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Cambodia Introduces Crypto Regulation Requiring Licensing for Digital Asset Activities
29.12.2024
The National Bank of Cambodia (NBC) has issued new regulations on crypto-related activities. The directive, dated Dec. 26, mandates that individuals or entities involved in crypto asset transactions, such as fund mobilization, trading, and settlements, must obtain a license from the relevant...
Millions in SOL at Stake: Solana Co-Founder Hit With Fraud Lawsuit by Ex-Wife
28.12.2024
Stephen Akridge, a co-founder of blockchain platform Solana, faces a lawsuit from his ex-wife, Elisa Rossi, alleging he misappropriated millions in solana (SOL) token profits. Rossi claims Akridge exploited his advanced crypto knowledge to secretly collect her staking rewards. The lawsuit, filed...
Russia Reveals 20+ Countries Eye BRICS—Is a New Global Order Forming?
24.12.2024
BRICS is drawing interest from more than 20 nations eager to establish stronger ties, Russian Presidential Aide Yury Ushakov revealed. “The doors of the association remain open to like-minded countries. At the moment, over two dozen more countries have shown interest in a systemic dialogue...
Crypto Scam Busted—Victims One Step Closer to Justice
21.12.2024
A South Lake Tahoe man, Daniel Chartraw, 51, faces a 12-count federal indictment for wire fraud linked to a cryptocurrency trading scheme, per U.S. Attorney Phillip A. Talbert. Arrested recently, Chartraw allegedly misled investors through his companies, Crypto-Pal LLC and TDA Global, by falsely...
US Charges 2 Men in $22 Million NFT Rugpull Crypto Fraud Scheme
21.12.2024
Two Southern California men, Gabriel Hay and Gavin Mayo, face charges for allegedly defrauding investors of over $22 million in cryptocurrency through fraudulent NFT and digital asset schemes. The indictment reveals they conducted a series of “rugpulls,” soliciting funds for NFT projects that were...
Prison Time Looms for Bitcoin Trader—Justice or Crypto Clampdown?
14.12.2024
A Massachusetts man, Alan Joseph, 36, has been convicted of operating an unlicensed money transmission business and laundering funds after converting cash linked to counterfeit goods into bitcoin, Homeland Security Investigations (HSI) announced on Thursday. Convicted on Nov. 22, following...
EU Bleeds €1.5 Trillion Under Anti-Russian Sanctions, Report
13.12.2024
Russian Deputy Foreign Minister Alexander Grushko has claimed that the European Union has suffered financial losses exceeding €1.5 trillion (approximately $1.58 trillion) due to sanctions imposed on Russia. Speaking in Moscow, Grushko described these sanctions as a “self-destructive”...
JPMorgan Hails Historic Rally as Crypto Soars in Unmatched November
12.12.2024
November marked a historic surge in the crypto market, with total market capitalization rising by an unprecedented 45%, reaching $3.3 trillion, according to JPMorgan. “President-elect Donald Trump’s reelection triggered a historic rally and jump in market caps across the crypto...
Iranian Crypto Holdings Equal a Third of National Gold Market
9.12.2024
Iranian crypto holdings, valued between $30 billion and $50 billion, constitute about a third of the national gold market, according to economist Mohammad Sadegh Alhosseini. Daily cryptocurrency trading in Iran is approximately $143 million (100 trillion rials). The Central Bank of Iran (CBI)...
Iran Embraces Crypto Regulation to Counter Economic Sanctions
9.12.2024
Iran is shifting its stance on digital currencies, focusing on regulation rather than imposing restrictions, according to Minister Abdolnaser Hemmati. Speaking at a Tehran event, Hemmati highlighted the government’s plan to mitigate the economic risks of digital currencies while leveraging...
A Crypto Tax Paradise? Czech Republic Pioneers Tax-Free Crypto Policies
8.12.2024
Czech lawmakers have approved a groundbreaking tax reform exempting bitcoin and other digital assets from capital gains tax if held for over three years, effective Jan. 1, 2025. Additionally, annual crypto income below CZK 100,000 ($4,000) will be tax-free. Prime Minister Petr Fiala highlighted...
FBI Cracks $8.3M Crypto Fraud: Launderer Sentenced to Prison and $2.3M Repayment
6.12.2024
A Maryland Heights man, Richard Charles Appelbaum III, has been sentenced to three years in prison and ordered to repay $2.3 million for his role in laundering millions through cryptocurrency. Appelbaum, 40, conspired with others to funnel proceeds from Business Email Compromise (BEC) and romance...
Putin Confirms Digital Ruble Integration in Russia’s Federal Budget
6.12.2024
Russia is set to integrate its central bank digital currency (CBDC), the digital ruble, into its federal budget system starting next year, with nationwide adoption targeted by July 1, 2025, President Vladimir Putin announced at the 15th VTB Russia Calling! Investment Forum. Highlighting ongoing...
Crypto Scam Collapses: Icomtech Founders Sentenced for Ponzi Scheme Fraud
4.12.2024
David Brend and Gustavo Rodriguez, key figures in the cryptocurrency Ponzi scheme Icomtech, have been sentenced to 10 and eight years in prison, respectively, for defrauding thousands of investors. Icomtech falsely marketed itself as a crypto trading and mining company, promising guaranteed daily...
China Stands Firm With BRICS Amid US Tariff Threats
4.12.2024
China has strongly defended the BRICS coalition against the U.S. President-elect Donald Trump’s tariff threats, emphasizing its principles of openness and inclusiveness. Responding diplomatically, Chinese Foreign Ministry spokesperson Lin Jian reiterated that BRICS does not target third parties...
XRP on Fire: Falconx Reports Explosive 10x Growth in Trading
4.12.2024
XRP trading has surged dramatically, with Falconx, an institutional digital asset prime broker, reporting a tenfold increase in volumes during Q4, driven by institutional investors. Austin Reid, global head of revenue and business at Falconx, stated: “XRP trading is on fire. We’ve...
Indian Expert Questions Legality of US Sanctions on BRICS Over Dollar Exit
3.12.2024
Duvvuri Subbarao, former Governor of the Reserve Bank of India, cast doubt on Donald Trump’s proposal to impose 100% tariffs on BRICS nations if they abandon the dollar, calling it legally and practically uncertain. He questioned whether U.S. laws allow sanctions based solely on shifting away...
Brazil Pushes Back on Trump’s BRICS Tariff Threat While Championing Single Currency Vision
3.12.2024
Brazilian officials dismissed U.S. President-elect Donald Trump’s proposed 100% tariffs on BRICS countries as unlikely, characterizing them as rhetoric rather than actionable policies. The Brazilian foreign ministry referenced Trump’s prior unfulfilled tariff threats against China, Mexico...
China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption
2.12.2024
China’s digital yuan (e-CNY), once a frontrunner in central bank digital currencies (CBDCs), faces challenges including corruption scandals and slow adoption due to entrenched online payment giants like Alipay and Wechat Pay. The downfall of Yao Qian, a leading architect of the e-CNY, over...
China Prepares for Western Sanctions With Russia’s Economic Blueprint
1.12.2024
China is closely studying Russia’s strategies for countering Western sanctions, viewing the situation as a model for preparing against similar economic measures in case of a Taiwan conflict. Beijing has reportedly formed an interagency group to analyze Russia’s experiences, from foreign...