4 / 12 Relevant items tagged with #NewsBytes2
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Russian Cybercriminal Extradited to US in Crypto Crime Case
[Aug 26 2:30 AM] A Russian cybercriminal, Deniss Zolotarjovs, has been charged in the U.S. with crimes related to his involvement in a cybercrime organization known for extorting victims and laundering cryptocurrency. The 33-year-old Moscow resident was indicted in…
Elon Musk Supports Efforts to Free Telegram CEO Pavel Durov
[Aug 25 12:15 PM] Following Telegram founder Pavel Durov’s arrest, Tesla CEO Elon Musk posted the hashtag #FreePavel on his social media platform X. The hashtags #FreePavel and #FreeDurov emerged as supporters protested Durov’s arrest and called for his…
Taiwan Court Convicts 8 in Espionage Case Involving Crypto Payments
[Aug 23 4:30 AM] Taiwan’s high court on Thursday convicted eight people, including military personnel, of espionage for China, with payments allegedly made in cryptocurrency, the Central News Agency reported. The sentences range from 1.5 to 13 years in prison…
Supreme Court Urged to Protect Crypto in Nvidia-Backed Legal Fight
Crypto Fund Settles With NFA Over $2.5M Bitcoin Loan
[Aug 21 8:34 PM] Cryptocurrency fund Ikigai Strategic Partners has agreed to pay a $150,000 fine to the National Futures Association (NFA) following allegations of an illicit bitcoin loan, according to an Aug. 20 decision by an NFA hearing panel. The fine addresses…
RBI Report Highlights India’s Central Bank Digital Currency Development
[Aug 21 6:30 AM] India’s central bank, the Reserve Bank of India (RBI), published its August bulletin on Monday. The report discusses several aspects of central bank digital currency (CBDC) and its implications. The RBI is actively involved in developing CBDC…
Woman Sentenced to Prison for Bitcoin-Funded Dark Web Murder Plot
[Aug 21 4:30 AM] A Utah woman, Krista Renae Stone, 23, was sentenced to 78 months in federal prison for attempting to orchestrate a murder-for-hire using the dark web, the U.S. Department of Justice (DOJ) announced on Monday. Stone targeted her ex-boyfriend’s new…
7 Arrested in Illegal Bitcoin Mining Crackdown in Malaysia
[Aug 21 2:30 AM] Seven individuals were arrested in Malaysia during a special operation targeting illegal bitcoin mining in Bandar Baru Salak Tinggi and Taman Putra Perdana. The operation, which involved coordinated efforts by law enforcement, focused on detecting…
Donald Trump Considers Elon Musk for Cabinet Role
New Hampshire Regulator Orders Cease and Desist Against Finstate Investment for Crypto Fraud
[Aug 19 2:30 AM] The New Hampshire Bureau of Securities Regulation has issued a cease and desist order against Finstate Investment LLC, accusing it of defrauding investors via a fraudulent cryptocurrency investment website. Finstate allegedly misrepresented account…
Goldman Sachs Lowers US Recession Risk to 20%
[Aug 18 10:30 PM] Goldman Sachs economists have lowered the likelihood of a U.S. recession within the next year from 25% to 20%, citing recent data on retail sales and jobless claims. If the upcoming August jobs report, scheduled for release on September 6, shows…
UBS Urges Caution Despite Positive US Economic Data
[Aug 18 6:30 PM] UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a…
Google Faces Lawsuit After $5M in Crypto Stolen via Play Store App
[Aug 18 6:30 AM] A Florida woman, Maria Vaca, has sued Google in a California state court, alleging that a cryptocurrency wallet app she downloaded from the Google Play Store was malicious and resulted in the theft of $5 million in cryptocurrency. Vaca claims the…
Indian Authority Arrests Man in Crypto Extortion Case
[Aug 18 2:30 AM] A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144 million), according…
Privacy Fears Undermine Support for Digital Euro in Germany
[Aug 18 12:30 AM] Skepticism about the digital euro is strong in Germany, especially among older citizens who prioritize privacy and security in financial transactions. Many Germans remain resistant to the idea of a digital currency, with about half unable to…
