Day: November 4, 2023

Analyst points to Coinbase’s future after disappointing quarter

Coinbase’s stock fell over 4% in after-hours trading following the release of the company’s third quarter earnings on Thursday, which showed declining revenue and profits compared to the previous quarter. Crypto enthusiast and Lumida Wealth Management CEO Ram Ahluwalla believes there is still a bull case for Coinbase, but the company needs to make some changes to unlock value and transform into “the next Square.” Ahluwalla points in a Nov. 3 Twitter thread, out that Coinbase’s top-line revenue declined along with the overall crypto market in Q3. He says the…

Sanctions Crypto Money Launderer Tied To Russian Elite

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In a significant move to combat sanctions evasion and illicit financial activities, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Ekaterina Zhdanova, a Russian national allegedly involved in laundering and transferring funds using crypto on behalf of Russian elites.  According to the announcement, the action aligns with the G7’s commitment to closing loopholes that allow Russian state actors, oligarchs, and proxies to exploit virtual currency to circumvent international sanctions. Crypto Money Laundering Exposed Under Secretary of the Treasury for Terrorism and Financial…

U.S. Treasury sanctions a money launderer tied to Russian elites

OFAC targets Ekaterina Zhdanova for laundering over $100m via crypto, evading sanctions for Russian oligarchs and aiding ransomware affiliates. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against Ekaterina Zhdanova, a Russian national implicated in significant money laundering operations involving cryptocurrencies. Zhdanova is accused of facilitating over $100 million in transactions for a Russian oligarch to the United Arab Emirates, as well as handling large sums for a Ryuk ransomware affiliate.  NEW!!! United States is sanctioning Ekaterina Zhdanova, a Russian national, for her…

Cardano grows 36% in the past two weeks, 6th in gainers

Cardano continues to report growth this week, currently sitting at number 6 for top gainers in today’s CoinMarketCap report. Santiment shows that the surge that has occurred this week comes alongside Cardano address activity and whale transactions being at the highest they have been in more than three months. Double digit growth The Nov. 2 post on X from Santiment, the behavior analytics platform for cryptocurrencies, Cardano, was reported to have grown 9% on Nov. 2 and 4.24% on Nov. 3, totalling 36% over the previous two weeks. Top Crypto Gainers…

Is Fantom (FTM) About To Explode Like Solana (SOL)? This Analyst Thinks So

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FTM, the native currency of the Fantom ecosystem, might be the next coin to follow and perhaps outperform Solana (SOL). This optimistic preview is by one technical analyst, “Magnate,” who, in an X post on October 3, said traders who missed the SOL rally may have a chance with FTM.  FTM likely to rally | Source: Magnate on X Solana Is Exploding: Reverses Post-FTX Losses At press time, SOL is trading at new 2023 highs and has reversed all post-FTX losses. Changing hands at $39 as of writing on November 3, the…