ICO Crackdown: 11 Class-Action Lawsuits Filed Against Cryptocurrency Companies

A number of class-action lawsuits have been filed against various digital asset firms and exchanges on Friday. The U.S.-based “litigation boutique,” Roche Cyrulnik Freedman, filed the lawsuit for three plaintiffs in the Southern District of New York. All three lawsuits claim that organizations like the Tron Foundation, Bitmex, Binance, Bibox and Block.one allegedly sold unregistered … Read more

Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence

Sweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedbank a record sum of 4 billion Swedish krona ($386m) for breaching anti-money laundering regulations on a large scale. Around USD 6 billion had been funneled between suspected accounts. The post Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence appeared first on Bitcoin News. Go … Read more

US Cash Crisis: Withdrawal Limits Spark Bank Run Fear

The entire world has been focused on the economy as the coronavirus outbreak has devastated global markets. While stocks, commodities, and barrels of oil plunge in value, there’s been considerable demand for cold hard cash in certain countries. According to reports, Wall Street’s elite has been trying to withdraw $30-50K per person as they flee … Read more

Analysts Question Gold’s Safe Haven Status – 2008 Data Shows Central Banks Oversaturated Bullion Markets

After bitcoin prices dropped below the $5K region on Monday morning, gold also slid significantly. It saw a small spike in value after the Federal Reserve announced slashing the benchmark rate by 100 bps, but gold prices subsequently dropped below $1,500 per ounce hours later. The current sentiment has led people to question why gold … Read more

New York Officials Want to Achieve Novel Coronavirus “Herd Immunity”

In the United States, the novel coronavirus continues to make a lot of headlines. Especially New York is a region of concern, especially now that COVID-19 cases are no longer being tracked.  To be more specific, this doesn’t mean people will no longer receive treatment if they begin showing symptoms. Novel Coronavirus is Spreading in … Read more

New York Takes Dire Action to Contain the Novel Coronavirus in New Rochelle

The current novel coronavirus crisis keeps a lot of people on their toes. In New York, the situation requires enforcing several harsh requirements that may remain in place for some time to come. Across the United States, several hotspots related to the novel coronavirus can be identified. More Coronavirus Precautions in NY In New York, … Read more