Binance Fined $2.2M by India’s Financial Intelligence Unit
Binance became the first offshore crypto-related entity, along with KuCoin, to be approved by India’s Financial Intelligence Unit (FIU) in May, conditional to paying a penalty.
Financial
Financial
The Protocol
In this week’s abbreviated issue of The Protocol, we’re chronicling the apparent doxing of ‘Pharma Bro’ Martin Shkreli as the driver behind the recently-but-no-longer mooning $DJT token, plus the SEC’s apparent retreat on probing the Ethereum developer Consensys.
Financial
Jump Crypto Adds $10M to Industry’s U.S. Political War Chest, Raising PAC to $169M
The digital assets industry’s Fairshake PAC is a congressional heavyweight with recent influxes, and its latest filings will indicate it still has $109M to spend.
Financial
Kraken Says Hackers Turned to ‘Extortion’ After Exploiting Bug for $3M
The bug found by a “security researcher” led to nearly $3 million stolen from Kraken’s treasuries.
Financial
German Government Agency Moves $425M Bitcoin, Some to Crypto Exchanges
Arkham previously identified the address as belonging to the German Federal Criminal Police Office (BKA), which had seized almost 50,000 BTC from a piracy site.
Financial
Marathon’s Layer-2 Chain, Anduro, Plugs In ‘Portal to Bitcoin’ for Atomic Swaps
The publicly-traded bitcoin miner Marathon began incubating Anduro in February as a “platform built on the Bitcoin network that allows for the creation of multiple sidechains.”
Financial
First Mover Americas: Ether, Meme Coins Lead Recovery While Bitcoin Remains Subdued
The latest price moves in crypto markets in context for June 19, 2024.
Financial
Bitcoin Whales Sold Over $1B BTC in Past Two Weeks: CryptoQuant
The selling coincides with net outflows from U.S.-listed bitcoin ETFs in the same period, veri shows.
Financial
Elevated Ether Volatility Expectations May Be Unfounded
The excitement surrounding the impending debut of spot ether ETFs in the U.S. has investors anticipating higher ether price swings relative to bitcoin.
Financial
National Australia Bank’s Venture Arm Invests in Crypto-Focused Zodia Custody
Zodia Custody established operations in Australia in late 2023