The European law enforcement agency Europol issued a critical report on June 10, targeting Bitcoin miners and layer-2 blockchain solutions. The Europol Bitcoin mining stance dwells on the concern that mining operations could be used to conceal illegal proceeds, making them attractive to fraudsters and ransomware operators. In a comprehensive 40-page report on cryptographic encryption,...
21Shares bitcoin and ethereum exchange-traded notes (ETNs) listed on the London Stock Exchange (LSE) are attracting low volumes but this is in line with expectations, said a spokesperson from the firm. In May, 21Shares launched four new physically-backed crypto exchange-traded notes (ETNs) including the 21Shares Bitcoin ETN, 21Shares Ethereum Staking ETN, 21Shares Bitcoin Core ETN,...
UK-based cryptocurrency exchange Lykke abruptly ceased trading operations on June 10, following last week’s security breach that resulted in the loss of more than $22 million. The Lykke exchange confirmed the incident in an official statement on X, saying it had to suspend trading and withdrawals in a bid to mitigate further harm. Withdrawal Operations...
Cryptocurrency data aggregator CoinGecko has confirmed a data breach of its third-party email platform GetResponse, exposing over 23,000 users to phishing emails. This came following yesterday’s reports of a new wave of crypto airdrop scams, suspected to affect CoinGecko. On June 7th, CoinGecko released an announcement confirming that GetResponse suffered a data breach on June...
FTX creditors have filed a June 5 objection to the crypto exchange’s repayment plan on the grounds that the FTX bankruptcy estate’s proposal does not work in favor of their “best interests.” FTX Creditors Unhappy With Estate’s Plan, File Objection According to the objection, FTX creditors are concerned about a number of items included in...
On June 6, a cybersecurity report revealed that over 35 YouTube channels live-streamed a deepfake video of Elon Musk, promising to double crypto deposits. The scammers targeted space enthusiasts eager to watch the SpaceX starship rocket launch. SpaceX Launch DeepFakes Highlight Growing Cyber Threat Cybersecurity experts from Avast Threat Labs revealed on X that scammers...
South Korean lawmakers may “abolish” a new crypto tax law, six months before it even comes into force. According to Hanguk Kyungjae, the National Assembly Legislative Research Service mentioned the possible crypto tax “abolition” debate in the latest edition of the National Assembly Legislative Policy Guidebook. South Korean Lawmakers Could Delay or Do Away With...
Saudi Arabia has joined the mBridge project to enhance cross-border payments using central bank digital currencies (CBDCs). According to a recent report by China Daily, the Saudi Central Bank (SAMA) has announced plans to join the mBridge initiative as a full participant, which could pave the way for increased local currency transactions in oil trade...
On June 5, Hex Trust Group (HT), a leading provider of digital asset solutions for institutional finance, protocols, foundations, and the Web3 ecosystem, secured an additional Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). In an exclusive interview with Hex Trust, the company revealed the content of the additional license,...
The Solana Foundation has taken decisive action against a group of validator operators involved in sandwich attacks on traders, a deceptive practice plaguing decentralized networks. The action aligns with the Foundation’s rules prohibiting such malicious activities and their commitment to safeguarding the integrity and trustworthiness of the Solana ecosystem. The Foundation emphasizes protecting retail investors...