Former Investment Banker Charged In Crypto Fraud Case Binance.US To Pull Tron, Spain To Send 328,000 Tax Warning Notices To Crypto Holders

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Scam newsFormer investment banker and registered broker Rashawn Russell has been indicted in federal court in Brooklyn, New York, USA, for defrauding investors by promising profits on false cryptocurrency investments and misappropriating the funds, the US Department of Justice (DOJ) announced. “As alleged, Russell turned the demand for cryptocurrency investments into a scheme to defraud many investors in order to fund his lifestyle,” said Breon Peace, United States Attorney for the Eastern District of New York. A Hong Kong architect has fallen victim to a cryptocurrency investment scam after being cheated out of HK$24.5 million (US$3.12 million), the South China Morning Post reported, citing sources. The scammer posed as an architect from Taiwan, talking to the victim on WhatsApp. Between last June and January this year, it transferred the funds to designated bank accounts in 65 transactions, the source said.Exchange newsBinance.US, the US arm of Binance, has announced that it will withdraw TRON (TRX) and Spell (SPELL) from its trading platform. Deposits for these coins will be closed on April 17 and exchanges will be closed on April 18. Withdrawals for SPELL and TRX will remain open, the announcement said, adding that the exchange will continue to support TRC-20 USDT and USDC issued on the TRON Network. Argentina’s securities regulator, the National Value Commission, has approved a Bitcoin (BTC)-based futures index set to debut on the Matba Rofex exchange. The Bitcoin futures contract will begin trading in May, the press release states. The contract will be based on the price of BTC provided by various entities in the country offering BTC/ARS trading pairs, while all transactions will be settled in the national fiat currency, the Argentine Peso. digital asset platform” to receive approval from the National Digital Assets Commission to obtain a license as a digital asset service provider under the new Salvadoran law on the issuance of digital assets, reads the press release.Tax NewsThe Spanish Agency for Tax Administration (AEAT) plans to send 328,000 warning notices to those who should pay tax on crypto-assets for the 2022 financial year, according to the newspaper local El Mundo The number of reviews in Spain has increased by 40% in one year, compared to 150,000 in 2022. Meanwhile, they sent 15,000 reviews in 2021. Legal newsTwitter will be added as a defendant in the class action lawsuit which Alleges Dogecoin (DOGE) is a Ponzi scheme manipulated by Elon Musk, “if plaintiffs get what they want,” The Block reported, citing a lawyer in the case.Banking News conversions via licensed crypto exchanges, HashKey and OSL, The Standard reported, citing CEO Ronald Iu. The bank will act as a “settlement bank for customers to allow withdrawals in Hong Kong, China and US currencies after depositing crypto tokens with exchanges,” Iu said. new commitment to support the popular decentralized exchange (DEX) protocol Uniswap. He created a new division, Gauntlet Applied Research, which offers quantitative analytics, custom modeling and optimization, “building on the company’s core capabilities in risk management solutions for decentralized finance ( DeFi),” the press release reads. For Gauntlet Applied Research’s first engagement, Gauntlet received a grant from the Uniswap Foundation to review and recommend incentive program optimizations for the Uniswap protocol. Payments NewsWert, the payment solution provider enabling fiat payments in Web3, has announced its partnership with Avata, an InsurTech service provider, to provide protection for consumers who purchase non-fungible tokens (NFTs) on platforms leveraging Wert’s payment solution. “The opt-in guarantee option backed by blockchain insurance pioneer YAS assures customers that the value of their digital assets is protected against potential losses and will cover up to 90% of the asset value digital for any stolen NFTs due to smart contract hacks,” the press release reads.

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