Editor's Choice
KuCoin admitted guilt in laundering billions of dollars and agreed to pay a fine of more than 297 million dollars, leaving the U.S. market for two years. The founders are leaving the company 💸
KuCoin has admitted guilt in violating U.S. laws, agreeing to pay a fine of over 297 million dollars and leave the U.S. market for two years. The company was used for money laundering billions of dollars obtained from darknet markets, ransomware programs, and fraud. KuCoin failed to implement mandatory anti-money laundering measures, which facilitated illegal transactions. The founders of the exchange, Chun Gan and Ke Tan, will leave the company and return approximately 2.7 million dollars earned from U.S. operations.
Antonia Perez Hernandez received 30 months in prison for her involvement in the Ponzi cryptocurrency scheme Forcount, which defrauded investors of 8.4 million dollars through false profit promises 🚔
Antonia Perez Hernandez, one of the defendants in the cryptocurrency Ponzi scheme Forcount, pleaded guilty to conspiracy to commit fraud and was sentenced to 30 months in prison. Between 2017 and 2021, she defrauded investors of 8.4 million dollars by promoting fake investments in crypto trading and mining. Instead of the promised significant returns, the funds of some participants were used to pay others. Perez Hernandez apologized to the victims and expressed regret about her actions.
Tether and Medoo launch Blockchain Academy in Vietnam to educate on blockchain technologies and the digital economy, including the Digital Asset Bootcamp course and programs for professionals 📚
Tether and Medoo have announced the launch of the Blockchain Academy in Vietnam, aiming to educate on blockchain technologies and the digital economy. The platform will offer courses covering both the basics of blockchain and its advanced applications in various industries, including an intensive Digital Asset Bootcamp program. This collaboration supports the Vietnamese government's efforts in digital transformation and seeks to expand access to blockchain education, contributing to the development of technologies in the country.
Ripple receives money transfer licenses in New York and Texas, expanding its presence in the US and improving opportunities for international crypto payments and cooperation with financial institutions 🏦
Ripple has received money transfer licenses in New York and Texas, which will expand the use of its international payment solution. The company now has more than 50 licenses worldwide, including 33 in the United States. The new licenses will help Ripple work with financial institutions and crypto companies for faster and cheaper transfers. Despite ongoing lawsuits with the SEC, the company remains optimistic, hoping for a friendlier approach to cryptocurrencies from the new SEC chairman.
Crypto.com has received a full MiCA license from the Malta Financial Services Authority, becoming the first major cryptocurrency service with authorization to operate in the European Economic Area 💼
Brazil banned World Network (formerly Worldcoin), founded by Sam Altman, from offering cryptocurrency rewards for iris scans due to the risk of violating the voluntary consent of citizens 👁️
Tron, Tether, and TRM Labs, together with Spanish law enforcement, froze $26.4 million in cryptocurrency linked to an international money laundering scheme through cryptocurrency wallets 🔒
NASA is implementing blockchain in space exploration through a partnership with Cardano for supply chain management and the development of a decentralized AI network based on blockchain 🚀
Bitpanda has received a MiCA license from the German regulator BaFin, allowing the company to operate across the entire EU. This is the second cryptocurrency platform to receive the license after the regulation came into effect 🚀
The United States has added Sophgo Technologies, a company engaged in producing chips for AI, to the blacklist due to concerns that its products could end up in Huawei devices, bypassing sanctions 🚫
"Rosseti" will launch cryptocurrency mining in regions with low electricity demand, offering special tariffs and stable supply for miners, which will increase tax revenues and optimize the use of energy resources ⚡
The judge rejected Kraken's defense under the "major questions doctrine" in the SEC case, stating that the SEC has the authority to regulate cryptocurrencies but acknowledged the validity of the defense regarding insufficient notice of the violation 📜
Dean Norris, the star of the TV series *Breaking Bad*, became the victim of hackers: his X account was used to promote the meme coin DEAN, which reached a market capitalization of 8 million dollars, but quickly collapsed 💥
Dean Norris, the star of the TV series *Breaking Bad*, became the victim of a hack on his X account. Hackers used his image to promote the meme coin DEAN, which reached a market capitalization of 8 million dollars, but quickly fell to less than 60 thousand. Norris stated that he didn't know about the hack until he received messages from friends. He criticized users who accused him of being involved in the scam and noted that the token is a "complete fraud."
