Bank of America Says CBDC Could be the Future of Money –

Bank of America Says CBDC Could be the Future of Money –

China has the most advanced CBDC structure but bans cryptocurrency as a means of payment. The Bank of America believes CBDCs and stablecoins could play a role in how money is defined. Over 90% of central banks are considering issuing a CBDC. The growth of the crypto sector has captured the attention of global organizations, … Read more

NFT Creator DNP3 issues Public Apology for Using Users’ Money to Gamble

Twitch streamer, DNP3, issued a public apology for using investors’ money to engage in gambling activities.

Twitch streamer, DNP3, issued a public apology for using investors’ money to engage in gambling activities. DNP3 is known for working on projects like The Goobers NFT, metaverse platform Gridcraft Network, and charity-focused crypto CluCoin. The NFT creator confessed that he tried crypto casinos for the sake of his video, and then gradually, he got … Read more

OneCoin Co-Founder Pleads Guilty to Money Laundering –

Department of Justice (DoJ) is reportedly investigating the founder and former CEO of FTX, Sam Bankman-Fried.

OneCoin is arguably one of the biggest scams in crypto history. According to a February 2022 Deadline article, Ruja Ignatova and OneCoin’s saga is being adapted for television. Ruja Ignatova was last seen in 2017 while boarding a flight to Greece. Greenwood was arrested at his home in Thailand in 2018 and later extradited to … Read more

Binance Denies Claims of Money Laundering Investigations –

Binance is reportedly planning to acquire renowned Indonesian crypto exchange Tokocrypto and is currently engaged in negotiations.

Reuters claims the DOJ’s inquiry involves prosecutors at the Money Laundering and Asset Recovery Section, the U.S. Attorney’s Office for the Western District of Washington in Seattle, and the National Cryptocurrency Enforcement Team. Binance, refuting reports of possible criminal charges, said it has a team of almost 300 cyber investigators collaborating with authorities around the … Read more