Elon Musks X suspends data collection for AI training, EU watchdog says

After proceedings in an Irish court, the local Data Protection Commission said X agreed to suspend processing the personal data of EU users to train its AI system.

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Wemix.fi suspends lending amid stablecoin liquidation issues

The issues with liquidating the WEMIX stablecoin were not detailed, but the blockchain game producer has problems enough to choose from.

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SFC Suspends Shum Wai Nap for Seven Months Over Private Fund Mismanagement

The SFC has suspended Shum Wai Nap for seven months due to failures in managing a private fund, highlighting significant regulatory actions. (Read More)

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ZKasino scam suspect arrested, $12.2M seized by Dutch authorities

Authorities seized $12.2 million worth of digital assets, real estate and luxury cars during the arrest.

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Democrats Investigate Suspicious Activity Reports Connected to Trumps Cryptocurrency Ventures

In a recent development, the Democratic Party has called for transparency from the U.S. Treasury Department regarding former President Donald Trump’s involvement in the cryptocurrency market. Democrats are urging for thorough reports on Trump’s crypto ventures to ensure accountability and oversight. This move comes as part of a wider initiative to scrutinize the former president’s [...]

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Spanish Police Detain Six Suspects in $20M AI-Powered Investment Scam Bust

Spanish Authorities Dismantle $20 Million Artificial Intelligence-Driven Fraud Spanish law enforcement recently targeted a sophisticated $20 million scam that utilized artificial intelligence technology to target unsuspecting victims. The operation, conducted in collaboration with international authorities, resulted in the dismantling of a criminal network that had been operating the scheme for an extended period. The scammers [...]

The post Spanish Police Detain Six Suspects in $20M AI-Powered Investment Scam Bust appeared first on Crypto Breaking News.

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Four Suspects Arrested for Home Invasion of Popular Streamer Amouranth

Four individuals have been arrested and charged in connection to a home invasion targeting popular streamer Amouranth. The suspects allegedly invaded the streamers residence with the intention of committing a crime. This incident has raised concerns within the streaming community about the safety and security of content creators. Amouranth, known for her live streams on [...]

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UK Approves Charges Against NCA Officer for Suspected Bitcoin Theft

The United Kingdom has recently brought charges against a police officer for his involvement in a Bitcoin theft case. The officer, along with four other individuals, is accused of stealing Bitcoin from criminals. This case sheds light on the vulnerability of digital assets to theft and the importance of securing them properly. The accused officer [...]

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Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes

The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and breaches of fiduciary responsibilities, Nevada’s financial regulators mandated the closure of Prime Trust. Despite these challenges, Coinbits maintains confidence that the custodian “still has enough bitcoin [...]

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Economist Peter Schiff Blasts Debt Ceiling Deal, States National Debt Might Increase by $4 Trillion in the Next Two Years

Peter Schiff, the chief economist of Europac and best-selling author, has blasted the recent bipartisan deal regarding the United States debt ceiling. According to Schiff, the proposal fails to address the already inflated budget, allowing rises in several budget areas without supervision, which could increase the U.S. national debt by at least $4 trillion in

The post Economist Peter Schiff Blasts Debt Ceiling Deal, States National Debt Might Increase by $4 Trillion in the Next Two Years appeared first on BTC Ethereum Crypto Currency Blog.

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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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Top 5 South Korean Crypto Exchanges Reveal Compliance Strategies to Curb Illicit Activities

According to a statement published by the South Korean Financial Services Commission (FSC), the entity’s Korea Financial Intelligence Unit held a meeting with virtual asset service providers (VASPs) in order to strengthen regulatory compliance. The top five South Korean cryptocurrency exchanges including Upbit, Bithumb, Coinone, Korbit, and Gopax have created compliance systems to monitor illegal [...]

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JPMorgan Chase enters generative AI race with IndexGPT trademark

JPMorgan's ChatGPT rival, IndexGPT, will be used across various business units, including advertising, business consulting and various finance-focused software as a service (SAAS) services among others.

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Is Multichain guilty of a rugpull? Binance suspends deposits

The MultiChain protocol and its native token, the MULTI, have been in the limelight in today’s crypto news following reports of transactions on the Multichain protocol being delayed across multiple cross-chain bridges without a clear explanation. This has led to a huge sell-off that resulted in the MULTI price dropping by 20% at press time. …

<p>The post Is Multichain guilty of a rugpull? Binance suspends deposits first appeared on CCNC | Cryptocurrency Newscast.</p>

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Fujitsu interested in crypto trading services: trademark application

The branding is dedicated to offering financial services, which include acceptance of deposits, financing loans and financial management and exchange of crypto assets.

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Binance Temporarily Halts Spot Trading: Bitcoin Price Drops

Binance suspends spot trading due to technical issues, leading to a temporary dip in Bitcoin price. Read the details and find out what CEO Changpeng Zhao has to say.

The post Binance Temporarily Halts Spot Trading: Bitcoin Price Drops appeared first on BitPinas.

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Nigerian Social Payments Platform Bundle Ceases Crypto Exchange Operations

The Nigerian social payments platform Bundle said on July 20 it was shutting down its crypto exchange services business and will now focus on its peer-to-peer platform known as Cashlink. Bundle said users must withdraw or convert their digital assets to the stablecoin tether on or before Aug. 30. Bundle Says Transition Period Is to [...]

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Canadian Police Warn of Surge in Home Invasion-Style Robberies Targeting Affluent Crypto Investors

Canadian law enforcement reports that affluent cryptocurrency investors have become targets of home invasion-style robberies. Both Delta Police and Royal Canadian Mounted Police in Richmond have issued warnings after having dealt with multiple robberies involving prominent cryptocurrency investors over the past year. Wealthy Crypto Investors Become Targets in Canada Over the last 12 months, numerous [...]

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Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian’s Ongoing Uncertainty

On June 22, 2023, Bitgo, a digital assets firm and crypto custodian, declared the termination of its planned acquisition of custodian Prime Trust. The company cited a “considerable effort” in attempting to chart a course for Prime Trust’s future. Bitgo Cancels Prime Trust Acquisition A fortnight prior, Bitgo announced its intention to acquire Nevada-based crypto [...]

The post Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian’s Ongoing Uncertainty appeared first on Crypto Breaking News.

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Japan’s Largest IT Service Provider Fujitsu Files Trademark Covering Crypto Trading Services

Japanese tech giant Fujitsu has filed a trademark application with the U.S. Patent and Trademark Office that covers several cryptocurrency services. The application specifically mentions “financial management of crypto assets,” “financial exchange of crypto assets,” and “financial broker services for cryptocurrency trading.” Fujitsu’s Crypto Trademark Application Fujitsu, one of the world’s largest IT service providers, [...]

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