The FBI has arrested Eric Council Jr., an Alabama resident, for hacking the Securities and Exchange Commission’s (SEC) X (formerly Twitter) account in a scheme that caused a temporary spike in the price of Bitcoin. The breach occurred on January 9, when hackers took over the SEC’s @SECGov account through a SIM swap attack, posting a fraudulent message claiming that…
Alchemy Pay and Yellow Card have teamed up to make cryptocurrency more accessible in Africa. Alchemy Pay’s on-ramp product will utilize Yellow Card’s payment infrastructure in 20 African countries, allowing users to purchase crypto with their local fiat currencies. This partnership aims to simplify the process of acquiring crypto by prospective users in several African […] Source: https://news.bitcoin.com/behind-alchemy-pay-and-yellow-cards-bold-plan-for-african-crypto-adoption/
Ripple’s chief legal officer, Stuart Alderoty, emphasized that the SEC’s Form C doesn’t appeal the ruling that XRP is not a security. Source: https://cointelegraph.com/news/sec-ripple-appeal-no-challenge-xrp-not-a-security?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Key deadlines for crypto-asset regulation are approaching, as Cyprus’ regulator announced that the EU’s Markets in Crypto-Assets Regulation (MiCAR) will take effect for service providers by December 2024, with registration closing by October. Providers already registered may operate until mid-2026 or until their authorization status is determined, marking a major shift in crypto compliance across […] Source: https://news.bitcoin.com/cyprus-sec-enforces-eu-crypto-regulation-key-deadlines-loom/
UAE lawyer Irina Heaver told Cointelegraph that the framework would allow even smaller DAOs to operate legally. Source: https://cointelegraph.com/news/uae-dao-legal-framework-ras-al-khaimah?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
With Tether waiting in the wings, AED Stablecoin becomes the front-runner to launch the United Arab Emirates’ first regulated dirham-pegged token. Source: https://cointelegraph.com/news/uae-central-bank-aed-stablecoin-approval?utm_source=rss_feed&utm_medium=rss%3FREFRESH1635333920807&utm_campaign=rss_partner_inbound
BTC price resistance in the form of a downward-sloping channel is getting a grilling, which Bitcoin bulls hope may be its last. Source: https://cointelegraph.com/news/btc-price-break-7-month-slump-bitcoin-etfs-hit-65b?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nigeria’s currency reforms under Bola Tinubu’s government have made the naira one of the most competitive in 20 years, according to World Bank chief economist Indermit Gill. The decision to float the naira and remove fuel subsidies helped prevent fiscal collapse. While the naira’s devaluation has exacerbated poverty and raised concerns about civil unrest but […] Source: https://news.bitcoin.com/nigerian-currency-most-competitive-in-20-years-says-world-bank/
A North Carolina man has been indicted for allegedly laundering more than $380,000 in a wire fraud scheme, according to the Department of Justice. The suspect is accused of moving illicit funds through payment platforms and cryptocurrency exchanges, transferring over $240,000 to crypto addresses. The money laundering conspiracy charge could result in a 20-year prison […] Source: https://news.bitcoin.com/20-year-prison-sentence-looms-for-man-accused-of-crypto-money-laundering-scheme/
The US Treasury has tapped into AI machine learning to sift through data to detect and prevent billions of dollars in check fraud. Source: https://cointelegraph.com/news/ai-helps-treasury-recover-billions-in-fraud?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
