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EU to Send Ukraine 1.4 Billion Euros From Frozen Russian Assets

[Jul 24, 2024 12:30 AM] The European Union (EU) is set to provide Ukraine with 1.4 billion euros ($1.52 billion) in military aid, sourced from the interest on frozen Russian assets. This decision, announced by EU High Representative for Foreign Affairs and Security Policy…

Marathon Digital Ordered to Pay $138M for Contract Breach

[Jul 23, 2024 11:30 PM] A federal court jury in Los Angeles has awarded Michael Ho $138 million after finding crypto mining firm Marathon Digital Holdings Inc. guilty of breaching a Non-Disclosure/Non-Circumvention Agreement. Ho had shared proprietary information about a…

Telegram Reaches 950 Million Monthly Active Users

[Jul 23, 2024 2:22 AM] Telegram, the popular messaging app, has reached 950 million monthly active users worldwide, according to its founder Pavel Durov. The app has served as a platform for the popularization and growth of several cryptocurrency projects featuring…

Elon Musk Laser Eyes Profile Picture Sparks Speculation

[Jul 22, 2024 2:30 AM] The recent addition of laser eyes, a feature popular among bitcoin enthusiasts, to Elon Musk’s profile picture has spurred speculation around his potential involvement in the upcoming Bitcoin 2024 Conference to be held in Nashville…

Meta to Appeal Nigeria’s $220 Million Data Privacy Fine

[Jul 21, 2024 11:30 PM] Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta (formerly Facebook) $220 million for alleged data privacy violations. The investigation centered on Whatsapp LLC and Meta’s failure to allow users to consent to…

Delhi Police Arrest 7 in Crypto Fraud

[Jul 21, 2024 10:30 PM] Delhi police have arrested seven individuals, including a contractual bank employee, for allegedly defrauding a man of ₹91 lakh ($111,000) by promising high returns in stock and cryptocurrency trading. The suspects, identified as Ajay, Mohit…

2 Foreign Nationals Plead Guilty in Lockbit Ransomware Case

[Jul 20, 2024 2:30 PM] Two foreign nationals pleaded guilty in Newark federal court regarding their participation in the Lockbit ransomware organization, the U.S. Department of Justice (DOJ) revealed on Thursday. Russian citizen Ruslan Magomedovich Astamirov and Mikhail…

SEC and 100 Agencies Form Council to Combat Securities Fraud

[Jul 20, 2024 12:30 PM] The U.S. Securities and Exchange Commission (SEC) has established the Interagency Securities Council (ISC) to enhance coordination among federal, state, and local agencies on securities fraud. The ISC aims to improve fraud prevention, share…

Chinese Billionaire Convicted of Racketeering and Wire Fraud in US

[Jul 19, 2024 9:30 PM] Exiled Chinese billionaire Guo Wengui, also known as Miles Guo, has been convicted by a U.S. jury on charges including racketeering conspiracy and wire fraud. Guo defrauded followers of over $1 billion, primarily through false investment schemes in…