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Hong Kong police uncovered a cryptocurrency scam using deepfake technology worth 43 million USD, with 27 people arrested, including university graduates 🎓💰
Hong Kong police uncovered a cryptocurrency fraud scheme using deepfake technology worth 43 million USD. Twenty-seven people were arrested, including university graduates.The fraudsters used artificial intelligence to replace faces in video calls, posing as attractive women. This helped them gain the trust of victims across Asia, including Singapore, China, Taiwan, and India. After gaining trust, they would persuade victims to invest in cryptocurrency, showing fake profit reports.During the raid, the police seized mobile phones, computers, luxury watches, and cash. The arrested individuals were charged with fraud.
South African Revenue Service (SARS) Tightens Cryptocurrency Checks: Luno and VALR Exchanges Must Provide Data Upon Request 💰
The South African Revenue Service (SARS) is increasing checks on undeclared crypto assets. Exchanges will be required to provide data upon request. SARS demands that cryptocurrency holders and traders declare their assets in tax reports.In order to strengthen control, SARS is working with financial regulators and collecting data from local exchanges. Licensed platforms, such as Luno and VALR, have stated they are ready to hand over information upon request as part of investigations.SARS Commissioner Edward Kieswetter said the service will pursue all tax law violators to ensure fairness and funding for social programs.
Google has signed an agreement with Kairos Power for the supply of small modular reactors for data centers with a capacity of up to 500 MW by 2030 🔋🌍
Google has signed an agreement with the American company Kairos Power to purchase small modular reactors (SMR) to supply its data centers with clean energy.The first reactor is planned to be commissioned by 2030, with subsequent ones by 2035. Thanks to this agreement, up to 500 MW of clean energy will enter the US energy grid to support the development of artificial intelligence technologies.Kairos Power is developing reactors with a molten salt cooling system, which will reduce construction time and adapt them for local needs.
MrBeast is accused of making over $10 million from "pump and dump" schemes involving the altcoins SuperFarmDAO, Polychain Monsters, and SHOPX 💰
YouTuber MrBeast is accused of making more than $10 million by promoting altcoins, raising ethical concerns.Blockchain investigator SomaXBT claims that MrBeast invested $100,000 in the SuperFarmDAO token, used his influence to boost its value, and sold it, earning over $9 million. He is also linked to similar actions in other projects such as Polychain Monsters and SHOPX.While no laws have been broken, the alleged "pump and dump" schemes have drawn criticism, as such actions can harm retail investors and the crypto market overall.
BRICS launch a multi-currency payment system for international trade, reducing dependence on the US dollar and offering settlements in national currencies using blockchain technology 💵
World Liberty Financial attracts over 100,000 accredited investors in the US ahead of WLFI token presale for $300 million backed by the Trump family 🏦🚀
Keyrock partners with Deutsche Bank to support multi-currency accounts in over 10 currencies and speed up currency operations in the EMEA, APAC, and LATAM regions 🌍💶
Börse Stuttgart Digital partners with Amazon Web Services (AWS) to scale crypto infrastructure and simplify adoption of solutions for European banks, brokers, and asset managers 🌍💼
The Central Bank of Brazil has opened applications for the Drex digital currency pilot from October 14 to November 29: 13 cases using tokenized reais have been approved 💰
Telegram opens an office in Kazakhstan to strengthen content control and increase cooperation with regulators, amid audience growth to 12.5 million users 📱
AED Stablecoin LLC received approval from the UAE Central Bank to launch AE Coin, the first stablecoin backed by the UAE dirham, supporting the UAE Digital Government Strategy until 2025 💰
Google removed price charts for Bitcoin, Ethereum, and Solana from search, leaving XRP, DOGE, and BNB unchanged 🌐
The South Korean Financial Services Commission creates a Virtual Assets Committee to review spot ETFs and regulate corporate virtual accounts 💼
The South Korean Financial Services Commission (FSC) is creating a Virtual Assets Committee to address the approval of spot ETFs and the use of corporate virtual accounts. These measures are aimed at eliminating market anomalies and strengthening investor protection.Previously, the FSC banned Bitcoin ETFs and restricted corporate virtual accounts due to money laundering risks. The committee, consisting of 15 experts from various fields, will hold its first meeting this month. The agenda includes discussions on structural issues and possible changes to cryptocurrency legislation.
Monochrome Asset Management launches the first spot Ethereum ETF (IETH) in Australia on Cboe with a 0.50% fee and the ability to transfer assets without capital gains tax 🎯
Monochrome Asset Management is preparing to launch the first spot Ethereum ETF in Australia on the Cboe exchange. Trading will begin on Tuesday at 10:00 a.m. Australian time.The IETH fund will appear two months after the launch of the Bitcoin ETF from Monochrome, which has attracted $15 million since August 2023. IETH differs by using a “pass-through trust,” allowing Ethereum holders to transfer their assets into the fund without paying capital gains tax.The fund will track the CME CF Ether-Dollar Reference Rate – Asia Pacific Variant, with a management fee of 0.50%, which can be reduced to 0.21% for accredited advisors.
