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Chinese police have dealt a major blow by uncovering a $1.9 billion underground banking network linked to the popular stablecoin Tether (USDT). This incident once again revealed that despite the Chinese government's comprehensive ban on cryptocurrencies, cryptocurrency activities in the country have not completely disappeared.
May 16, 2024Cardano founder Charles Hoskinson recently harshly criticized President Joe Biden's stance on cryptocurrency. Hoskinson expressed his concerns about the future of developments in this field, focusing especially on Biden's policies on cryptocurrencies and blockchain technology before the upcoming presidential elections.
May 15, 2024There are shocking developments in the Bitcoin fraud investigation in India. The Special Investigation Team (SIT) issued notice to Chief Inspector Sandeep Patil, who was then Head of Crime Branch, to clarify the inconsistencies in the investigation.
May 15, 2024China's complex relationship with cryptocurrencies has taken on a new dimension with the discovery of a massive underground banking network in Sichuan province. This case shows not only the opportunities offered by cryptocurrencies, but also their potential to be used for illegal activities. It also helps us understand the increasingly stringent regulations of the Chinese government.
May 15, 2024Ryan Salame was once a name at the center of the rise and fall of cryptocurrency exchange FTX. Salame, who pleaded guilty to money laundering charges in September, is currently awaiting sentencing. But his lawyers are seeking a relatively lenient sentence of 18 months in prison because Salame has cooperated with authorities and shown genuine remorse.
May 15, 2024The Bank of Sweden has stated that the potential use of a digital euro will not replace the Swedish krona.
May 14, 2024The decision made on Tuesday in the Netherlands's-Hertogenbosch court had a great impact in the cryptocurrency world. The court sentenced Alexey Pertsev, developer of the popular crypto mixer platform Tornado Cash, to 64 months in prison for money laundering. This decision has reignited discussions about the future of crypto mixers and anonymity in cryptocurrencies.
May 14, 2024A new front has opened between the USA and China in the field of increasingly popular cryptocurrencies. President Joe Biden blocked a Chinese-backed company from buying a crypto mining facility in the state of Wyoming in an executive order he signed on May 13. This development has raised concerns about the potential effects of cryptocurrency mining on national security.
May 14, 2024Elections in the UK will not disrupt progress in regulating the country's crypto sector, industry stakeholders said.
May 14, 2024Singapore-based Liminal has taken an important step towards becoming a global player in the field of digital asset custody services. The company has made a strong entry into the Middle East market by being certified as a regulated custodian in Abu Dhabi. This move is part of Liminal's expansion strategy in the Asia Pacific (APAC) and Middle East and North Africa (MENA) regions.
May 14, 2024Japanese investment and advisory company Metaplanet announced that it has adopted Bitcoin (BTC) as a strategic treasury reserve asset as the country faces a high debt burden and a volatile national currency, the yen. This move, in addition to improving Bitcoin's reputation, also brings to the fore the challenges facing the Japanese economy.
May 13, 2024The Public Security Bureau of Panshi City, Jilin Province, raided an illegal underground banking and virtual currency operation worth approximately US$300 million.
May 13, 2024Vladimir Putin won his fifth term as Russia's president, but his landslide 87% election victory was labeled a predetermined, staged farce.
May 10, 2024Former US President Donald Trump offered a few memorable quotes while hosting a group of non-fungible token (NFT) fans at his home in Florida on Wednesday (May 8). Trump has vowed to keep crypto entrepreneurs in the US, as well as claiming that he contributed to NFTs being “trending” again, thanks in part to his own large collection. He even made a reference to memecoin, which was inspired by a rival politician, causing its price to rise.
May 9, 2024Cryptocurrency wallet company Exodus Movement was forced to postpone its highly anticipated IPO on NYSE American, the sister market of the New York Stock Exchange (NYSE). The company's statement on Wednesday, May 8, caused confusion and question marks in the investor community. Its planned Thursday IPO will not take place and Exodus shares will continue to trade on the Over-the-Counter (OTC) market for now.
May 9, 2024Two suspects who defrauded investors with a fake cryptocurrency exchange were arrested! Authorities say James Heppel, from Wiltshire, and Jake Lee, from Bath, used a copy of Blockchain.com to empty their crypto wallets. A confiscation order of £1 million was also issued in the fraud, which victimized 55 people from 26 countries.
May 8, 2024The global cryptocurrency market is once again facing regulatory and oversight issues. The latest example of these problems is the tension between Nigeria and the cryptocurrency exchange Binance. Allegations that Nadeem Anjarwalla, one of Binance's senior executives, who was detained by Nigeria in February, escaped from interrogation and took refuge in Kenya, started a new debate in the cryptocurrency world. While Nigerian authorities are making attempts to extradite Anjarwalla, this incident also brings to the fore the need for supervision of the activities of cryptocurrency exchanges and international cooperation.
May 8, 2024The cryptocurrency market in Nigeria has recently become the scene of a complex game between both crypto exchanges and the central bank. In the last act of this play, there was a directive that caused confusion.
May 8, 2024