Crypto

KPMG and Chainalysis Partner to Enhance Crypto Fraud Detection and Compliance

KPMG in Canada and Chainalysis have entered into a strategic partnership aimed at strengthening efforts against crypto asset fraud. This alliance, marking KPMG’s entry into the Chainalysis Solution Provider program, is focused on providing enhanced monitoring and risk management tools for cryptocurrency exchanges, financial institutions, and government agencies. The announcement on Wednesday details that the […]
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Cryptocurrency
22 Nov 2023

U.S. Treasury calls $3.4B Binance resolution FinCEN’s largest settlement in history

The U.S. Department of the Treasury published its comments on settlements with Binance and related parties in a statement on Nov. 21. Secretary of the Treasury Janet Yellen said: “Binance turned a blind eye to its legal obligations in the pursuit of profit. Its willful failures allowed money to flow to terrorists, cybercriminals, and child […]
The post U.S. Treasury calls $3.4B Binance resolution FinCEN’s largest settlement in history appeared first on CryptoSlate.
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Cryptocurrency
22 Nov 2023

Binance Sees $1.7 Billion in Withdrawals Post DOJ Settlement, Nansen Reports Decline in Crypto Reserves

Following the settlement with the U.S. Department of Justice (DOJ), Binance, the world’s leading crypto exchange by trading volume, has experienced a significant withdrawal of approximately $1.7 billion in digital assets, as reported by Nansen, a blockchain analysis company. This substantial outflow of funds from Binance occurred shortly after the settlement. As of the latest […]
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Cryptocurrency
22 Nov 2023

Hester Peirce says SEC shouldn’t block spot Bitcoin ETFs, speaks on Binance resolution

Commissioner Hester Peirce of the U.S. Securities and Exchange Commission (SEC) commented on pending spot Bitcoin ETFs to Bloomberg on Nov. 22. Peirce said that, although she cannot comment on currently active ETF proposals, she is open to approving such a product. She said: “I’ve been very transparent that I’ve thought for many years now […]
The post Hester Peirce says SEC shouldn’t block spot Bitcoin ETFs, speaks on Binance resolution appeared first on CryptoSlate.
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Cryptocurrency
22 Nov 2023

Imminent Bittrex Global closure triggers $10k Bitcoin premium on platform

Bittrex Global’s imminent closure has led to Bitcoin (BTC) trading at a substantial premium exceeding $10,000, data from its website shows. The exchange’s BTC/US Dollar pair surged to $46,300 before retracing to $44,613 as of press time, significantly surpassing the current average price of $36,450 on major platforms like Binance and Coinbase. Data from Tradingview […]
The post Imminent Bittrex Global closure triggers $10k Bitcoin premium on platform appeared first on CryptoSlate.
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Cryptocurrency
22 Nov 2023

Binance’s American VIPs: A Revealing Look at High-Net-Worth Influence Amid DOJ Settlement

On Tuesday, charges against crypto exchange titan Binance Holdings Limited were revealed by the U.S. Department of Justice (DOJ), which reached a significant $4.316 billion settlement with the world’s largest crypto exchange for noncompliance with anti-money laundering (AML) laws. Despite Binance’s 2019 claims to bar U.S. users, prosecutors asserted the firm persisted in providing market […]
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Cryptocurrency
22 Nov 2023

Ripple CLO optimistic following Binance settlement, lambasts SEC’s ‘juvenile behavior’

Ripple Chief Legal Officer Stuart Alderoty believes the recent resolution of anti-money laundering violations by Binance via a settlement with the U.S. Department of Justice (DOJ) is a significant step towards aligning the crypto industry with essential legal and safety standards. Alderoty noted in a series of tweets that major banks have previously undergone similar […]
The post Ripple CLO optimistic following Binance settlement, lambasts SEC’s ‘juvenile behavior’ appeared first on CryptoSlate.
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Cryptocurrency
22 Nov 2023

Celebrating Kaspa’s 2nd Birthday: $1M Airdrop Campaign With OKX, Coinpal.io

PRESS RELEASE. Massachusetts, USA, November 22nd, 2023, Chainwire. Kaspa, the revolutionary open-source, decentralized, and fully scalable Layer-1 blockchain network, is thrilled to announce its 2nd birthday celebration. To commemorate this significant milestone, together with industry leaders Coinpal.io, OKX Web3, ICERIVER, IGV, and Rhubarb Media to launch a spectacular 1 Million Airdrop Campaign. This campaign will […]
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Cryptocurrency
22 Nov 2023

Surge in Bitcoin exchange deposits breaks six-month withdrawal streak

After six months of Bitcoin exchange withdrawals outpacing deposits, a reversal occurred this month, signaling a change in holder behavior. The exchange net flow, which measures the difference between Bitcoin deposits and withdrawals on exchanges, turned positive at the beginning of November, indicating a renewed interest in exchange activities among Bitcoin holders. This shift is […]
The post Surge in Bitcoin exchange deposits breaks six-month withdrawal streak appeared first on CryptoSlate.
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Cryptocurrency
22 Nov 2023

Bitcoin and gold show similar trends as miner shares fall behind spot prices

Quick Take CryptoSlate’s recent analysis has highlighted a growing divergence between Bitcoin miners and the spot price of Bitcoin, hypothesizing a link to the upcoming halving event next year. Intriguingly, this trend seems to echo in the world of precious metals, gold, to be precise. The spot price of gold reached $2,000 this week; this […]
The post Bitcoin and gold show similar trends as miner shares fall behind spot prices appeared first on CryptoSlate.
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Cryptocurrency
22 Nov 2023

Coinbase champions regulatory compliance amid Binance woes – calls for clearer U.S. regulations

Coinbase CEO Brian Armstrong has touted his exchange’s compliance-first approach following the issues that bedeviled rival Binance. In a Nov. 21 statement on social media platform X, Armstrong pointed out that Coinbase embraced compliance since its launch in 2012 “to become a generational company that stood the test of time.” “Since the founding of Coinbase […]
The post Coinbase champions regulatory compliance amid Binance woes – calls for clearer U.S. regulations appeared first on CryptoSlate.
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Cryptocurrency
22 Nov 2023

Bit.Store Introduces Privacy-First Virtual Crypto Mastercard and Unveils Website’s New Look

PRESS RELEASE. Bit.Store, a pioneer in the Web3 revolution, is delighted to introduce its freshly redesigned website and the official release of the Bit.Store Virtual Crypto Card. With an unwavering commitment to facilitating seamless crypto transactions, Bit.Store is actively shaping the future of digital payments, making it more accessible to all through its innovative card […]
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Cryptocurrency
22 Nov 2023