Hackers Net $700K from McDonald’s Instagram Account by Promoting Grimace Memecoin
On August 21, the official Instagram account of McDonald’s fell victim to a sophisticated scam operation that leveraged the fast-food giant’s social media influence to promote a fraudulent cryptocurrency. The…
Governor Mark Gordon Announces Potential 2025 Launch for Wyoming’s Dollar-Pegged Stablecoin
At the recent Wyoming Blockchain Symposium, Governor Mark Gordon showcased the state’s commitment to blockchain innovation and detailed the forthcoming plans for a state-issued dollar-pegged stablecoin, projected for an early…
Abu Dhabi Outlines Regulatory Framework for Fiat-Referenced Tokens
In response to increasing interest from stakeholders, Abu Dhabi‘s Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) is taking significant steps to regulate fiat-referenced tokens (FRTs),…
Vitalik Buterin’s Pluralistic Vision and Its Potential to Transform Blockchain Governance
Vitalik Buterin, the co-founder of Ethereum, has recently emphasized the significance of pluralistic philosophy in enhancing collaboration and decision-making across various sectors, including blockchain technology, social media, and local governance.…
The Return of the ‘jaredfromsubway’ MEV Bot: Enhanced Attacks on DeFi Protocols
The infamous maximal extractable value (MEV) bot known as “jaredfromsubway.eth” has resurfaced with upgraded capabilities, poised to execute more sophisticated “sandwich” attacks within decentralized finance (DeFi) ecosystems. This automated trading…
Ryan Salame Attempts to Withdraw Guilty Plea Over Alleged Broken Promise by Prosecutors
Former FTX executive Ryan Salame is contesting his guilty plea related to felony charges of campaign finance and money-transmitting violations. On August 21, Salame filed a petition for a “writ…
German BaFin Regulator Intensifies Crackdown on Unauthorized Crypto ATMs
On August 20, Germany’s Federal Financial Supervisory Authority (BaFin) announced a significant enforcement action against cryptocurrency ATMs across the country. In a coordinated effort with the Federal Criminal Police Office,…
Polymarket Predicts High Probability of RFK Jr. Exiting Presidential Race Ahead of Speech
Independent presidential candidate Robert F. Kennedy Jr. is reportedly poised to exit the 2024 United States presidential race, with an announcement expected during a live broadcast from Phoenix on August…
El Salvador Initiates Bitcoin Certification Program for Government Employees
El Salvador, known for its progressive stance on cryptocurrency, has embarked on an ambitious project to enhance its public sector’s understanding of Bitcoin. The National Bitcoin Office (ONBTC) has launched…
US Regulator Imposes $150K Fine on Crypto Fund for Unauthorized Bitcoin Loan
On August 20, the National Futures Association (NFA), a regulatory body overseeing the United States derivatives market, concluded a significant enforcement action against the cryptocurrency fund Ikigai Strategic Partners. The…
CZ and Binance Confront New Lawsuit Over Allegations of Facilitating Crypto Laundering
Binance and its former CEO, Changpeng “CZ” Zhao, are embroiled in a new legal challenge as they face a class-action lawsuit initiated by three cryptocurrency investors. These plaintiffs claim that…
China’s Supreme Court Updates Anti-Money Laundering Law to Encompass ‘Virtual Assets’
China’s top legal authorities have taken a major step in the regulation of digital currencies by updating the country’s Anti-Money Laundering (AML) laws to formally recognize “virtual asset” transactions. This…
Bitcoin Demand Experiences Significant Decline Since April — CryptoQuant Analysis
According to a recent report by CryptoQuant dated August 20, the demand for Bitcoin has been on a downward trajectory since April, with recent weeks nearing negative levels. This decline…
Nigerian SEC Set to Issue Licenses for Cryptocurrency Platforms Amid Market Expansion
The Nigerian Securities and Exchange Commission (SEC) is poised to issue licenses to cryptocurrency exchanges, marking a significant development in the regulatory framework for digital assets within the country. This…
Bitcoin Mining Costs Soar by 168% as Capacity Expands
BitFuFu, a cloud mining company affiliated with Bitmain, has recently unveiled its unaudited financial and operational report for the second quarter of 2024, which concluded on June 30. The report…
Tether Issues an Additional $1 Billion USDT on the Tron Network
In a significant move to bolster its stablecoin reserves, Tether has recently minted an additional $1 billion USDT tokens on the Tron network. This latest issuance has raised the total…
Employees at South Korean Crypto Exchange Earn More Than Major Bank Staff
Employees and executives of Dunamu, the operator of the Upbit cryptocurrency exchange, are earning higher average salaries than their counterparts at some of South Korea’s largest banks. According to data…
Young Crypto Voter Affiliation in U.S. Swing States Shows Near Equal Split — Coinbase
Cryptocurrency may not be as partisan an issue as some might think, particularly in key battleground states that could determine the outcome of the 2024 U.S. presidential election. Research commissioned…
U.S. Considers Extending Fiat Reporting Mandates to Cryptocurrency Transactions
In a coordinated effort to tighten the regulatory oversight of cryptocurrencies, key federal agencies in the United States are revising the definition of “money” as it pertains to financial reporting…
Australia Battles Over 600 Crypto Scams, Cites Increasing Challenges Due to AI
In the past year, the Australian Securities and Investments Commission (ASIC) has been at the forefront of combating cryptocurrency scams, successfully dismantling over 600 fraudulent schemes. In a detailed statement…