Former United States Securities and Exchange Commission (SEC) Chair and acting U.S. Attorney for the Southern District of New York, Jay Clayton, issued a statement following the conviction of Tornado Cash developer Roman Storm on Tuesday. Jay Clayton Speaks Out On Tornado Cash Verdict In the August 6 statement, Clayton vowed that SDNY is “committed…
Key Takeaways: Binance’s new Mastercard feature is part of a growing trend of exchanges embedding with traditional finance infrastructure. Only euro-based cards are supported for now, but additional currencies may follow pending regulatory and operational factors. Direct card payouts can reduce reliance on banking intermediaries, changing how users access crypto liquidity. Binance users in Europe…
Four Australian men, including former barrister Dimitrios Podaridis, are facing money laundering charges for allegedly facilitating sophisticated investment scams that converted victim funds into crypto between January and July 2021. The Australian Securities and Investments Commission alleges the defendants operated fake investment comparison websites and Facebook advertisements to attract investors with fraudulent bonds offering fixed…
Paxos Trust Company has agreed to a $48.5 million settlement with the New York State Department of Financial Services (NYDFS) over allegations it failed to monitor illicit activity linked to its former partner, cryptocurrency exchange Binance. NEW: DFS has secured a $48.5 Million settlement with Paxos Trust Company for anti-money laundering deficiencies and diligence failures….
The stablecoin sector achieved another milestone in July, with total market capitalization reaching a new all-time high of $261B, representing a 4.87% monthly increase. This achievement extends an unprecedented twenty-two consecutive months of growth for the stablecoin market. $1.60T Trading Volume Powers July’s Stablecoin Market Growth According to the latest Stablecoins & CBDCs Report from…
In the world of blockchain, crypto wallets are more than just tools — they’re the entry point to an ecosystem. The way users experience their first interaction with crypto can determine whether they stay, engage, and grow within a network. That’s why VeWorld, VeChain’s official self-custodial wallet, is designed not only to store and manage…
Coinbase will charge a 0.1% fee on USDC-to-USD conversions exceeding $5 million within 30-day periods starting August 13, marking the first time the exchange has monetized its previously free stablecoin off-ramping service. The move follows disappointing Q2 earnings that triggered a 15% stock decline and prompted the company to announce plans for a $2 billion…
The world of traditional finance (TradFi) is on the cusp of a profound transformation, driven by the relentless innovation of blockchain technology. While the introduction of Bitcoin ETFs marked a significant milestone, it was merely the first step. The real convergence, where TradFi’s vast capital meets the efficiency and transparency of decentralized finance (DeFi) is…
JPMorgan Chase has named Kara Kennedy as the new global co-head of Kinexys, the bank’s blockchain-focused division, deepening its investment in digital asset infrastructure as regulatory clarity improves in the US. Bloomberg reported Wednesday that Kennedy, who is based in Edinburgh, will oversee Kinexys Digital Assets and Kinexys Labs, two units that focus on asset…
The share of workers paid in cryptocurrency has more than tripled over the past year, with USDC emerging as the most popular digital asset for payroll, according to Pantera Capital’s 2024 Blockchain Compensation Survey. In 2023, only 3% of respondents reported receiving any part of their salary in crypto. That figure jumped to 9.6% in…