Results For: crypto

Published: June 11, 2023   |   Last Updated: June 19, 2023
Found 1203 Results
Page 5 of 121
January 22, 2024

U.S., UK, and Australia Sanction Hamas Crypto Networks in Gaza

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) levied a new round of sanctions against financial networks, including crypto firms in Gaza associated with the militant group Hamas. Among the targets are cryptocurrency exchanges and facilitators alleged to have transferred funds and resources to Hamas. Key sanctions details per Treasury release: The fresh …...

January 22, 2024

Coinbase CLO Rips U.S. GAO Report on Crypto Sanctions Evasion

Coinbase chief legal officer, Paul Grewal, unleashed sharp criticism on X over a recent U.S. Government Accountability Office (GAO) report highlighting cryptocurrency usage in sanctions evasion. Grewal slammed the GAO analysis as “shoddy” and failed to properly contextualize the crypto industry’s extensive compliance efforts. He also stated that the report performed zero comparative analysis. Key …...

January 22, 2024

Global Crypto Ownership Grew to 580,000,000, Bitcoin and Ethereum Leads

A new report from cryptocurrency exchange finds global ownership of digital assets grew by 34% in 2023. The user base grew from 432 million in January to 580 million by year’s end, despite economic volatility. Bitcoin (BTC) and Ethereum (ETH) powered overall gains as the top cryptocurrencies by market capitalization. Key adoption metrics: Read …...

January 22, 2024

Cryptocurrency Scam Defrauds Over 42,000 Victims of $32 Million

An investigation by blockchain security firm Blockfence has uncovered an elaborate cryptocurrency scam that defrauded more than 42,000 victims out of over $32 million. The fraud scheme involved the creation of fake cryptocurrency projects designed specifically to lure in victims and trap their funds in so-called “rug pull” exit scams. Key tactics uncovered in the …...

January 20, 2024

Crypto Pyramid Scheme: German CEO Charged with $150 Million Fraud

U.S. prosecutors on Friday announced charges against German citizen Horst Jicha for allegedly defrauding tens of thousands of investors out of more than $150 million through a crypto pyramid scheme. Jicha, founder and former CEO of USI Tech, was arrested in Miami last month and arraigned in federal court in Brooklyn on four counts, including …...

January 19, 2024

🥛 Crypto’s next big battle ⚔️

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January 18, 2024

Chinese Crypto Users Turn to In-Person Trades To Evade Crackdown

Cryptocurrency users in China have adapted to under-the-radar in-person trades and encrypted messaging to keep digital asset dealing alive amid the country’s broad industry crackdown, reports the Wall Street Journal. Sources told the WSJ that Chinese crypto traders shifted trading to everyday venues like cafes and laundromats to discreetly swap wallet addresses and cash after …...

January 18, 2024

Crypto Crime Drops in 2023 to $24.2 Billion: Chainalysis

A new Chainalysis report on cryptocurrency crime trends shows an overall reduction in illicit crypto activity in 2023, though some forms of crypto-based crime are on the rise. The 2024 Crypto Crime Trends report from blockchain analysis company Chainalysis estimates that the total value received by illicit cryptocurrency addresses dropped to $24.2 billion in 2023. …...

January 18, 2024

🥛 58% of cryptocurrencies are dead. Here’s why… 👀

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January 17, 2024

🥛 3 major headwinds in crypto 🌪️

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