Cloud Hosting

Russia has expanded its sanction list to incorporate the names of 500 more entities including BJ Kang, Binance U.S. Head of Investigation who was hired in October last year. The Vladimir Putin list contains the names of many Americans including that of the New York Attorney General Letitia James.

Former President of the country Barack Obama is also on the list in retaliation for the sanctions imposed by the United States amidst Russias crisis with Ukraine. This sanction from Russia indicates that all 500 named entities have travel and financial restrictions in the region.

About one month into Russias invasion of Ukraine, several entities began to impose strict sanctions on the former in a bid to force the country into considering peace. Initially, it was rumored that the leading cryptocurrency exchange was refusing to comply with sanctions on Russia from the U.S.

Changpeng CZ Zhao, the Chief Executive Officer (CEO) of the exchange pointed out that Binance was also complying with the decision.

He further explained that Binance was working with a team to ensure that sanctioned individuals do not use the crypto exchange. However, a year ago, it was discovered that Binance, Seychelles-based exchange OKX, and Singapore-based Huobi were generating their highest traffic from Russia and therefore were likely to face enforcement action from U.S authorities.

Two weeks ago, the Department of Justice began to investigate Binance again after it became glaring that Russians may have evaded sanctions through the exchange. Since that time, CZ has yet to issue a statement concerning the claim against Binance. The agency is yet to confirm how involved Binance is with Russia but with Kang now on Putins sanction list, it is not clear how this case would evolve.

Interestingly, this Putin sanction list is said to contain the names of Americans who are largely regarded as enemies of Donald Trump, the 45th U.S. President.

Letitia James, the State Attorney General of New York who has sued Trump for alleged fraud, Joe Scarborough, an American television host and renowned critic of Trump and Jack Smith, the Justice Department special counsel were all included in the sanction list.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

See original here:

Binance.US Head of Investigations Sanctioned by Vladimir Putin Report - CoinGape

(Bloomberg) -- Binance Holdings Ltd. won dismissal from a lawsuit brought by a Texas woman who said she was swindled out of $8 million as part of a crypto fraud orchestrated by a man she met on Tinder.

Most Read from Bloomberg

The woman, Divya Gadasalli, failed to point to a single fact of how Binance is actually involved in this case to show the court has jurisdiction over the crypto exchange, US District Judge Amos Mazzant ruled Monday.

Mazzant, who sits in Sherman, Texas, ruled that while Binance is a foreign corporation with a US-based entity, Binance.US has been barred from operating in Texas. Gadasalli cant show that any of the events leading to her fraud occurred in the state, the judge ruled.

Under the order, Gadasallis case against the man she claims stole from her, two of his associates and the crypto exchange Poloniex can continue. Gadasalli and her attorney didnt immediately respond to a request for comment.

In March, the Commodity Futures Trading Commission alleged in federal court in Chicago that Binance and its chief executive officer, known as CZ, routinely broke American derivatives rules as the firm grew to be the worlds largest trading platform.

Binance should have registered with the agency years ago and continues to violate the CFTCs rules, according to the regulator. The CFTC also alleged that Binance failed to implement an effective anti-money laundering program. Other US regulators and investigators have been probing Binance as well.

In her lawsuit, Gadasalli said she met a man she knew as Jerry Bulasa on Tinder, and he convinced her to transfer millions of dollars left by her father, who was murdered in 2015. Bulasa ultimately stole $8 million even as he claimed he was investing in crypto, she claimed.

Story continues

Gadasalli fell victim to a growing type of crypto fraud called pig butchering because emotionally manipulated victims accounts are fattened before being drained. The FBI says people lose hundreds of millions of dollars a year in such frauds.

Read More: A Texas Tale of Tinder, Millions in Stolen Crypto and Murder

Gadasalli had argued that, despite limitations on where Binance could operate in the US, individuals could use third-party virtual private networks to access the exchange and that the company had promoted such avenues for access.

But the judge rejected her argument, writing that the companys advertising for general audiences is too broad to be considered evidence of fault in her case.

The case is Gadasalli v. Bulasa, 4:22-cv-00249, US District Court, Eastern District of Texas (Sherman).

--With assistance from Francesca Maglione.

Most Read from Bloomberg Businessweek

2023 Bloomberg L.P.

See original here:

Binance Dismissed From Texas Womans $8 Million Tinder Scam Suit - Yahoo Finance

You can no longer send money to Binance using PayID. Image: Shutterstock

The worlds biggest cryptocurrency exchange Binance is finding it harder to do business in Australia as third-party providers and banks limit access to local customers.

On Thursday, Binance Australia told customers that it was unable to facilitate PayID AUD deposits after its third party payments provider cut off access.

Binance has been using PayID to offer quick, fee-free deposits onto its platform.

