Search
Indonesian Crypto Exchange Hit by $20.5M Hack, Lazarus Group Suspected
11.9.2024
Web3 security firm Cyvers detected suspicious transactions on Indonesian exchange Indodax’s wallets on September 11th. The attack involved over 150 transactions and digital assets worth an estimated $20.58 million are believed to have been stolen. Some experts suspect the North Korean...
Singapore’s Parliament Addresses Worldcoin Account Misuse and Privacy Risks
11.9.2024
Singapore’s Deputy Prime Minister Gan Kim Yong addressed concerns in Parliament regarding the risks of Worldcoin’s operations in Singapore, including potential money laundering through the sale of accounts. He emphasized that although Worldcoin does not perform a payment service under...
FCA Files First Charges Against Unregistered Crypto ATM Operator in UK
11.9.2024
The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that...
Owner of unlicensed UK crypto ATM network faces criminal charges
10.9.2024
The FCA is throwing the book at the head of GidiPlus Limited for operating an ATM network after being denied registration
Cardano and XRP Traders Receive Critical Alert, Smart Money Takes Action
10.9.2024
Renowned crypto analyst Ali Martinez recently took to X to warn investors of an impending slump. Specifically, Martinez…
Singapore probes illegal Worldcoin accounts and token sales
10.9.2024
Singapore investigates unauthorized Worldcoin account sales as regulators raise concerns over data misuse and criminal activity
Nigeria Resumes Dollar Sales to Money Changers Amid Naira’s Decline
10.9.2024
The Central Bank of Nigeria resumed selling US dollars to money changers to address the falling value of the naira. This decision came after the naira-to-dollar exchange rate dropped to a low of NGN1,639 per dollar, likely due to increased demand for US dollars for travel and business. The central...
Arthur Hayes predicts Bitcoin rally after closing short position
8.9.2024
Bitcoin could start its rally next week, on a potential liquidity injection in the world’s largest economy
Roblox will allow devs to skip Robux and charge players in fiat money
7.9.2024
The company has also partnered with Shopify to enable physical merchandise sales from directly within Roblox experiences
First Seizure of Stablecoins Recorded in Argentina as Authorities Disrupt Money Laundering Operation
7.9.2024
In what local media are calling the first operation of its kind, the Argentine judicial system ordered the seizure of nearly $28,600 in stablecoins from a criminal organization that used cryptocurrency to launder millions of dollars. The criminals obtained these funds from two main activities:...
87% of crypto registrations failed in UK over ‘weak’ fraud, AML controls
6.9.2024
Only 4 out of 35 crypto business registrations were accepted by the UK Financial Conduct Authority citing concerns with money laundering adherence
UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval
5.9.2024
The FCA approved only four of the 35 applications it received in the year ended March 31
China Urged to Establish Unified Crypto Regulations for Seized Digital Assets
5.9.2024
A law professor at the East China University of Political Science and Law has highlighted the urgent need for China to standardize procedures for recovering illicit digital assets due to a rise in cryptocurrency-related crimes. He stressed the lack of uniform standards complicates asset recovery...
Report Disputes EIP-1559’s Role in Ethereum’s ‘Ultrasound Money’ Narrative
3.9.2024
Mark Odayan, head of research at 2077 Research, asserts that Ethereum’s EIP-1559 should not be equated with the concept of “Ultrasound Money.” Odayan’s insights aim to clarify the transaction fee mechanism introduced by EIP-1559 and address widespread misunderstandings. Ethereum’s...
Binance exec’s trial brought forward despite no access to legal counsel
2.9.2024
Amidst multiple alleged money laundering charges, the Nigerian government claims that Binance was responsible for the decline of its Naira currency
Chase ‘infinite money’ glitch leaves TikTokers in huge debt
2.9.2024
Users on social media have been reporting a “glitch” with Chase Banks ATMs that allowed them to withdraw large sums without having sufficient funds in their accounts
Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates
1.9.2024
Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that...
Washington Man Faces Charges in $64 Million Crypto Laundering Scheme
31.8.2024
A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or converted to cryptocurrencies such as bitcoin and ethereum...
Bitcoin collateralized loans can accelerate capital velocity: Ledn CEO
30.8.2024
Sprawling bureaucracies, inefficient processes, and fax machine-era technology have hampered economic development and capital velocity
Bitcoin collateralized loans can accelerate capital velocity: Ledn CEO
30.8.2024
Sprawling bureaucracies, inefficient processes, and fax machine-era technology have hampered economic development and capital velocity