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FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket
6.9.2024
The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older...
Nigerian Scammer’s Crypto Wallet Seized by Kansas Attorney General
6.9.2024
Kansas Attorney General Kris Kobach announced the recovery of an international crypto wallet and stated that the funds will be returned to a Kansas resident defrauded in a crypto scam. This followed a lawsuit against Bimbo Toyin Akinyemi, a Nigerian national accused of the fraud. The court ordered...
California passes bill to prohibit unauthorized AI replicas of the deceased
4.9.2024
California’s Senate passed Assembly Bill 1836, prohibiting unauthorized AI-generated replicas of deceased personalities without prior consent to protect performers’ rights and likenesses
California passes bill to prohibit unauthorized AI replicas of the deceased
4.9.2024
California’s Senate passed Assembly Bill 1836, prohibiting unauthorized AI-generated replicas of deceased personalities without prior consent to protect performers’ rights and likenesses
Crypto scams involving Bitcoin ATMs explode by 1,000% since 2020: FTC
4.9.2024
As Bitcoin ATM scams surge, particularly targeting older adults, the FTC and industry leaders stress the importance of caution and preventive measures
Crypto Hedge Fund Galois Capital Fined $225,000 by SEC for Custody Rule Violations
3.9.2024
The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about...
Coinbase Shares Tips to Protect From Crypto Scams
29.8.2024
Crypto exchange Coinbase supports the Australian government’s Scams Awareness Week, emphasizing the importance of consumer education to combat fraud. Coinbase APAC’s managing director offered tips for investors to protect themselves from scams, such as verifying URLs and using...
White hat ‘SEAL’ team protecting from crypto hacks surpasses 900 investigations
27.8.2024
The crypto security team is preparing to launch a battleground for hackers and crypto protocols at the DeFi Security Summit at Devcon in November
White hat ‘SEAL’ team protecting from crypto hacks surpasses 900 investigations
27.8.2024
The crypto security team is preparing to launch a battleground for hackers and crypto protocols at the DeFi Security Summit at Devcon in November
Colombian Data Protection Authority Formulates Charges Against Worldcoin
25.8.2024
The Colombian Industry and Commerce Superintendence (SIC), the personal data protection authority of the country, has formulated charges against Worldcoin, the biometric digital ID project, for violations of the personal data regime. The institution stated that the accusation focuses on determining...
Kraken Crypto Exchange Fined by Australian Court
24.8.2024
The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized...
Gate Ventures, Abu Dhabi Blockchain Center Launch $100M Innovation Fund
21.8.2024
Gate Ventures (crypto exchange Gate.io’s VC arm) and Abu Dhabi Blockchain Center partnered to launch Falcon Gate Ventures, a $100 million fund supporting Web3 innovation. The fund aims to stimulate global Web3 growth and solidify the United Arab Emirates’ position as a digital economy...
Hong Kong issues generative AI guidelines for consumer protection
20.8.2024
The HKMA introduces new principles for using generative AI, emphasizing governance, transparency, and data protection in consumer-facing applications
Google Faces Lawsuit After $5M in Crypto Stolen via Play Store App
18.8.2024
A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the app, Yobit Pro, exploited Google’s marketing...
Canadian regulators are looking to investor protection with stablecoin rules — CIRO
13.8.2024
CIRO executive Suzanne Lasrado offered her opinion on the regulatory guidelines affecting Canadian stablecoin users at the Blockchain Futurist Conference
Ecuador’s Data Protection Agency Lacks Resources to Assess Worldcoin’s Compliance Status
13.8.2024
The Superintendence of Data Protection, Ecuador’s data protection agency, stated that it lacks the resources needed to assess the compliance of Worldcoin, the biometric and universal basic income (UBI) project, with the country’s laws. The head of the institution, Fabrizio Peralta-Diaz...
CFTC Pays $1M to Whistleblower in Digital Asset Case
11.8.2024
The Commodity Futures Trading Commission paid a $1 million whistleblower award for information leading to an enforcement action in digital asset markets. CFTC Enforcement Director Ian McGinley said whistleblower tips are increasingly crucial as more Americans fall victim to digital asset scams....
Elon Musk’s X suspends data collection for AI training, EU watchdog says
9.8.2024
After proceedings in an Irish court, the local Data Protection Commission said X agreed to suspend processing personal data of EU users to train its AI system
MetaMask users gain 2FA security via MultiversX Snap integration
8.8.2024
The MultiversX Snap for MetaMask introduces a new level of security, embedding two-factor authentication directly into the blockchain protocol for enhanced protection
MetaMask users gain 2FA security via MultiversX Snap integration
8.8.2024
The MultiversX Snap for MetaMask introduces a new level of security, embedding two-factor authentication directly into the blockchain protocol for enhanced protection