Sui Network – a layer 1 blockchain – has gained significant traction since its mainnet launch in May. However, South Korean regulators believe the developers lied about several aspects of the token. According to the latest report by a local news agency, the director of the Financial Supervisory Service (FSC) said that an investigation will […]
FTX’s Total Customer Deposits Fall Below Balance!
The post FTX’s Total Customer Deposits Fall Below Balance! appeared first on Coinpedia Fintech News FTX’s customer deposits have fallen below its balance, according to an investigation by the University of Notre Dame’s accounting professor, Peter Easton. The investigation revealed that FTX’s acquisitions of Modulo Capital and investments in SkyBridge Capital and crypto miner Genesis […]
Cash is King for Terror Financing, Crypto Plays Negligible Role
Terrorism financing is primarily conducted in fiat, according to the latest findings from Chainalysis. This goes against the arguments often spouted by anti-crypto politicians and media regarding the role of cryptocurrencies in the activity. On October 18, blockchain analytics firm Chainalysis released a report detailing the role of cryptocurrency in terrorism financing—and data shows that […]
Tether Freezes 32 Addresses Linked to Ukraine and Israel Conflicts, Sparks DeFi and Anonymity Questions
Tether announced that it froze 32 addresses containing about $873K that were directly linked to illegal activities in the ongoing war between Russia and Ukraine and the recent conflict between Israel and Gaza that could spill over to Lebanon soon. Israel’s National Bureau for Counter-Terror Financing (NBCTF) has collaborated with different web3 firms like Chainalysis […]
Huobi Burns 1.9 Million HT Tokens in Q2 2023!
The post Huobi Burns 1.9 Million HT Tokens in Q2 2023! appeared first on Coinpedia Fintech News Huobi has announced that it burned 1,950,555 of its HT tokens in the second quarter of 2023 as part of its burning mechanism. The move is part of Huobi’s effort to continuously improve the openness and transparency of […]
Stéphanie Cabossioras, Director of Binance French, Step Down!
The post Stéphanie Cabossioras, Director of Binance French, Step Down! appeared first on Coinpedia Fintech News The director of Binance’s French operations has announced her decision to leave the company due to regulatory pressures from the French government. Cabossioras, who had a successful career in the French government before joining Binance in April 2022, was […]
Day 5 of Navratri: Importance of keeping your Crypto Secure
In our previous blog, we explored the concept of diversification and how you can pick the needles in a haystack in the context of crypto tokens. On the occasion of Day-5-Panchami, dedicated to the goddess of protection, let us explore the concepts of Crypto security and how you can keep your funds safe. The Crypto […]
Blockchain Enters the Fashion Industry: 5 Clothing Giants Accepting Crypto
The advent of cryptocurrency in 2009 kick-started a revolution in the world of digital payments. Slowly, more and more people began using blockchain for transactions. Today, nearly a decade and a half later, it has even led to several businesses — including retail fashion giants – accepting payments in the form of cryptocurrency. But who […]
Chainalysis says crypto usage for terror financing is ‘tiny fraction’ of overall volume
A recent report by Chainalysis has cast doubt on sensationalized claims regarding the use of cryptocurrency by terrorist organizations for financing. In the wake of a recent terrorist attack by Hamas in Israel, the report aims to correct misconceptions surrounding the role of digital currencies in funding terrorism. Dispelling misconceptions Chainalysis, a leading authority in […]
A look at how Avalanche fared in Q3
The period between July and September was marked by a decline in user activity and transaction fees on Layer 1 blockchain Avalanche.