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Binance Executive Pleads Not Guilty to Money Laundering Charges
Tigran Gambaryan, a Binance executive who was detained by Nigerian authorities alongside his colleague Nadeem Anjarwalla, pleaded not guilty to money laundering charges at a high court on Monday. Local reports state that Gambaryan, the head of Binance's financial crime compliance, is on remand until trial, with the option to request bail until April 18.......
PRO | Are You Ready For A 30% Pullback?
GM & welcome to our second Milk Road PRO report, rolling into your Saturday as reliably as the ice cream truck on a hot summer day.We're going to dive right in with a burning question that you should actively be thinking about. Are you prepared for a 30% pullback? What about a 50% pullback? Or even......
Jury Finds Terraform Labs and Do Kwon Guilty of Crypto Fraud
A jury in the United States District Court for the Southern District of New York has found Terraform Labs and its co-founder, Do Kwon, liable for defrauding investors in crypto asset securities. The verdict, delivered after a nine-day trial, marks a significant victory for the Securities and Exchange Commission (SEC) in its efforts to regulate......
🥛 The 5 worst trades of the year 💩
GM. This is Milk Road, where we slice through the crypto buzz like a hot knife through butter – smooth, effortless, and straight to the point.Here’s what we got for you today:The top 5 worst trades of the year 💩Watch the first Milk Road Weekly Rollup 📽️The average crypto portfolio is up $2,804 in 2024......
FTX Bankruptcy Estate Sells Majority of $2.6 Billion Solana Token Hoard
The bankruptcy administrators of the collapsed cryptocurrency exchange FTX have sold approximately two-thirds of a $2.6 billion stash of Solana (SOL) at a heavily discounted price. The deal attracted interest from prominent industry players such as Galaxy Trading and Pantera Capital. According to the details shared by Bloomberg, the deal saw between 25 million and......
PayPal Introduces Fee-Free Cross-Border Money Transfers Using PYUSD Stablecoin
PayPal has announced a new feature that allows U.S. users to fund cross-border money transfers using USD converted from its native stablecoin, PayPal USD (PYUSD). The service, powered by PayPal's money transfer platform Xoom, enables users to send money to friends and family in approximately 160 countries without incurring any Xoom transaction fees. Key points:......
Ethereum May Lessen Chances of ETH Being Classified as a Security: JPMorgan
Analysts at JPMorgan have noticed a continued decrease in staking platform Lido's share of staked Ethereum (ETH). The analysts believe this should alleviate concerns about concentration in the Ethereum network. In a research report released on Wednesday, the analysts, led by Nikolaos Panigirtzoglou, highlighted that this trend could potentially reduce the likelihood of ETH being......
🥛 Crypto has a new stablecoin 👀
Today’s edition is brought to you by BetterHelp – your well-being is an investment worth making.Take the Personalized Assessment.GM. This is Milk Road, where we bring you the crypto news that matters – no detours, straight to the destination.Here’s what we got for you today:Crypto’s getting a new stablecoin 👀Milk Road is launching a podcast......
Ripple Unveils Plans to Launch USD-Pegged Stablecoin on XRP Ledger
Ripple, the enterprise-focused blockchain service, has announced its intention to introduce a new stablecoin pegged to the U.S. dollar later this year. The stablecoin will initially be deployed on the XRP Ledger and the Ethereum blockchain. Key points: Ripple's stablecoin will be backed by USD deposits, short-term U.S. government treasuries, and other cash equivalents. The......
Coinbase Receives Restricted License in Canada Amid U.S. Regulatory Challenges
Coinbase achieved a significant milestone in its global expansion efforts by obtaining a registration license in Canada. Canadian Securities Administrators (CSA) has registered Coinbase as a restricted dealer, as the company recently informed CNBC. This authorization allows Coinbase to operate legally in the country and deepens its international presence as it faces regulatory hurdles in......
