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Tether aids Dutch FIOD, NHCTU, and U.S. Secret Service in dismantling cryptocurrency exchanges involved in money laundering. (Read More)
Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.
Swedish authorities label certain cryptocurrency exchanges as key enablers of organized crime, highlighting four distinct money-laundering profiles.
The Hong Kong Monetary Authority (HKMA) launches Phase 2 of the e-HKD Pilot Programme, expanding Project e-HKD to investigate new digital money forms. (Read More)
Amid multiple alleged money laundering charges, the Nigerian government claims that Binance was responsible for the decline of its naira currency.
Popular Investor Statistics I am a Champion Popular Investor on eToro, awaiting the required minimum AUC to upgrade to the Elite level. My username is vincenzost and 176 people are currently investing in my portfolio. The assets under copy are between $300,000 and $1,000,000 and my portfolio has a risk score of 6 (medium). Over the past five years, my [...]
The post August 2024 eToro Portfolio Update (vincenzost) appeared first on Crypto Breaking News.
Social media users have been reporting a glitch with Chase Bank ATMs, allowing them to withdraw large sums without sufficient funds.
The Ethereum ecosystem is undergoing a period of profound uncertainty that is likely to have repercussions over the long haul. Ethereum’s community is apparently facing shifting narratives and declining sentiment. Once termed “ultrasound money,” ETH’s notion of being a deflationary asset has become questionable due to the decreasing transaction revenues and the slowdown in token […]
According to Michael van de Poppe, an upcoming surge in global liquidity, fueled by debt refinancing, could trigger the next Bitcoin bull run.
According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024.
According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024.
Despite crypto being blamed for illicit activities, critics argue that traditional banks launder far more money annually.
The FCA is throwing the book at the head of Gidiplus Limited for operating an ATM network after being denied registration.
The cryptocurrency exchange OKX has announced a firm policy banning accounts linked to the questionable mixing service Tornado Cash in an attempt to prevent illicit activity and promote compliance with international laws. According to OKX CEO Star Xu, any account found to be exploited by Tornado Cash or other authorized firms like Garantex would be cancelled without delay. okx 1. Garantex Tornado cashokx 2. okx https://t.co/MTJ7OtQRny Star (@star_okx) August 9, 2024 Tornado Cash Controversy Tornado Cash is recognized for hiding crypto transactions, which unscrupulous people exploit to launder money and commit other crimes. The firm is under more regulatory scrutiny after the US Treasury Department penalized it in 2023 for allowing over $7 billion in unlawful transactions. Related Reading: Bitcoin NVT Golden Cross Gives Bottom Signal: What Happened Last 2 Times OKX Compliance Measures Nowadays, OKX’s risk control systems are programmed to automatically find and close accounts linked to Tornado Cash or another approved company. Xu underlined that the interaction is necessary to follow relevant sanctions rules, particularly those enforced by the United States. OKX’s Tornado Cash crackdown follows allegations of the service sending stolen money via protocol attacks. On August 7, the Rain crypto exchange hacker laundered 1,155 Ether using Tornado Cash. #okx #urgent ALL @okx EXCHANGE USERS ARE AT RISK Since 2019, I have been a partner of the OKX exchange, recommended it to you and actively used it myself. Until today, it worked honestly and stably. But today, I regret to admit that the exchange policy and all the pic.twitter.com/fQiDRj6aHO Satoshi Friends (@slezisatoshi) August 8, 2024 Response To User Concerns Xu said that the user has before made large transactions via approved exchanges or DeFi systems. The individual was still allowed to withdraw clean money before their account was banned nonetheless. Emphasizing that OKX cannot provide services to sanctioned individuals or companies, Xu clarified that compliance concerns made it impossible to move data from an old account to a new one. Xu informed the wider user base that most consumers operate distant from approved businesses, hence most of them are unlikely to be harmed. He underlined that preserving the commitment of the exchange to financial integrity and regulatory compliance depends on these steps. Related Reading: Dogecoin Price (DOGE) Poised for a Steady Increase, Inspired by Bitcoin Impact On Tornado Cash OKX’s deactivation of Tornado Cash accounts follows a crypto industry trend towards regulatory compliance and legality. Binance and Kraken both delist privacy coins and prohibit mixing. Roman Semenov, Alexey Pertsev, and Roman Storma trio of Russian immigrants living in Europefounded Tornado Cash in 2019. Pertsev was sentenced to five years in jail in May 2024 for breaking anti-money laundering regulations with transactions utilizing Tornado Cash. Featured image from Pexels, chart from TradingView
Crypto ATMs are more vulnerable to fraud and money laundering due to weaker KYC and AML protocols, as per a new report.
Bitcoin offers a modest BTC price comeback after hurtling toward $60,000 in step with stocks worldwide.
Stables Money already has a chunk of the $35 billion Philippine remittance market and will upgrade service with the new stablecoin.
Tether and Rezo Money team up to promote blockchain education in Guinea, aiming to boost digital literacy and financial inclusion. (Read More)
Bitcoin could be on track for a September breakout to new record highs, but it faces significant resistance around $65,000.
Is it a good time to invest in cryptos? I will give you 5 good reasons why you should consider investing in cryptos now. The last one is the most important. 1. Bitcoin Halving This year, in May, we had the Bitcoin halving. It’s an event that happens every 4 years, which cuts the number [...]
The post Is Now a Good Time to Invest in Cryptos? appeared first on Crypto Breaking News.
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