Phishing Attack Using Permit2 on Uniswap Leads to $1.39 Million Theft of PEPE, MSTR, and APU Cryptocurrencies from Owner via Fake Signature 🎣
A phishing attack using Permit2 has led to the loss of $1.39 million by a PEPE token holder.Today, an incident was recorded in which the owner of PEPE tokens lost $1.39 million as a result of a phishing attack. The scammers exploited a vulnerability in the Permit2 function on Uniswap, which allows multiple tokens to be approved with a single signature. After obtaining the victim’s signature, the attackers quickly transferred the funds, including PEPE, MSTR, and APU tokens, to a new address.This case highlights the growing risks of phishing attacks in the crypto space and the need for careful scrutiny of any signature requests to protect one’s assets.
Ethena Labs has proposed adding SOL to the collateral basket of the USDe stablecoin with an initial integration of $100-200 million 💰
Ethena Labs has proposed to the USDe community to add SOL tokens to its collateral. USDe is a synthetic stablecoin that maintains its peg to the dollar through hedged trades and managed reserves, rather than through a 1:1 backing of fiat assets like USDT or USDC.If the proposal is approved by Ethena’s Risk Committee, SOL will gradually become part of the USDe collateral pool, with an initial volume of $100-200 million. This would account for about 5-10% of SOL’s open interest, comparable to 3% of the global open interest in BTC and 9% in ETH. They are also considering the use of liquid staking tokens (LST) such as BNSOL and bbSOL, similar to how Ethena utilizes LST tokens for ETH.Recently, Ethena announced an investment of $46 million from its reserves into tokenized assets, including BUIDL from BlackRock and USDM from Mountain, in line with DeFi trends for generating yield from asset-backed tokens.
Best news of the last 10 days
Chinese researchers claim to have cracked AES-256 encryption algorithms using a quantum computer, which may threaten the security of banks and cryptocurrencies 💻🔐
American regulators collected $31.92 billion in settlements with crypto companies, including a record $19 billion in 2024 💰
Zulu Network has been hacked: Account breach on X led to phishing links, users face data leakage and loss of funds 💻🔒
IT engineer from Newport filed a lawsuit against the city council for £495 million after losing a hard drive with 8,000 Bitcoin 💻
Dubai Virtual Assets Regulatory Authority fines seven crypto companies up to 100,000 dirhams for lack of licenses and violating marketing rules 🌐💰
Dubai's Virtual Assets Regulatory Authority (VARA) fined seven unnamed crypto companies and issued them cease and desist orders. These companies operated without the necessary licenses and violated marketing regulations. The fines range from 50,000 to 100,000 dirhams ($13,600 - $27,200) for each company.VARA, together with local authorities, is conducting an investigation, and the companies are required to immediately cease all operations and halt the promotion of services related to virtual assets.This move appears unusual for a region that seeks to establish itself as a global crypto hub.
Bitnomial filed a lawsuit against the SEC, challenging control over XRP futures worth 100,000 units of the cryptocurrency 💼
The Bitnomial exchange has filed a lawsuit against the SEC due to the commission's attempt to take control over XRP futures. Bitnomial argues that their contracts, certified through the CFTC, should be regulated by that organization. The SEC considers XRP an "investment contract" that requires registration on a stock exchange. Bitnomial refers to the Ripple case, where it was ruled that XRP is not a security, and requests the court to prohibit the SEC from interfering with the listing of the futures.
Elon Musk presents Tesla Cybercab featuring Dogecoin symbol 🐕 Community discusses the possibility of buying a car with Dogecoin 🚗
Tesla CEO Elon Musk has once again grabbed the attention of the Dogecoin community by featuring a Shiba Inu dog, associated with Dogecoin, during the presentation of the new driverless car "Cybercab." This has caused a buzz among DOGE supporters, with many beginning to discuss the possibility of using the cryptocurrency to purchase the new vehicle.One well-known Dogecoin user, DogeDesigner, asked whether it would be possible to purchase a Tesla Cybercab using DOGE. Other community members, such as Sir Doge of the Coin and Đoge420, also noted the symbolism of using a Shiba Inu in the presentation, but there has been no official statement yet about accepting Dogecoin as payment.
The Singapore-based cryptocurrency exchange Fairdesk will cease trading on October 17 and completely shut down on November 30, 2024 🏦
Fairdesk, a Singapore-based cryptocurrency exchange founded in 2021, has announced its closure on November 30.The decision was made amid changes in the market environment and regulatory requirements, as reported in the company’s press release.Starting from October 17, all trading operations on Fairdesk will be halted, with only fund withdrawals available, which will be possible until the final closing date. Users are advised to withdraw their assets by November 30.Fairdesk was known as a derivatives trading platform, offering users the ability to open long and short positions on digital assets with leverage up to 125x.