Crypto

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Dutch Law Enforcement Arrests Suspected Tornado Cash Developer in Amsterdam

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According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforcement officials in Amsterdam arrested an unnamed 29-year-old suspected of developing the ethereum mixing application Tornado Cash. FIOD accuses the suspect of “concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies.” Netherlands Law Enforcement Takes Suspected Tornado … Read more

Bitcoin Tests Support at $23K After Yesterday’s Bull Run, BlackRock Launches Private Trust, Bitfinex Faces Criminal Investigations

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Bitcoin price is testing support at the $23k level after yesterday’s bull run to $24.5k. Ethereum manages to stay in the high $1,800s after rising to $1,900 earlier in the week. The global cryptocurrency market cap is down 2.53% but well above the $1 trillion level. Crypto assets are expected to slow down this Friday, … Read more

Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says

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High rates of crypto ownership, with purchases often made on advice from Youtube and Facebook, make “a strong case for regulation,” according to the Australian Securities and Investments Commission. The watchdog backs its stance with poll results showing nearly half of retail investors in Australia keep one coin or another. Australian Securities Regulator Pushes for … Read more

Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges

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Authorities in Uzbekistan are restricting access to online crypto trading platforms based outside the country and not registered under its laws. A presidential decree obliges citizens and local companies to only use digital asset exchanges licensed by the government of the Central Asian nation. Uzbekistan Takes Steps to Prevent Crypto Trading and Custody on Foreign … Read more

Bitcoin and Ethereum Prices Show Significant Upside After July’s CPI Data Release

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Cryptocurrency markets are showing significant upside this Thursday after trading sideways for most of the week. Yesterday’s CPI data shows that inflation remained unchanged for July, with the gasoline index falling 7.7%. The favorable CPI data is a significant driver for today’s crypto market bull run. Furthermore, cryptocurrencies registered a 6% growth in the overall … Read more

Belarus Issues International Arrest Warrant for Owner of Country’s ‘Largest Crypto Exchanger’

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Law enforcement officials in Minsk are seeking international assistance to locate and detain the man who ran what is said to be the biggest online exchanger for cryptocurrencies in Belarus. The crypto trader has been accused of tax evasion and an investigation against three of his accomplices has estimated the losses for the state at … Read more

German Crypto Exchange Nuri Files for Insolvency

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Cryptocurrency exchange Nuri has filed for insolvency, reportedly becoming Germany’s first fintech to take the step in a challenging year for startups in the industry. Customer access to the platform’s services and their funds will not be affected, the company assured. Crypto Exchange Cites ‘Lasting Strain on Liquidity’ as Reason for Insolvency Filing Berlin-based crypto … Read more

Bitcoin Holds Support at $23K as Coinbase Earnings Reveal Billion-Dollar Losses

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After rising to $24k this week and testing support at $23k yesterday, Bitcoin continues to trade sideways today, managing to hold current support levels. The 24-hour trading volume shows a slight decline, down 9% today as the markets slow down. Key Points: Bitcoin continues to hold support at $23k and trades sideways. Coinbase’s Q2 Earnings … Read more

Reserve Bank of Australia to Pilot Digital Currency, Explore Use Cases

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The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency. Within the project, the regulator hopes to identify use cases and intends to develop a limited-scale pilot. Central Bank of Australia Working on Digital Currency Program The Reserve Bank of Australia (RBA) announced the launch … Read more

Kazakhstan Investigates Crypto Mining Hotel Allegedly Operating as Ponzi Scheme

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Authorities in Kazakhstan have launched an investigation into a mining hotel business suspected of being a crypto pyramid as part of an ongoing crackdown on illegal activities linked to cryptocurrencies. The platform, called Bincloud, lured investors through popular messaging apps. Bincloud Operators Kept 16% of Investors’ Funds for Themselves Amid intensified efforts to fight crypto-related … Read more

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