Author: Tega Odion
Worldcoin’s Paradigm Shift Exciting news from the Worldcoin Foundation! They’ve just revealed a groundbreaking shift in their payment system for orb operators. These skilled individuals play a crucial role in enrolling new participants into the Worldcoin network by scanning their eyes. What’s the game-changing update? Instead of receiving traditional USDC stablecoins, these operators will soon be rewarded with the innovative and intriguing WLD tokens. It’s a shift that promises to revolutionize the way they’re compensated and adds an exciting twist to the Worldcoin experience. Stay tuned for more on this compelling development! The Worldcoin Foundation is making a change in…
FBI has charged 6 Individuals for Operating a $30 Million Cryptocurrency-Based Money Transmission Business. According to court documents filed on Wednesday in the Southern District of New York, the FBI has charged six individuals with running an illicit money-transmitting operation valued at $30 Million using cryptocurrencies. The filing asserts that the accused were fully aware that they were engaged in an unlawful enterprise, using the darknet to convert bitcoin and other cryptocurrencies into cash. These individuals, identified as Shaileshkumar Goyani, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar Patel, Nileshkumar Patel, and Raju Patel, operated without the necessary money transmitting license in New…
FinCEN Focuses on Crypto Mixers Due to Money Laundering and National Security Worries In its latest update, FinCEN’s goal is to mandate financial institutions to report transactions involving international CVC mixing services, which the agency identifies as an “acute money laundering and national security risk.” Notable bitcoin (BTC) and Ethereum (ETH) mixing services using Coin join enable users to combine their transactions, thereby masking the origins and endpoints of funds. Andrea Gacki, the director of FinCEN, remarked that virtual currency mixing services empower the “ransomware ecosystem, rogue state actors, and other criminals to fund their unlawful activities.” Deputy Treasury Secretary Wally…
Are you a Futures derivative trader? Do you take your futures trades using the Binance futures trading platform? Then there is a piece of great news for you, as Binance will be adding the MBSV USDT trading pair to their derivatives trading platform. Binance Futures’ Upcoming Launch of M BSV Perpetual Contract. Binance Futures, a highly liquid derivatives market in the cryptocurrency industry, has revealed its intention to launch a perpetual contract denominated in USDⓈ for Bitcoin SV (BSVUSDT) on October 20, 2023, at 12:30 (UTC). Notably, Binance had delisted the BSV spot trading pair back on April 15, 2019,…
Evaluation of Bitcoin ETF Proposals Continues The U.S. Securities and Exchange Commission (SEC) is currently in the Evaluation of Bitcoin ETF Proposals, as confirmed by SEC Chairman Gary Gensler. Discussions with companies seeking approval for spot Bitcoin ETFs are ongoing. During an interview with Bloomberg reporter Kailey Leinz, Gensler acknowledged concerns related to the Grayscale lawsuit but refrained from providing specific details. “We have received 8-10 submissions from issuers, and there is a structured evaluation process in place. I eagerly await the recommendations from the SEC staff,” he remarked. Amid Developments in the Grayscale Lawsuit, Positive Sentiment Prevails in…
Berenberg Observes a Deceleration in Coinbase Trading Volume Amid Ongoing Crypto Winter In the third quarter, Coinbase’s trading volumes in the United States appear to have declined more than initially anticipated, according to a research report from investment bank Berenberg released on Tuesday. The report from Berenberg, citing information from The Block, states that Coinbase’s trading volume dropped by approximately 17% on a sequential basis and about 52% year-on-year. Coinbase is set to announce its third-quarter results on November 2nd. Berenberg expressed concerns about Coinbase’s consumer take rate being vulnerable to compression due to increased competition for market share within…