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Federal Reserve Ends Enforcement Action Against FTX-Connected Farmington State Bank
7.2.2024
The Federal Reserve terminated its enforcement action against Washington-based Farmington State Bank, previously known as Moonstone Bank and linked to FTX’s Alameda Research. Federal Reserve Terminates Enforcement Action of FTX-Linked Farmington Bank The Federal Reserve Board has officially...
Hong Kong General Chamber of Commerce Asks Government to Allow Yuan-Linked Stablecoins
7.2.2024
The Hong Kong General Chamber of Commerce (HKGCC) has asked policymakers to consider allowing the issuance of Chinese yuan-linked stablecoins. In a statement released on Tuesday, the influential business organization emphasized the importance of retaining and attracting talent and businesses...
FTX-linked Farmington State Bank Cleared from Federal Reserve Enforcement Action
6.2.2024
The Federal Reserve terminated an enforcement action with Farmington State Bank on February 6, announcing that the FTX-affiliated bank had “completed its wind-down plan and no longer functions as a bank.” “The Board’s enforcement action, which has been in effect since July 2023, ensured the bank’s...
Binance Freezes $4.2M in XRP Linked to $112M Ripple Hack
2.2.2024
Cryptocurrency exchange Binance has frozen $4.2 million worth of XRP in connection with the $112 million hack on Ripple co-founder Chris Larsen’s wallet on January 31. This incident is currently the most significant hack of 2024. In response to the exploit, XRP Ledger developers promptly...
Defendant Pleads Guilty to Drug Related Charges, Forfeits $150 Million Worth of Cryptocurrency
30.1.2024
An Indian national has pleaded guilty to conspiracy and narcotics-linked charges issued by a United States District Court. The guilty plea resulted in a forfeiture of $150 million worth of cryptocurrency. In a recent press release, the United States Attorney General’s Office in the Southern...
Amazon Developing Movie on Bitcoin Money Laundering Couple Linked to Bitfinex Hack
30.1.2024
Amazon MGM Studios is reportedly in the early stages of developing a movie based on the exploits of the couple involved in laundering billions of dollars worth of Bitcoin connected to the 2016 hack of the cryptocurrency exchange Bitfinex. According to a report from Deadline on January 26, the film...
Report: Bitcoin and L2 Networks Lead Fee Generation Surge in Blockchain Landscape
29.1.2024
The PWN DAO Foundation, linked to the peer-to-peer lending protocol PWN, has released a comprehensive report analyzing user-incurred onchain fees within major blockchain networks and decentralized applications (dapps) for the past year. The 2023 analysis examines Ethereum, BNB Chain, Bitcoin,...
South Korean Crypto Exchanges Blocked $82m Worth of Romance Scam Transactions in 2023
29.1.2024
South Korean crypto exchanges say they blocked over $82 million worth of transactions linked to romance scams last year. Per Seoul Shinmun, the crypto exchange Coinone claimed catfishing and other romantic scams that make use of crypto were now “rampant” in South Korea. Coinone said that it...
Crypto-Linked Stocks Rise With Bitcoin as Analyst Says 'Not The Time to Turn Bearish'
26.1.2024
Miners such as Bitfarms (BITF), Hut 8 (HUT) and TeraWulf (WULF) were among the outperformers
Crypto-Linked Violations Rack Up $2.8B in SEC Fines in 2023
25.1.2024
A Cornerstone Research report published Wednesday showed that crypto fines against digital asset market participants hit $2.89b by the end of 2023. That’s an 11% jump from the $2.6b in fines imposed through 2022. The findings show that as the crypto market grows, so does the SEC’s role...
Bitwise Sets New Precedent as First U.S. Bitcoin ETF to Reveal BTC Addresses
24.1.2024
Bitwise is leading the way in transparency for U.S. Bitcoin ETFs, revealing the fund’s BTC addresses. Image by ki, Adobe Stock. On January 24, Bitwise Asset Management took a major step toward transparency by releasing the Bitcoin wallet addresses linked to its Bitcoin exchange-traded fund....
Meme Token TRUMP Sent to Donald Trump-Branded Crypto Wallet Now Worth Over $1.1 Million
24.1.2024
Memecoins in a crypto wallet purportedly linked to former U.S. President Donald Trump have risen to over $1 million in just six months. According to data from blockchain analytics firm Arkham Intelligence, the TRUMP meme coins sent to Trump’s alleged crypto wallet were originally worth several...
Arkham Reveals Onchain Addresses Linked to 4 Major Bitcoin ETFs, Boosting Market Transparency
24.1.2024
On Jan. 23, Arkham, a firm specializing in onchain intelligence, announced the identification of four lists of connected addresses linked to four new spot bitcoin exchange-traded funds (ETFs). These groups of addresses are reportedly associated with fund managers including Blackrock, Fidelity...
Bitcoin and Ethereum Price Prediction as BTC Dips Below $40,000 and ETH Struggles to Hold $2,200
23.1.2024
Bitcoin, the foremost digital currency, witnessed a notable dip below the critical $40,000 mark, briefly falling to around $39,500. This decline has been linked to substantial Bitcoin sales, notably influenced by the Grayscale GBTC Bitcoin ETF, fueling concerns about a possible further descent...
Socket Retrieves $2.3M in ETH Following Bungee Bridge Exploit
23.1.2024
Source: AdobeStock/Roman Samokhin Interoperable blockchain network Socket has announced the retrieval of 1,032 Ether tokens worth $2.3 million. Announcing this development on X (formerly Twitter), the protocol revealed that these digital funds were linked to the January 16 Bungee Bridge exploit...
US Treasury Announces New Sanctions Against Hamas-linked Crypto Companies
22.1.2024
The United States Department of the Treasury’s Office of Foreign Assets Control has imposed new sanctions on facilitators and networks involved in crypto transactions linked to the Palestinian militant group Hamas. In an announcement posted on January 22, the Office of Foreign Assets Control...
Top 5 AI Crypto Tokens Experience Downturn, Sector Loses $960 Million in Value
22.1.2024
The value of crypto assets linked to artificial intelligence (AI) surged to $7 billion at the beginning of the year. However, recent weeks have seen a reduction of $960 million in the overall worth of the AI crypto sector. Each of the leading five AI-focused digital assets has experienced a decline...
Former Bithumb Chairman Acquitted in $100M Fraud Case in Second Trial
18.1.2024
The former chairman of Bithumb Holdings and Bithumb Korea, Lee Jeong-hoon, has been acquitted for the second time in the $100 million fraud case. The recent decision by the 5th Criminal Division of the Seoul High Court follows Lee’s earlier acquittal in January 2023 on comparable charges...
Spot Bitcoin ETF Approvals, Ethereum’s Outperformance, BTC Mystery Transfer, and More — Week in Review
14.1.2024
The SEC approved spot bitcoin ETFs, sparking a lukewarm market response despite ethereum’s rising prominence. Meanwhile, intrigue swirled around a mysterious $1.19 million bitcoin transfer to the genesis address linked to Bitcoin’s creator, Satoshi Nakamoto. The launch day of U.S....
PYUSD’s 30-Day Surge of 72% Vaults Paypal’s Offering Into USD Stablecoin Top Ten
11.1.2024
Over the last month, the supply of Paypal’s PYUSD stablecoin has seen a substantial increase, surging by over 72% from 167.83 million to 289.43 million PYUSD. This significant growth has propelled the payment behemoth’s dollar-linked digital currency to become the tenth largest among...