Category: ICO

FinCEN Is Analyzing $165M in Transactions That May Tie Crypto and Hamas, Senior Official Says

“These updates could clarify, and potentially expand, coverage of new entities in the virtual asset ecosystem that may be operating in areas of actual or perceived ambiguity with respect to their [Bank Secrecy Act] obligations,” he wrote. “A final proposal would explicitly provide Treasury’s Office of Foreign Assets Control the authority to deploy secondary sanctions, an impactful and flexible tool, against virtual asset firms doing business with sanctioned entities.” Source

Bitcoin (BTC) Price Could Drop 20% After Massive Rally But Uptrend Will Resume, Analyst Says

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U.S. Attorney’s Office Files Civil Forfeiture Action to Return $2.3M in Crypto Tied to 37 Scam Victims

The cryptocurrencies – which includes nearly 300,000 (USDC), 1.5 million (USDT), 102,000 (TRX), 3,000 (SOL), and 14,000 (ADA) – were seized from two Binance accounts in January, following an investigation last spring into a “pig butchering” scam targeting a Massachusetts resident. The victim of the scam was tricked into forking over $400,000 to the scammers, who transferred the funds to other wallets that investigators then connected to funds from the other 36 victims. Source

Solana Meme Coin WIF Flips FLOKI After 35% Price Gain

WIF also toppled floki (FLOKI) as the fourth largest meme token by market capitalization, reaching a $2.6 billion market value months after its launch, Messari data shows. WIF is currently the 52th most valuable token among all cryptocurrencies, while the largest meme coin DOGE is the 10th with a 24 billion market cap. Source

Judge Rules Against Gemini, Genesis Motion to Dismiss SEC Case Against Earn Product

Gemini Earn was first available to retail customers in February 2021, offering as much as 8% interest on crypto tokens invested through the program. According to the SEC’s complaint, Gemini Earn had approximately 340,000 retail users and $900 million in assets on its platform when, in November 2022, Genesis halted withdrawals, citing “withdrawal requests which have exceeded our current liquidity.” Source