Singapore Seizes $2b in Assets
Singaporean authorities strengthened its anti-money laundering efforts by freezing over $2 billion in assets, including cryptocurrency. Second Minister for Home Affairs Josephine Teo announced that Singapore has increased its efforts to combat money laundering by freezing assets worth more than $2 billion. Notably, the comprehensive list of frozen assets includes 62 vehicles, 152 pieces of […]
CommEX Struggles to Attract Russian Clients
Following Binance’s withdrawal from the country, its Russian customers are switching to other platforms for cryptocurrency trading. It is becoming clear that many customers don’t appreciate CommEX, the company that bought Binance’s Russian operation. According to Satoshkin CEO Dmitry Stepanin, peer-to-peer (P2P) operations have currently decreased by between 10 and 30%. According to data from […]
Chainalysis to Slash 15% of Staff in Second Round of Layoffs
Chainalysis, a New York-based blockchain analytics firm, has laid off 15% of its workforce, marking its second round of job cuts in the past 12 months For potential long-term growth, the company intends to reduce expenses, according to Bloomberg. Before the layoffs, Chainalysis had about 900 employees, and it now has 135 fewer. According to […]
Binance to Cease BUSD Lending Services by October 25
Cryptocurrency exchange Binance will stop offering borrowing and lending services for Binance USD (BUSD), its stablecoin. The exchange will close all open BUSD loan and collateral positions by the end of the month, according to the notice from October 3. Stablecoins like Tether USDT (tickers down $1.00), Dai, TrueUSD (TUSD), and USD Coin (USDC $1.00) […]
India Aims to Strengthen Crypto Crime Detection
India is reportedly developing a database containing information about global crypto exchanges, including those operating within the dark web. According to reports, India is creating a comprehensive worldwide database that includes all cryptocurrency exchanges, including those on the dark web, to help investigate crimes using cryptocurrencies. By the conclusion of the current fiscal year or […]