A Binance executive from America was held hostage in Nigeria, facing a bribe demand of $150M. The officer, Tigran Gambaryan, stayed captive for 70 days and was charged with tax evasion and money laundering. His colleague escaped, but he got arrested near Prince Harry and Meghan’s tour location in Nigeria.…
This development follows Binance’s guilty plea to violating US money-laundering regulations and trade sanctions. Why DOJ Chose FRA Over Sullivan & Cromwell This appointment stems from a plea agreement that Binance entered last November. As part of the deal, Binance agreed to pay a substantial penalty of $4.3 billion. Furthermore,…
The International Monetary Fund (IMF) has recommended that Nigeria embrace the regulated use of digital assets by licensing international crypto exchanges. The watchdog made the proposal in its latest consultation report for Nigeria. The move aims to bolster the country’s economic stability while enhancing its status within the African crypto…
JP Morgan and Wells Fargo are the latest major global banks to disclose exposure to Bitcoin via some of the spot BTC exchange-traded funds launched in January. The two lenders filed their 13F disclosures on May 10, revealing a modest investment in the Bitcoin ETFs. JP Morgan disclosed $731,246 of…
The viral Ohio State University commencement speaker isn’t backing down, despite the negative attention his now-famous speech has received: Chris Pan believes in Bitcoin’s potential, he told Decrypt in an interview. And he thinks you should too. Why? Pan says that when his interest in Bitcoin was rekindled earlier this…
The average transaction fee on Ethereum has reached record lows as more activity moves to the Layer-2 (L2) networks on the chain. According to Ultrasound.money data, the average gas has dropped to 4.81 Gwei — the lowest level since the network completed the Merge event in 2022. Market observers attributed…
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports The developer behind Bitcoin’s Lightning Network has tested a protocol designed to enable stablecoins to be…
The United States Department of Justice (DOJ) appointed Forensic Risk Alliance (FRA) to serve as the outside monitor over the crypto exchange Binance, reports Bloomberg citing people familiar with the matter. FRA, a London-based providing services in forensic accounting and compliance consulting services, beat out Sullivan & Cromwell to take…
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Now that Bitcoin ETF hype has died off, the price trajectory of the leading crypto asset…
The U.S. derivatives agency approved a proposal to ban popular prediction market trading, with three of the five commissioners approving the proposed rule. The public will have 60 days to weigh in with comments on the potential rule. The U.S. Commodity Futures Trading Commission (CFTC) proposed a formal rejection of…