Stolen crypto from a $71 million wallet impersonation scam is on the move after six days of dormancy. Source: https://cointelegraph.com/news/crypto-scam-71m-wallet-impersonation-fund-laundering
Month: May 2024
Australian Tax Office Seeks Personal, Transaction Details from 1.2 Million Cryptocurrency Users
The Australian Tax Office reportedly has requested that cryptocurrency exchanges share both personal and transaction details of as many as 1.2 million cryptocurrency users. The revenue collector recognized that some users are fulfilling their tax obligations unknowingly, but maintained that others are intentionally avoiding payment. Australian Tax Office Targets 1.2 Million Cryptocurrency Users The Australian […] Source: https://news.bitcoin.com/australian-tax-office-seeks-personal-transaction-details-from-1-2-million-cryptocurrency-users/
SEC files final response in Ripple XRP case
The SEC argues that Ripple’s assertions do not negate the need for injunctions to prevent future violations. Source: https://cointelegraph.com/news/sec-challenges-ripple-assertions-remedies-brief
US Sanctions Lockbit Leader in Ransomware Crackdown
On May 7, the U.S. announced sanctions against Dmitry Yuryevich Khoroshev, a key figure in the Lockbit ransomware group. The U.S., alongside international allies including the UK and Australia, has taken coordinated measures to curb the activities of this prominent cybercriminal group. Khoroshev, responsible for developing and deploying Lockbit ransomware, is now facing an indictment […] Source: https://news.bitcoin.com/us-sanctions-lockbit-leader-in-ransomware-crackdown/
Traders rush to short Ether as Grayscale pulls its futures ETF plan
Just a 3% rebound in Ether’s price would wipe $345 million in short positions amid Grayscale withdrawing its Ether futures ETF application. Source: https://cointelegraph.com/news/short-traders-stack-on-ether-grayscale-withdraws-futures-etf
Bitcoin Lightning Network Infrastructure Provider Mash Is Shutting Down Its Current Version
In a recent announcement, Mash, a provider of Bitcoin Lightning Network infrastructure, has decided to shut down its current version. This comes nearly two years after Mash successfully closed a $6 million seed round in June 2022 to build out its usage-based revenue model for content creators. All products and services will cease to function […] Source: https://news.bitcoin.com/bitcoin-lightning-network-infrastructure-provider-mash-is-shutting-down-its-current-version/
Nigerian SEC to ‘Delist’ Local Currency From P2P Crypto Trading Platforms
The Director General of Nigeria’s Securities Regulator has announced plans to delist the local currency from peer-to-peer cryptocurrency trading platforms in the coming days. He insisted that the decision to delist the naira aims to eliminate the manipulation of the local currency by P2P cryptocurrency traders. P2P Crypto Transactions Ban The Nigerian Securities and Exchange […] Source: https://news.bitcoin.com/nigerian-sec-to-delist-local-currency-from-p2p-crypto-trading-platforms/
NBA, football, NASCAR stars cough up $2.4M in Voyager promo suit
Rob Gronkowski, Victor Oladipo, and Landon Cassill have agreed to settle with plaintiffs in their ongoing case against Voyager Digital. Source: https://cointelegraph.com/news/nba-football-nascar-stars-cough-up-millions-voyager-promo-suit
Financial system ‘outdated’ but crypto is no fix either: US swing voters
In a survey by the Digital Currency Group, 70% of swing state voters agreed the current financial system is “outdated” and in need of an overhaul, but most didn’t think crypto was the answer either. Source: https://cointelegraph.com/news/financial-system-outdated-crypto-no-fix-either-us-swing-voters
Elon Musk Meets President Milei, Reccomends to Invest in Argentina
Elon Musk, the billionaire entrepreneur and CEO of Tesla and Spacex, called to invest in Argentina after meeting with Argentine President Javier Milei. Musk and Milei met for the second time in less than a month after Milei participated in the Milken Institute Forum, an event that gathers important entrepreneurs, bankers, CEOs, and investment funds. […] Source: https://news.bitcoin.com/elon-musk-meets-president-milei-reccomends-to-invest-in-argentina/