A federal grand jury in Miami has charged nine individuals with laundering U.S. drug proceeds into cryptocurrency for Mexican and Colombian cartels, utilizing “a network of black market cryptocurrency launderers and unlicensed money transmitters,” according to the U.S. Department of Justice. From 2020 to 2023, defendants allegedly coordinated cash pickups from U.S. drug sales, converting […]
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Key TakeawaysMeta and four other tech firms rejected OKXICE stock tokenization, raising total corporate opt-outs to 67.This mass exodus leaves...
Key TakeawaysThe SEC’s proposal, identified as RIN 3235-AN48, is undergoing White House regulatory review, with no public release date established.Four...
Key TakeawaysFTX seeks to reclaim a payment made while it was allegedly insolvent.The evidence requests also reached accounting firm BDO...
Key TakeawaysBitcoin hit $74,762, its lowest since Aug. 21, as a global tech stock sell-off rattled markets.Crypto liquidations fell to...
Key TakeawaysJPMorgan estimated bitcoin’s annualized volatility at 55%.Bitcoin’s estimated correlation with U.S. large-cap stocks was 33%.Unstable correlations kept bitcoin outside...
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