• Millions of U.S. dollars worth of cryptocurrency has been sent to centralized exchanges (CEXs) from wallets providing funds in support of Russia’s war effort in Ukraine, according to transaction data. • Over 90% of these transfers have been identified as going to the world’s largest exchange, Binance, with the purpose of laundering money. • […]
Meta Announces 10,000 Layoffs • Meta, the social media company, has announced a new round of 10,000 layoffs to be executed during 2023 as part of its new efficiency policy. • The company is striving to achieve sustainability by closing 5,000 open hiring spots and investing in Artificial Intelligence (AI). • CEO Mark Zuckerberg stated […]
• The Financial Conduct Authority (FCA) of the U.K. has widened its crackdown on unauthorized cryptocurrency ATMs in East London, working with the Metropolitan Police. • There are currently no crypto ATM operators registered with the FCA and businesses offering crypto services must comply with money laundering regulations. • The FCA warned that anyone investing […]
• UBS strategists recently published a report saying that the upcoming Mt Gox payouts won’t destabilize Bitcoin’s value. • Creditors have until March 10th to choose a repayment scheme and payments are expected to occur around September 2023. • The UBS strategists believe that while there may be some impact on Bitcoin’s value, it will […]