to users with the help of a blockchain, a technology that decentralizes data so that thousands of people around the world are handed a copy. Developers can use Ethereum to build leaderless applications,...
13,000 Ordinals NFTs Identified on Bitcoin Blockchain
BitMEX Research has identified over 13,000 Ordinals NFTs on the Bitcoin blockchain, indicating a growing interest in this new flavor of non-fungible tokens. The firm's research arm published a blog post on Wednesday showing that 13,000 Ordinals were minted or “inscribed” between their debut on Dec. 14 and Feb. 7. This is a testament to the increasing popularity of...
Liquid Staking Tokens Surge on US Regulatory Rumors
Liquid staking tokens surged overnight as investors speculated on the growth of decentralized staking products. This comes amid rumors of a possible ban on centralized staking products in the U.S. CoinGecko data shows that the liquid staking sector rose 5.4% on average, while the broader crypto market capitalization dropped 3.4%. Market leader Lido's token jumped 9%, while Rocket Pool's...
What is Bitcoin?
Bitcoin is the world's first successful decentralized cryptocurrency and payment system, launched in 2009 by a mysterious creator known as Satoshi Nakamoto. Bitcoin is a digital asset secured and verified using cryptography, and transactions are stored on computers distributed all over the world via blockchain technology. Bitcoin can be divided into smaller units called satoshis and used for payments,...
Lido Governance Token Surges on SEC Staking Ban Rumors
The governance token for the liquid staking platform Lido has surged on rumors boosted by Coinbase CEO Brian Armstrong that the Securities and Exchange Commission (SEC) might ban staking for retail customers. LDO, the governance token of the decentralized autonomous organization behind Lido, surged around 11% in response to Armstrong's comments, and is up around 8.4% in the past...
