Jian Wen, a former takeaway worker residing in north London, was found guilty of one count of money laundering after she was found with Bitcoin worth over $2.5 billion (£2 billion) in 2018. Jian Wen assisted a Chinese fugitive known to Wen as Zhang Yadi, whose real name is Qian Zhimin, in laundering the BTC […]
On Monday, U.S. District Judge Robert Shelby levied sanctions against the Securities and Exchange Commission (SEC) in response to accusations of serious misconduct in the legal action against Utah-based cryptocurrency firm DEBT Box. The decision comes after the judge determined that the SEC had committed a “gross abuse of power” in its handling of the […]
[PRESS RELEASE – Hong Kong, Hong Kong, March 25th, 2024] The PlayDapp Team announced on March 25 that it plans to launch its long-awaited blockchain mainnet scheduled for April 11 to foster the development and expansion of its ecosystem. PlayDapp has decided to launch its mainnet through the Avalanche subnet to expand its Web3 business. […]
[PRESS RELEASE – Singapore, Singapore, March 25th, 2024] DigiFT, the first licensed exchange for on-chain real-world assets, announced the launch of the first-ever U.S. Treasury Bill depository receipt tokens that represent direct beneficial ownership in the underlying U.S. Treasury Bill. Depositary receipts (DR) are a well-tested structure in traditional finance and was first introduced in […]
TL;DR Shiba Inu analysts remain optimistic that future peaks are just around the corner. A possible ascent might be fueled by the asset’s burning program and developments in the Shibarium network. After a few weeks of trading on the downside, Shiba Inu’s price finally headed north this week, increasing by some 9% in that period. […]
The United Nations (UN) Security Council has released a report showing North Korea earns 50% of its foreign exchange earnings from cyberattacks. The council is also investigating involvement in cyberattacks associated with cryptocurrency companies, which reportedly caused losses of approximately $3 billion (450 billion yen). North Korea’s Cyberattacks Target Cryptocurrency North Korea primarily conducts cyberattacks […]
A 46-year-old housewife in Hong Kong has reported losses of 7.1 million Hong Kong dollars ($908,000) after investing in a fraudulent crypto investment platform. According to a report by the South China Morning Post, people familiar with the matter revealed that the woman did not realize she had been scammed until a year after the […]
The derivatives arm of the largest American cryptocurrency exchange, Coinbase, intends to launch futures trading contracts for Dogecoin DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. According to several letters filed with the United States Commodity Futures Trading Commission (CFTC) earlier this month, Coinbase Derivatives will launch monthly cash-settled and margin futures […]
[PRESS RELEASE – Bankstown, Australia, March 23rd, 2024] DeFi project develops a globally-supported debit card for daily purchases and financial transactions. DeFi offers anonymity and worldwide accessibility but falls short in user experience and broader application in daily life. Xuirin Finance introduces a DeFi debit card to connect decentralized finance with everyday spending habits. Decentralized […]
Bitcoin’s price has already gone through a massive rally in the past six months or so, perhaps fueled first by the hype of the spot ETFs in the US and then the actual demand for those products once they went live. As such, the asset broke its 2021 all-time high but faced a massive correction […]