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1 year, 11 months ago
Binance.US and SEC Dispute: Judge Urges Resolution as Guilty Pleas Cast Doubt on Asset Misappropriation
The United States Securities and Exchange Commission (SEC) is continuing its investigation into Binance.US, looking for evidence that the exchange had a backdoor to potentially control customer assets. This comes…
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1 year, 11 months agoStandard Chartered Bank to Support China's Digital Yuan in Pilot Project
Standard Chartered Bank, an international bank with deep roots in the Chinese market, has announced its participation in China’s digital yuan project. The bank will offer services such as digital yuan exchange a…
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1 year, 11 months agoBinance Delists Tornado Cash as Token Value Plummets
Binance, one of the largest cryptocurrency exchanges, has announced its decision to delist the native token of Tornado Cash, called TORN. This move comes as the value of TORN has plummeted significantly. The…
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1 year, 11 months agoTron Emerges as Preferred Crypto Platform for Terrorist Organizations
Tron has emerged as the platform of choice for terrorist organizations involved in crypto transfers, according to a recent report by Reuters. The counter-terror financing bureau in Israel has frozen 143 Tron…
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1 year, 11 months agoMajor Crypto Exchanges Binance and Kraken Face Legal Battles, FTX Founder Denied Bail, BlackRock Discusses Bitcoin ETF with SEC, Tether and Bitfinex Agree to Share Information
Last week, the legal drama involving Binance, the world’s largest crypto exchange, and United States law enforcement came to a close with a plea deal. Binance and its former CEO, Changpeng “CZ” Zhao, admitted to vi…
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1 year, 11 months agoHong Kong to Maintain Grace Period for Crypto Firms Despite Recent Scandals
Hong Kong’s financial regulators have decided to retain the grace period for crypto firms despite recent scandals involving fraudulent activities in the crypto sphere. The grace period allows crypto firms to c…
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1 year, 11 months agoCircle Partners with SBI Holdings to Promote USDC Adoption in Japan
Global financial firm Circle has announced a strategic partnership with Japanese financial services company SBI Holdings, Inc. The partnership aims to promote the adoption of Circle’s USDC stablecoin and web3 s…
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1 year, 11 months agoCrypto Phishing Kit Inferno Drainer Shuts Down After Enabling $80M in Scams
Inferno Drainer, a notorious crypto wallet-draining kit involved in cryptocurrency scams, has announced its shutdown. This kit has been responsible for phishing schemes that resulted in the theft of over $80…
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1 year, 11 months agoHong Kong Authorities Crack Down on Alleged $15.4 Million Crypto Scam
Hong Kong’s Securities and Futures Commission (SFC) has taken action against a suspected fraudulent crypto asset trading platform called Hounax. The SFC flagged the company earlier this month, marking a s…
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1 year, 11 months agoHong Kong Extends Grace Period for Cryptocurrency Exchanges Amidst Recent Scandals
A one-year grace period for cryptocurrency exchanges in Hong Kong will continue despite recent scandals. Julia Leung, Hong Kong’s Under Secretary for Financial Services and the Treasury, stated that fraud will s…
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1 year, 11 months agoStandard Chartered to Participate in China's Digital Yuan Trials
British multinational bank Standard Chartered has announced its participation in trials of China’s digital yuan central bank digital currency (e-CNY CBDC), making it one of the first foreign banks to do so in the c…
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1 year, 11 months agoHong Kong Police Investigate $15.4 Million Scam on Hounax Trading Platform
The Hong Kong Police have launched an investigation into Hounax, a cryptocurrency trading platform, following multiple complaints of scams totaling $15.4 million. Victims claim that they were lured into investing…
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1 year, 11 months agoHive Digital Technologies Expands Crypto Mining Operations with New Data Center Acquisition in Sweden
Crypto miner Hive Digital Technologies Ltd. has expanded its data center operations in Sweden with the acquisition of a new property in Boden. This move is expected to enhance Hive’s Bitcoin production c…
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1 year, 11 months agoOKX Launches Crypto Exchange and Web3 Wallet in Brazil, Fostering Crypto Adoption and Prioritizing Security
Leading crypto exchange OKX has expanded its operations into Brazil with the launch of a new crypto exchange and Web3 wallet. The move comes despite the challenging regulatory environment for cryptocurrencies in…
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1 year, 11 months agoBinance Founder Faces Potential Decade-Long Prison Sentence and Travel Restrictions
Changpeng Zhao, the founder and former CEO of Binance, is facing the possibility of a 10-year prison sentence and strict travel restrictions due to a violation of the Bank Secrecy Act. The U.S. Justice Department…
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1 year, 11 months agoCircle Partners with SBI Holdings to Boost USDC Adoption in Japan
Circle, the issuer of the USDC stablecoin, has partnered with SBI Holdings, a Japanese securities and banking giant, to increase the circulation of USDC in Japan. The partnership was formalized through a memorandum…
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1 year, 11 months agoInferno Drainer, a Scam Service Provider, Shuts Down After Assisting in $70 Million Cryptocurrency Theft
In the world of decentralized finance (DeFi) and NFT initiatives, thefts involving cryptocurrencies are unfortunately common. Recently, an investigation uncovered the activities of a scam service provider called…
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1 year, 11 months agoCoinbase International to Expand Cryptocurrency Offerings with Perpetual Futures Contracts for ADA, LINK, DOGE, and XLM
Coinbase International Exchange, a branch of Coinbase Global Inc. that serves clients outside the United States, has announced its plans to add perpetual futures contracts for four new digital assets: Cardano…
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1 year, 11 months agoRaiffeisen Bank International to Launch Crypto Trading Services in Partnership with Bitpanda
Vienna-based Raiffeisen Bank International is set to launch crypto trading services for retail customers by the end of January 2024. The bank has partnered with Bitpanda, a crypto exchange, to offer this new…
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1 year, 11 months agoScammers Pose as Forbes Journalists to Steal NFTs from Bored Ape Yacht Club Owners
A Bored Ape Yacht Club (BAYC) owner recently had a close call with a scammer posing as a Forbes journalist. The NFT collector, known as ‘Crumz’, shared his experience of being contacted by someone pretending to be…
