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Atlanta Federal Reserve Warns Banks About Crypto Risks


Per statement released Monday, the Atlanta Fed advised banks and financial service providers to exercise caution while dealing with cryptocurrencies. The post Atlanta Federal Reserve Warns Banks About Crypto Risks appeared first on Cryptonews

FSB To Focus on Asset Tokenization and AI, Chair Says


In a letter dated February 20 and released February 26, Knot told G20 finance ministers and central bankers that the global financial stability outlook “remains challenging.” The post FSB To Focus on Asset Tokenization and AI, Chair Says appeared first on Cryptonews

Crypto Money Laundering Dropped Almost 30% in 2023: Chainalysis


Illicit cryptocurrency transactions fell roughly 30% in 2023, according to Chainalysis’ newly released 2024 Crypto Crime Report. This decrease signals a major shift in crypto money laundering trends. The report also stated that total funds sent between illicit addresses dropped by 14.9%...

SafeMoon CEO Gets Bail, But His Legal Team Wants to Opt Out


CEO of bankrupt crypto project SafeMoon Braden John Karony is released on bail, but his legal team no longer wants to represent him. In Nov. 2023, Karony and SafeMoon CTO Thomas Smith were arrested on charges of securities fraud, money laundering, and conspiracy to commit wire fraud. However,...

South Korea Plans to Block Unlicensed Crypto Exchanges


South Korea plans to conduct virtual asset exchange inspections to expel ineligible platforms later this year. Authorities are contemplating an advanced suspension system for suspicious transactions. This would rapidly prevent the concealment of illicit funds during all stages of the investigation...

Crypto Widget WordPress Plugin Flagged as “Critical” Cybersecurity Risk


A crypto widget plugin for web content management system WordPress was named as a “critical cybersecurity risk” yesterday. A security bulletin released by the Cyber Security Agency of Singapore (CSA) noted that a plugin called “The Cryptocurrency Widgets – Price Ticker & Coins List”...

Thai SEC Charges Former Zipmex CEO with Corruption and Deception


Thailand’s Securities and Exchange Commission (SEC) has charged Akarlap Yimwilai, the former CEO of Zipmex Thailand, with corruption and deception. According to an official statement released on Thursday, the SEC’s investigation revealed that customer assets held in Zipmex...

South Korean Altcoin Execs Released on Bail


Two South Korean altcoin executives were freed on bail on February 7 pending a fraud trial. Prosecutors think the executives manipulated token prices to defraud investors. Per Newsis, the Seoul Southern District Court released Pica Project/Pica Coin co-chairs Song (aged 24) and Seong (aged 45)....

Skull And Bones Has Released Nearly 30 Trailers Over 7 Years


Skull and Bones, Ubisoft’s oft-delayed open-world online pirate video game, is almost here. To celebrate that fact, the game got a fancy new launch trailer. As you might expect for a game originally scheduled to launch less than a year after Obama left the White House, this isn’t its first trailer....

Web3 Game Developer Wemade Reports Widening Losses in Q4 2023


South Korean Web3 game developer Wemade has disclosed a significant increase in operating and net losses in the fourth quarter of last year, as per its latest earnings report. According to the report released on Tuesday, the Kosdaq-listed company’s net loss surged to 189.5 billion won ($142.6...

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