BITCOIN

Nearly $4.8 million has been used to fund cryptocurrency and blockchain education efforts in Kenya, the CEO of Tools for Humanity, Alex Blania, recently revealed. Blania also denied allegations that Worldcoin plans to sell users’ biometric data obtained via its eyeball-scanning orbs. More Funding on the Way Tools for Humanity (TFH), the organization supporting the development and growth of Worldcoin’s ecosystem, has so far invested nearly $4.8 million in Kenya, the software company’s CEO Alex Blania recently revealed. Speaking before the East African country’s parliament, Blania claimed that the money was used to fund cryptocurrency and blockchain education efforts. However, according to a report in The Star, TFH did not directly engage in such education-related activities. Instead, it relied on third parties and partners such as Strathmore University, the Blockchain Association of Kenya, the American Chamber of Commerce, and the Africa Blockchain Centre. According to Blania, TFH

Deutsche Bank, the largest bank in Germany by total assets, is collaborating with Swiss digital asset firm Taurus to provide clients with crypto custody and tokenization services. “As the digital asset space is expected to encompass trillions of dollars of assets, it’s bound to be seen as one of the priorities for investors and corporations alike,” said Deutsche Bank’s global head of Security Services. Deutsche Bank Entering Crypto Custody and Tokenization Space Financial giant Deutsche Bank is collaborating with digital asset technology provider Taurus to offer crypto custody and tokenization services, Taurus announced on Thursday. The digital asset firm stated in a press release: Deutsche Bank has entered a global agreement with Taurus … Deutsche Bank will leverage Taurus custody and tokenization technology to manage cryptocurrencies, tokenized assets, and digital currencies. A Deutsche Bank representative explained that the partnership means Germany’s largest banking institut

Cryptocurrency exchange Binance has been criticized for pledging to help victims of Morocco’s devastating earthquake by airdropping its native crypto token. According to Action on Armed Violence’s Iain Overton, people affected by the earthquake are only interested in getting immediate assistance and not crypto. Binance Accused of Using Devastation to Prop Up Its Image , one of the top cryptocurrency exchanges globally, has been criticized over its decision to donate its crypto token known as BNB to Moroccans in places most affected by the recent earthquake. Some critics accuse Binance of using the devastation caused by the earthquake to boost its image. According to the Red Cross , Morocco’s 6.8 magnitude earthquake has killed more than 2,800 people and affected more than 300,000. In some places, like the isolated Atlas Mountains, entire villages were left almost completely destroyed. In response, well-wishers including Binance have pledged financial assistance. In a statement ,

The Finance Ministry in Moscow is pushing to legalize decentralized financial organizations to attract capital to Russia’s regulated market for digital assets. The department hopes this would allow some of the liquidity in the decentralized finance (defi) and crypto space to be invested in Russian digital financial assets (DFAs). Russian Government Looks to Defi Space for Investment Capital The Ministry of Finance of the Russian Federation is considering the possibility of legalizing activities of decentralized financial organizations referred to as ‘defi DAOs’ (Decentralized Autonomous Organizations) in a report by the Interfax news agency. The ministry believes the move would allow some of the liquidity in that sector to transfer to the market for Russian digital financial assets (DFAs). Under Russia’s current law on “Digital Financial Assets,” which went into force in January 2021, the term DFAs covers digital coins and tokens that are launched by legal entities on private block

Since his arrest in April 2021, Roman Sterlingov, the alleged operator of the crypto mixing service Bitcoin Fog, has been defending his claimed innocence for more than two years. Recent court filings indicate Sterlingov’s legal team is challenging the Reactor software from Chainalysis, which was presented as evidence in the case. Sterlingov’s attorney contends that the Reactor’s heuristics have “no known error rates for, no rates of false positives, no rates of false negatives, nor any peer-reviewed paper attesting to their accuracy. Attorney Labels Chainalysis Methods as ‘Junk Science’ in Bitcoin Fog Trial A recent court filing from the lawsuit against Roman Sterlingov, who is accused of operating the crypto mixing application Bitcoin Fog, reveals that his attorneys are challenging the Reactor software from Chainalysis. Attorney Tor Ekeland labeled the Reactor software’s heuristics as “junk science” in court, as reported by Bloomberg. In the court document, Sterlingov’s legal team

Chief Executive Officer of Binance US, Brian Shroder, has left the company amid an ongoing regulatory crackdown and more job cuts. Shroder’s departure comes two years after he joined the American subsidiary of the world’s largest cryptocurrency exchange by daily trading volume. Shroder Departs Binance US as Unit Eliminates Over 100 Positions The CEO of Binance US, Brian Shroder, has quit his job and has been replaced on the post by an interim appointment, the exchange’s Chief Legal Officer, Norman Reed, Bloomberg revealed in a report quoting a company spokesperson. Shroder is leaving while the Miami-based entity is reducing its workforce by a third, or more than 100 employees, amid persisting pressure from regulators that has hurt its business. Its monthly trading volume has fallen below early 2020 levels. Binance US’s market share dropped to 1.5% in June, according to digital assets market data provider Kaiko, and currently stands at around 0.6%, down from 2.39% in April of this