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Kenyan Residents Asked to Participate in a ‘Public Survey on Virtual Assets’
18.8.2023
Kenya residents who wish to shape their country’s policy towards the crypto ecosystem can now do so by participating in a public survey on virtual assets and virtual assets service providers, the Financial Reporting Centre (FRC) has said. The FRC says the public’s feedback “will...
UK ‘Travel Rule’ Won’t Completely Nix Transfers to Noncompliant Places, FCA Says
17.8.2023
Companies such as PayPal are already halting their crypto payments services in the country as a result of tighter regulations
Scam Money Is Laundered via Crypto Exchanges — Australian Regulator
17.8.2023
A significant portion of scam money is getting laundered through cryptocurrency exchanges, the CEO of the Australian Banking Association has alleged. The Australian Financial Crimes Exchange said as much as 47% of all fraud and financial scam proceeds in the country are washed on crypto exchange...
Bankman-Fried Donated $100 Million of FTX Money to Politicians, Prosecutors Claim
16.8.2023
Crypto exchange FTX founder Sam Bankman-Fried (SBF) spent more than $100 million of customer funds on political donations, according to an amended indictment. On Monday, U.S. federal prosecutors also alleged that he used two FTX executives as “straw donors” to evade contribution limits....
Binance Seeks Registration in Taiwan Under Money Laundering Control Act and FSC
13.8.2023
Binance, the global leader in cryptocurrency exchange by trading volume, has submitted an application for registration in Taiwan according to the Money Laundering Control Act and the Financial Supervisory Commission (FSC).
During a private meeting on Tuesday, Taiwan's Financial Supervisory...
Nigerian Association of Money Changers Calls for Banning of Binance
12.8.2023
The leader of Nigeria’s Association of currency exchangers has accused the crypto giant Binance of helping to worsen the local currency’s woes and asked authorities to consider banning the platform. The leader suggested that the optimism which ensued after Tinubu’s government floated...
Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments
12.8.2023
Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin...
PayPal’s Stablecoin Is No Libra. Why the Timing Feels Right
11.8.2023
Like Facebook's ill-fated Libra project, PYUSD is getting some pushback in Washington D.C. But its prospects seem more promising, says Michael J. Casey
Overwatch 2's New Story Missions: Worth The Money?
11.8.2023
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Animal Crossing Fans Find Secret (But Easy) Way To Double Money Years Later
10.8.2023
Three years on, players are still finding new ways to maximize Bell-making in Animal Crossing: New Horizons. A recent Reddit post revealed a get-rich-quick scheme using donation boxes. Read more
Artist and Elon Musk Ex-Partner Grimes Made More Money From NFT Sales Than Music
10.8.2023
Claire Elise Boucher, known professionally as Grimes, has raked in around $6 million from her NFT collection.
In a recent interview with technology magazine Wired, the Canadian musician and Elon Musk's former partner confirmed that she managed to make more money off of NFTs than she has made...
Today in Crypto: Bitstamp 'Permanently' Suspends Trading for Several Altcoins for US Users, MuesliSwap Will Refund Money Lost Due to Slippage 'Misunderstanding', Unstoppable Domains Launches Blue Premium Membership
9.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bitstamp 'Permanently' Suspends Trading for Several Altcoins for US Users, MuesliSwap Will Refund Money...
Grimes Made More Money With NFTs Than in Her Entire Music Career: Wired
9.8.2023
In a recent interview, the artist claimed that she hopes that NFTs and crypto can “come back” to help compensate digital artists
South Korea arrests Bitsonic CEO for stealing $7.5 million of users’ money
9.8.2023
The Vice President of the crypto exchange would also be put on trial, but without preliminary detention
America’s Credit Rating Helps Make Case for Bitcoin
4.8.2023
Fitch’s downgrade of U.S. debt this week is a warning to American policymakers and r underscores why Bitcoin and other open monetary systems matter
US lawmakers urge White House to address North Korea's use of digital assets: Report
4.8.2023
Senator Elizabeth Warren was part of a group of lawmakers who pushed for provisions against crypto mixers and privacy coins in the National Defense Authorization Act in July
Binance Appoints New Deputy Chief Compliance Officer and Global Money Laundering Reporting Officer
4.8.2023
On Thursday, Binance announced Kristen Hecht as the new Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO), a new role amid potential fraud charges from U.S. regulators.
Amid ongoing investigations into its practices, Binance has witnessed the departure...
Tech Entrepreneur Ilya Lichtenstein Admits to Masterminding $4.5 Billion Bitcoin Heist
4.8.2023
Tech entrepreneur Ilya Lichtensteind, a Russian-American citizen, has admitted to committing the original 2016 Bitfinex hack, CNBC reported.
Earlier, Lichtensteind and his wife Heather Morgan had confessed to attempting to launder $4.5 billion worth of Bitcoin stolen from Bitfinex.
Until...
New York Man Admits to Billion-Dollar Bitcoin Hack From 2016, Pleads Guilty With Wife to Money Laundering
4.8.2023
In an unexpected revelation, Ilya Lichtenstein, 35, confessed to being the original hacker behind the 2016 cyberattack on crypto exchange Bitfinex, a theft that was once worth $4.5 billion. Lichtenstein made the admission while pleading guilty to laundering the stolen bitcoin in a Washington, D.C....
Individual charged with money laundering admits to hacking Bitfinex in 2016: Report
3.8.2023
The identity of the hacker or hackers behind an exploit which removed more than 100,000 Bitcoin from Bitfinex in 2016 had only been the subject of speculation until Aug. 3