Judge Phyllis Hamilton found XRP could be a security when sold to retail and gave the go-ahead to a class-action lawsuit over statements from Ripple CEO Brad Garlinghouse. Source: https://cointelegraph.com/news/ripple-california-securities-suit-ceo-garlinghouse-statements
Month: June 2024
UK Crackdown: Illegal Crypto Exchange Operators Arrested in £1 Billion Trading Bust
The UK Financial Conduct Authority (FCA), in collaboration with the Metropolitan Police Service, conducted an operation leading to the arrest of two individuals, aged 38 and 44, suspected of running an illegal crypto asset exchange. It is believed that over £1 billion of unregistered crypto assets were traded through this business, the FCA said on […] Source: https://news.bitcoin.com/uk-crackdown-illegal-crypto-exchange-operators-arrested-in-1-billion-trading-bust/
Bitwise’s latest Ethereum ad can be minted as an NFT
Proceeds from the NFT mints are being paid to Protocol Guild, a collective funding mechanism created by Ethereum core contributors and the ad’s two actors. Source: https://cointelegraph.com/news/bitwise-drops-ethereum-etf-ad-mintable-nft
Indian Authority Uncovers Large-Scale Crypto and Hawala Operation, Arrests Key Player
India’s Directorate of Enforcement (ED) has arrested Manideep Mago under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an “illegal foreign remittances case” involving cryptocurrency. The investigation uncovered that a Delhi-based company sold cryptocurrencies worth over Rs. 1858 crore ($223 million) on crypto exchanges and made foreign remittances exceeding Rs. 3500 crore. […] Source: https://news.bitcoin.com/indian-authority-uncovers-large-scale-crypto-and-hawala-operation-arrests-key-player/
Law Enforcement Holds Positive Views on Crypto Despite Crime Concerns, Chainalysis Reports
Blockchain analytics firm Chainalysis has found that law enforcement finds cryptocurrency relevant to many investigations and holds positive overall views. The firm also notes the growing adoption of cryptocurrency and its increased criminal exploitation, including intellectual property theft and drug trafficking. Despite the availability of various tools, many respondents are dissatisfied with current resources, highlighting […] Source: https://news.bitcoin.com/law-enforcement-holds-positive-views-on-crypto-despite-crime-concerns-chainalysis-reports/
Crypto rumors spark panic in Korea, Binance airdrops for BNB hodlers: Asia Express
South Korean investors panic sell on altcoin delisting rumors, Binance to reward faithful BNB hodlers, Australian Bitcoin ETFs. Asia Express Source: https://cointelegraph.com/magazine/crypto-rumors-spark-panic-in-korea-binance-airdrops-for-bnb-hodlers-asia-express/
Circle CEO Shares ‘Super Bullish’ Stance and Unprecedented Optimism on Crypto
Circle CEO Jeremy Allaire has expressed unprecedented optimism about the future of crypto, highlighting its transformative potential. “I have been building Circle for over 11 years, and at no time have I been more optimistic than right now,” he emphasized. The executive envisions a future where digital tokens, smart contracts, and decentralized governance revolutionize finance […] Source: https://news.bitcoin.com/circle-ceo-shares-super-bullish-stance-and-unprecedented-optimism-on-crypto/
Roaring Kitty’s gamification of GameStop is a menace to the market
Keith Gill — also known as “Roaring Kitty” — has become a hero of the people, but he is also a menace to stable markets. Source: https://cointelegraph.com/news/roaring-kittys-gamification-gamestop-menace-market
Scammers Are Using AI Phishing and ‘Juice Jacking’ to Target Travelers
With the summer travel season ramping up and travelers hitting the road, cybercriminals are turning to new tech to execute scams and steal data, from artificial intelligence email attacks to fake smartphone chargers that ensnare power-hungry travelers. The number of phishing email attacks has increased by 856% over the last year, according to a recent report by cybersecurity firm SlashNext,…
Gemini launches campaign finance initiative for pro-crypto candidates
The announcement from Gemini followed $2 million in personal donations from the Winklevoss brothers to former President Trump’s re-election campaign. Source: https://cointelegraph.com/news/gemini-launches-campaign-finance-initiative-pro-cryptocurrency-candidates