FTX Sues Ex-Clinton Aide’s Firm for $700M
FTX has filed a lawsuit against K5 Global, an investment firm co-owned by Michael Kives, a former aide to Hilary Clinton. The lawsuit accuses Kives and his associates of fraudulently receiving $700 million from FTX through shell companies and fake transactions. The lawsuit, filed on June 22 in the Delaware Bankruptcy Court, accuses Kives and […]
Binance Blocks Sanctioned Users with Advanced Tech
The crypto exchange claims it has invested millions in a compliance program and uses IP blocking, VPN detection, and other tools to prevent access from blocked jurisdictions. Binance, one of the largest crypto exchanges in the world, has published a post by its Global Head of Sanctions, Chagri Poyraz, detailing how it prevents users from […]
SEC Waives $30.2M Fine from BlockFi to Prioritize Investors
The agency agreed to defer its claim against the crypto lender BlockFi to ensure investors are repaid in full without delay. According to a court filing dated June 22, the U.S. Securities and Exchange Commission (SEC) has decided to delay collecting a $30.2 million fine from defunct crypto lender BlockFi. The move comes as part […]
JPMorgan Brings Blockchain Payments to Europe with JPM Coin
The bank’s corporate clients can now transfer euros instantly and 24/7 using its blockchain platform Onyx Coin Systems. JPMorgan, one of the largest investment banks in the United States, is expanding the use of its blockchain-based payment system, JPM Coin , into traditional banking. Bloomberg reported on June 23 that the bank had deployed JPM […]
CleanSpark Buys $9.3M Bitcoin Mining Sites in Georgia
CleanSpark acquires two turnkey mining campuses with over 6,000 machines, aiming to reach 16 EH/s by 2023. CleanSpark, a Bitcoin mining company that uses low-carbon energy sources, announced on Wednesday that it had signed formal agreements to acquire two turnkey Bitcoin mining campuses in Dalton, Georgia, for $9.3 million in cash. The deal is expected […]