German authorities sent a loud and clear message to criminal users of the exchanges: We found their servers and have your data — see you soon. Source: https://cointelegraph.com/news/german-government-shuts-47-suspicious-crypto-exchanges?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
German Authorities Shut Down 47 Crypto Exchange Services in Cybercrime Crackdown
German authorities have dismantled 47 exchange services involved in facilitating anonymous crypto transactions for criminal activities. These platforms bypassed anti-money laundering protocols, enabling cybercriminals to exchange digital currencies without identity verification. The takedown follows a series of other operations targeting major cybercrime networks. With seized user and transaction data, authorities are set to pursue further […] Source: https://news.bitcoin.com/german-authorities-shut-down-47-crypto-exchange-services-in-cybercrime-crackdown/
JPMorgan CEO Jamie Dimon on Fed Rate Cuts: Bigger Economic Problems Ahead
JPMorgan Chase CEO Jamie Dimon has downplayed the significance of Federal Reserve rate cuts, emphasizing that broader economic forces are at play. He cautioned against focusing too much on the type of economic landing. “Honestly, most of us have been through all that stuff, it doesn’t matter as much,” said the JPMorgan executive. Jamie Dimon: […] Source: https://news.bitcoin.com/jpmorgan-ceo-jamie-dimon-on-fed-rate-cuts-bigger-economic-problems-ahead/
Chinese Tether laundromat, Bhutan enjoys recent Bitcoin boost: Asia Express
Tether launderers sentenced as Bhutan’s Bitcoin hodling places it as the fourth largest among governments: Asia Express. Source: https://cointelegraph.com/magazine/china-tether-laundering-bhutan-bitcoin-holdings-increase-asia-express/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Making crypto mainstream requires greater efforts to stop fraud
One of the greatest use-cases of blockchain technologies is the ability to improve security and counter malicious actors, but we need to get serious about it. Source: https://cointelegraph.com/news/making-crypto-mainstream-requires-efforts-stop-fraud?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bored Ape Game ‘Dookey Dash: Unclogged’ Launches With $1 Million in Prizes
Bored Ape Yacht Club creator Yuga Labs and partner studio Faraway have released the sewer-based game Dookey Dash: Unclogged as a free-to-play download on iOS, Android, Mac, and PC in selected regions. With this players will compete to enter an end-of-season tournament with over $1 million worth of prizes. This comes more than a year after Yuga Labs rolled out…
US federal judge tosses Consensys’ suit against SEC
A Texas federal court judge has dismissed a lawsuit brought by Consensys against the SEC that claimed the agency was investigating Ethereum to classify it as a security. Source: https://cointelegraph.com/news/consensys-lawsuit-sec-dismissed-texas-court?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SEC Reviews Proposal for New Bitcoin, Ether ETF Custodians
The U.S. Securities and Exchange Commission (SEC) is seeking public input on a proposal by Cboe BZX Exchange to add new custodians for bitcoin and ethereum exchange-traded funds (ETFs). The plan aims to enhance security by adding Anchorage Digital Bank and Bitgo alongside Coinbase as custodians for bitcoin and ether holdings. SEC Reviews Proposal for […] Source: https://news.bitcoin.com/sec-reviews-proposal-for-new-bitcoin-ether-etf-custodians/
OKX to Relaunch US Exchange With New App in Late 2024
OKX’s U.S.-based sister crypto exchange—once called OKCoin and rebranded to OKX in the likeness of its non-U.S. counterpart—is aiming to debut a new mobile application this fall as part of the exchange’s broader relaunch, OKX Chief Marketing Officer Haider Rafique told Decrypt in an interview on Thursday. The U.S.-based OKX’s existing mobile app, which is called OKCoin despite the trading…
Court approves Terraform Labs winding down in bankruptcy hearing
After collapsing in 2022, facing an SEC lawsuit in 2023, and filing for bankruptcy in 2024, many of Terraform’s legal cases in the US are beginning to wind down. Source: https://cointelegraph.com/news/terraform-labs-winding-down-bankruptcy?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound