Australian authorities sentenced a man who had used other people’s identities to open accounts on crypto exchanges. Source: https://cointelegraph.com/news/fake-id-crypto-exchange-cyber-identity-theft-australia
Month: June 2024
Binance exec legal battle escalates amid US-Nigeria tug of war
Binance executive Tigran Gambaryan’s wife expressed her confusion about why the Nigerian law enforcement agency cannot release her husband based on the Federal Inland Revenue Service rebuttal. Source: https://cointelegraph.com/news/nigeria-usa-money-laundering-case-binance-executive-gambaryan
Italy Proposes Stringent Measures to Tackle Crypto Market Manipulation
Italy is taking steps to enhance surveillance of crypto assets and address associated risks. According to a draft decree reviewed by a news agency, the plan includes imposing high fines on those who manipulate the market. The fines range from $5,400-$5.4 million (€5,000 to €5 million) for offenses such as insider trading, unlawful disclosure of […] Source: https://news.bitcoin.com/italy-proposes-stringent-measures-to-tackle-crypto-market-manipulation/
Arbitrum daily revenue surges 16,500% after LayerZero’s ZRO launch
LayerZero’s “not an airdrop” ZRO token airdrop has spurred a new peak for Arbitrum’s daily revenue. Source: https://cointelegraph.com/news/arbitrum-revenue-16500-percent-jump-layerzero-token-launch
Bitcoin is facing a rare ‘extended level’ of FUD on X: Santiment
Santiment’s Bitcoin social sentiment indicator has been flashing red as the price of Bitcoin has been hovering around the $65,000 mark. Source: https://cointelegraph.com/news/bitcoin-weighted-sentiment-indicator-fud-price-sideways-crypto-analysts
American retailer Target to roll out AI chatbot in US stores by August
The AI chatbot, Store Companion, will be used on handheld devices, providing staff members with immediate answers to any work-related questions they may have. Source: https://cointelegraph.com/news/target-roll-out-store-companion-ai-chatbot-workers
Federal Agents Crack Down on Drug Ring Using Crypto Mixers
Holly Danielle Adams, 34, from California, has pleaded guilty to charges of drug distribution conspiracy and money laundering via cryptocurrency mixers. This case stems from an investigation by the Northern California Illicit Digital Economy (NCIDE) Task Force, a federal team dedicated to combating all forms of illegal dark web and cryptocurrency activities in the Eastern […] Source: https://news.bitcoin.com/federal-agents-crack-down-on-drug-ring-using-crypto-mixers/
Iran Launches Digital Rial Pilot on Kish Island
The Central Bank of Iran (CBI) has announced the initiation of a pilot scheme to introduce the country’s central bank digital currency (CBDC) on the southern island of Kish. The CBI stated on Tuesday that the digital rial will be available to banking customers and tourists in Kish starting on the first day of the […] Source: https://news.bitcoin.com/iran-launches-digital-rial-pilot-on-kish-island/
ZRO token falls 17% amid controversy over LayerZero’s ‘not an airdrop’
After its June 20 launch, ZRO surged 15.15% within just 20 minutes before sharply tumbling 22% as people debated whether the donation mechanism was genius or just an excuse for a “tax.” Source: https://cointelegraph.com/news/layerzero-zro-cryptocurrency-token-donation-launch-controversy
Analyst Predicts: US to Face Its Own ‘Bank of England’ Debt Crisis Prior to Elections
Otavio Costa, a Macro Strategist at Crescat Capital, a multidisciplinary asset management firm, has expressed concern about the state of the U.S. government securities liquidity index and its potential implications for the future of U.S. debt. He suggested that the U.S. is on the verge of experiencing its own ‘Bank of England’ moment prior to […] Source: https://news.bitcoin.com/analyst-predicts-us-to-face-its-own-bank-of-england-debt-crisis-prior-to-elections/