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🚨#BREAKING Sam Bankman-Fried to be released on $250 million bail.
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Sam Bankman-Fried to be released on $250 million bail.
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👀💥 Binance Slapped With $4.3 Million Fine By Canada’s FINTRAC Crypto exchange Binance is facing a $4.3 million USD fine by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating terrorist financing and money laundering laws, the Canadian regulator announced Thursday. According to a press release, Binance will have to pay $6,002,000 CAD in administrative monetary penalties for failing to register with FINTRAC as a foreign money services business as well as failing to report cryptocurrency transactions of $10,000 or more within a single payment. The regulator added that between June 1, 2021, and July 19, 2023, Binance did not report single transactions over $10,000 on 5,902 occasions. FINTRAC further claimed the crypto exchange had “several opportunities” as a foreign money services business but failed to do so by the regulator’s provided deadlines.
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💥💥💥 Zilliqa's network disruptions have been addressed, and functionalities restored post the v9.3.4 upgrade. The team is actively debugging, ensuring stability.
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🔥 Bitcoin traders are actively navigating through a rangebound market, with BTC reaching $63,000 amidst significant liquidity levels. Despite recent lows, trading activity has surged.
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💥 Binance and KuCoin have successfully registered with the Indian Financial Intelligence Unit, allowing them to continue their operations in India.
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💥 What's one piece of advice you would give to someone just starting out with crypto ⁉️
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