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cryptocurrency
Silk Road-Linked Money Laundering: US Charges Bitcoin Exchange Operator
- Maximiliano Pilipis allegedly operated AurumXchange illegally and collected over 10,000 BTC in fees.
- He stopped operating the platform in 2013 and attempted to conceal the proceeds by laundering them.
Tuesday, 29/10/2024 | 05:40 GMT by
Arnab Shome
B2C2 and OpenPayd Partner for Fiat Transactions in Crypto Trade Settlements
- The collaboration allows institutional clients faster fiat onboarding and real-time payment solutions.
- With the integration, B2C2 has increased access to BaaS features for its digital asset clients.
Monday, 28/10/2024 | 09:33 GMT by
Tareq Sikder
South Korea Plans to Regulate Cross-Border Crypto Transactions
- The new law mandating registration and periodic reporting is expected to become effective in the second half of 2025.
- The Finance Ministry is currently completing the legislative requirements.
Friday, 25/10/2024 | 05:41 GMT by
Arnab Shome
Stripe Strikes Biggest Ever Crypto Deal: TechCrunch Founder Confirms Bridge Acquisition
- The payments giant acquired the stablecoin-focused startup for $1.1 billion.
- However, the nature of the deal remains unknown as neither of the companies has officially confirmed it.
Monday, 21/10/2024 | 05:35 GMT by
Arnab Shome
SEC Grants Approval for 11 Spot Bitcoin ETFs to Trade Options on NYSE
- Institutional investors can now use options on Bitcoin ETFs to hedge crypto positions.
- Options are derivatives allowing holders to buy or sell assets at a set price by a specific date.
Saturday, 19/10/2024 | 09:04 GMT by
Tareq Sikder
Binance Executive's Trial Delayed to October 25 Due to Health Concerns
- Judge Emeka Nwite denied bail again, stating that prison conditions can address health needs.
- Tigran Gambaryan's wife reported his declining health, warning of potential permanent damage.
Friday, 18/10/2024 | 17:14 GMT by
Tareq Sikder
Ireland Catching Up with EU Deadline: Urgently Drafting Crypto Laws
- Irish legislators need to enact new laws before the EU’s anti-money laundering and terror financing regulations come into effect on 30 December.
- The EU’s legislation will further empower agencies to take action against crypto transactions.
Thursday, 17/10/2024 | 08:35 GMT by
Arnab Shome
ESMA Responds to Commission's Proposed Amendments to MiCA for Cryptos
- Recommendations include requiring cybersecurity audit results and verifying management reputation for CASPs.
- The opinion has been sent to the Commission, European Parliament, and Council, which have three months respond to the RTS.
Wednesday, 16/10/2024 | 13:46 GMT by
Tareq Sikder
Italy's Move to Increase Bitcoin Tax to 42% Follows Global Regulatory Trends
- Previous efforts by countries like India to tax cryptos have led to decreased trading volumes.
- The announcement coincides with the preparation to implement crypto regulations MiCA.
Wednesday, 16/10/2024 | 11:51 GMT by
Tareq Sikder
Nigerian Court Denies Binance's Tigran Gambaryan Bail amid Health Concerns
- Gambaryan has been detained since February for currency manipulation and laundering.
- Binance has advocated his release, claiming authorities demanded a “secret” payment to resolve their issues.
Friday, 11/10/2024 | 11:02 GMT by
Tareq Sikder
11 Crypto Platforms Under Review as Hong Kong Faces Criticism on Strict Regulations
- The SFC plans to approve more cryptocurrency exchanges in Hong Kong by the end of 2024.
- Despite efforts to attract major players, OKX and Bybit withdrew their applications.
Tuesday, 08/10/2024 | 08:40 GMT by
Tareq Sikder
SEC Claims Lejilex’s Lawsuit Seeks to “Redefine Crypto as Non-Security”
- Lejilex states it will facilitate crypto transactions and not sell securities, and it also accuses the SEC of overreach.
- Coinbase's legal officer criticized the SEC's “inconsistent arguments” on digital assets.
Friday, 04/10/2024 | 11:24 GMT by
Tareq Sikder
Cybersecurity Losses Surge to $2.1 Billion in 2024; WazirX Seeks Court Protection
- CeFi entities have experienced a nearly 1,000% increase in hacking incidents, including a $305 million breach at DMM Bitcoin, according to Cyvers.
- WazirX sought a six-month moratorium after a $234 million hack in July affecting 45% of customer funds.
Wednesday, 02/10/2024 | 08:17 GMT by
Tareq Sikder
Crypto Firms Must Toe the Line with Dubai VARA’s Compliance Regulations
- Companies promoting digital assets must include a visible warning that they may lose value and are highly volatile.
- This announcement has followed an agreement between VARA and the SCA.
Thursday, 26/09/2024 | 10:48 GMT by
Tareq Sikder
Binance Serves Users Despite 2023 Exit, Sees 43% Decline in Russian Traffic
- The firm's Russian-language Telegram channel remains active, providing updates to 130,000 subscribers.
- It claims to have exited Russia; despite a drop, the country still accounts for 6% of its total website traffic.
Thursday, 26/09/2024 | 08:33 GMT by
Tareq Sikder
South Korea’s FSC Endorses Nonprofit to Secure Crypto Assets after Exchange Closures
- The Digital Asset Protection Foundation will work to return assets to users from defunct crypto exchanges.
- Out of 22 crypto exchanges in the country, 10 have closed and 3 have temporarily suspended operations.
Wednesday, 25/09/2024 | 08:34 GMT by
Tareq Sikder
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