9 / 12 Relevant items tagged with #NewsBytes2
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FBI Warns of Rising Government Impersonation Scams Demanding Crypto
[Jun 9 12:36 AM] The Federal Bureau of Investigation (FBI) Portland Division warned the public this week about a surge in scammers impersonating FBI agents and other government officials, demanding cash, gold, or cryptocurrency payments. The FBI stressed that…
Ripple Teams Up With Clear Junction for GBP and EUR Payouts
[Jun 8 9:32 PM] Ripple has partnered with Clear Junction, a global leader in cross-border payment solutions for regulated institutions, to enhance cross-border payments, enabling instant and secure GBP and EUR payouts, with more currencies to follow. Ripple…
Gold Rush Hits Seoul Streets: Gold Bars Now Sold in Vending Machines
[Jun 8 8:31 PM] Vending machines in Seoul, South Korea, are revolutionizing the traditional concept of buying gold by offering gold bars in various sizes. Situated within convenience stores throughout the affluent Gangnam district and other areas, these machines…
Crypto Scam Promoter Pleads Guilty, Faces Up to 20 Years in US Prison
[Jun 7 11:31 PM] Juan Tacuri, a major promoter of the cryptocurrency Ponzi scheme Forcount, later renamed Weltsys, has pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme primarily targeted Spanish-speaking communities…
Central Banks Boost Gold Reserves by 33 Tonnes in April
[Jun 7 9:25 PM] Global gold reserves rose by 33 tonnes in April, according to the World Gold Council. The Central Bank of Turkey was at the forefront, increasing its holdings by 8 tonnes. This addition marks 11 consecutive months of purchases, bringing the central…
70% of Korean Crypto Exchanges Fail to Repay Customers After Closure, Regulator Says
[Jun 7 7:33 PM] A joint research effort by Korean regulators — the Financial Supervisory Service (FSS) and Korea Financial Intelligence Unit (FIU) — has revealed that seven out of 10 cryptocurrency exchanges in South Korea failed to fully return investors’…
Crypto Exchange Bybit Announces Trading Support for Overseas Chinese
[Jun 7 11:20 AM] Cryptocurrency exchange Bybit has opened its platform to overseas Chinese residents for trading. The Dubai-based company’s decision is part of a strategy to draw new users while navigating the complexities of global regulatory scrutiny…
Semler Scientific Expands Bitcoin Holdings, Acquires 247 More BTC
[Jun 7 8:40 AM] Semler Scientific Inc. (Nasdaq: SMLR), a developer of medical technology aimed at fighting chronic diseases, has expanded its bitcoin portfolio by acquiring an additional 247 bitcoins for $17 million, inclusive of fees and expenses. As of June 6…
American Securities Association Sues SEC Over Lack of Transparency in Enforcement Actions
[Jun 7 7:31 AM] The American Securities Association (ASA) filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) on Thursday for failing to comply with the Freedom of Information Act (FOIA). The ASA seeks to compel the SEC to disclose records…
Uzbekistan’s Islamic Authority Retracts Fatwa Against Cryptocurrency, Issues Apology
[Jun 6 10:22 PM] Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was mistakenly released…
‘Stand With Crypto’ Advocacy Alliance Surpasses 1 Million Supporters
Binance Confirms Mastercard and Visa Support for Crypto Purchases but No Binance Credit Card Issued
[Jun 6 6:20 PM] Cryptocurrency exchange Binance posted on social media platform X Thursday that users can purchase cryptocurrency using Mastercard, Visa, or SEPA for bank transfers. The announcement led to confusion among some users regarding the reintroduction of…
Court Strikes Down SEC’s Private Fund Regulation, Citing Overreach
[Jun 6 2:35 PM] The U.S. Securities and Exchange Commission (SEC) has lost another court case. On June 5, the 5th U.S. Circuit Court of Appeals overturned the SEC’s Private Fund Adviser rule, which was designed to enhance transparency within the nearly $27…
Turkey Rules out Taxes on Crypto Profits, Considers Limited Transaction Tax
[Jun 6 8:28 AM] Turkish Treasury and Finance Minister Mehmet Simsek has stated that there are no current plans to impose taxes on profits from cryptocurrencies. However, he mentioned that the government is considering implementing a “very limited”…
FBI Warns of Crypto Scams in Fake Work-From-Home Jobs
[Jun 5 8:27 PM] The U.S. Federal Bureau of Investigation (FBI) issued an alert on June 4, highlighting a surge in cryptocurrency-related fraud involving bogus work-from-home opportunities. Scammers impersonate legitimate businesses and lure individuals with…
