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The White House is opposed to the US House of Representatives passing a crypto market structure bill, but the president is not threatening to veto it, which is seen as a positive sign for the crypto industry.
May 22, 2024Online fraud, one of the dark sides of the internet, unfortunately continues to victimize many people. One of these scams has started to include cryptocurrencies, with their increasing popularity in recent years. Crypto investment scams have increased from an incredible $2.57 billion to $3.94 billion in the US by 2023. This increase has brought about new approaches to combating online fraud.
May 22, 2024The Federal Bureau of Investigation (FBI) has arrested a dark web drug market owner by tracking illegal crypto transfers. Rui-Siang Lin, a 23-year-old Taiwanese man, was convicted of operating a $100 million dark web drug market.
May 21, 2024Judge James Mellor issued his written decision on Monday, stating that Craig Wright lied "extensively and repeatedly" in written and oral evidence presented in the Crypto Open Patent Alliance case in which he identified himself as Satoshi Nakamoto, the creator of Bitcoin.
May 20, 2024The United Kingdom's AI Security Institute will begin operating internationally by opening a new branch in the United States.
May 20, 2024A new page is opening in Venezuela's cryptocurrency mining industry. Local news sources are reporting that the Ministry of Energy plans to shut down cryptocurrency mining companies that draw energy from the national power grid SEN (Sistema Electrico Nacional). The move is closely tied to the country's ongoing energy crisis and efforts to fight corruption.
May 20, 2024A Nigerian court rejected the bail application of detained Binance executive Tigran Gambaryan on the grounds that he had a high probability of escape, the official's family spokesman announced in a statement on Friday.
May 17, 2024Turkey has come to the agenda with a new draft law to both ensure investor security and ensure global harmony in the crypto asset market. The content and potential impacts of this bill should be closely examined considering the growing interest in cryptocurrencies.
May 17, 2024According to a press release from the Hong Kong Monetary Authority (HKMA), the Chinese digital currency is first expanding out of the mainland. Digital yuan, also known as e-CNY, has been launched in Hong Kong's local stores and is currently in a pilot phase for cross-border payments. The move is seen as part of China's efforts to position its digital currency as a global means of payment.
May 17, 2024Chinese 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, 2024