US Treasury Sanctions 2nd Cryptocurrency Exchange, DOJ Seizes $6.1 Million

The U.S. Treasury Department has sanctioned a second cryptocurrency exchange “for facilitating financial transactions for ransomware actors.” Two ransomware operators have also been sanctioned and $6.1 million in funds were seized. US Treasury Sanctions Another Cryptocurrency Exchange The U.S. Department of the Treasury announced Monday that its Office of Foreign Assets Control (OFAC) has sanctioned […]

Kraken Daily Market Report for November 08 2021

Overview Total spot trading volume at $1.94 billion, the 30-day average rose to $1.38 billion. Total futures notional at $402.6 million. The top traded coins were, respectively, Bitcoin (+6.7%), Tether (0%), Ethereum (+4.2%), USDC (0%), and Polkadot (+2.2%). Strong returns from Livepeer (+36%), Basic Attention Token (+29%), and Badger (+17%). November 08, 2021  $1.94B traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD  BTC $67559. ↑6.7% $604.7M USDT $1.0005 ↓0.04% $429.2M […]

Zimbabwe considers “unstoppable” crypto as legal tender

Local media reports that the Zimbabwe government is considering crypto as legal tender in the country. According to Bulawayo24, the country’s Director of IT and Communications, Charles Wekwete, said the government had opened dialogue with all stakeholders on the matter. The comment came as Wekwete was speaking at the Computer Society of Zimbabwe (CSZ) Summit, […]

Alexis Ohanian, Solana Ventures launch $100M Web3 growth fund

Venture capital funds are eyeing Web3-powered social networks as the next major growth vector in crypto and blockchain. Reddit co-founder Alexis Ohanian has teamed up with Solana Ventures to launch a new investment fund dedicated to Web3 and social projects, potentially setting the stage for the next wave of budding crypto startups.  Ohanian announced Tuesday […]