Tag: Cryptocurrency

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 companies: According to whistleblower communications that we have corroborated, personnel in the FDIC’s Washington, D.C., headquarters are urging FDIC regional…

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 gone up 7.84% as per CoinMarketCap. (AMBcrypto) Monday May 9, 2022. Poloniex crypto exchange has had XMR deposits and withdrawals…

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 to proceed with caution.” Corruption Ledger expanded the scope of the investigation and looked at various reviews posted online on…

As the Russian invasion of Ukraine nears its fifth week, it has been shown that cryptocurrencies have helped Ukrainian refugees in more than one way after being forced from their homes. Crypto has made it possible for donations worth tens of millions of dollars to pour into the country while allowing some Ukrainians to take a portion of their life savings with them as they flee across the border. One of them is a 20-year-old man identified by the pseudonym…