When the U.S. District Court for the Southern District of New York dismissed Binance's "aiding and abetting terrorism" lawsuit on the grounds of "failure to prove a direct link," the significance of this case went far beyond a mere judgment.
JinseFinanceTwenty blockchain startups raised a total of $72.8 million in funding this week. Gnosis HQ (formerly Headquarters) received $15 million from Gnosis in an acquisition round — the largest funding round of the week.
JinseFinanceThis week, 16 blockchain startups raised a total of $3 billion in funding, with Deribit raising $2.9 billion from Coinbase in a round of acquisition financing, the largest round of funding this week.
JinseFinanceThis week, 27 blockchain startups raised $160.7 million in funding. Blockaid closed a $50 million Series B round, the largest round of the week.
JinseFinanceA lawsuit seeks to direct Binance’s $4.3 billion settlement to the Victims of State Sponsored Terrorism Fund, challenging the DOJ’s handling of settlement proceeds meant for affected individuals.
Xu LinThis week, 28 blockchain startups raised $169.7 million in funding. The largest round was raised by Babylon, which raised $70 million. 13 projects received seed and pre-seed funding, and 15 projects received other rounds of funding.
JinseFinanceUS Senators introduce the Terrorism Financing Prevention Act, aiming to combat cryptocurrency's role in funding terrorism, prompted by the October Hamas attack on Israel.
Hui XinU.S. legislators are pressing the Department of Justice to expedite the investigation into Binance and Tether concerning terrorism financing.
Hui XinChainalysis doubts reports on terrorists using cryptocurrency, with concerns about exaggerations following the recent Hamas attack in Israel.
JasperAccording to a report published by Europol, crypto is one of the main tools used by individuals linked to terrorism financing.
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