Crypto exchange Binance is facing a $4.3 million USD fine by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for violating terrorist financing and money laundering laws, the Canadian regulator announced Thursday.According to a  press release, Binance will have to pay $6,002,000 CAD in administrative monetary penalties for failing to register with FINTRAC as a foreign money services business as well as failing to report cryptocurrency transactions of $10,000 or more within a single payment.

Blockdaemon, a crypto infrastructure provider, said it is adding Liquid Collective’s ecosystem to its platform, this in turn will allow its developers to contribute to the ETH liquid staking protocol.

Thanks to a recent partnership, developers can build non-custodial, on-chain Web3 games and products as Telegram Mini Apps (TMAs).

Web3 games are having an excellent week, with Nyan Heroes, Shrapnel, and The Sandbox in the spotlight.

Tether Operations Limited, the USDT stablecoin issuer, disclosed today its plans to expand its presence in Eastern Europe through further investment in CityPay.io.

Nigeria has fired back at Binance Holdings’ bribe accusation, claiming it’s a distraction to shift focus away from the exchange’s actions.

Democratic representatives have introduced the US Blockchain Integrity Act to tighten regulations in the cryptocurrency sphere. The act aims to crack down on cryptocurrency mixers, often utilized for illicit financial activities. Led by Sean Casten and supported by fellow Democrats, the proposed bill seeks to enact a two-year ban on cryptocurrency mixers.

Coincheck is set to become a publicly traded company by listing on Nasdaq, as revealed by the exchange on May 8. The company is seeking to achieve this through a merger with Thunder Bridge Capital Partners IV (THCP) by the third quarter (Q3) of 2024.

Payments giant Mastercard joined several leading U.S. banks on Wednesday to test new distributed ledger technology to enable tokenized asset settlement between its entities.

Three American sports personalities, Rob Gronkowski, Victor Oladipo, and Landon Cassill, agreed on May 3 to collectively pay $2.42 million to settle allegations in the Voyager promotion case.

The U.S. House of Representatives is set to vote this afternoon on a resolution proposed by Representatives Wiley Nickel (D-NC) and Mike Flood (R-NE) that would see a formal disapproval of the United States Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121.

Ripple Labs and the United States Securities and Exchange Commission (SEC) have made significant progress in their ongoing legal battle as the SEC filed its final reply in the lawsuit’s remedies stage. 

In an announcement on Tuesday, the U.S. Attorney’s Office for the Southern District of Florida said Todd pleaded guilty to “willfully causing” Digitex to violate the Bank Secrecy Act. Notably, authorities indicted the former CEO in February.

The Hong Kong Securities and Futures Commission (SFC) has warned the public regarding Quantum AI, an entity allegedly engaged in fraudulent activities related to virtual assets and impersonating Elon Musk. Quantum AI claims to leverage artificial intelligence technology to provide cryptocurrency trading services.

Blockchain data firm Chainalysis, has established a headquarters in Dubai for Southern Europe, Middle East, Central Asia, and Africa regions. The firm aims to deepen its support of the UAE’s global crypto hub push.

China, known for its significant share of the global cryptocurrency mining industry, has been grappling with the environmental ramifications of its burgeoning blockchain sector.