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Netflix to Release Documentary about QuadrigaCX CEO Gerald Cotten
coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
Netflix to release documentary about QuadrigaCX CEO s mysterious life and death
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Binance Coin Loses Third Place in Cryptocurrency Ranking Amid US, German Investigations
News Analysis
The Binance Coin recently dropped out of the top three in cryptocurrency market ranking as Binance, the world’s largest crypto asset trading platform, is being investigated by U.S. and German authorities.
As of May 25, the Binance Coin (BNB) ranked fourth in market value at $50.8 billion, dropping from $90.5 billion, its market value on May 17 when it ranked third.
Bloomberg reported this month that Binance is under investigation by the U.S. Department of Justice and the IRS for issues related to money laundering and tax offenses. This is the third time in the past two months that the company has been investigated internationally.
NY AG’s Tether/Bitfinex probe shouldn’t leave lasting scars
The New York Attorney General’s recent $18.5 million settlement with cryptocurrency companies Bitfinex and Tether is hardly the attack on the fledgling sector’s fundamentals some people think it is, Ashley Ebersole suggests.
Mr. Ebersole is a former SEC regulatory and enforcement attorney who is now a partner with the Washington law firm Bryan Cave Leighton Paisner. We recently spoke about the settlement, which concluded an inquiry into an alleged coverup of $850 million in losses of funds held by a payment processor.
In a 2019 filing, the attorney general’s office alleged Bitfinex handed $850 million to the Panamanian entity Crypto Capital without disclosing it to investors. Bitfinex and Tether executives then allegedly engaged in a series of transactions that opened up Tether’s cash reserves to Bitfinex.
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