Hong Kong is positioning itself as a leading hub for cryptocurrency adoption, with an influx of crypto talent and positive regulatory developments. The combination of new Web3 projects and supportive regulations is expected to drive significant growth in the next four to five years. Despite the bear market, the technological advancements in the crypto sector […]
SafeMoon CEO Braden John Karony’s bail release order has been put on hold by United States federal prosecutors. They argue that Karony is a flight risk and his release could pose a danger to the community. The prosecutors challenged a Utah Magistrate judge’s decision to grant Karony a $500,000 bail, and a New York District […]
In a joint effort called “Operation Hyphen,” cryptocurrency exchange Kraken collaborated with the South East Regional Organised Crime Unit (SEROCU) to recover and return over $2 million worth of stolen cryptocurrency. The investigation focused on a fraudulent website called “iotaseed.io,” created by a 40-year-old individual from the Netherlands named Wybo Wiersma. Wiersma allegedly exploited unsuspecting […]
The former compliance chief of OneCoin, a cryptocurrency scheme that defrauded investors out of $4 billion, has pleaded guilty to wire fraud and money laundering charges. Irinia Dilkinska, the “Head of Legal and Compliance,” admitted to facilitating the laundering of millions of dollars of illicit profits obtained through OneCoin’s multi-level-marketing scheme. Despite her role in […]
BlackRock, a $9 trillion asset management firm, has confirmed its plans to launch a spot Ethereum exchange-traded fund (ETF). The firm filed a 19b-4 form with the United States Securities and Exchange Commission, signaling its intention to expand beyond Bitcoin. This move comes after BlackRock registered a corporate entity called “iShares Ethereum Trust” in Delaware. […]
Asset management giant BlackRock has submitted a request to the Securities and Exchange Commission (SEC) for approval to list the BlackRock Ethereum Trust on the Nasdaq exchange. This move comes after BlackRock registered its iShares Ethereum Trust with Delaware, indicating that an SEC filing was imminent. Unlike existing products such as the Grayscale Ethereum Trust, […]
Celsius Network, a failed crypto lending firm, has been given the green light to exit bankruptcy and implement its recovery plan. The plan involves transforming the company into a Bitcoin mining firm owned by its creditors. As part of the plan, Celsius will compensate users whose account balances were previously frozen by providing them with […]
German Parliamentarian Joana Cotar has criticized the idea of introducing a Euro-based central bank digital currency (CBDC), stating that “no one needs it.” In a speech on November 9, Cotar argued that the European Central Bank (ECB) and politicians supporting a digital euro are motivated by a desire for total surveillance of the monetary system. […]
Irina Dilkinska, the former head of compliance at OneCoin, has pleaded guilty to charges of wire fraud and money laundering. Dilkinska, who served as “Head of Legal and Compliance” for the cryptocurrency project, admitted to facilitating the laundering of millions of dollars in illicit profits. Despite her position, she actively participated in the day-to-day operations […]
Taiwan’s Financial Supervisory Commission (FSC) has granted Cathay Securities the country’s first security token offering (STO) license. Cathay’s “Sunshine Green Yield” STO bonds, with a maturity of six years, an initial annual interest rate of 3.5%, and a principal amount of 30 million New Taiwan Dollars ($0.93 million), have received regulatory approval. These bonds allow […]
