U.S. Treasury Raises Alarm on Cryptocurrency’s Role in Illicit Finance

by Александр Пирогов | Feb 14, 2024 | Blog News

The U.S. Treasury, through Under Secretary Brian Nelson, is set to address House lawmakers in an upcoming congressional hearing, voicing significant concerns over the exploitation of cryptocurrencies for illicit financial activities. This move shows a growing focus on...

Blockchain Association Opposes Senator Warren’s Digital Asset Regulation Bill

by Александр Пирогов | Feb 14, 2024 | Blog News

The Blockchain Association (BA) has voiced its opposition to Senator Elizabeth Warren’s proposed Digital Asset Anti-Money Laundering Act (DAAMLA) in a letter signed by eighty individuals, including former U.S. government and military officials. The letter, addressed...

Crypto Finance (Deutschland) Receives BaFin Licenses

by Александр Пирогов | Feb 13, 2024 | Blog News

Crypto Finance (Deutschland), a subsidiary of Crypto Finance Group regulated by FINMA, has secured four licenses from BaFin, the German Federal Financial Supervisory Authority, enabling it to offer regulated digital asset trading, settlement, and custody services for...

Bitcoin Recursion: Revolutionizing Music Distribution

by Александр Пирогов | Feb 13, 2024 | Blog News

A groundbreaking approach merges art and blockchain, introducing a new artistic medium on Bitcoin through recursion to release songs. This method, involving the inscription of snippets of sound onto individual satoshis, the smallest unit of Bitcoin, turns each satoshi...

Seattle Court Delays Sentencing for Binance Founder Changpeng Zhao

by Александр Пирогов | Feb 13, 2024 | Blog News

The Seattle federal court has postponed the criminal sentencing of Binance founder Changpeng Zhao until April 2024. Despite admitting to charges of money laundering and other allegations by the SEC, Zhao remains free within the United States on a $175 million bail....

Argentina Leads Latin America in Stablecoin Adoption

by Александр Пирогов | Feb 13, 2024 | Blog News

Amidst Argentina’s economic instability and currency depreciation, the country has witnessed a surge in the purchase and holding of stablecoins, notably Tether (USDT) and Circle’s USD Coin (USDC). With 60% of Argentine crypto transactions on platforms like Bitso...