Crypto News

Published: April 9, 2023   |   Last Updated: July 1, 2023
Found 477 Results
Page 1 of 24
March 28, 2024

$336.3M Lost in Crypto Hacks and Fraud in Q1 2024: Immunefi

In a recent report, Immunefi, a leading web3 bug bounty and security services platform, stated that the crypto ecosystem experienced a 23.1% decrease in losses during the first quarter of 2024 compared to the same period in 2023. Despite this decline, the report highlights that the industry still lost $336.3 million to hacks and fraud …...

March 28, 2024

Sam Bankman-Fried Sentenced to 25 Years in Prison for FTX Fraud

Sam Bankman-Fried, the disgraced founder and former CEO of the now-defunct cryptocurrency exchange FTX, has been sentenced to 25 years in prison by a Manhattan court. The sentencing comes after Bankman-Fried’s conviction in November on seven counts of fraud and conspiracy related to the operation and subsequent collapse of FTX. The collapse of FTX resulted in the …...

March 28, 2024

Nexo Introduces Free, Instant Crypto Transfers via Email And Phone

Nexo has announced a new feature that allows users to send and receive cryptocurrencies and stablecoins between accounts instantly and without fees. This addition to the platform enables individuals to transfer crypto by simply entering the recipient’s Nexo platform-registered email or phone number, facilitating seamless peer-to-peer (P2P) transactions. Read more: Dutch Prosecutors Recommend 64-Month Jail …...

March 27, 2024

UK Cracks Down on Crypto Memes and Social Media Influencers

The UK Financial Conduct Authority (FCA) has released finalized guidance that brings social media influencers and crypto memes under the radar of the country’s financial promotion rules. The move comes as part of the regulator’s efforts to combat the rise in financial scams and misleading advertisements, particularly in the crypto sector. Key highlights: Published on …...

March 27, 2024

Dutch Prosecutors Recommend 64-Month Jail Time For Tornado Cash Developer

Dutch prosecutors have recommended a 64-month jail sentence for Alexey Pertsev, a developer of Tornado Cash. The two-day trial, held in the ‘S-Hertogenbosch court in the Netherlands on Tuesday and Wednesday, centered on accusations that Pertsev had engaged in money laundering activities. Key points: Read more: Tether (USDT) Leads Cryptocurrencies In Illegal Transactions: TRM Labs …...

March 27, 2024

Tether (USDT) Leads Cryptocurrencies in Illegal Transactions: TRM Labs

A recent report by blockchain analytics firm TRM Labs sheds light on the state of illicit activity within the cryptocurrency ecosystem in 2023. The report, titled “The Illicit Crypto Economy,” reveals that the total amount of illicit funds in the crypto space has decreased by 9% compared to 2022. However, criminals still managed to handle …...

March 26, 2024

KuCoin Indicted for Alleged Multi-Billion Dollar Criminal Conspiracy

Global crypto exchange KuCoin and two of its founders, Chun Gan and Ke Tang, have been indicted by U.S. authorities for allegedly conspiring to operate an unlicensed money transmitting business and violating the Bank Secrecy Act. The indictment accuses KuCoin of failing to maintain adequate anti-money laundering (AML) programs and knowingly serving U.S. customers without …...

March 26, 2024

Portuguese Data Regulator Temporarily Limits Worldcoin

The National Data Protection Commission (CNPD), Portugal’s data regulator, has decided to temporarily limit Worldcoin and its collection of biometric data through its Orb devices within the country. The measure aims to protect the rights of Portuguese citizens, particularly minors. This measure comes into effect immediately and will stay in place until the conclusion of …...

March 26, 2024

Mystery Bitcoin Whale Moves $6 Billion in BTC to Three New Addresses

The fifth richest Bitcoin (BTC) whale has moved a staggering $6 billion worth of BTC to three new addresses over the weekend.  Key highlights: Blockchain analytics firm Arkham’s data shows that 94,500 BTC ($6.05 billion) funded the address in 2019 and left it dormant until the recent transfer. Initially, they split the funds into two …...

March 26, 2024

SEC Reportedly to Seek $2 Billion in Fines from Ripple, Says CEO

The U.S. Securities and Exchange Commission (SEC) will reportedly seek $2 billion in fines and penalties from Ripple Labs, according to Stuart Alderoty, the company’s chief legal officer. In a tweet on X, Alderoty stated that Ripple will respond to the SEC’s proposal next month. Alderoty also accused the regulator of making false and misleading …...

March 25, 2024

London Stock Exchange to Launch Bitcoin and Ethereum ETN Market on May 28

The London Stock Exchange (LSE) has disclosed plans to introduce a market for exchange-traded notes (ETNs) based on Bitcoin (BTC) and Ethereum (ETH) on May 28, 2024. This announcement follows the LSE’s previous notice on March 11, 2024, which stated that the exchange would accept applications for admission to trading of Bitcoin and Ethereum Crypto …...

March 25, 2024

Binance Russian Successor CommEx Winds Down

CommEx, the cryptocurrency exchange that took over the Russian business of Binance in September 2023, has officially announced its decision to wind down operations. It has also immediately halted deposits on its platform. The announcement comes as Binance faces increasing regulatory scrutiny worldwide, with the Philippines recently blocking local user access to the exchange due …...

March 25, 2024

Philippines Securities Regulator Moves to Block Crypto Exchange Binance

The Securities and Exchange Commission (SEC) of the Philippines has decided to block local user access to cryptocurrency exchange Binance. The move comes in response to concerns over the firm’s unlicensed operations in the country. The SEC alleged that this poses a threat to the security of Filipino investors’ funds. Key points: Read more: Spot …...

March 23, 2024

EU Parliament Committees Approve Ban on Anonymous Crypto Transactions

The European Union is set to implement new anti-money laundering (AML) and counter-terrorism financing laws that will significantly impact the cryptocurrency market. A majority of the EU Parliament’s lead committees have approved a ban on anonymous crypto transactions of any value made through hosted or custodial crypto wallets offered by third-party service providers, such as …...

March 21, 2024

Coinbase Plans to Launch Dogecoin Futures Contracts, DOGE Surges

Coinbase, one of the world’s leading cryptocurrency exchanges, has announced its intention to launch cash-settled futures contract products for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) as early as April 1, 2024. In a series of letters addressed to the United States Commodity Futures Trading Commission (CFTC) on March 7, Coinbase Derivatives outlined its …...