Crypto News

Published: April 9, 2023   |   Last Updated: May 1, 2024
Found 626 Results
Page 5 of 32
May 9, 2024

Binance Slapped with $4.3 Million Penalty by Canadian Regulator

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed a substantial administrative monetary penalty on Binance. On May 7, 2024, FINTRAC issued a penalty of $4.3 million for Binance's non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated regulations. Key points: Binance did not register as......

May 9, 2024

Consensys CEO Joseph Lubin Accuses SEC of Stifling Innovation Like Ethereum

Joseph Lubin, the co-founder of Ethereum and CEO of Consensys, has spoken out against the U.S. Securities and Exchange Commission (SEC). He alleged that the regulator is intentionally hindering innovation in the cryptocurrency industry to protect the existing financial landscape. In a candid discussion at FT Live's Crypto and Digital Asset Summit in London shared......

May 7, 2024

Donald Trump’s Potential Return Could Boost Bitcoin: Standard Chartered

In a recent research report, Standard Chartered, a prominent investment bank, highlighted the growing risk of U.S. fiscal dominance and its potential impact on the cryptocurrency market. The report suggests that the monetization of government debt by the Federal Reserve could drive investors towards alternative assets, such as cryptocurrencies. Key points: U.S. fiscal dominance may......

May 7, 2024

Robinhood To Prevail Against SEC Despite Wells Notice: KBW

The Securities and Exchange Commission's (SEC) recent issuance of a Wells Notice to Robinhood (HOOD) has taken analysts at Keefe, Bruyette & Woods (KBW) by surprise. KBW released a research report on Monday, highlighting Robinhood's conservative approach to digital asset listings. Key points: Robinhood offers only 15 cryptocurrencies on its U.S. platform, compared to 200+......

May 3, 2024

$69.3 Million in Wrapped Bitcoin (WBTC) Lost to Address Poisoning Scam

In a recent incident of address poisoning, 1,155 Wrapped Bitcoin (WBTC), equivalent to approximately $69.3 million, were transferred to the wrong address. Blockchain security firm CertiK first reported the news, and on-chain sleuth ZachXBT and the CEO of real-time security alert platform Cyvers later confirmed it. Key points: 1,155 WBTC, worth around $69.3 million, was......

May 3, 2024

ZKasino Scammer Arrested: Dutch Authorities Seize $12.3 Million in Assets

The Dutch FIOD has arrested a 26-year-old man suspected of involvement in a large-scale scam surrounding the alleged gambling platform ZKasino. According to the Fiscal Information and Investigation Service (FIOD) statement, the arrest took place on Monday, April 29, 2024. Key points: Over $30 million worth of cryptocurrency was invested in ZKasino by victims worldwide.......

May 1, 2024

Tether (USDT) Achieves Historic Q1 2024 Profit of $4.52 Billion

Stablecoin issuer Tether has released its attestation report for the first quarter of 2024. The report provides a comprehensive overview of the Tether Group's financial strengths. Key highlights from the report: In the first quarter of 2024, there was a record net profit of $4.52 billion. Direct and indirect ownership of U.S. Treasuries exceeds $90......

April 30, 2024

SEC Chair Gensler Accused of Misleading Congress on Ethereum Classification

According to Chairman Patrick McHenry (NC-10) of the House Financial Services Committee, new evidence suggests that Gensler intentionally misled Congress regarding the classification of Ethereum (ETH). Key points: Court filings show Gensler's testimony contradicts the SEC's position on ETH. ETH being classified as a security contradicts previous SEC statements. Republicans vow to hold the SEC......

April 30, 2024

Crypto Losses from Hacks and Scams Hit Record Low in April: CertiK

In a recent report by blockchain security platform CertiK, the month of April witnessed the lowest amount of crypto losses due to hacks, exploits, and scams since 2021. The total losses amounted to approximately $25.7 million. This marks a significant 141% decrease from the previous month. Key takeaways from the report: Total losses in April......

April 29, 2024

North Korea’s Lazarus Group Laundered $200M from 25+ Crypto Hacks: ZachXBT

Lazarus Group, a hacking organization with ties to the North Korean government dating back to 2009, has allegedly laundered over $200 million stolen from more than 25 cryptocurrency hacks. The hacks occurred between August 2020 and October 2023, according to research by on-chain sleuth ZachXBT. https://twitter.com/zachxbt/status/1784935515877236894 By tracing funds across multiple blockchains and through crypto......

April 29, 2024

Australia Prepares for a Wave of Spot-Bitcoin ETF Launches: Bloomberg

Australia is poised to witness a surge in spot-Bitcoin exchange-traded fund (ETF) launches, following in the footsteps of the United States and Hong Kong. According to Bloomberg, major issuers such as Van Eck Associates Corp. and BetaShares Holdings Pty are lining up for listings on the Australian Securities Exchange (ASX). Key points: The ASX is......

April 29, 2024

Crypto Hacking Group Lazarus Impersonates Fenbushi Capital Exec: Report

North Korea-backed cyber-hacker group, Lazarus, has been actively targeting LinkedIn users by impersonating a senior executive of Chinese blockchain asset management firm Fenbushi Capital, according to a recent report by security firm SlowMist. The hacker group's latest social engineering tactics involve creating fake LinkedIn profiles to gain the trust of potential victims before launching phishing......

April 29, 2024

Convicted Crypto Trader in Mango Markets Heist Faces Child Pornography Charges

Avraham Eisenberg, the crypto trader recently found guilty of the $110 million heist from the decentralized finance (DeFi) protocol Mango Markets, now faces additional charges related to the possession of child pornography. The new allegations detailed in court documents claim that some of the images in Eisenberg's possession depicted prepubescent minors under the age of......

April 26, 2024

New UK Legislation Enables Seizure and Destruction of Crypto Linked to Crime

The United Kingdom (UK) has introduced new legislation granting enhanced powers to the National Crime Agency (NCA) and police to seize, freeze, and destroy cryptocurrencies used for illicit activities. According to the press release, the proceeds came into force today. The updated proceeds aim to bolster the ability of UK law enforcement to effectively investigate,......