The Hong Kong Monetary Authority (HKMA), the city’s central banking institution and regulator, has called on banks to provide their services to cryptocurrency firms. On April 27, HKMA issued a circular related to the access of corporate customers to banking services. In the document, the regulator has required authorized institutions, referred to as AI, to adopt a risk-based approach in…
It’s unclear what the Bureau was searching for in the home of the former co-CEO of FTX Digital Markets, who worked closely with Sam Bankman-Fried. Source: https://cointelegraph.com/public/index.php/news/former-ftx-exec-ryan-salame-s-home-searched-by-fbi-report
The investment bank uses OpenAI’s ChatGPT to sniff out trading signals from Federal Reserve policy statements. Source: https://cointelegraph.com/public/index.php/news/ai-tool-created-by-jpmorgan-analyzes-fed-speeches-to-signal-trades
Crypto exchange KuCoin confirmed that the address that’s allegedly responsible for launching thousands of meme coin scams belongs to one of its users. However, the exchange will not freeze the user’s assets without any official notice from law enforcement. On April 26, a Twitter user identified a wallet address that launched 2-5 meme coins daily for two years. Another community…
Bitcoin (BTC) traders may be gearing up for a sell-off as data shows tens of thousands of coins moving to exchanges. The latest figures from on-chain monitoring resource Coinglass confirm that global trading volume leader Binance’s BTC balance rose by over 50,000 BTC ($1.5 billion) in the past 30 days. Binance takes lion’s share of exchange BTC balance increase With…
Cybercriminals have reportedly breached AT&T email accounts and are using the access gained to steal crypto assets from their victims. While a spokesperson for AT&T has denied claims that hackers have gained access to the company’s internal systems, a report suggests that as much as $20 million worth of crypto may have been stolen. Criminals ‘Used an API Access’ Cybercriminals…
Cooper Morgenthau embezzled $5 million from three different companies and lost almost all of it trading cryptocurrencies and “meme stocks.“ Source: https://cointelegraph.com/public/index.php/news/ex-cfo-that-stole-5m-to-trade-crypto-and-meme-stocks-gets-3-years-prison
Russian Foreign Minister Sergey Lavrov has spoken on the current shift to national currencies and the de-dollarization international markets are currently experiencing. In a press conference after addressing the UN Security Council on April 25, Lavrov stated this shift could not be stopped, and that the future of traditional international institutions like the International Monetary Fund (IMF) was uncertain. Russian…
The former CFO of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million that was used to trade cryptocurrencies and “meme stocks.” An April 27 press release from the Department of Justice (DOJ) said Cooper Morgenthau, the ex-CFO of African Gold Acquisition Corp. (AGAC), embezzled more than $5 million from three different…
The tax treatment of lending and borrowing on decentralized finance (DeFi) protocols could soon be changed in the United Kingdom as the taxation arm of the Treasury is seeking input on a possible new regime. An April 27 consultation by HM Revenue and Customs will run until June 22 and asks for “investors, professionals and firms engaged in DeFi activities”…
