Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, the US Treasury imposed financial sanctions on eight Canadian money-service companies it claims have done business with sanctioned ‌Iranian entities, the Treasury also moved to cut MEXC off from the US financial system over alleged illicit transactions, and questions remain about Binance’s hot wallet safeguards following its $6.3 billion hack.

The US Treasury imposed financial sanctions on eight Canadian money-service companies it claims have done business with sanctioned ‌Iranian entities.

These companies facilitated the exchange of Iranian rials and other currencies for digital assets, enabling international transactions, a US Treasury Department statement said on Friday.

Read more