JPMorgan Prepares Investors for September Rate Cut With Dual Investment Approach
[Aug 17 8:30 PM] Favorable economic data this week bolstered market confidence, leading to a strong rally in equities, JPMorgan explained in a report published on Friday. With the Federal Reserve now likely to cut interest rates in September, the global investment…
Clay County Intensifies Efforts Against Cryptocurrency Scams
[Aug 17 5:30 AM] The Clay County Prosecutor’s Office, located in Liberty, Missouri, is intensifying efforts to combat the rise in cryptocurrency-related scams. Recognizing the growing threat posed by scams related to cryptocurrencies like bitcoin and…
Crypto-Stealing Malware ‘Styx Stealer’ Exposed by Hacker’s Critical Mistake
[Aug 17 2:30 AM] Check Point Research (CPR) has uncovered Styx Stealer, a new malware capable of stealing browser data, cryptocurrency, and instant messenger sessions. Styx Stealer is a variant of Phemedrone Stealer and includes new features like auto-start and…
Dubai Court Recognizes Cryptocurrency for Salary Payments
[Aug 17 12:30 AM] In a landmark decision, the Dubai Court of First Instance has recognized the payment of salaries in cryptocurrency under employment contracts, marking a significant shift in the United Arab Emirates (UAE)’s legal approach to digital…
Pro-Crypto Fairshake PAC Funds Democrats in Key Senate Races
[Aug 15 6:30 AM] A pro-cryptocurrency political group, Fairshake PAC, has invested millions in supporting Democratic Senate candidates in Michigan and Arizona against former President Donald Trump-endorsed Republicans, causing tension within the GOP. Fairshake PAC…
Police Warn of Bitcoin Scammers Posing as Bank Representatives
[Aug 14 9:30 AM] The Carroll County Sheriff’s Office in the U.S. state of Georgia has issued a warning about a cryptocurrency scam. Scammers are posing as representatives of financial institutions, informing individuals that their accounts have been compromised…
Bitcoin Scam Targets US County Residents With Fake Warrants
[Aug 14 8:30 AM] A scam email targeting residents of Montgomery County, Pennsylvania, is falsely soliciting Bitcoin payments to resolve supposed arrest warrants. The fraudulent emails claim to be from authorities like the “FDIC government office warrant…
Malaysian Police Hunt 4 Suspects in Kidnapping Case Involving $1.2M Crypto Ransom
[Aug 13 2:10 AM] Selangor police in Malaysia are pursuing four local suspects connected to the July 11 kidnapping of a Chinese national and a Malaysian woman near the Lebuharaya Maju Toll Plaza in Cyberjaya. Selangor Police Chief Datuk Hussein Omar Khan disclosed…
SEC Cracks Down on Ideanomics for Fraud in Misleading Crypto and Revenue Disclosures
[Aug 11 7:30 AM] The U.S. Securities and Exchange Commission (SEC) has charged Ideanomics Inc. and three of its senior executives with fraud for misleading financial disclosures from 2017 to 2019. Former Chairman and CEO Zheng (Bruno) Wu, current CEO Alfred Poor…
Connecticut Police Recover $63,500 in Cryptocurrency Scam
[Aug 11 5:30 AM] Connecticut State Police (CSP), in collaboration with the Statewide Prosecution Bureau, said on Wednesday that they have successfully recovered over $63,500 for a victim of a cryptocurrency phishing scam. The incident, reported in April by a…
Queens Bitcoin Heist: Seven Charged With Grand Larceny and Money Laundering
[Aug 11 3:30 AM] Seven individuals have reportedly been indicted on charges of grand larceny, money laundering, and identity theft for stealing $300,000 in bitcoin from a Queens auto body shop owner. The victim’s 5.75 BTC, originally valued at $92,000, was…
Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September
[Aug 8 8:30 AM] Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,”…
Bitstamp and Stripe Collaborate for EU Crypto Onramp
[Aug 8 6:30 AM] Crypto exchange Bitstamp is collaborating with Stripe, a financial infrastructure platform, to support Stripe’s fiat-to-crypto onramp across the EU. This collaboration enables EU consumers to easily purchase cryptocurrencies through a…