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CFTC Files Civil Enforcement Action Against Bogus Crypto Exchange Debiex
21.1.2024
The U.S. commodities regulator revealed on Jan. 19 that it had filed a civil enforcement action against a bogus digital asset exchange platform. According to the Commission, Debiex customers were not aware that the entire set-up was a clever scam designed to dupe prospective investors. Romance Scam...
L2 Protocol Manta Network Suffers DDoS Attack, Project Leaders Face Money Laundering Allegations
21.1.2024
Manta Network, a modular layer two (L2) protocol, said a distributed denial-of-service attack on Jan. 18 resulted in the network accumulating a large queue of recent transactions. The attack, which occurred during a token-issuing event, is believed to have severely limited communication between...
Mad Money Host Jim Cramer Sees ‘Nasty Beginning to Bitcoin Selloff’
21.1.2024
Jim Cramer, the host of CNBC’s Mad Money show, has warned of a bitcoin selloff. While cautioning investors about investing in bitcoin and the newly launched spot bitcoin exchange-traded funds (ETFs), he said: “I’m not as stridently against these new investment vehicles as Gary...
He Exposed Harvard President's Plagiarism, Then Lost Money Betting on the Story
20.1.2024
Are prediction markets the future of investigative journalism? Maybe, says Chris Brunet, whose reporting led to Claudine Gay's resignation – though he's yet to profit from his scoops
Shiba Inu (SHIB), Bonk Inu (BONK), Mollars, or Bitcoin (BTC) Could Return Traders $22,000 Profit From $100 Invested Today
20.1.2024
Bitcoin ($BTC) Alternative, Mollars ($MOLLARS), is in its 3rd round of the token presale stage today. Investors are buying into the crypto at a record pace, closing in on 100,000 tokens being sold daily. A store-of-value token that will help traders across the world save money against...
Manta Network Faces Money Laundering Allegations After Recovering From DDoS Attack
19.1.2024
Zero-knowledge L2 blockchain Manta Network has been accused of money laundering in South Korea shortly after the blockchain was hit by a DDoS attack. In an X post published on January 18th, user @Definalist noted that 2 million MANTA tokens were transferred to the personal wallet of Manta’s...
Donald Trump Promises to Block Digital Dollar Creation — Calls CBDC ‘Dangerous Threat to Freedom’
19.1.2024
Former U.S. President Donald Trump has promised to stop the creation of a U.S. central bank digital currency (CBDC) if he is elected president of the United States. He explained that a digital dollar would give the federal government “absolute control over your money,” warning that...
Peter Schiff Predicts Bitcoin Bloodbath — Expects SEC Chair Gary Gensler to Introduce ‘New Onerous Crypto Regulations’
19.1.2024
Economist and gold bug Peter Schiff has predicted that U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler “will soon introduce new onerous crypto regulations” that will result in “a sharp decline” in the price of bitcoin. Schiff expects the new regulations...
Shanghai Court Issues Verdict in First Digital Yuan Money Laundering Case
18.1.2024
A Shanghai court has issued a verdict for the first instance of money laundering using Chinese digital yuan and cryptocurrency, marking a significant legal precedent of crypto-related crimes in China. According to Shanghai Securities News, the Yangpu District People’s Court of Shanghai...
EU Tightens Crypto Regulations with Provisional AML Agreement
18.1.2024
The European Union has provisionally agreed on new anti-money laundering (AML) regulations specifically targeting the crypto sector. According to a press release published by the European Council, the provisional agreement reached by Council and the Parliament focuses on enhancing measures...
EU Provisionally Agrees Tough Crypto Due Diligence Measures to Combat Money Laundering
18.1.2024
Crypto firms have to do checks on transactions of 1000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets
How Tokenized Assets Can Replace Money
17.1.2024
And why universal payments using fractionized assets is unlikely to happen soon
United States Lawmakers Introduce Bills to Exclude CBDCs from the Definition of Money
17.1.2024
United States lawmakers have proposed bills in four states to block possible definitions of a Central Bank Digital Currency (CBDC) as money. The bills were introduced in South Carolina, South Dakota, Tennessee, and Utah as anti-CBDC legislators seek to prevent the use of CBDC tokens in those...
South Korea Mulls Issuing Crypto Mixing Regulations to Curb Money Laundering
17.1.2024
Financial authorities are preparing to issue cryptocurrency mixing-specific regulations in South Korea to stop criminal groups from using these tools to launder funds obtained illegally. The Korean authorities are discussing whether to allow virtual asset service providers (VASPs) to reject...
Tether Holdings “Have The Money They Say They Have” Confirms Cantor CEO
17.1.2024
Howard Lutnick’ – CEO of investment banking giant Cantor Fitzgerald – has a message for Tether Truthers: the stablecoin giant’s assets are 100% backed. During an interview with Bloomberg on Tuesday, the executive reaffirmed his claims that month that Cantor is a custodian...
EU Banking Watchdog Seeks to ‘Harmonize’ AML Measures With Extension to Crypto Firms
16.1.2024
Source: AdobeStock/Grecaud Paul Europe’s leading banking entity, the European Banking Authority (EBA), has extended its regulatory reach to cover the cryptocurrency space. In a blog post dated January 16, the EU banking watchdog announced the release of new guidelines focusing on money...
After the ETF: Bitcoin’s Coming Power Struggle
16.1.2024
The approval of Bitcoin ETFs last week sets up a potential fight between Bitcoin Maxis and giant Wall Street institutions, says Michael Casey
Big Wall Street CEO Addresses Controversy Around Tether's Stablecoin Assets: 'They Have the Money'
16.1.2024
Cantor Fitzgerald CEO Howard Lutnick vouched for stablecoin issuer Tether’s legitimacy on Tuesday, addressing what has been one of the big questions in crypto over the years as its stablecoin, USDT, has grown into a behemoth: Does Tether have the money it says it does
Consolidating Crypto: The Unseen Power of Exchange Aggregators
16.1.2024
The use of cryptocurrencies is growing with each change in the time of year. This led to the emergence of specialized services that allow users to exchange digital coins for other coins or fiat money. Similar to the traditional online exchangers of classical currencies, cryptocurrency services made...
EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms
16.1.2024