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 in crypto on the platform but faced difficulties when trying to withdraw their funds. Some victims are blaming the authorities for their losses. One victim, […]
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 capabilities and is strategically located near its existing data center in the region. The company’s expansion aligns with its broader strategy of embracing […]
In a recent filing, U.S. prosecutors have stated that they may seek a maximum prison sentence of 10 years for former Binance CEO Changpeng Zhao (CZ). This comes in response to CZ’s opposition to the government’s motion to detain him in the U.S. The prosecutors argue that CZ poses a flight risk and should be […]
The ISO 20022 standard is revolutionizing global financial communication by improving data handling and processing in financial transactions. This standard, originally designed for traditional banking transactions, has now expanded to include cryptocurrencies, bringing about a new era of interoperability and standardization in financial communications.Nine major cryptocurrencies, including Quant, Ripple, Stellar, Hedera, IOTA, XDC Network, Algorand, […]
Indexed Finance, an Ethereum-based platform, recently faced a major setback when hackers stole $16 million from the platform. However, the Indexed community has successfully defended against two recent attempts to hijack the project’s decentralized autonomous organization (DAO). As a result, the management of the DAO is transitioning back to its original creators, who plan to […]
Zipmex, a cryptocurrency exchange based in Singapore, has decided to temporarily suspend all digital asset trading operations in Thailand. This move is in response to regulatory demands set by the Securities and Exchange Commission (SEC) in Thailand. The suspension, effective from November 25, aims to ensure that Zipmex’s business operations align with the regulatory standards […]
The Nigeria Police Force has announced the arrest of a politician, Ambassador Wilfred Bonse, in connection with the theft of over $246,153 from Patricia Technologies’ crypto wallet. Bonse is accused of assisting hackers in laundering $61,538 from the stolen funds. The police have made significant progress in investigating the financial fraud case, which involves criminal […]
Binance, one of the largest cryptocurrency exchanges, has reached a $4.3 billion settlement with the U.S. government. This settlement is seen as a significant step towards the potential approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The settlement involves Binance agreeing to have compliance monitors overseeing its operations […]
Christine Lagarde, the president of the European Central Bank (ECB), revealed that her son lost a significant amount of money in cryptocurrency investments despite her warnings. Lagarde has been vocal about her skepticism towards cryptocurrencies, considering them highly speculative and popular among criminals for money laundering. She advocates for strong regulations to protect consumers and […]
Brad Garlinghouse, the CEO of Ripple, recently shared his insights on the legal battle between Ripple and the US Securities and Exchange Commission (SEC). Speaking at the 2023 DC Tech Week, Garlinghouse highlighted the setbacks faced by the SEC in the case. He stated that the SEC has lost on everything that matters and whether […]
