Brazilian police have seized $33 million reportedly from a money laundering scheme involving cryptocurrencies, according to a press release from police in São Paulo. The court order for the investigation came out of the performance of brokerages that had been intermediating the purchase and sale...
Binance, which has come under fire for its compliance standards in recent weeks, has been shut out of activity in Italy now, according to that country’s market watchdog, Consob, Reuters reported. “Savers are invited to make use of their utmost diligence in order to make...
Apollo Global Management is teaming up with Figure Technologies, a blockchain startup, on several innovative projects, Bloomberg reported. The initiatives will cover on-chain fund listing, asset securitization and digital marketplaces, applying Figure’s blockchain Provenance. Figure, founded in 2018, is focused in the upcoming year on...
Nassim Nicholas Taleb, the author of “The Black Swan” and a probability researcher and former quantitative trader, previously spoke highly of bitcoin. Now, he has criticized it as essentially worthless, CNBC reported. Taleb said in a recent paper that bitcoin has failed to satisfy the...
Bitcoin’s prices have been in a lull, with the cryptocurrency’s range lingering between $32,000 and $35,000 for weeks now, CoinDesk reported. Because of the prolonged consolidation, the relative strength index and other popular indicators can’t prove directional bias, according to CoinDesk. There could be declines...
Bank of America has created a new division looking into cryptocurrencies, Bloomberg reported. Candace Browning, head of Global Research for Bank of America, said the push came due to the fast-growing nature of cryptocurrencies, per the report. She said the bank had industry research analysis...
Chinese authorities from the People’s Bank of China (PBOC) have instructed a Beijing software maker, Quadao Cultural Development, it has to shut down due to allegations of cryptocurrency trading affiliation, Business Insider reported. According to China’s central bank, Quadao had been facilitating crypto trading through...
Fake versions of stocks from big name companies are circulating on blockchains as part of an experiment to see if the stock market can be put on a blockchain, Bloomberg reported. Mirror Protocol and Synthetix are using fake stocks including Apple, Tesla and Amazon, according...
Binance is facing a criminal complaint from a financial regulator in Thailand for running a digital asset business without permission, Reuters reported Friday (July 2). Thailand’s Securities and Exchange Commission (SEC) of that country announced in a statement, as per the outlet, that the firm has...
