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Deputy U.S. Treasury Secretary Puts “Bad Actors” in Crypto on Notice, Delivers Remarks at D.C. Policy Summit
29.11.2023
U.S. Deputy Treasury Secretary, Wally Adeyemo, had choice words for “bad actors” in the crypto space while delivering remarks at the Blockchain Association’s Policy Summit in D.C. Wednesday. “We will find you and hold you accountable” “I want to directly address those within the digital...
Zipmex Proposes Repayment of 3.35 Cents Per Dollar to Creditors in Latest Restructuring Plan
29.11.2023
Source: Zipmex Zipmex has put forward a new proposal to repay creditors, initially offering 3.35 cents for each dollar of their claims as part of its restructuring efforts, according to Bloomberg. This initial payout is part of a broader plan to address the crypto exchange’s $97.1 million...
Bitcoin Whale Soars to 72nd Rank in 2 Weeks, Gathering Over 10,000 BTC Amid ETF Buzz
28.11.2023
This week, observers in the crypto sphere have kept a close eye on a notable bitcoin whale address, which impressively climbed from the 492nd spot to become the 72nd largest bitcoin holder in a mere fortnight. This substantial addition of over 10,000 bitcoin occurs amidst widespread speculation...
Indian Airport Threatened With Bomb Blast if $1M Bitcoin Not Paid in 48 Hours
24.11.2023
Source: Pexels Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) in India received a bomb threat on Thursday, with an anonymous sender demanding $1 million in Bitcoin (BTC) within 48 hours. The threatening email, originating from the address quaidacasrol@gmail.com,...
Suspicious Wallet Activity Indicates $110 Million Drain from HECO Bridge and HTX Exchange – What’s Going On?
22.11.2023
Blockchain security firms detect suspicious activity on HECO bridge and HTX with initial losses estimated at $110 million weeks after $100 million was drained from Poloniex. According to data from Cyver Alerts, a suspicious address has received $12 million from HTX cryptocurrency exchange followed...
dYdX DEX and YFI Token Hit by $9 Million Targeted Attack – Here’s What Happened
19.11.2023
Image Source: Unsplash Decentralized exchange dYdX has used its insurance fund to cover losses amounting to $9 million resulting from a “targeted attack” against the exchange. In a Saturday post on X (formerly Twitter), the dYdX team said that the v3 insurance fund was deployed...
Turkey’s New Crypto Asset Regulations Expected in 2024 – Focus on Taxation and Licensing
16.11.2023
Source: Pixabay Turkey officials confirmed that the nation is considering debuting a new crypto market regulation, effective 2024. The regulation will emphasize addressing crypto licensing and taxation, per a Reuters report. Turkey is seeking to address concerns raised by the Financial Action Task...
CFTC Chairman: U.S. Regulators Lack Authority to Prevent Another Major Crypto Collapse
15.11.2023
Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam has stated that U.S. regulators lack the authority to preemptively prevent another major crypto collapse similar to the FTX incident. Speaking at the Financial Markets Quality Conference 2023 at Georgetown University, Behnam...
Fed Chair Powell’s Hawkish Tone Rattles Markets as Inflation Concerns Persist
10.11.2023
Amid an uncertain economic landscape, Federal Reserve Chair Jerome Powell’s recent remarks have amplified the debate on the sufficiency of prevailing interest rates. Even with robust gross domestic product growth, Powell’s address indicated the Fed’s stern stance, as he noted...
47 Countries Adopt New CARF Framework on Automatic Exchange of Information Between Tax Authorities
10.11.2023
Source: Adobe/amirul syaidi A consortium of 47 countries, including the US, the UK, and Australia, have adopted a new framework for the automatic exchange of information between tax authorities. The framework, known as the Crypto-Asset Reporting Framework (CARF), was developed by the Organisation...
Cardano-Based DEX MuesliSwap Plans Refund Site for User Losses – What’s Going On?
9.11.2023
Source: Adobe / Who is Danny In a recent update, MuesliSwap, one of the most popular decentralized finance (DeFi) protocols on the Cardano blockchain, has announced its intention to launch a refund site to address concerns raised by users regarding losses due to high slippage over the past year....
DeFi Protocol SafeMoon Still Running Despite Securities Violations
3.11.2023
Decentralized finance (DeFi) protocol SafeMoon has addressed the recent litigation by the United States Securities and Exchange Commission (SEC), expressing its intent to seek a resolution. We are reviewing the recent news and we of course take these issues extremely seriously. As we receive more...
Voyager Token Jumps 20% as $7.3M VGX Sent to Burn Address
3.11.2023
The native token [VGX] of bankrupt crypto brokerage firm Voyager Digital surged by 19% on Friday after on-chain data revealed that a Voyager wallet sent 52 million tokens ($7.3 million) to a burn address
Multichain Bridge Exploit: Trader’s $280K Becomes $1.9 M Windfall
2.11.2023
A wallet address has managed to transform nearly 1.9 million Fantom tokens, initially worth $280,000, into $1.9 million after the long-frozen Multichain Bridge momentarily opened. The Multichain Bridge, which had been inactive since its exploitation back in July 2023, opened and quickly closed...
JPEX Scandal Won’t Deter Hong Kong’s Web3 Market Development, Says Treasury Secretary
2.11.2023
Amidst the $213 million scandal involving the cryptocurrency exchange JPEX, the Hong Kong government has maintained its commitment to advancing its Web3 vision for the region. Christopher Hui, the Secretary for Financial Services and the Treasury of Hong Kong, assured the city’s vision...
Turkey Aims to Leave FATF Grey List with Proposed Crypto Asset Legislation
1.11.2023
Turkey is taking steps to toughen its crypto regulations in an effort to convince the Financial Action Task Force (FATF), an international financial crime watchdog, to remove it from the “grey list” of countries that have not done enough to combat money laundering and terrorist...
Bankrupt Crypto Firms Alameda Research and FTX Move $10 Million in Crypto to Exchange Accounts, Raising Questions
26.10.2023
Wallets linked to bankrupt crypto firms Alameda Research and FTX moved over $10 million worth of cryptocurrency to a single wallet address, which then deposited the funds to exchange deposit accounts. ???? #FTX and #Alameda related addresses are depositing tokens to exchanges! Via address 0xde9...
Nansen: FTX and Alameda Research Wallets Shift $8.6M in Crypto Assets to Binance
25.10.2023
On Wednesday, Nansen, an onchain analytics provider, illuminated a series of intriguing transactions originating from FTX and Alameda Research addresses, now under the stewardship of the FTX creditors. A substantial sum of $8.6 million in cryptocurrency assets found its way to an address associated...
Lightspark Open Sources Email-Like Protocol UMA; Raises Debate on Compliance
25.10.2023
Lightspark, a Lightning Network (LN) financial services company, has announced it has open-sourced Universal Money Address (UMA), a protocol similar to email, but for money. The protocol will be interoperable, allowing platforms to exercise due compliance on the transactions facilitated,...
U.S. Lawmakers Press Biden Administration to Address Hamas' Crypto Funding
23.10.2023
The U.S. government is tightening trade restrictions on Hamas-related to entities as Congress presses the Biden administration to do more about the terrorist group’s sources of crypto funding.
On October 17, over 100 senators petitioned U.S. Treasury and White House officials highlighting...