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Google Faces Lawsuit After $5M in Crypto Stolen via Play Store App

[Aug 18, 2024 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, 2024 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, 2024 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…

Zimbabwe Central Bank Denies Forced Remittance Conversion Claims

[Aug 17, 2024 9:30 AM] The Reserve Bank of Zimbabwe (RBZ) has denied claims that it intends to force recipients of U.S. dollar-denominated remittances to convert their funds into local currency. The central bank clarified that it has no plans to review its diaspora…

Dubai Court Recognizes Cryptocurrency for Salary Payments

[Aug 17, 2024 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…

Dormant Bitcoin Wallet From 2014 Moves $10.2M—After a Decade

[Aug 16, 2024 2:20 PM] On Aug. 16, 2024, with bitcoin (BTC) hovering above the $58,000 mark, a bitcoin wallet that had been untouched since Jan. 8, 2014, moved 174.88 BTC for the first time in over a decade. Back when the funds were initially secured by the P2PKH (Pay to…

Pro-Crypto Fairshake PAC Funds Democrats in Key Senate Races

[Aug 15, 2024 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, 2024 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, 2024 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…

Connecticut Police Recover $63,500 in Cryptocurrency Scam

[Aug 11, 2024 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…

Okx Says Accounts Interacting With Tornado Cash Will Be Closed

[Aug 10, 2024 4:30 AM] According to the CEO of the cryptocurrency exchange Okx, users are now barred from account interacting with Tornado Cash and Garantex. In a post on social media, the CEO said any Okx accounts receiving deposits from sanctioned entities, including…