Tag: Bitcoin

Trump-linked crypto businesses, Binance and Tether face renewed Senate demands for records as Richard Blumenthal prepares to take charge of an investigative panel. Trump crypto firms are facing a deadline with a different political weight behind it. Senator Richard Blumenthal has renewed demands for records from World Liberty Financial and the company behind the TRUMP…

TL;DR: US officials are pursuing the corporate structures behind online investment scams, not merely the wallets receiving stolen funds. On November 5, Treasury sanctioned four individuals and 41 entities it says supported the Prince Group transnational criminal organization, alongside an individual accused of managing another scam network. US officials are pursuing the corporate structures behind…

TL;DR: Global crypto compliance rules may face a tougher practical test after the Financial Action Task Force agreed to review jurisdictions with longstanding shortcomings in virtual asset oversight. In a November 6 readout, the US Treasury said the review would identify decisions for the next FATF plenary. Global crypto compliance rules may face a tougher…

On-chain data from Glassnode shows a significant shift in whale positioning, adding to an increasingly cautious technical outlook. BTC traded near $74,704 on Bitstamp, down approximately 1.45% at the latest available reading. The decline followed a weekly close around $74,968, below the 50-week moving average (MA), which stood between approximately $75,200 and $75,500. The move…

TL;DR: The US Treasury has added eight Canada-based money services businesses to its sanctions list, alleging that they helped move value for the Iranian regime and sanctioned actors. The November 6 action explicitly focuses on exchanges between local currencies and digital assets, demonstrating how crypto compliance disputes can arise at the point where cash, informal…