Circle is the fourth stablecoin issuer to blacklist Lazarus Group-linked wallets, but a blockchain analyst has called out the firm for doing so months after other stablecoin issuers. Source: https://cointelegraph.com/news/what-happened-crypto-this-weekend?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
US lawmakers urge top crypto ATM operators to tackle fraud
Seven Democratic US Senators have sent letters to ten of the country’s biggest Bitcoin ATM operators urging them to address fraud against elderly Americans. Source: https://cointelegraph.com/news/us-senators-bitcoin-atm-firms-address-elderly-fraud?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
ETH falls 6% amid Trump assassination attempt, looming rate cuts, ‘FUD’ wave
Ether’s price in Bitcoin terms has also fallen to its lowest level since April 2021. Source: https://cointelegraph.com/news/eth-falls-6-percent-trump-assassination-attempt-rate-cuts-fud-wave?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025
The Bank of Russia aims to open the payment infrastructure for the Russian central bank digital currency (CBDC), the digital ruble, by July next year. Larger banks will offer digital ruble accounts and services by this deadline, with smaller institutions following later. The initiative seeks to enhance payment efficiency and reduce costs, with retailers also […] Source: https://news.bitcoin.com/bank-of-russia-to-launch-digital-ruble-payment-infrastructure-by-july-2025/
Circle partners with Sony’s blockchain lab on USDC expansion
The firm says it wants to make its stablecoin the standard for Web3 creators using Sony’s new layer-2 blockchain. Source: https://cointelegraph.com/news/stablecoin-issuer-circle-partners-sony-blockchain-lab-usdc-expansion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Latam Insights: Brazilian Federal Police Cracks Down on $9.7 Billion Crypto Money Laundering Rings, Brazil Uses AI to Detect Crypto Tax Fraud
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency, and Latam’s neobank Nubank halts trading of its coin. Operation Niflheim: […] Source: https://news.bitcoin.com/latam-insights-brazilian-federal-police-cracks-down-on-9-7-billion-crypto-money-laundering-rings-brazil-uses-ai-to-detect-crypto-tax-fraud/
Former Commerce Secretary Warns US Headed for Recession
Former Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall Street maintains a more optimistic outlook, citing strong GDP and low unemployment, Ross argues that the economy was artificially inflated by the $5 trillion in stimulus. He points to inflation, high consumer prices, […] Source: https://news.bitcoin.com/former-commerce-secretary-warns-us-headed-for-recession/
Flappy Bird creator disavows revived game that hints crypto ties
The new owners of the trademark Flappy Bird trademark say it’s coming back, and deleted web pages suggest it could have something to do with crypto. Source: https://cointelegraph.com/news/flappy-bird-creator-distances-new-game-crypto-links?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Explosion’ in election gambling will harm public interest: CFTC
The US commodities regulator says prediction markets can be vulnerable to “spectacular manipulation.” Source: https://cointelegraph.com/news/cftc-predictions-marketsmarket-manipulation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
FBI Seizes Websites Linked to Crypto Recovery Fraud
The Federal Bureau of Investigation’s San Diego office has seized websites linked to three fraudulent cryptocurrency recovery services. The scam preys on victims of crypto fraud by promising recovery of lost funds, often charging significant fees without delivering results. The FBI advises the public to be cautious, avoid upfront payments, and verify any claims of […] Source: https://news.bitcoin.com/fbi-seizes-websites-linked-to-crypto-recovery-fraud/