Kraken Pays Over US$360K to US Treasury to Settle Iran Sanctions Allegations
U.S.-based cryptocurrency exchange Kraken has agreed to pay over US$362,000 to settle claims that it violated sanctions against Iran, the U.S. Treasury Department announced on Monday. The settlement represents the Treasury’s latest crackdown on the cryptocurrency industry. Crypto exchange Bittrex Inc. paid around US$30 million to the Treasury in October to settle allegations related to sanctions and anti-money laundering laws. (forkast)
Mark Cuban: If I Were Sam Bankman-Fried, I'd Be Afraid of Going to Jail for a Long Time
The billionaire owner of the NBA team Dallas Mavericks and a Stark Tank star, Mark Cuban, says that if he were the former FTX CEO Sam Bankman-Fried, he would be afraid of going to jail for a long time. “I talked to the guy and thought he was smart … I had no idea he was going to take other people’s money and put it to his personal use,” Cuban said. (Bitcoin.com)
Binance Moves Over $2Bn in BTC As Part of a Proof-of-Reserves Audit
Some crypto enthusiasts feared the worst after Binance moved 127,351 BTC to an unknown wallet. It was all part of an audit. According to a Tweet from Whale Alerts, the exchange pulled out more than 127,000 BTC in a single transaction, depositing the coins in an anonymous wallet address. (cryptopotato.)
Ethereum Isn’t WETH or stETH. But Jokes Still Move Markets
Bitcoin was recently trading at about $16,250, up the better part of a percentage point over the previous 24 hours but still below its weekend perch of $16,500. The largest cryptocurrency by market capitalization's resilience dovetailed with a wider slowdown in asset activity of all stripes as the U.S. celebrated its annual Thanksgiving holiday and a lull in bad news related to crypto exchange FTX's implosion. The latter pause ended with BlockFi's petition. (Coindesk)
Crypto Fraud in the UK Spikes by 32%: Report
The Terra-Luna ecosystem collapse in May caused a contagion that led to £33 million ($39.7 million) in reported losses.
Argentina To Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry
Argentina is preparing to revamp its anti-money laundering and terrorism financing law.
Report: Nigerian Crypto Exchange Quidax Cuts Its Workforce by 20%
Following the economic downturn around the world, we have had to make some tough decisions at Quidax.
Crypto Lender Blockfi Files for Bankruptcy Protection To ‘Maximize Value for All Clients’
On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital currency businesses dealing with significant financial hardships and bankruptcy proceedings in 2022.
Germany Has the Second Highest Concentration of ETH Nodes in the World
Germany operates one of the world’s largest networks of Ethereum validators, according to the 2022 German Blockchain report published by CV VC Labs.
Salvadoran Group Files Lawsuits Against President Nayib Bukele on Lack of Transparency in Bitcoin Purchases
Cristosal, a Salvadoran nonprofit human rights organization, has filed three lawsuits related to President Nayib Bukele’s management of public funds to purchase bitcoin. The processes are being run before several national and international bodies, and call for the government to offer information on these purchases.
