Turkey is set to introduce stringent laws governing crypto-assets as part of its efforts to strengthen financial regulations and address concerns raised by the Financial Action Task Force (FATF). The country aims to be removed from the FATF’s ‘grey list’ of nations with inadequate measures against money laundering and terrorist financing. Finance Minister Mehmet Simsek […]
Lazarus Group, a notorious cybercrime organization, has recently targeted a cryptocurrency exchange using a new form of malware called “KANDYKORN.” The attack began when members of the group posed as blockchain engineers and convinced the exchange’s engineers to download a program disguised as an arbitrage bot. Once executed, the program downloaded a malicious file called […]
deBridge, a web3 interoperability layer, has launched an Infrastructure as a Service (IaaS) solution to address the challenges of interoperability between the Ethereum and Solana ecosystems. This turnkey solution offers a subscription-based service that enables cross-chain movements on Ethereum and Solana Virtual Machines. The IaaS facilitates the transfer of authenticated messages via deBridge and promotes […]
SafeMoon and its executives, including CEO John Karony, have been charged by the SEC and DOJ in an alleged $200 million fraud scheme. The SEC claims that SafeMoon sold its cryptocurrency, SFM, through a fraudulent scheme and described SFM as a security asset. The SEC also alleges that SafeMoon misled users about the safety of […]
Turkey is taking steps to tighten its regulation on crypto-assets in order to combat money laundering and terrorist financing. The country’s Finance Minister, Mehmet Simsek, announced that the new legislation is aimed at persuading the Financial Action Task Force (FATF) to remove Turkey from its “grey list” status. Being on the grey list means that […]
Coinbase, a leading cryptocurrency exchange in the US, has announced that it will offer regulated crypto futures to its customers. This move comes despite an ongoing legal battle with the Securities and Exchange Commission (SEC). The new development will allow advanced users to trade futures contracts for Bitcoin and Ethereum. Futures trading enables investors to […]
The United States Securities and Exchange Commission (SEC) has charged SafeMoon and three of its executives with fraud and unregistered securities sales related to its SafeMoon token. The SEC alleges that Kyle Nagy, the creator of SafeMoon, along with CEO John Karony and chief technology officer Thomas Smith, withdrew $200 million from the project and […]
Visa, the payment processor, has successfully completed the Hong Kong Monetary Authority’s central bank digital currency (CBDC) Pilot Programme in collaboration with HSBC and Hang Seng Bank. The program, known as e-HKD, involves the tokenization of deposits, where money deposited with a bank is converted into digital tokens on the bank’s blockchain ledger. Visa’s pilot […]
In a significant development, the founders of SafeMoon, a decentralized finance digital asset, are facing criminal charges in the United States. Braden John Karony and Thomas Smith have been arrested, while Kyle Nagy remains at large. The US Attorney’s Office for the Eastern District of New York has charged them with conspiracy to commit wire […]
The trial of former FTX CEO Sam “SBF” Bankman-Fried is currently underway in New York, and Cointelegraph reporters are providing live coverage of the proceedings. The trial has reached its final stages, with the prosecution delivering its closing arguments on November 1. Bankman-Fried is facing seven counts of fraud and conspiracy to commit fraud, which […]
