Frax Finance X account hacked, CEO suspects inside job at Elon Musks office

Frax Finances X account was hacked on June 1 without a password breach, leading CEO Sam Kazemian to suspect insider involvement.

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Celsius small business creditors demand reimbursement after 35% cut in claims

Two Celsius creditors have filed a motion asking for a second distribution after they allegedly suffered reduced payments from possessing corporate accounts.

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Stripe Launches Stablecoin Accounts in 100+ Countries for Global Users

On the cutting edge of innovation in the financial world, Stripe has just made a groundbreaking announcement regarding stablecoin financial accounts. This move is set to revolutionize the way individuals and businesses interact with digital assets. Stripe, a leading online payment processing platform, has revealed its plan to offer stablecoin financial accounts to its users. [...]

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Hong Kong Police Disrupt $15 Million Laundering Ring Utilizing Cryptocurrency and 500 Bank Accounts

Hong Kong authorities dismantle a $15 million crypto money laundering operation Law enforcement in Hong Kong has successfully cracked down on a large-scale cryptocurrency laundering scheme worth $15 million. The police arrested five individuals between the ages of 24 and 33 for allegedly participating in the illegal operation. The suspects reportedly used a popular digital [...]

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Israeli fintech Kima, Mastercard lab look to develop DeFi credit card

Kima is seeking to bridge traditional and Web3 finance and make the user experience more manageable.

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Fidelity Unveils Low-Fee Crypto Investment Options for Retirement Accounts

Fidelity has announced the launch of retirement accounts that offer cryptocurrency investing at minimal fees. This move by the financial services giant further legitimizes the role of digital assets in traditional investment portfolios. Fidelity’s new offering allows investors to include cryptocurrencies in their Individual Retirement Accounts (IRAs), making it easier for individuals to access this [...]

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Worldcoin Emerges as Largest Deployer of Safe Wallets on Polygon Blockchain, Onboards 1.2 Million Self-Custodial Safe Smart Accounts

A tweet from Worldcoin states that they have successfully onboarded an impressive 1.2 million self-custodial Safe Smart Accounts (Read More)

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EU Anti-Money Laundering Laws Ban Provision of Services for Anonymous Cryptocurrency Accounts

A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for the “prevention of the use of the financial system for the purposes of money laundering or terrorist financing” alleges these assets present “risks of misuse [...]

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Hackers Breach Kaito AI and Founder Yu Hus X Social Media Accounts

Unfortunately, the popular social media platform Yu Hu X fell victim to a hacking incident involving the AI bot Kaito. The breach compromised user data and raised concerns regarding online security. This breach serves as a reminder of the importance of strong cybersecurity measures in today’s digital age. Kaito, the AI bot responsible for the [...]

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Ethereum Co-founder Vitalik Buterin Engages in Spirited Debate on Wallet Security

In a recent Ask Me Anything (AMA) session on Twitter, Ethereum co-founder Vitalik Buterin fielded various questions from the cryptocurrency community. The session largely revolved around the pros and cons of MPC-based (EOA) wallets versus Smart Contract wallets, providing intriguing insight into Buterin's perspective. (Read More)

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Gemini and Genesis Fight Back Against SEC Lawsuit, Seek Dismissal of Allegations

Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities. Gemini and Genesis Refute SEC’s Claims of Unregistered Securities, File Motion to [...]

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Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop Further, Requests for Yuan

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Signature’s crypto clients told to close their accounts by April 5: Report

Signature Bank’s cryptocurrency clients have been reportedly given until April 5 to take their funds out and find another bank, or have their accounts closed by the federal regulator. According to reports, a United States Federal Deposit Insurance Corporation (FDIC) spokesperson said on March 28 that the agency was “reaching out to depositors from Signature [...]

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French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud

On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial Prosecutor’s Office (PNF), the preliminary investigation into four French banks and one international [...]

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Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses

According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with [...]

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Brit Gets Prison Time for Twitter Hack Impersonating Biden, Buffett in Bitcoin Scheme

A U.K. citizen has been sentenced by ? New York court to five years in prison for his role in a Twitter hack including the hijacking of accounts of U.S. political and business figures. The man is also responsible for the theft of large amounts of cryptocurrency in a SIM swap attack. Hacker Goes to

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Dwpbank to Offer Bitcoin to 1,200 German Banks

Deutsche WertpapierService Bank (Dwpbank) is launching wpNex, a platform that will offer Bitcoin to its affiliates’ retail customers without requiring additional Know Your Customer procedures. The platform will also include other cryptocurrencies, digital assets, and tokenized securities in the future. (Read More)

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Over 100,000 Compromised Chatgpt Accounts Discovered on Darknet Markets

Cybersecurity researchers have found tens of thousands of devices storing Chatgpt credentials that have been infected with info-stealing malware. The account details have ended up being sold on the dark web, they said, pointing out that the Asia-Pacific leads by number of such offers. Increase of Compromised Accounts Testifies to the Growing Popularity of Chatgpt

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Binance and Huobi freeze $1.4M in crypto linked to North Korean hackers

The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work.

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Visa dreams up plans so you can auto-pay bills with your crypto wallet

Auto-payments for bills are commonplace in the traditional banking world and Visa has proposed a way to mimic the service using blockchain tech.

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