Kenya's Assets Recovery Agency (ARA) has frozen $888,030 in cash and tether stablecoins linked to a $2.32 million money laundering scheme involving Binance wallets and multiple banks. The scheme used two parallel channels to obscure money origins, including international remittances and cryptocurrency transfers, with transactions deliberately kept below reporting thresholds to evade detection. Investigations are ongoing, and Kenyan authorities have sought U.S. legal assistance to track international financial records. This crackdown highlights growing concerns over cryptocurrencies being used to bypass traditional financial monitoring in Kenya.
The debate over Robinhood Chain's fee structure has expanded from a simple cost argument to a broader discussion involving Solana, Arbitrum, and BNB Chain about who should profit from network activity and how to fund long-term development. Solana's c...
Bhutan has transferred 400 Bitcoin, worth about $30.62 million, to an unlabeled address, reducing its tracked sovereign Bitcoin holdings to 518 BTC from a peak of 13,000 BTC in October 2024. Most transfers are linked to the sovereign wealth fund, Dru...
Solana's decentralized platform has surged to fourth place in global Zcash (ZEC) spot trading volume, reaching about $64 million in 24 hours. This marks a 220% increase and positions Solana alongside top centralized exchanges like Binance, Coinbase, ...
XRP futures trading volume surged to $64.6 billion in August, the highest since February, driven by a nearly 30% price increase from $1.06 to $1.50. Binance led the derivatives market with $37 billion in futures volume, followed by Bybit and OKX. Spo...
Bitcoin's futures market experienced its sharpest deleveraging since 2023, with Binance's Bitcoin futures open interest briefly falling below its 180-day average during the largest liquidation event of the current cycle. This was driven by forced liq...