ECB Board member Piero Cipollone warned of the risks to European banks due to the growth of dollar-pegged stablecoins and the need for the accelerated launch of the digital euro 💶
Member of the ECB Board Piero Cipollone expressed concern that the growth of dollar-pegged stablecoins could weaken European banks. In his opinion, this encourages the accelerated launch of the digital euro, which should prevent further exclusion of banks from financial operations. In response to Trump's initiative to support dollar-pegged stablecoins, the ECB is considering the creation of its own digital currency, but eurozone banks are opposed to this step due to the risk of losing deposits and clients.
CBI has uncovered a cryptocurrency financial pyramid worth 350 crore rupees, operated by a criminal group working across seven cities in India, using platforms like CoinDCX, WazirX, and others 🕵️♂️
CBI has exposed a cryptocurrency financial pyramid scheme that caused a loss of 350 crore rupees. The criminal group managed schemes in several cities across India, promising investors high returns from cryptocurrency investments. They deceived people through social media and used cryptocurrency wallets to hide illicit funds. During raids, digital assets worth 38,414 dollars were seized, along with cash amounting to 34.2 lakh rupees, as well as bank accounts and cryptocurrency wallets on platforms such as CoinDCX and WazirX.
Circle issued $3.5 billion $USDC in a week, highlighting the rise in demand for stablecoins with a daily issuance of 250 million $USDC and expanding use in Solana and DeFi 💰
Circle issued $3.5 billion $USDC in the last week, signaling a significant increase in demand for stablecoins. The average amount of tokens issued was 250 million $USDC per day, indicating heightened interest from the crypto community. This also confirms the expanding use of $USDC in the Solana ecosystem, where it is actively used for payments, lending, and trading. Additionally, the increase in $USDC issuance reflects the growing integration of the stablecoin into DeFi and its widespread adoption in the cryptocurrency industry.
Best news of the last 10 days
Ripple Labs requested a deadline of April 16 for filing a counter-appeal brief in its case with the SEC regarding the sale of the cryptocurrency XRP, which began in 2020 ⚖️
David Balland and his wife freed after kidnapping in central France: criminals demanded a ransom in cryptocurrency, one of Balland’s fingers was severed 💰
Propy launches an innovative loan for purchasing real estate with Bitcoin or Ethereum payment and using the property as collateral: 10 percent annual interest and property tokenization in Honolulu 🏠
Uniswap is launching the v4 update with modular hooks, enhanced security, and faster transactions, expecting to stabilize the UNI token price after volatility 🚀
The Central Bank of Russia is developing a platform to block illegal crypto OTC services and prevent suspicious financial transactions involving cryptocurrency and money laundering 🔒
The Central Bank of Russia is developing a platform to combat illegal crypto OTC services and suspicious financial transactions. It will allow tracking and blocking users involved in money laundering and other illegal activities, such as cryptocurrency operations and online casinos. The platform will exchange information about suspicious transactions with banks, which will help prevent illegal deals.
Fasttoken (FTN) celebrated its second decade: the price reached $3.86, the market capitalization amounted to $1.65 billion, and the team announced an airdrop for the community 🎉
Fasttoken (FTN) celebrated its second decade, surpassing a price of $3.86 and a market capitalization of $1.65 billion. In honor of the anniversary, the team announced an airdrop. Over the course of two years, the project has reached 6.5 million holders, been listed on 16 major exchanges, integrated into payment systems and DeFi applications. FTN uses a unique PoSA consensus, and its security is confirmed by audits from Hexens and CertiK. As a result, the coin attracted $23.2 million in investments and continues to grow in the market.
Ki Young Ju claims that Chinese authorities sold 194,000 bitcoins seized from PlusToken fraudsters in 2019 through local exchanges, despite official statements about transferring them to the treasury 💰
The CEO of CryptoQuant, Ki Young Ju, stated that Chinese authorities have already sold 194,000 bitcoins seized as part of the investigation into the PlusToken scheme. In 2019, these bitcoins were transferred to Chinese exchanges like Huobi, but the government did not clarify whether they were sold or simply transferred to the treasury. According to Ju, the use of mixers and multiple exchanges without selling the cryptocurrency makes no sense, which he believes confirms the sale of bitcoins through local platforms.
Circle launched Paymaster: a tool for paying gas fees in USDC, which simplifies transactions on Arbitrum and Base, removing the need for native tokens and providing easy integration for developers 👨💻
Circle launches Paymaster — a tool for paying gas fees in USDC. This solution simplifies transactions by eliminating the need for native tokens such as ETH for users and developers. Paymaster allows for easy integration into applications, providing convenience and removing the complexity of managing cryptocurrencies. In the future, support is expected to expand to other blockchains and cross-chain features for gas payments across different platforms with USDC.