Tag: Cryptocurrency
Binance executive collapses during Nigeria trial for money laundering
Tigran Gambaryan, a Binance executive currently detained in Nigeria, collapsed in the Federal High Court in Abuja during his trial for alleged foreign exchange...
Binance founder Changpeng Zhao is world’s richest prisoner
Former CEO of Binance Changpeng Zhao has been sentenced to four months in prison after he pleaded guilty to violations of US anti-money laundering...
Sam Bankman-Fried gets 25 years for FTX fraud
Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing US$8-billion from customers of the now-bankrupt FTX cryptocurrency...
US sanctions firms for providing tech to Central Bank of Iran
The United States (US) has imposed sanctions on several companies and individuals for smuggling technology to the Central Bank of Iran (CBI).
The CBI is...
Fordefi secures $10m investment for crypto wallet-as-a-service
Cryptocurrency firm Fordefi is launching a wallet-as-a-service offering after raising $10 million in a seed-extension round.
Electric Capital led the round with participation from Paxos...
Bitcoin nears $50,000
Bitcoin is flirting with a winning run last seen a year ago, aided by the record-breaking debut of US exchange-traded funds for the token.
The...
Ransomware hackers stole over $1 billion in crypto in 2023
Payments from crypto-related ransom attacks nearly doubled to a record $1 billion plus in 2023, blockchain analytics firm Chainalysis has said.
Scammers targeting institutions such...
Binance Founder Changpeng Zhao steps down, pleads guilty to violating anti-money...
Zhao Changpeng, the chief executive of Binance, the largest global cryptocurrency exchange, stepped down and pleaded guilty to violating criminal U.S. anti-money-laundering requirements, in...
95% of NFTs now worthless
NFTs (non-fungible tokens), which were once the darlings of the blockchain world, are now almost worthless, according to analysis by crypto gambling website, DappGambl.
Per...
FTX sues Bankman-Fried’s parents over misappropriated funds
The FTX legal saga continues to play out as parents of the company’s founder, Sam Bankman-Fried, have been sued by the FTX parent company...