CZ Authorizes Binance Security to Track Huobi HTX Stolen Assets
HTX took a proactive stance to mitigate potential harm by providing a “white-hat bonus” equivalent to nearly $400,000, which constituted 5% of the funds that had been drained. Shortly after HTX, the cryptocurrency exchange formerly known as Huobi reported a hacking incident resulting in an $8 million loss, Binance CEO Changpeng “CZ” Zhao offered the […]
Former Deutsche Bank Exec Admits Role in ‘R3 Crypto Fund’
For his part in the fraudulent cryptocurrency trading operation, Rashawn Russell faces up to 30 years in prison. An ex-investment banker at Deutsche Bank, previously charged earlier this year in connection with a fraudulent cryptocurrency trading scheme, has admitted guilt in committing investment fraud. He potentially faces a maximum prison sentence of 30 years. According […]
Stoner Cats NFT Creator Charged with Illegal Securities Offering
The NFT-only animated series starred Vitalik Buterin, Gary Vaynerchuk, and Hollywood A-listers. Stoner Cats 2 LLC (SC2), the entity responsible for producing the Stoner Cats animated series, has consented to a cease-and-desist directive and additional remedial actions imposed by the United States Securities and Exchange Commission (SEC). This decision comes after allegations of SC2 engaging […]
Ripple’s Fortress Trust Acquisition Expands US Licensing
Fortress possesses a Nevada Trust license, enabling them to provide asset custody services, whereas Ripple holds in excess of 30 licenses spanning various jurisdictions within the United States. Ripple, a financial technology company, has announced its intention to acquire Fortress Trust to acquire additional regulatory licenses in the United States. This development was disclosed in […]
Bank of China Mandates Retail Digital Yuan Payments
Using QR codes, e-commerce platforms now have the potential to include Central Bank Digital Currencies (CBDC) into their own operating systems in the near future. Changchun Mu, the Director of the Digital Currency Research Institute of the People’s Bank of China, emphasized in a speech delivered on September 3 that as China’s central bank digital […]