Hong Kong customs officers arrested three individuals involved in a HK$1.8 billion ($228 million) money laundering operation that utilized a cryptocurrency platform and bank accounts of shell companies, with investigations revealing suspicious activities such as abnormally frequent large transactions in accounts with no clear financial backgrounds. The suspects, who did not know each other, allegedly […] Source
“This is a critical voter block which Katie Porter must win to advance,” Josh Vlasto, a spokesman for Fairshake, told CoinDesk. “We are making sure the 8 million crypto owners in California – who are disproportionately young voters who support Democrats – know about her hostility toward the technology and how that would hurt American jobs.” Source
Spanish police successfully dismantled a network involved in financing ISIS through crypto transactions, resulting in the arrest of five individuals over the weekend. The operation, part of a two-and-a-half-year investigation, targeted individuals allegedly connected to the terrorist organization known as DAESH or ISIS. The arrests were made in Valencia (2), Cáceres, Alicante, and Guipúzcoa. Four of the suspects have been remanded in custody by court order. Global Network Financing ISIS Via Crypto? According to the official statement of the Spanish national police, the operation marks the second phase of “MIYA,”…
Layer-1 blockchain Aptos Network has managed to bring its network back to normal operations after a lengthy five-hour outage that saw transactions on its network “impacted.” According to the Aptoscan network tracker, on-chain transactions on the Move language-based blockchain were halted 11:11pm UTC on Oct. 18 at block 104621314 — down for more than five hours. Aptos seemingly confirmed the outage with a post on X (formerly Twitter), noting: “Your energy for Aptos One was so electric, you cut the lights!” At the time, the team added that “transactions on…
Israeli law enforcement launched an operation targeting crypto addresses associated with the terrorist group Hamas. The country suffered an attack this past Sunday, leading to deaths and many civilians disappearing. BNB’s price trends to the downside on the daily chart. Source: BNBUSDT on Tradingview Binance And Israel Work Together To Freeze Crypto A local news media Calculist report confirmed an operation led by the Israeli Police Department and the National Counterterrorism Headquarters, part of the Ministry of Defense. The operation was supported by the world’s largest crypto exchange, Binance. During…
Bird’s second-quarter earnings in 2023 showed a 19% year-over-year reduction in average rides per vehicle daily. Shared micromobility company Bird is downsizing again. The details were contained in an email sent to the entire company by interim CEO Michael Washinushi. “Regrettably, today we need to reduce our headcount in order to achieve our broader goals and to ensure that the entire organization can sustain itself and continue its mission,” admitted he. Bird’s interim CEO noted that the Spin acquisition process resulted in redundancies in roles and scope. The need to…
Binance, the world’s largest crypto exchange by trading volume, has achieved another significant milestone. The firm, which recently turned six, keeps racking up several achievements despite the FUD that has surrounded it in recent times. A Worthy Feat For Binance The world’s largest crypto exchange by daily trading volume has recently disclosed that its registered users now stand at a whopping 150 million. This was revealed in a tweet by its CEO, Changpeng “CZ” Zhao, on Thursday. In the tweet, CZ noted his company’s milestone amidst growing regulatory scrutiny of…
Techteryx assumed “full management full management of all offshore operations and services related to TUSD,” on July 13. Source
The Securities and Exchange Commission (SEC) has charged Coinbase, the largest cryptocurrency exchange in the United States, with operating an illegal trading platform that offered unregistered crypto asset securities. The securities watchdog also accused the platform of running a digital asset staking-as-a-service programme without authorization. In a complaint filed before a US district court in New York, SEC further alleged that Coinbase combines the functions of an exchange, brokerage and clearing agency–which are separated under US laws–without registering to engage in these activities. “All the while, Coinbase has earned billions…
The United States Securities and Exchange Commission (SEC) has filed charges against Binance, its U.S.-based exchange entity and its CEO, Changpeng “CZ” Zhao, for violating securities laws. On June 5, the SEC filed 13 charges against Binance in the U.S. District Court for the District of Columbia over allegations that the company misled investors and misused customer funds. The accusations of mishandling customers’ funds and violations of U.S. banking regulations were first flagged in a report published by Reuters in the last week of May. At the time, Binance had refuted…