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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…

KPMG Establishes Strategic Alliance With Cryptio

[Jul 19, 2024 8:40 AM] KPMG LLP, the U.S. audit, tax, and advisory firm, has announced a strategic alliance with Cryptio, a crypto accounting software platform. This collaboration aims to help companies establish controls for better accounting of crypto assets, meeting…

HTX Is Latest Exchange to Integrate Fireblocks

[Jul 19, 2024 6:33 AM] Global crypto exchange HTX has integrated Fireblocks Off Exchange. This is aimed at enhancing digital asset security and streamlining global compliance operations. It employs Fireblocks’ multi-party computation (MPC) technology to mitigate…

ECB Maintains Interest Rates Amid Persistent Inflation Concerns

[Jul 18, 2024 8:16 AM] The European Central Bank (ECB) maintained its interest rates on Thursday, indicating that domestic price pressures and elevated inflation levels will persist into next year. After a recent rate cut, the ECB adopted a cautious stance, suggesting…

Issuance of TRON-Based USDT Exceeds $60 Billion

[Jul 17, 2024 7:09 AM] In a recent social media post, Justin Sun, the founder of TRON, announced that the issuance of TRON-based USDT has reached a significant milestone, exceeding $60 billion. This achievement also marks TRON as the first blockchain to have a single…

Crypto-Friendly VC Andreessen Horowitz Backs Trump Campaign

[Jul 17, 2024 3:55 AM] Marc Andreessen, co-founder of prominent venture capital firm Andreessen Horowitz, has announced his support for former President Donald Trump in the 2024 presidential race, citing Trump’s policies as more favorable for the tech industry and…

Zimbabwean Miner Launches Blockchain-Based Gold Tracking System

[Jul 17, 2024 2:30 AM] Zimbabwean mining company, Kuvimba Mining House, has introduced a blockchain-based mine-to-market traceability system for its gold production in the country. This system ensures that all gold from Kuvimba is traceable from the mine to international…

JPMorgan Bullish on Gold Prices Into Year-End

[Jul 16, 2024 6:30 PM] Global investment bank JPMorgan remains optimistic about gold prices, projecting a significant rise in the fourth quarter of 2024 due to anticipated Federal Reserve rate cuts beginning in September. On Tuesday, the price of gold surged past its…

Cambodian Firm Receives $150K in Crypto From North Korean Hackers

[Jul 16, 2024 5:20 AM] A major payments firm in Cambodia, Huione Pay, received over $150,000 in cryptocurrency from a digital wallet used by the North Korean hacking group Lazarus, according to blockchain data reviewed by Reuters. The crypto was sent to Huione Pay…