SoFi Exits Crypto Business Amid Regulatory Scrutiny

by Александр Пирогов | Dec 4, 2023 | Blog News

SoFi, the financial services platform that entered the crypto trading space in 2019, is shutting down its crypto business due to increased regulatory scrutiny. New account creation has been disabled, and existing users have a three-week window to migrate their crypto...

Bank of America Faces $12 Million Fine for Providing False Information

by Александр Пирогов | Dec 4, 2023 | Blog News

Bank of America is set to pay a $12 million fine imposed by the Consumer Financial Protection Bureau (CFPB) for repeatedly sending false information to federal regulators. CFPB Director Rohit Chopra emphasized the bank’s violation of federal law and stated that...

Platypus Hackers Acquitted in Landmark Case After Exploiting $9 Million

by Александр Пирогов | Dec 4, 2023 | Blog News

Two individuals involved in exploiting Platypus, an automated market-making (AMM) platform on Avalanche, have been acquitted of criminal charges in France. The court dismissed charges of accessing a computer system, money laundering, and concealment. The accused...

SEC Faces Sanctions Threat as Judge Questions Accuracy of DEBT Box Case

by Александр Пирогов | Dec 4, 2023 | Blog News

A United States District Judge, Robert Shelby, has raised concerns about deceptive statements made by SEC lawyers in a legal action against DEBT Box, a crypto company. The SEC’s case alleged that DEBT Box deceived investors by $50 million, but the judge...

Google’s AI Gnome’s Discovery Holds Crucial Implications for Modern Technologies

by Александр Пирогов | Dec 3, 2023 | Blog News

In a groundbreaking feat, Google’s GNoME has uncovered a staggering 2.2 million crystals, with around 380,000 predicted to possess remarkable stability. This discovery not only signifies a leap forward in material science but also underscores the pivotal role of...

Binance to Discontinue Support for BUSD Stablecoin in December

by Александр Пирогов | Dec 3, 2023 | Blog News

In Brief: Binance, the prominent cryptocurrency exchange, has announced the discontinuation of its native stablecoin, Binance USD (BUSD). The decision follows Paxos ceasing the minting of new BUSD coins. Binance has advised users to withdraw or convert their existing...