Chain News Today TheBitTimes.com

Daren Li was recently indicted in the Central District of California on a charge of conspiracy to commit money laundering. Li is allegedly the mastermind behind a money-laundering syndicate that was moving funds for ‘pig-butchering’ scams.  The scammers allegedly used fake versions of CoinZoom and Crypto.Com to convince victims to transfer funds. Often, the victims were induced to send funds to bank accounts of shell corporations set up by the scammers; these corporations include entities like CMD Export and Import.  Another Chinese money laundering scheme tied to Deltec and Tether The indictment describes two accounts held at a bank in the Bahamas. One of these accounts was opened by Li’s co-conspirators in Los Angeles, with Li providing funds to help open it. The other received approximately $35.4 million from victims of the scam. After victims’ funds were transferred to this bank, they were converted to USDT and moved to Li’s account at Binance...

Former United States President Donald Trump has reiterated his opposition to central bank digital currencies (CBDCs), maintaining that they pose a risk to financial privacy. According to Trump, if elected in the November presidential polls, he will block the implementation of the currency, citing the protection of the Second Amendment. He made the remarks during a campaign stop in Rochester, Hampshire, on January 21. “I will fully uphold the Second Amendment. I will never allow the creation of a central bank digital currency where they can rob your money . We will protect innocent life, and we will restore free speech,” Trump said.  This is not the first time Trump has expressed his opposition to CBDCs. As reported by Finbold, Trump stressed that he intends to ban the implementation of the currency, vowing never to allow it in the US. Cryptocurrency Robert Kiyosaki reveals 3 better investments than real estate in 2024 Cryptocurrenc...

Coinbase will allow users to send money globally via popular messaging apps like WhatsApp, iMessage, and Telegram. The transactions are instant and free, breaking down geographical barriers. To facilitate these transfers, both the sender and receiver need the Coinbase Wallet. Cryptocurrency exchange giant Coinbase yesterday rolled out a groundbreaking service, allowing users to send money globally through well-known messaging and social media platforms. The move aims to provide greater utility to its digital wallet and attract new users amidst a thriving crypto market. Global money transfers using messaging apps Coinbase now enables customers to send money global ly through widely used messaging apps such as WhatsApp, iMessage, and Telegram. This move allows for seamless transactions, breaking down geographical barriers. Users can send money to recipients in different countries, and the settlement of transfers is both instant and free of charge. Coinb...

The ARB airdrop followed the sell-the-news narrative, but Arbitrum's Dapp use and fundamentals remain strong and smart money continues to buy ARB tokens. The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with the selling pressure of ARB tokens likely done with, making the rollup well-positioned for further growth. Arbitrum ecosystem tokens sees sell-the-news type event The Arbitrum (ARB) airdrop was announced on March 16, which caused a significant uptrend in native token prices of Arbitrum ecosystem projects like GMX), Magic , Gains Network (GNS) and Radiant Network (RDNT). The primary reason behind the pump was the ARB airdrop catalyzing the Arbitrum ecosystem’s growth. However, according to a report from An Ape’s Prologue, “this thesis was seemingly front-run,” as the price surge mainly occurred between the period of the airdrop announc...