Tag: Exchange

Officials From the US and UK Investigate Crypto Transfers to Russian Exchange Valued at $20,000,000,000: Report

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Authorities from the US and UK are reportedly investigating $20 billion worth of crypto assets sent to a Russian crypto exchange platform. According to a new report by Bloomberg, anonymous sources familiar with the incident say that officials from the US and UK are looking into the matter as part of a crackdown effort against those evading sanctions to support Russia and Russian President Vladimir Putin. The report says that the digital assets in question flowed through Moscow-based crypto exchange Garantex as the stablecoin Tether (USDT). However, Garantex was already…

US, UK Probe $20B Crypto Transfers Linked to Russian Exchange

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Authorities from the US and the UK are investigating cryptocurrency transactions traversing Russian exchanges. Recent revelations suggest that over $20 billion in crypto transfers have been flagged for investigation. According to a report by Bloomberg, the suspicions revolve around Moscow-based Garantex and its use of the Tether cryptocurrency. At the center of the scrutiny is Tether, a dollar-pegged stablecoin. The sizable volume of transactions sent through Garantex using Tether has raised red flags, prompting regulatory bodies to delve deeper into potential sanctions evasion and illicit financial activities. Tether Holdings, the…

Low-Cap Altcoin Soars Over 100% in 24 Hours Amid Partnerships and Perpetual Contract Listing on Top-10 Exchange

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A little-known altcoin has doubled up over the last 24 hours amid new partnerships and perpetual contract listings. New information reveals that data exchange digital asset REI Network (REI) – which aims to be a feeless Web3 protocol – is trading for $0.280 at time of writing, an increase of about 103% during the last day. The crypto’s rise in price coincides with its announcement of numerous collaborations with other crypto and tech firms, such as OpenTaskAI, an artificial intelligence (AI)-focused global marketplace that connects businesses and freelancers. “[REI Network]…

Crypto Exchange OKX Pays €304K in Malta for Compliance Failures

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Okcoin Europe, the European branch of the cryptocurrency exchange OKX, recently received a €304,000 fine from the Malta Financial Services Authority (MFSA) for failing to comply with local laws related to virtual assets. According to the MFSA, when determining the amount of the fine, ot took into account the fact that OKX representatives cooperated with the regulator. However, no detailed information was provided regarding the specific violations. OKX Faces Financial Penalty in Malta OKX, which has been operating in the Maltese market since 2018, is one of the largest entities…

Crypto Exchange OKX Quietly Settled ‘Failings’ Related to Okcoin With Malta Financial Services Authority (MFSA)

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“On 22 January 2024 the MFSA agreed to settle pending matters with the Company after demonstration of goodwill by the Company,” the regulator said. “Additionally, the Company and the MFSA have also agreed on a number of measures, including the appointment of an independent third-party service provider, to inter alia, review the adequacy of the Company’s governance arrangements.” Source

Bitcoin Held On Coinbase Exchange Reach 9-Year Low, Can Bitcoin Reach $75,000?

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In a recent development, data from crypto analytics firm Glassnode shows that the amount of Bitcoin held on Coinbase has reached a 9-year low. This has raised the possibility of the flagship crypto rising to a new all-time high (ATH) of $75,000 soon enough.  BTC Held On Coinbase Drops Significantly  According to Glassnode, the Bitcoin balance on Coinbase dropped to a nine-year low of 344,856 on March 18. This suggests that Bitcoin investors are choosing to move their holdings off exchanges and hold for the long term rather than sell…

Crypto Exchange Kucoin and Founders Charged With Bank Secrecy Act and Money Laundering Violations

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The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws. Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering Failures Damian Williams, the United States Attorney for the Southern District of New York, detailed the charges against Kucoin, accusing the […] Source

Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. Charges

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Derivatives Exchange Intent X Integrates Orbs Liquidity Hub to Enhance Liquidity for Users

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IntentX, a decentralized perpetual exchange, announced its partnership with Layer 3 network Orbs to integrate the latter’s Liquidity Hub. Orbs Liquidity Hub will serve as IntentX’s main spot engine, allowing users access to spot orders and the perpetual contracts marketplace. Orbs Liquidity Hub is a DeFi infrastructure platform that operates above automated market makers (AMMs). It sources liquidity from on-chain and off-chain to help with the problem of fragmented liquidity across DEXs. The platform aggregates all of the deployed chain’s liquidity and allows DEXs to tap into external liquidity sources…

London Stock Exchange Sets May 28 for Crypto ETN Trading Commencement

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The London Stock Exchange (LSE) has designated May 28 as the start date for trading in Crypto Exchange-Traded Notes (ETNs). Only professional investors will have authorization to engage in trading activities related to these ETNs. ETN issuers have until April 15 to submit their plans, ensuring eligibility for trading commencement in May. The LSE decided to commence trading on May 28 after careful consideration. It allows sufficient time for ETN issuers to meet the requirements outlined in the Crypto ETN factsheet. Additionally, it provides issuers planning to admit securities on…