Tag: Crypto

FTX founder Sam Bankman-Fried began testifying at his fraud trial on Friday, saying the innovative business he hoped would move the cryptocurrency ecosystem forward ended up doing the opposite and hurting customers. The onetime cryptocurrency golden boy lost his businesses and his reputation as a pioneering entrepreneur in an emerging facet of finance when a rush of customers withdrew their…

On November 28, 2022, the Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with Payward, Inc., known as Kraken (“Kraken”), a United States-based virtual currency exchange. Kraken agreed to pay $362,158.70 to resolve its potential civil liability for 826 apparent violations of the Iranian Transactions and Sanctions Regulations (“Apparent Violations”). The settlement amount is significantly less than the…

In a letter dated August 16, 2022, U.S. Sen. Pat Toomey addressed FDIC acting chairman Martin Gruenberg to inquire about some recent FDIC actions that came to light by way of whistleblower reporting. Toomey said that the affected parties came forward to reveal that their banks received letters from the FDIC discouraging the bank from doing business with legitimate crypto…

Monday August 1, 2020.Monero hits all-time high monthly transactions (MoneroJ.net) Wednesday Aug 3, 2022. If there has been one cryptocurrency that has taken the market by surprise over the last 24 hours, it’s Monero [XMR]. In a market where top coins, including Bitcoin [BTC] and Ethereum [ETH], have dropped in price, XMR has increased. At press time, the private cryptocurrency had…

Positive content published on the private Monero / XMR cryptocurrency was once hard to come by, what with all the focus on crime and money laundering. It’s worth noting that Monero is a private currency for regular people who value the fundamental right to privacy. We archived some of the positive sources, as such articles tend to disappear shortly after…

OKX was founded in 2017 and is headquartered in Seychelles (East Africa), per Investopedia and other sources. “The site claims over 20 million users in more than 100 countries.” An issue of concern for the company is “low liquidity for certain currencies.” Investopedia’s verdict is that “due to some inconsistencies, unclear information, and past customer experiences, it’s a good idea…