Search
Elliptic Report Reveals $7 Billion in Crypto Laundering via DEXs and Bridges
6.10.2023
A recent report from blockchain surveillance firm Elliptic has uncovered that $7 billion in "illicit or high-risk funds" has been laundered through decentralized exchanges (DEXs), cross-chain bridges, and non-KYC exchanges.
This staggering sum was already reached by July of this year, exceeding...
Texas Securities Board Targets Fraud Crypto Project Touting Ties With Russian Government
6.10.2023
The Texas State Securities Board has stopped a decentralized lending pool from sales of securities, after the firm touted its ties with the Russian government.
Travis J. Iles, the securities Commissioner of the Lone Star State, has written an emergency cease and desist notice to immediately stop...
Nexo to Phase Out Cashback for UK Exchange and Card Transactions as FCA Rules Approach
6.10.2023
Nexo is joining Bybit and Paypal in withdrawing some services from the U.K. in response to incoming promotion rules
‘Stringent AML and KYC Processes’ Can Help Build Consumer Confidence in the Web3 Economy — Przemek Kowalczyk
6.10.2023
Integrating crypto into the global financial system has so far proved to be problematic to due what Przemek Kowalczyk, the chief product officer (CPO) of the fintech startup Ramp, described as “digital incompatibility.” Kowalczyk, a data scientist, told Bitcoin.com News that...
OKX exec says KYC will ‘raise the bar,’ bring real capital into crypto: Blockchain Economy Dubai 2023
6.10.2023
Lennix Lai, OKX’s global chief commercial officer, told Cointelegraph that bringing traditional finance investors into the space would require raising compliance standards
As Blinky Token Goes Viral After 500% Surge, Crypto Experts Say This Lesser Known Crypto is Next to Pump – Here's Why
6.10.2023
In the latest on-chain moon-shot Blinky Red Ghost (BLINKY), a meme coin reference to the classic Pac Man game, has exploded +500% in a dramatic skyrocket captivating DEX markets.
Recent weeks have seen a huge trend in explosive DEX-launched tokens, with countless pump-and-dump moon-shots...
UK must loosen KYC demands for crypto to outpace US in Web3 — Think tank
6.10.2023
Policy Exchange published its report on Web3 containing 10 proposals for the U.K. government
Wirex Unveils Zero-Knowledge Proof-Based Non-custodial Crypto Debit Card Service
6.10.2023
Wirex, a global digital payment platform, has introduced W-Pay, an App Chain that leverages Zero-Knowledge (ZK) technology, which aims to facilitate seamless connections between decentralized applications (dapps), non-custodial wallets, and traditional payment infrastructures....
Read More: Wirex...
‘Trading Through Gamification Can Represent the Future’ Says Banksters’ Alexandru Carbunariu
6.10.2023
While centralized exchanges (cexs) are instrumental in helping new users grasp all things crypto, they nevertheless do not go “the extra mile in educating their audience properly,” Alexandru Carbunariu, the CMO at the edutech simulator Banksters, has asserted. According to Carbunariu...
Estonian Crypto Firms Engage in ‘Massive-Scale’ Fraud and Aid Russia Evade Sanctions: Report
6.10.2023
Estonia has been one of the early receivers of cryptocurrency licenses in the EU, but it did not save the Baltic nation from falling victim to ‘massive-scale’ crypto-related fraud and scams, an investigation report from international journalists revealed....
Read More: Estonian Crypto Firms Engage...
Japan's Largest Crypto Exchange Operator Monex Seals Deal with Telecoms Giant NTT Docomo
6.10.2023
Japanese mobile operator NTT Docomo said Wednesday that it formed a capital partnership with crypto exchange Monex to build new asset formation services for customers.
The capital and business alliance agreement would let both parties establish an intermediate holding company on January 4, 2024....
Living Standards and Finance Education Drives Crypto Adoption Metric: Report
6.10.2023
Nearly 50% of digital asset users view added financial liquidity as a major reason for investing in cryptocurrencies, a new survey shows.
A new study conducted by cryptocurrency exchange, Bitget unveiled the regional dynamics of cryptocurrency investments, its impact on gender, and other social...
No Longer Bulletproof: Former FTX Employee Gives Damning Testimony against Sam Bankman-Fried
6.10.2023
Sam Bankman-Fried's response to a trusted colleague about its burgeoning debt pile was, allegedly, "we're not bulletproof this year," in the latest revelations from the FTX court case.
Adam Yedidia, a former software developer for FTX and prior roommate of the disgraced “King of Crypto,” gave...
Dubai Regulator Blocks the Sale and Distribution of Islamic Coin
6.10.2023
Dubai’s Virtual Assets Regulatory Authority (VARA) recently said the company distributing and marketing islamic coin (ISLM) lacks the authority to do so. VARA said Bored Gen DMCC must cease marketing activity until it obtains the appropriate approvals. The steps taken by the regulator came...
Shielding Your Digital Realm: How to Protect Yourself and Crypto From SIM Swap Attacks
6.10.2023
In 2023, several SIM swap attacks have targeted cryptocurrency advocates and high-profile industry members, including Ethereum co-founder Vitalik Buterin. Below is a comprehensive guide aimed at educating our readers on mitigating SIM swap attacks and safeguarding against hacks. Understanding...
South Korean Debt Collectors Coming for Crypto Holders
6.10.2023
South Korean debt collectors are now seizing crypto in insolvency cases – and may soon be granted even more power to confiscate coins.
Per Hanguk Kyungjae, the Korea Deposit Insurance Corporation (KDIC), a firm that operates under the Financial Services Commission (FSC), has begun “seizing...
Mastermind Behind India's $24 Million Crypto Fraud Flees Country
6.10.2023
The mastermind behind a massive $24 million crypto fraud scheme in India has managed to evade Indian security agencies and escape from the country.
The criminal, identified as Subhash Sharma, fled the nation just as authorities were closing in on him, authorities confirmed to local media. ...
Read...
New BIS Plan Mandates Banks to Disclose Crypto Holdings
6.10.2023
The Basel Committee on Banking Supervision has unveiled a new plan that will require banks to disclose their cryptocurrency holdings.
This development comes on the heels of a tumultuous year that witnessed the collapse of several major crypto firms as well as crypto-focused lenders Signature...
Billionaire on Paper: FTX CTO Gary Wang Reveals Alameda’s Privileges Amidst Exchange Scandal
6.10.2023
Former FTX chief technology officer Gary Wang took the stand on Thursday in the trial of FTX founder Sam Bankman-Fried. Wang admitted to committing financial crimes with Bankman-Fried, former Alameda CEO Caroline Ellison, and former FTX engineering executive Nishad Singh. From High School...
Trading Volume on Centralized Exchanges Reaches Lowest Level Since December 2022: Report
6.10.2023
Centralized exchanges witnessed a significant decline in trading volume in September, marking the third consecutive month of decreasing activity.
According to a recent report by researcher CCData, the combined spot and derivatives trading volume on these exchanges dropped by 20.3% to reach $1.67...