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A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been ordered to transfer nearly $30,000 to the federal government. The latest court decision came just a few months after other crypto firms, Paparaxy Global Ventures … Read more
Singapore-based Crypto.com has unveiled its “Level Up” rewards program, seeking to deliver stocks, banking services, and cards under one roof. The company will integrate these new functionalities, offering 3% on stock deposit transfers, 7.5% rewards on idle cash balances, and 8% in uncapped rewards on card spending. With this move, including these new and improved … Read more
The U.S. Federal Reserve gathered on Thu. for its Federal Open Market Committee (FOMC) session, where officials opted to trim the federal funds rate by a quarter-point. This announcement comes on the heels of Donald Trump’s election as the 47th president of the United States. “The economic outlook is uncertain, and the Committee is attentive … Read more
Caroline Ellison, former chief executive of Alameda Research and a pivotal witness in the case against FTX founder Sam Bankman-Fried, has reported to a low-security federal prison in Connecticut following her two-year sentence, according to a CNBC report. Reporter MacKenzie Sigalos and Dawn Giel wrote that Ellison, who cooperated extensively with federal prosecutors, was instrumental … Read more
Iran’s currency, the rial, plummeted to an all-time low on Wednesday, trading at 703,000 rials to the dollar, following Donald Trump’s victory in the U.S. presidential election. This significant decline, which later slightly recovered, signals new economic challenges for Tehran amid ongoing regional conflicts. The rial’s depreciation reflects the ongoing struggles of Iran’s economy, exacerbated … Read more
Decentralized artificial intelligence (AI) platform Singularitynet has announced the launch of AIRIS (Autonomous Intelligent Reinforcement Inferred Symbolism) within the popular game Minecraft, in collaboration with the Artificial Superintelligence Alliance (ASI). According to the developers, AIRIS is designed to evolve through direct interaction with its environment, enabling it to adapt and learn autonomously, thereby breaking away … Read more
A Minnesota man, Joshua Paul Armbrust, 44, has been indicted for a “cryptojacking” scheme that exploited his former employer’s computing resources to mine ether (ETH), causing over $45,000 in damages, according to the U.S. Attorney’s Office for the District of Minnesota. Armbrust, who resigned from his job at Digital River, allegedly accessed the company’s Amazon … Read more
Bybit has announced its registration as a Virtual Asset Service Provider (VASP) by the National Bank of Georgia, marking a significant step in the company’s commitment to regulatory compliance in the country. This registration aligns with Bybit’s global compliance strategy, which has seen the company secure licenses in key markets such as the Netherlands, Kazakhstan, … Read more
Nasdaq-listed cloud mining services company Bitfufu has announced its unaudited financial results for the third quarter of 2024, revealing a total revenue of $90.3 million, a 47.5% increase from $61.2 million in the same period last year. The company’s cloud-mining solutions saw even more significant growth, with revenue rising 51.4% year-over-year to $68.9 million. The … Read more
The FBI’s Atlanta Division has warned that cybercriminals are bypassing multifactor authentication (MFA) by stealing “Remember-Me cookies” from victims’ computers. These cookies, which allow users to stay logged in without re-entering credentials or MFA, are commonly used when users select the “Remember this device” option. Once obtained, hackers can exploit these cookies to access victims’ … Read more