Partner of Former FTX Executive Faces Campaign Finance Charges
U.S. authorities have charged Michelle Bond, the partner of former FTX Digital Markets co-CEO Ryan Salame, with violations of campaign finance laws. The indictment, unsealed on August 22 in the…
Nearly 80% of Hacked Cryptocurrencies Struggle to Rebound in Price
According to the latest onchain security report, the majority of cryptocurrencies that have been hacked struggle to recover their market value. The report highlights some concerning statistics regarding the lasting…
Cryptocurrency Mining Malware Targets PostgreSQL Databases with Weak Passwords
A newly identified malware, dubbed PG_MEM, is compromising PostgreSQL databases by exploiting weak passwords to install cryptocurrency mining software. According to Aqua, a cloud-native cybersecurity firm, this malware could potentially…
India’s Cryptocurrency Regulation: Forthcoming Government Consultation Paper Crucial for Future Policy
India stands on the brink of a pivotal moment in the regulation of cryptocurrencies as the Department of Economic Affairs (DEA) prepares to release a critical consultation paper. This document,…
Hong Kong Regulator Cracks Down on Noncompliant Cryptocurrency Exchanges Amid Licensing Efforts
Hong Kong is intensifying its regulatory oversight on cryptocurrency exchanges that are still in the process of being fully licensed, following initial approvals. This move is part of the city’s…
SOS Limited Notified by NYSE of Noncompliance Due to Low Stock Prices
SOS Limited, a company specializing in blockchain-based services, has encountered a significant regulatory hurdle as it received a noncompliance notice from the New York Stock Exchange (NYSE). The notice was…
Bitfarms Secures $125 Million Acquisition of Stronghold Digital Mining
Bitfarms, a prominent player in the Bitcoin mining sector, has announced its acquisition of Stronghold Digital Mining for approximately $125 million, a deal that includes the assumption of about $50…
Kamala Harris’s Campaign Indicates Support for Crypto Industry Growth
In a recent update from the Harris campaign, an aide to Democratic presidential nominee Kamala Harris has articulated a supportive stance towards the digital asset industry. Brian Nelson, a senior…
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…