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Chainalysis Says Cryptocurrency Use to Fund Terrorism Is “A Small Fraction” of Total Volume

Audy Castañeda 2023-10-19 05:50:11

Chainalysis, a leading authority on blockchain analysis, acknowledges that some terrorist groups, including Hamas, Hezbollah, and Palestinian Islamic Jihad, use cryptocurrencies to raise, store, and transfer funds. A recent report from Chainalysis has cast doubt on sensational claims about terrorist organizations using cryptocurrencies for funding. In the wake of a recent Hamas terrorist attack in […]

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FTX Debtors Solve Complex Dispute Over Asset Distributions

Leonardo Perez 2023-10-18 10:09:14

FTX debtors have resolved claims that clients have made that their assets are property and should be given preference over unsecured creditors. The court’s approval would make creditors of FTX.com and FTX US eligible for 90% of the estate’s distributable assets during a modified schedule. Former FTX engineering chief Nishad Singh said Sam Bankman-Fried was […]

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Nishad Singh Recounts Meetings with Sam Bankman-Fried

Audy Castañeda 2023-10-18 10:02:34

Another witness who testified against Sam Bankman-Fried was Nishad Singh. He recounted his panicky encounters with the boss. Testimony continues this week in Manhattan court in the case of former FTX CEO Sam Bankman-Fried. The turn to speak was for the former head of engineering of that cryptocurrency exchange, Nishad Singh. Like last week’s testimony, […]

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A First “Legal Blockchain Passport” for Diamond Traceability

Leonardo Perez 2023-10-18 04:27:12

A stroke of Belgian brilliance: The companies ITraceIT and Logion have developed a joint tracking solution to legally record and document each stage of a diamond’s life. Coming from the country that is home to the world center of the rough and polished diamond trade, it was natural to expect an exemplary display. The jewelry […]

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Cryptocurrency Mining Ban Removed from Pennsylvania Bill

Audy Castañeda 2023-10-18 04:22:40

The Pennsylvania House representative behind the project said he had to remove the ban due to pressure from different unions. According to the politician, this measure, which was intended to be a relief for the environment, received “chronic opposition” from the construction unions. The mining process requires the use of a lot of energy and, […]

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