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Blockfi to Begin Interim Crypto Distributions via Coinbase This Month
19.7.2024
Crypto lender Blockfi announced that it will begin interim crypto distributions via Coinbase this month. U.S. clients will receive notifications, while non-U.S. clients face regulatory restrictions. Blockfi, which filed for bankruptcy protection in November 2022, is now collaborating with Coinbase...
Leading BTM Operator, Bitcoin Depot, Will Add Bitcoin to Its Treasury Reserves
19.7.2024
Bitcoin Depot, a company that operates more than 7,400 bitcoin ATMs in the U.S., has announced that it will allocate part of its cash reserves to build a bitcoin treasury, following the footsteps of companies like Microstrategy. According to its CEO, Brandon Mintz, this move will allow company...
FBI Seizes $2.5M in Crypto From Thailand-Based Pig Butchering Scam Targeting Americans
19.7.2024
The U.S. Attorney’s Office has launched a civil forfeiture action to reclaim cryptocurrency seized by the FBI from international fraudsters involved in “pig butchering” schemes. This initiative aims to return the stolen funds to victims and hold criminals accountable....
German Authorities Announce Bitcoin Sale Completion, Net €2.6 Billion
18.7.2024
German authorities have announced the completion of an emergency sale of nearly 50,000 bitcoins, raising about 2.6 billion euros. They explained that this sale was mandated to avoid a potential value decline due to the crypto’s price volatility. The funds are now secured for criminal...
Fake Professors Scam Crypto Investors on Telegram and Whatsapp, DFI Warns
18.7.2024
The Washington State Department of Financial Institutions (DFI) has reported multiple complaints about cryptocurrency scams on Whatsapp and Telegram involving fake “professors.” These scams lure investors through social media ads and false educational institutions, promising high...
Trump Reaffirms Support for Crypto, Plans to Launch 4th NFT Collection
18.7.2024
Former U.S. President and presidential candidate Donald Trump has reaffirmed his support for cryptocurrency, emphasizing: “If we don’t do it, China is going to pick it up” and dominate the industry. He revealed that he will launch another non-fungible token (NFT) collection. He stressed...
Vitalik Buterin Warns Against Political Support Based on Crypto Stance
18.7.2024
Ethereum co-founder Vitalik Buterin advised against basing political support solely on a candidate’s pro-crypto stance. He emphasized the importance of broader values like individual freedoms and technological advancement. “Crypto-friendly now does not mean crypto-friendly five years...
Santa Monica City Council Unanimously Approves Landmark Bitcoin Initiative
16.7.2024
The Santa Monica City Council has unanimously approved the creation of a Bitcoin Office. Proposed by Vice Mayor Lana Negrete and in partnership with The Proof of Workforce Foundation, the program aims to boost Bitcoin education, economic recovery, and tourism, operating at no cost to the city....
Visa and Wirex Partner to Bring Seamless Crypto Payments to Millions of Merchants Globally
16.7.2024
Wirex and Visa have partnered to launch Wirex Pay, aiming to bring seamless crypto payments to millions of merchants worldwide, enhancing accessibility and convenience. “This partnership is set to revolutionize the way we use digital assets,” said Wirex Pay, emphasizing that Wirex...
Trump Chooses Crypto Advocate Senator JD Vance as Running Mate
15.7.2024
Former U.S. President and presidential candidate Donald Trump has announced Senator JD Vance as his running mate. Vance has advocated for clear cryptocurrency regulations and criticized the U.S. Securities and Exchange Commission’s (SEC) enforcement-based regulatory approach. His crypto...
Queens Woman Indicted for Hiring Hitman With Cryptocurrency on Dark Web
15.7.2024
A Queens woman, Yue Zhou, has been indicted on charges of murder for hire, following an investigation led by Homeland Security Investigations (HSI) New York. Zhou allegedly used a dark web site to solicit a hitman, offering cryptocurrency, cash, and sexual favors. Murder for Hire via Dark Web...
UK’s Crown Prosecution Service Announces First Case Involving Monero Conversion
15.7.2024
Jack Finney has been ordered to forfeit gains from selling a toxic substance marketed as a weight loss drug. The order includes proceeds in monero cryptocurrency and other assets. “This is the first case where we have converted Monero currency into cash,” said Adrian Foster, Chief Crown...
US Treasury ‘Very Attentive’ to Russia’s Use of Cryptocurrency, Yellen Says
15.7.2024
U.S. Treasury Secretary Janet Yellen has addressed concerns about Russia using cryptocurrency to evade sanctions. During her testimony before the House Financial Services Committee, Yellen acknowledged the potential threat, noting that while it may not be a significant issue now, it could become...
Bitcoin ATM Scams on the Rise: North Carolina AG Issues Warning and Tips to Stay Safe
14.7.2024
North Carolina Attorney General Josh Stein has issued a warning about bitcoin ATM scams, following numerous complaints. The alert outlines tips to avoid such scams, emphasizing caution with unsolicited requests for cryptocurrency payments, online relationships turning financial, verifying...
Ripple CEO and Legal Chief Reflect on Landmark Victory Against SEC Over XRP
14.7.2024
Ripple’s chief executive and chief legal officer have reflected on the crypto firm’s win against the U.S. Securities and Exchange Commission (SEC) regarding XRP as the anniversary of the court ruling approached. The CEO described the ruling as a milestone for both Ripple and...
Trump’s Odds of Winning Presidential Election Soar in Prediction Markets After Assassination Attempt
14.7.2024
Former U.S. President and current presidential candidate Donald Trump was shot at a rally in Pennsylvania. Gunfire erupted while he was speaking, prompting Secret Service agents to rush him off the stage. Trump was seen with blood on the side of his head and ear. His chance of winning the November...
Elon Musk Exposes Secret EU Censorship Deal Proposal
13.7.2024
Tesla CEO Elon Musk has disclosed that the European Commission (EC) offered his social media platform, X, a covert deal to censor speech in exchange for avoiding fines related to its blue check verification system. Musk stated that X declined the deal, unlike other platforms. The EC accused X...
German Government’s Bitcoin Holdings Swell Overnight Thanks to Donations
13.7.2024
According to crypto intelligence firm Arkham, the German government’s bitcoin holdings soared by 9,000% in one day, thanks to donations from Bitcoin enthusiasts. Germany had liquidated a $2 billion bitcoin cache through major exchanges, finishing on Friday and leaving its BTC wallet empty...
Chainalysis: $100 Billion in Illicit Crypto Funds Traced Since 2019
13.7.2024
Crypto analytics firm Chainalysis has previewed an in-depth report on money laundering within the crypto space, providing insights into tracing illicit funds and advanced identification techniques. The firm discovered that since 2019, nearly $100 billion has been transferred from known illicit...
China and Kazakhstan Sign CBDC Collaboration Agreement
13.7.2024
The People’s Bank of China and the National Bank of Kazakhstan have signed an agreement to collaborate on central bank digital currencies (CBDCs). This collaboration agreement, formalized during President Xi Jinping’s visit to Kazakhstan, aims to enhance CBDC research through joint...