Hong Kong’s Customs and Excise Department is taking decisive action to address the growing money-laundering risks associated with cash-for-crypto shops. Recent arrests of store owners in connection with a $192.7 million fraud case involving JPEX crypto exchange have highlighted the need for tighter regulatory measures. With traditional money changers overseen by the Customs and Excise
In the past week, Bitcoin has experienced a significant increase of 10.50%. This surge was mainly attributed to the emergence of fake news surrounding the approval of the BlackRock iShares Bitcoin Spot ETF. The false information led to a 7% price gain on Monday, sparking reactions from crypto enthusiasts and analysts alike. Larry Fink, CEO
The Federal Bureau of Investigation (FBI) has taken legal action against six individuals for their involvement in an unlicensed money-transmitting business that utilized cryptocurrencies for money laundering purposes. The accused individuals are charged with conspiracy to operate an unlicensed money-transmitting business and operating an unlicensed money-transmitting business. This article examines the details of the case
XRP has achieved a significant milestone by gaining approval for derivative contracts designed specifically for institutional investors on Coinbase, a leading cryptocurrency exchange based in San Francisco. This development has attracted the attention of Wall Street expert Linda Jones, who believes that the token’s future looks very promising due to the increased interest from institutional
Binance, the leading cryptocurrency exchange in terms of trading volume, has encountered significant challenges in recent times. The platform has witnessed a staggering $1 billion in net outflows within 24 hours, as reported by DeFillama CEX’s transparency dashboard. Moreover, amidst this financial turmoil, Binance has also experienced the high-profile departure of another top executive. This
Bitcoin application-specific integrated circuit (ASIC) mining manufacturer Bitmain has recently come under fire for allegedly firing three employees for speaking to the media about the withholding of salary payments. According to local news reports, Bitmain accused the employees of breaching their employment contracts by sharing their remuneration on social media platforms. This move by Bitmain
In recent times, there has been a lot of talk about the potential Central Bank Digital Currency (CBDC) of Argentina. Economic Minister Sergio Massa has suggested utilizing the technology for fiscal growth, and now the Central Bank of Argentina has revealed plans to push for its implementation. This article will delve into the details of
As the world of cryptocurrency continues to evolve, new trends and opportunities emerge. Recently, there has been a surge in explosive DEX-launched tokens, with meme coins gaining significant attention. One such breakout token is XSHIB, which has experienced a sensational +50,000% skyrocket, making it the biggest daily gainer across multiple platforms. Additionally, Bitcoin cloud mining
Bitpanda, the largest cryptocurrency exchange in Europe, has recently announced its acquisition of a virtual asset service provider (VASP) license in Norway. This significant milestone marks Bitpanda as one of the first foreign cryptocurrency exchanges to receive such a license in Norway, allowing it to offer a wide range of crypto-related services to Norwegian customers.
Grayscale Investments, a prominent cryptocurrency asset management firm, has taken a significant step towards listing its Grayscale Bitcoin Trust (GBTC) shares on NYSE Arca. This move comes as a result of the company’s filing of an S-3 registration statement with the U.S. Securities and Exchange Commission (SEC). By filing the S-3 form, Grayscale aims to