Rest assured that your funds are safe through the Secure Asset Fund for Users (SAFU), an insurance fund that offers protection to Binance users and their funds in the event of extreme situations, Binance Australia said.

Withdrawals through cash transfer are available until 1 June. Binance still allows Australians to buy crypto using debit and credit cards which incurs fees.

Binances payments provider is Cuscal which did not speak to Binance specifically but which said in a statement that it had strict due diligence, onboarding and compliance requirements and that Cuscal would cut off customers and merchants that didnt meet those requirements.

Last week, one of the big four banks, Westpac, started blocking Binance payments as part of what it called scam prevention measures.

Westpac customer services and technology executive Scott Collary said cryptocurrency exchanges do have a legitimate role to play in the financial ecosystem.

But since the rise of digital currency, weve noticed that scammers are increasingly using overseas exchanges, he said.

Often our customers only discover theyve been scammed after the money has left the country, making recovery extremely difficult.

Australian banks have long blocked cryptocurrency-related businesses from operating in Australia by not giving them local bank accounts a tactic called de-banking.

Binances cryptocurrency exchange competitors have taken advantage of Binance being excised from certain banks and payment protocols.

On Twitter, Kraken has started promoting ads to reassure Australians that PayID deposits and withdrawals are fully operational on its exchange.

Binance remains by far the worlds largest cryptocurrency exchange with a 24-hour trading volume of US$5.5 billion at the time of writing its nearest competitor had US$2 billion and Kraken had less than US$400 million worth of trades in the past day, according to CoinMarketCap.

Regulators in the US and Australia are closely scrutinising Binances business practices to bring it in line with local laws.

Last month, the Australian Securities and Investments Commission (ASIC) cancelled Binance Australias derivatives license after the company failed to classify retail and wholesale clients two distinct levels of investor sophistication which carry different sets of legal obligations and consumer protections.

And late last year , Binance Australia was fined $2 million for breaching the Spam Act because it had sent out 5.7 million marketing emails without an easy way for people to unsubscribe.

In late March, US regulators began a lawsuit against Binance claiming it actively facilitated violations of US law.

Binance hadnt registered with the US Commodity Futures Trading Commission (CFTC) and was required to block US customers but instead purposefully grew, maintained and simultaneously concealed its US customer base, including by instructing customers to use virtual private networks (VPNs) to access the platform, according to the CFTC complaint.

Read the original:

Binance slowly being squeezed out of Australia | Information Age ... - ACS

Worlds largest cryptocurrency exchange Binance is celebrating the thirteenth anniversary of Bitcoin Pizza Day on social media and Binance app on Monday.

"Bitcoin Pizza Day is a testament to the power of community and the growing acceptance of BTC as part of our daily lives," said Yi He, Binance co-founder and chief marketing officer.

Binance has tied up with members of the crypto community to make their own pizza with their own BTC toppings logo. Participants who would share their Binance-themed pizzas using #BinancePizza or complete tasks to collect all the pizza flavours on the Binance app have a chance to win the crypto equivalent of a years supply of pizza.

Online celebrations will continue as Binance hosts a virtual live meet-up with the attendance of CZ, CEO of Binance, on May 22 at 12:00 PM UTC, featuring discussions on the meaning of Bitcoin Pizza Day with prominent Binance Feed creators.

"At Binance, we believe in the importance of mass adoption, and we are committed to creating more and more use cases for crypto in everyday situations. As more people recognize the value and potential of blockchain and crypto, our community grows stronger, and we continue to build our industry," Yi He added.

In 2010, Florida resident Laszlo Hanyecz spent 10,000 Bitcoins at a local restaurant called Papa Johns to buy himself two pizzas. Back then, Bitcoin used to trade at $40. Since cryptocurrency wasnt a big thing in 2010, Hanyecz reached out to an online community Bitcointalk and openly traded his Bitcoins for two pizzas.

Considering Bitcoin's value today, which is over $46k currently, these two pizzas can be regarded as the costliest pizzas of all time.

As this trade marked the very first commercial transaction in cryptocurrency history, crypto fans named May 22 as the Bitcoin Pizza Day.

Bitcoin Pizza Day stands as a pivotal milestone for the crypto industry, signifying its remarkable exponential growth and paving the path for widespread adoption of digital currencies over the past 13 years.

Many global celebrations of Bitcoin Pizza Day are happening in different countries like Bahrain, Vietnam, Cambodia, Mexico, Uruguay, Argentina, Pakistan and New Zealand including the birthplace of pizza in Naples, Italy.

