Canada crypto exchanges get more time for stablecoin compliance

Crypto platforms in Canada are having trouble preparing for new stablecoin regulations. Take your time, the Canadian Securities Administrators said.

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Bitcoin ETF security concerns mount after FBI warns of North Korean hackers

North Korean hackers are reportedly targeting the billions of dollars in BTC and ETH held by crypto ETF custodians. 

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Compliance experts should help regulate crypto Silk Road 2.0 founder

Compliance experts explain the importance of working with regulators to ensure that effective crypto laws are passed.

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FBI issues warning about scammers impersonating crypto exchanges

The FBI urges victims to report scam activities through official channels and provide any transaction information related to the scam.

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FBI will neither confirm nor deny the existence of Satoshi records

An investigative journalist reported that the FBI issued a standard Glomar response to a request for information on Satoshi Nakamoto but with an interesting assertion.

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Spot Bitcoin ETFs see record inflows after July 4 dip

The Bitcoin price correction provided a strong opportunity for ETF investors to buy the dip.

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US Bitcoin ETFs see record $17B in net inflows

The consistent inflows into Bitcoin spot ETFs signal a robust and growing demand for regulated Bitcoin investment vehicles.

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Sky Mavis recovers $5.7M from Ronin Bridge hack

Axie Infinity creator Sky Mavis said that some of the funds will cover the recovery costs, while the rest will return to the Axie treasury.

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US State Dept offers $5M reward for OneCoin Cryptoqueen

Bulgarias Acting Prosecutor General said Ruja Ignatova would be charged in absentia, while the FBI listed a $5 million reward for the OneCoin founder.

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Singapore alerts businesses to Bitcoin ransomware risk

Singapore police advised businesses against paying ransom to the bad actors in case of a compromise and asked them to report the incident to authorities immediately.

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Bitcoin ETFs sucked up 2 months of BTC mining supply in first week of June

In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May.

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Virginia Man Sentenced to 30 Years for Crypto Funding of ISIS Terror

A Virginia man, Mohammed Azharuddin Chhipa, has been sentenced to 30 years in prison for cryptocurrency funding of ISIS. Chhipa wired more than $185,000 to female ISIS members in Syria between 2019 and 2022. The U.S. Department of Justice (DOJ) outlined how Chhipa used social media and encrypted applications to collect, launder, and transfer the […]

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Grayscales GBTC stops bleeding: First net inflows since launch

Grayscales Bitcoin Trust ETF has seen its first day of net inflows, following over $17.5 billion in outflows since the launch of spot Bitcoin ETFs in January.

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New Zealand man apprehended in $265 million cryptocurrency scheme linked to FBI investigation

A man from New Zealand has been apprehended by the FBI in connection with a cryptocurrency scam worth $265 million. The arrest comes after an extensive investigation into the fraudulent scheme, which reportedly defrauded numerous victims of substantial amounts of money. The suspect, whose identity has not been disclosed, is believed to have played a [...]

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Maryland Woman Loses $3 Million in Pig Butchering Crypto Scam 

A woman from Maryland lost $3 million in a crypto scam known as “pig butchering.” The fraudsters, who are from Southeast Asia, gained her trust after several weeks using a Korean messaging app before stealing her money. The FBI has warned that this type of fraud is becoming more popular in recent times. Basically, pig […]

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Avraham Eisenberg, Mango Markets Exploiter, Charged with Possession of Child Pornography

Avraham Eisenberg, convicted of fraud and market manipulation in a $110 million Mango Markets heist, has been charged with possession of child pornography after discovering explicit images of minors on his electronic devices. (Read More)

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Older Americans Hit Hard by Crypto Scams, FBIs IC3 Reports $2.8 Billion Losses

Cryptocurrency fraud losses soared by 66% in 2024, totaling $9.3 billion, and a significant portion of complaints were from older individuals.

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FBI Warns Americans Against Using Non-KYC Crypto Money Transmitting Services

The FBI says crypto money transmitting services that purposely break the law or knowingly facilitate illegal transactions will be investigated.

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Uncovering the $9.3B Crypto Fraud Scam that Rocked Americans in 2024, Revealed by FBI

The FBI’s Latest Report on Cryptocurrency Fraud Trends for 2024 A recent FBI report delves into the increased prevalence of cryptocurrency fraud schemes in 2024, shedding light on the evolving tactics used by scammers in the digital asset space. The report highlights the various ways in which fraudsters are exploiting the growing popularity of cryptocurrencies [...]

The post Uncovering the $9.3B Crypto Fraud Scam that Rocked Americans in 2024, Revealed by FBI appeared first on Crypto Breaking News.

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9 New Bitcoin ETFs Accumulate $1.3B in BTC in 6 Days as Funds Near the 500,000 Milestone

In the span of just six days, the nine freshly launched spot bitcoin exchange-traded funds (ETFs) have gathered 20,859.57 bitcoins, valued at over $1.3 billion. Holding 474,363.55 bitcoins worth $30.6 billion, these new ETFs are short of 25,636.45 coins to hit the 500,000 milestone. Excluding GBTC, Fidelity’s FBTC and Blackrock’s IBIT Dominate Bitcoin ETFs In [...]

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