The integration of traditional payment cards with cryptocurrency platforms is playing a key role in driving crypto adoption, according to Visa executive Akshay Chopra. Speaking at a recent blockchain summit, Chopra said Visa has partnered with 75 major crypto exchanges to enable them to issue Visa debit and credit cards. This allows users to convert […]
A series of SIM-swap hacks has reportedly allowed a single scammer to steal around $385,000 worth of Ether from Friend.tech users in less than 24 hours. On October 5, blockchain analyst ZachXBT revealed that the same hacker had drained 234 ETH, worth about $385,000 at current prices, by carrying out SIM-swaps on four different Friend.tech […]
Hong Kong financial regulators announced a new joint crypto working group with local police to combat illegal activities involving virtual asset platforms. The Securities and Futures Commission (SFC) said the collaboration aims to enhance monitoring, information sharing, and investigative capabilities. In a statement Tuesday, the SFC said the decision followed a late September meeting with […]
The Department of Justice asserts that the lack of tailored crypto regulation is irrelevant to pressing criminal charges against FTX founder Sam Bankman-Fried for alleged fraud and misappropriation. In a new court filing, the DOJ contends that the current legal framework sufficiently prohibits theft and misuse of customer assets, regardless of whether the victims are […]
The U.S. Securities and Exchange Commission (SEC) has asked a federal judge to deny Coinbase’s motion to dismiss a high-profile lawsuit alleging the exchange improperly offered unregistered securities. In a new court filing Monday, the regulator argued its case should proceed to trial rather than accepting the company’s request for dismissal. Coinbase had previously argued […]
Blockchain payments firm Ripple announced Tuesday it has received a full license to operate as a major payments institution from the Monetary Authority of Singapore (MAS). The approval allows Ripple to continue local operations after receiving initial in-principle approval in June. In a statement, Ripple CEO Brad Garlinghouse said the full license demonstrates Singapore’s balance […]
Blockchain investigators have tracked down an alleged money laundering operation offering steep discounts on stolen cryptocurrency from recent major exchange hacks. Speaking exclusively to Cointelegraph, blockchain security firm Match Systems outlined how probes into summer 2022 hacks pointed to an individual selling discounted stolen tokens via peer-to-peer transfers. Analyzing patterns across breaches, researchers identified a […]
India is developing a comprehensive global database of cryptocurrency exchanges to enhance monitoring capabilities and assist law enforcement in combating crypto-related crimes. According to government officials, the database will be a vital tool for agencies like the Enforcement Directorate and Central Bureau of Investigation to track crypto transactions linked to money laundering, drug trade, and […]
Bitcoin briefly traded higher Monday before retreating as the 10-year Treasury yield hit its highest level since 2008, underscoring the sway macroeconomic forces still hold over crypto prices. BTC hovered around $28,000, up about 3% during the U.S. trading session, before giving back gains. Meanwhile, Ethereum slipped to $1,670 despite the much-anticipated launch of Ether […]
Renowned biographer Michael Lewis has unveiled mismanagement allegations against crypto tycoon Sam Bankman-Fried, who is currently facing fraud charges. Lewis, known for chronicling Wall Street’s past misdeeds, exposed a series of financial discrepancies within Bankman-Fried’s empire, casting a shadow of doubt on the cryptocurrency industry. Sam Bankman-Fried’s Billion-Dollar Rounding Error The Department of Justice has […]