39% of Family Offices Investing or Exploring Cryptocurrencies: BNY Mellon
[Jun 5 7:32 PM] The 2024 BNY Mellon Wealth Management Study reveals a divided perspective among family offices regarding cryptocurrency investments. Approximately 39% of the surveyed family offices are either actively investing in cryptocurrencies or considering…
Hacked Japanese Crypto Exchange to Raise 50 Billion Yen to Repay Customers
[Jun 5 9:16 AM] DMM Bitcoin, a major cryptocurrency exchange based in Japan, has revealed its plan to secure 50 billion yen ($320 million) to repay customers after a significant security breach resulted in the loss of 4,503 bitcoins. The BTC leaked from the…
SEC Closing Salt Lake Regional Office After Failed Legal Battle Against Crypto Firm
[Jun 5 6:31 AM] The U.S. Securities and Exchange Commission (SEC) has announced the closure of its Salt Lake Regional Office (SLRO) due to attrition and a focus on organizational efficiency. This move will reduce the number of SEC regional offices from 11 to 10…
First Civil Lawsuit Filed Against Crypto Platform JPEX for Alleged Fraud
[Jun 4 10:20 PM] Two citizens, Chan Wing-yan and Herbert Lee Sun-him, have filed the first civil lawsuit against the cryptocurrency platform JPEX, seeking to recover approximately 240,000 units of tether, worth about HK$1.85 million. This marks the first civil…
Microsoft India X Account Hijacked by Crypto Scammers
[Jun 4 9:40 PM] Cryptocurrency scammers recently hijacked the official Microsoft India X account, which boasts over 211,000 followers, to impersonate Roaring Kitty, the pseudonym of well-known meme stock trader Keith Gill. Microsoft India’s X account, marked…
Ukrainian Police Bust International Crypto Fraud Ring, 14 Arrested
[Jun 4 8:37 PM] Ukrainian authorities have dismantled a criminal ring defrauding citizens across Ukraine, Moldova, Kazakhstan, and the European Union through deceptive call centers promising lucrative cryptocurrency investments. The National Police of Ukraine…
Thailand’s SEC Approves Bitcoin ETF Fund for Wealthy Investors
[Jun 4 7:33 PM] The Securities and Exchange Commission (SEC) of Thailand has granted approval to One Asset Management (ONEAM) to launch a fund that invests in spot bitcoin exchange-traded funds (ETFs). The fund, named “One Bitcoin ETF Fund of Funds Unhedged…
FTX Reaches Settlement With IRS on $24 Billion Tax Claim
[Jun 4 2:40 PM] Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax…
Deutsche Bank and Bitpanda Collaborate Amid Crypto Banking Challenges
[Jun 4 8:05 AM] Deutsche Bank is collaborating with Bitpanda to manage customer fiat deposits and withdrawals for the Austrian crypto broker. This collaboration addresses the challenges crypto platforms have faced in securing banking partners after the 2023…
Woman Pleads Guilty to Using Bitcoin for Dark Web Hitman
[Jun 3 10:16 PM] In Salt Lake City, Krista Renae Stone, 23, pleaded guilty to using the dark web to arrange a murder-for-hire in 2023. According to court documents, Stone utilized bitcoin to pay $5,000 for the hit. Between March and September 2023, she accessed a…
Dubai Financial Services Authority Updates Regulatory Framework for Crypto Tokens
[Jun 3 8:41 PM] The Dubai Financial Services Authority (DFSA) announced amendments to its crypto token regime on Monday, enhancing the regulatory environment for crypto tokens in the Dubai International Financial Centre (DIFC), a special economic zone. The…
Binance Announces Restrictions on Unauthorized Stablecoins in EU to Comply With MiCA Regulations
[Jun 3 6:31 PM] Crypto exchange Binance announced Monday its strategy to comply with the forthcoming Markets in Crypto Assets Regulation (MiCA) stablecoin rules, set to take effect on June 30 across the European Economic Area (EEA). These regulations will restrict…
Okx Launches Crypto Exchange and Wallet in the Netherlands
[Jun 3 2:12 PM] Global crypto trading platform Okx has launched its centralized exchange and wallet in the Netherlands. Dutch customers can now engage in spot trading and convert services for over 150 cryptocurrencies, including more than 60 crypto-Euro pairs. The…
Australia’s First Spot Bitcoin ETF Launching Tomorrow
[Jun 3 9:16 AM] Australia-based Monochrome Asset Management is set to debut its spot bitcoin exchange-traded fund (ETF), IBTC, on the Cboe Australia exchange this Tuesday, June 4. This will be Australia’s first ETF to directly hold bitcoin. Previously…