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.
On November 11, a significant transfer of 40 million USDT was made from Binance to an unknown wallet. This large movement of stablecoins could indicate a major transaction or a shift in asset holdings. The destination and purpose of the transfer rema...
Fitch Ratings highlighted that Bitcoin demonstrated greater resilience during the recent Binance hack compared to past incidents. This improved stability is attributed to a more diversified trading ecosystem, which reduces Bitcoin's reliance on any s...
Thirteen major cryptocurrency transfers totaling $1.48 billion were recorded within a three-hour window on November 10, led by a 3,500 Bitcoin (BTC) transfer between unknown wallets valued at $256.4 million. Significant movements included transfers b...
Ether (ETH) surged past 2,100 USDT on OKX, reaching 2,101.41 USDT with a 3.71% gain over 24 hours as of Nov. 11. This move reversed a slight dip below 2,100 USDT the previous day. Compared to other cryptocurrencies at the same time, Ether's gain was ...
XRP spot trading volume increased by 53.2% from Oct. 28 to Nov. 9, with Binance's 30-day average open interest dropping to its lowest since September. Binance's spot volume rose 51.9%, while other exchanges saw a 53.6% increase. Despite the higher sp...
