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Cryptocurrency fund Ikigai Strategic Partners has agreed to pay a $150,000 fine to the National Futures Association (NFA) following allegations of an illicit bitcoin loan, according to an Aug. 20 decision by an NFA hearing panel. The fine addresses the fallout from the industry-wide liquidity crisis triggered by the collapse of crypto exchange FTX in … Read more
The Supreme People’s Court of China, the highest court of law in the country, and the Supreme People’s Procuratorate have issued a joint document that interprets the current money laundering law and defines several issues related to its application. In this interpretation, the two organizations list virtual asset transactions as one of the tools available … Read more
At the end of 2023, AVAX experienced a dramatic surge, skyrocketing from $9 to $44 in just two months. However, the price has since settled around $20, a level that previously served as resistance. Currently, there’s little on-chain resistance to hinder AVAX’s price movement, leaving its trajectory largely dependent on broader market sentiment. At the … Read more
After nearly 1,000 days of consolidation, AAVE is finally breaking out against ETH, signaling a potential shift in the DeFi landscape. On-chain activity for AAVE has seen a remarkable surge this month, with the number of active addresses doubling compared to three months ago. This uptick in activity is mirrored by significant whale accumulation, a … Read more
In the past 24 hours, DAO Maker, Play-to-Earn, and Metaverse tokens have experienced a notable increase in trading volume, with DAR, MBOX, and ALICE leading the charge. This trend continues over the last 7 days, with DAO Maker and Play-to-Earn recording the largest spikes in trading activity. Metaverse Tokens, ALICE and MBOX Sees Massive Increase … Read more
A Utah woman, Krista Renae Stone, 23, was sentenced to 78 months in federal prison for attempting to orchestrate a murder-for-hire using the dark web, the U.S. Department of Justice (DOJ) announced on Monday. Stone targeted her ex-boyfriend’s new girlfriend, arranging to pay $5,000 in bitcoin to a website offering hitman services between March and … Read more
Seven individuals were arrested in Malaysia during a special operation targeting illegal bitcoin mining in Bandar Baru Salak Tinggi and Taman Putra Perdana. The operation, which involved coordinated efforts by law enforcement, focused on detecting and stopping bitcoin mining activities linked to electricity theft. The suspects, aged between 30 and 74, included three local men … Read more
The former CEO of failed Heartland Tri-State Bank was sentenced to over 24 years in prison for embezzling more than $47 million in a fraudulent crypto scheme that caused the bank’s collapse. He funneled the stolen funds into cryptocurrency wallets linked to a “pig butchering” scam, leading to a $9 million loss for investors and … Read more
It’s part of the fallout from the industry-wide liquidity crunch triggered by FTX in 2022. Go to Source
Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain. Tether seeks to offer rails with “extremely low gas fees” for USDT users, opening opportunities for the development of new use cases such as microtransactions and large-scale … Read more