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Chinese Police Bust $296 Million Illegal Crypto-Based Underground Bank
Chinese authorities have uncovered and closed down an underground bank that exploited crypto to facilitate illicit currency exchange operations between the Chinese yuan and the South Korean won. The Public Security Bureau of Panshi City, Jilin Province, successfully arrested six suspects involved in the case. The suspects completed transactions amounting to approximately 2.14 billion yuan …...
🥛 Ethena: pioneering innovation or just hype?
GM! This is Milk Road PRO, lighting up your email inbox each Saturday with a report that helps you invest successfully in crypto. 💰 This week, we're highlighting Ethena, the new synthetic-dollar protocol that has been turning heads over the past few weeks. Ethena is blazing through records, pulling in over $2 billion in total value locked (TVL) in under 7 weeks since its February debut. ...
Safe Wallet Review 2024: Pros, Cons, & Features
Our CoinTracker review is a first-person look at the features and benefits of this crypto tax software....
🥛 How politics impact our crypto bags 📈 📉
Today’s edition is brought to you by Safe{Wallet} – a decentralized custody protocol and collective asset management platform that secures over $100 billion in digital assets with multi-layered security. Secure your digital future — explore Safe{Wallet} today. breaker GM. This is Milk Road....
Binance Registers With India’s Financial Intelligence Unit
The world’s largest crypto exchange, Binance, and its rival, KuCoin, have been registered with India’s Financial Intelligence Unit (FIU). This marks the first time that offshore crypto-related entities have been approved by India’s anti-money laundering unit. Key points: The registration of Binance and KuCoin with the FIU is a significant milestone for India’s crypto industry. …...
Kraken Fires Back at SEC, Arguing Agency’s Case Lacks Proper Wording
Kraken has intensified its legal battle with the United States Securities and Exchange Commission (SEC) by filing a reply to the agency’s April letter regarding the company’s motion to dismiss the case. Kraken argues in the latest development that the SEC has not identified any specific investment contracts traded, brokered, or settled on its platform. …...
Revolut Launches Standalone Crypto Exchange Called Revolut X
Revolut, a UK fintech company, has announced the launch of Revolut X, a standalone cryptocurrency exchange. Key features of the exchange: Revolut X aims to compete with other leading exchanges by offering easy on-and-off ramping, low fees, and a user-friendly interface. The platform is initially launching with a desktop version, enabling experienced crypto traders to …...
Binance Slapped with $4.3 Million Penalty by Canadian Regulator
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed a substantial administrative monetary penalty on Binance. On May 7, 2024, FINTRAC issued a penalty of $4.3 million for Binance’s non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated regulations. Key points: Also read: Consensys CEO Joseph …...
🥛 New Vitalik proposal, WTF is EIP-7702? ⚙️
Today’s edition is brought to you by Fyde Protocol – an on-chain, AI rebalanced and liquidity-optimized vault that empowers users to capture gains, earn yield and stay liquid. Visit Fyde Protocol online to learn more. GM. This is Milk Road, your go-to crypto newsletter that’s like finding money in your old jeans—it brightens your day and makes …...
Consensys CEO Joseph Lubin Accuses SEC of Stifling Innovation Like Ethereum
Joseph Lubin, the co-founder of Ethereum and CEO of Consensys, has spoken out against the U.S. Securities and Exchange Commission (SEC). He alleged that the regulator is intentionally hindering innovation in the cryptocurrency industry to protect the existing financial landscape. In a candid discussion at FT Live’s Crypto and Digital Asset Summit in London shared …...
