Rich Dad Poor Dad author Robert Kiyosaki has issued a cautionary statement regarding the possible downfall of the U.S. dollar in the event of the BRICS economic bloc launching a gold-backed cryptocurrency. Kiyosaki predicts a scenario where trillions of U.S. dollars flood back into the country, leading to hyperinflation and the eventual collapse of the […] Source CryptoX Portal
Turkey is preparing to present a new law to regulate crypto assets to Parliament. The legislation, aimed at aligning with international standards and reducing risks associated with crypto transactions, will enforce strict regulations on the licensing and operation of cryptocurrency trading platforms by the Capital Markets Board. It will also ensure the safe custody of […] Source CryptoX Portal
The U.S. Department of Justice (DOJ) has reportedly appointed a London-based consulting firm to serve as an outside monitor for Binance after the world’s largest crypto exchange pleaded guilty to violating US anti-money laundering (AML) regulations and sanctions laws. People familiar with the matter but wanted to remain anonymous say the DOJ has selected Forensic Risk Alliance (FRA) for the three-year monitorship of Binance over the previous frontrunner, New York-based law firm Sullivan & Cromwell, reports Bloomberg. One of the conditions of Binance’s plea deal in November is the appointment…
The U.S. District Court for the District of Columbia has ordered the forfeiture of 279 cryptocurrency accounts containing funds linked to alleged hacks of crypto exchanges by North Korean operatives. This measure is a component of a broader U.S. effort aimed at dismantling cyber operations that finance North Korea’s nuclear and missile initiatives. The decision […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Donald Trump, the presumptive Republican nominee for the 2024 presidential election, is working with Bitcoin Magazine chief executive officer David Bailey on a crypto policy agenda. In a May 11 post on X, Bailey stated that he has been working with Trump for a month on a so-called “comprehensive executive order” to be signed on “day 1.” “Day 1” also happens to be when Trump, according to comments made in Iowa back in December, plans to be a dictator. Trump later told Time that the remark was made “in jest.”…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. This is Part One of a three-part series interview with William Quigley, a cryptocurrency and blockchain investor and co-founder of WAX and Tether, conducted by Selva Ozelli exclusively for crypto.news. Part One is about Sam Bankman-Fried’s and Changpeng Zhao’s prison sentences. Part Two is about cryptocurrency and banking. Part Three is about the future of NFTs. 1) For the benefit of crypto.news readers, please tell us about…
Match Systems, a cybersecurity company specializing in Anti-Money Laundering (AML) services, blockchain forensics, and investigations, recently announced the recovery of $68 million in stolen crypto assets from Cryptex, a cryptocurrency trading platform established in 2016. The specifics of the recovery operation have not been disclosed. In a recent social media post, Match Systems further stated: […] Source CryptoX Portal
Veteran trader Peter Brandt has predicted a severe regulatory crackdown on cryptocurrency staking by U.S. regulators, including the Securities and Exchange Commission (SEC). “It’s going to be a bloodbath,” he warned, cautioning that he believes it is “illegal as hell” and will be “attacked with all-out vengeance.” ‘It’s Going to Be a Bloodbath’ Veteran trader […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Cardano (ADA) looks primed to make that move to the upside, with crypto analyst Javon Marks revealing what could make the crypto token see a 15x increase in its price. Marks’ analysis comes amidst recent price predictions, which paint a bullish outlook for Cardano. How Cardano Could See A 15x Increase In Its Price Marks mentioned in an X (formerly Twitter) post that ADA has shown “major progress since breaking the resisting trend.” The crypto analyst also noted that the crypto token attempted to move over 200% toward the first…
The crypto exchange Kraken is pushing back against claims made by the U.S. Securities and Exchange Commission (SEC). In November, the SEC charged Kraken with operating its crypto trading platform as an unregistered securities exchange, broker, dealer and clearing agency. Earlier this year, Kraken filed in US District Court to dismiss those charges, and the company provided additional arguments in support of that motion on Thursday. The exchange’s lawyers argue that the SEC’s argument would widen the definition of investment contracts and expand the regulator’s jurisdiction outside of its delegated responsibility.…