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canada's fintrac

FINTRAC Issues Alert on Crypto’s Role in Opioid Money Laundering Amid Growing Concerns

Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) issued an urgent warning on January 23, urging businesses in the cryptocurrency sector to be more vigilant in detecting transactions linked to opioid-related money laundering. Notably, the advisory comes amid growing concerns over the increasing use of digital currencies, such as bitcoin and ether, by criminal organizations. FINTRAC…

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Ethereumss

Ethereum ETFs Continue Poor Form Recording Net Outflow of $14.9 million 

Ethereum exchange-traded Funds (ETFs) experienced a net outflow of approximately $14.93 million, marking the first net outflow after six consecutive days of inflows.  Farside Investor’s UK revealed that Grayscale Ethereum Trust (ETHE) led the outflows, with a significant withdrawal of $22.29 million. In contrast, the Fidelity Ethereum (FETH) attracted an inflow of $7.33 million,…

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yzi labs

YZi Labs: Binance Labs Rebrands with New Leadership and Expanded Focus

Binance Labs has officially rebranded to YZi Labs, marking a strategic shift to reflect its independence and broadened investment priorities. The move, announced on January 23, accompanies new leadership and a vision to explore opportunities in Web3, artificial intelligence, and biotechnology. Meanwhile, Ella Zhang, the founding head of Binance Labs, returns as Head of YZi…

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