Also Read :Crypto Price Today: Bitcoin nears $29,000; Ethereum tops $1,900; Litecoin & BNB shed up to 3%

Also Read :Crypto Price Today: Bitcoin below $27,000; Solana, Tron, Dogecoin, Polygon and Avalanche fall 3% each

Read this article:

Binance to celebrate 13 years of 'Bitcoin Pizza Day' with global events - Business Today

While the listing on Binance looks set to propel Floki Inu to a new audience, a new crypto platform has been quietly gaining speed during its presale event AltSignals, and brand new ASI coin.

The appearance of the Floki crypto coin on Binances exchange follows the meteoric rise of the meme coin PEPE, a newcomer to crypto markets still very much in its infancy, highlighting the continuing popularity of meme coins among crypto fans.

However, while meme coins continue to have limited if any utility, one newcomer that provides holders with enormous levels of utility and governance, ASI, has engaged crypto investors across the board with its exciting AI-inspired plans to take the crypto world by storm.

ASI is the native token of AltSignals, an online trading community with one of the best trading suites on the market. Its AltAlgo trading indicator has provided its members with highly accurate and profitable trading signals in recent years. AltSignals plans to turbo-charge these trading signal outputs with the power of brand new, cutting-edge blockchain technology.

The ASI presale is open to early investors across five presale stages, with the price rising from the beta phase value of $0.012 to $0.02274. Once the presale concludes, ASI will be released on digital exchanges, opening it to a much wider number of crypto fans.

AltSignals is an online trading platform that has released profitable trading signal outputs with a community of more than 50,000 members since its launch in 2017. AltAlgo has proven itself one of the most accurate and profitable tools in the trading signals space, producing 10x portfolio returns for traders in Binance Futures in 19 of 32 months.

To further increase the regularity and accuracy of its signals, AltSignals is developing an AI-powered trading stack, ActualizeAI. The new trading toolkit uses machine learning to apply a rules-based logic that imitates the operation of markets, a process that is heightened and accelerated by natural language processing (NLP).

Predictive modeling uses historical data trends. This will mature as the algorithms ingest more data over time before reinforcement learning assesses the risk/reward ratio and ensures users can maximize profitability by recognizing the optimal sell and buy prices for their holdings.

ActualizeAI continuously scours markets 24/7 to ensure that users have the most up-to-date trading signals, enabling them to make the best investment decisions.

ASI will soon fuel the entire AltSignals platform and delivers utility to users through direct access to ActualizeAI. A minimum of 50,000 tokens will allow investors to gain lifetime access to ActualizeAI, while those holding fewer tokens can still enjoy ActualizeAI outputs for a year. All token holders will be eligible to become members of the VIP AI Members Club.

Follow us for the latest crypto news!

Club membership unlocks exclusive access to some of the most promising and potentially lucrative presale opportunities ahead of non-members, offering the chance to maximize profitability by purchasing new tokens at the lowest possible price. In addition, club members will be eligible to access online trading tournaments, with a prize haul of ASI tokens available for those that are successful.

Finally, members can beta-test new platform features and products before they go live. They will be rewarded for each piece of feedback and enjoy exclusive access once the features are rolled out before other AltSignals community members.

Floki Inu is unique among meme coins in that it has developed to offer a good level of utility to coin holders. However, the truth is that meme coins are often held back by their vast token supplies, which can depress prices and make it more of a gamble for investors to make seismic returns. Other tokens with proven utility in a project with an actual use case are often seen as preferable, especially as a longer term investment.

Currently trading at $0.000034, analysts predict that there is growth ahead for Floki Inu as it enjoys a boost from its listing on Binance, with predictions that the price could reach $0.000048 by the end of 2023. This would represent an increase of around 45% from its current value.

ASI has enjoyed a buoyant opening to its presale event, raising $761k since the presale launched. Tokens are currently available at $0.015 in stage 1 of the presale, a value that will rise to $0.02274 by the end of the event.

Crypto experts are struggling to contain their excitement at the prospects for the ASI coin and AltSignals development of ActualizeAI this year. Predictions of $0.50 are widespread for ASI, with many analysts expecting the coin to skyrocket at the end of its presale event once it lists on digital exchanges.

Theres no doubt that a renewed interest has led to Floki Inu and PEPEs listing on Binance in meme coins. However, history shows that most meme coins have a limited shelf life and the lack of utility that they offer can be a disadvantage in the long term.

No spam, no lies, only insights. You can unsubscribe at any time.

Investors in ASI have no such concerns. Thanks to AltSignals solid and established platform, the coin delivers exceptional utility from the outset, and the exciting development of ActualizeAI will likely push this to unprecedented levels. As a result, ASI could be one of this years best crypto presale investments, with strong potential gains open to early investors by the end of 2023 and beyond.

You can participate in the ASI presale here.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

More:

Floki Inu Hits Binance Innovative Zone as AltSignals Presale Gains ... - Crypto News Flash