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China’s National Prosecutor Takes Action Against Blockchain Cybercrimes


China's highest prosecutorial authority is stepping up efforts to combat the growing wave of cybercrimes by targeting criminals who exploit blockchain and metaverse projects for illegal activities.  The post China’s National Prosecutor Takes Action Against Blockchain Cybercrimes appeared...

ECB’s Disparaging Comments on Bitcoin Draw the Ire of Crypto Community


On February 22, the European Central Bank (ECB) described Bitcoin as a 'dead cat' and criticized its use in criminal activities on the darknet. These remarks have ignited a backlash from the crypto community, questioning the ECB's stance and credibility. The post ECB’s Disparaging Comments...

Over 200 Crypto Accounts Linked to Ransomware Operator LockBit Frozen


A coordinated international operation has targeted one of the leading ransomware operator group LockBit, freezing over 200 cryptocurrency accounts linked to their activities. The post Over 200 Crypto Accounts Linked to Ransomware Operator LockBit Frozen appeared first on Cryptonews

Binance Payments Partner Banxa Makes Debut on UK Crypto Register


The Financial Conduct Authority (FCA) added another crypto-focused firm to its famous crypto register on February 9. This time, it’s Banxa (BNXA)—the international fiat-processing payment company. Here’s what you need to know: Banxa UK Gets Greenlight from FCA for Crypto Activities...

Hong Kong’s SFC Issues Warning on MEXC for Alleged Crypto Fraud


Hong Kong’s Securities and Futures Commission warned the public of an allegedly fraudulent crypto exchange today. In an announcement published on its website, the SFC noted that an organization operating under the name MEXC was posing as a legitimate crypto exchange. MEXC’s Crypto Fraud...

UK’s Fraud Intelligence Unit Shuts Down 43 Possible Crypto Phishing Websites


UK authorities have announced that the National Fraud Intelligence Bureau (NFIB) blocked 43 possible crypto phishing websites. A recent official Commissioner’s Update disclosed reports in diverse fields including potential fraudulent activities with bad actors impersonating popular blockchain-based...

Beijing Censors Crypto Mining Activities to Strengthen Energy Conservation


Beijing, China has further doubled down on crypto mining activities as a part of its revamped energy conservation implementation plan. Per a recent government notice, the Beijing Municipal Development and Reform Commission along with 11 other departments have implemented revised plan to further...

End of the Line for OPNX, Built by Three Arrows Co-Founders Zhu and Davies


OPNX has declared it will cease all activities next month. This decision comes as co-founders Su Zhu and Kyle Davies grapple with legal repercussions stemming from their previous venture’s failure, Three Arrows Capital. OPNX to Shut Down Amid Three Arrows Co-Founders’ Legal Troubles...

New York’s Bar Association Seeks Law Reform to Keep Crypto Market Lead


New York City’s Bar Association has pitched an amendment to the law relating to emerging technologies aiming to see the city maintain its crypto market lead. The proposals on several issues were contained in its New York’s state Legislative Agenda released on Jan 29. The Bar seeks to amend lawsuits...

Taiwan’s ACE Exchange in Hot Water as Prosecutors Expand Fraud Probe


Taiwanese prosecutors have expanded their investigation into ACE Exchange, requesting the detention of Chenhuan Wang, the president of the platform. The prosecutors have accused Wang of money laundering and fraud in connection with the alleged fraudulent activities orchestrated by David Pan,...

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