News of cryptocurrencies of the 3th week of August 2024
Germany's Federal Financial Supervisory Authority (BaFin) raided cryptocurrency ATMs and seized 13 machines in 35 locations, the media reported.
According to BaFin, ATM operators installed the machines illegally. The regulator's representatives noted that they had to be registered before installing the ATMs. BaFin also drew attention to the fact that exchanging euros for cryptocurrencies, which were offered to users of the devices, violates the law.
The regulator carried out the raids jointly with the Federal Criminal Police Office, local law enforcement agencies and the German Federal Bank.
Cryptocurrency exchange Binance and its former CEO Changpeng Zhao (CZ) are facing a new class action lawsuit from three investors. The plaintiffs claim they have been unable to recover stolen assets due to the exchange's failure to prevent money laundering.
The victims claim that the coins they stole ended up on Binance, which allegedly played a key role in the money laundering process. According to Bill Hughes, senior legal counsel at Consensys, the case could affect not only Binance, but the entire industry, calling into question the effectiveness of blockchain analytics.
Let us recall that Zhao himself is already serving a prison sentence on a number of charges.
Trustees of collapsed crypto exchange Mt. Gox have transferred about 12,000 bitcoins worth $709 million to an unknown wallet, according to analytics company Arkham.
Mt. Gox also sent 1,264.69 bitcoins worth $74.77 million to an address that the platform's team identified as the exchange's cold wallet.
- The asset move could signal the imminent completion of payments to Mt. Gox creditors who have been waiting for their assets to be returned since 2014.
- Owners of ENS domain names, such as base.eth, will be able to create an unlimited number of subdomains. These subdomains will remain under the control of the owner of the main ENS name.
- When Basenames launches, all available names will be put
