Editor's Choice
Scammers on X disguise themselves as World Liberty Financial (WLFI), spreading fake links and misleading thousands of users 💼
Donald Trump has launched the cryptocurrency exchange World Liberty Financial (WLFI), and now investors can apply for the "whitelist" if they can avoid the scammers. On the platform X (formerly Twitter), the WLFI announcement was attacked by fake accounts that copied the company's profile and promoted false links.In his speech, Trump emphasized the influence of cryptocurrency on the financial system, introducing entrepreneurs Chase Herro and Zekari Falkman. According to CoinDesk, WLFI will be built on the DeFi Aave platform and Ethereum blockchain, but the details of its operations remain unclear.WLFI has announced the successful registration of accredited investors but has faced scammers creating fake accounts and duplicating the company's content. In response, WLFI added a warning: "THIS IS THE LAST POST IN THIS THREAD. Any post below is likely phishing."
Italy will increase the capital gains tax on Bitcoin and cryptocurrencies to 42% in 2025, instead of the current 26% 💼
Italian tax authorities plan to increase the capital gains tax on Bitcoin and other cryptocurrencies to 42% as part of the 2025 budget. This was announced by Deputy Minister of Economy Maurizio Leo at a press conference, reported by the local publication Il Sole 24 Ore."We plan to increase the capital gains tax on Bitcoin from 26% to 42%," Leo said. These measures were approved by the Council of Ministers and aimed at raising funds to support families, youth, and businesses.Since 2023, capital gains above 2,000 euros have been taxed at a rate of 26% after new cryptocurrency taxation rules were introduced. Previously, cryptocurrencies were treated as foreign currency with lower tax rates.
The US Prosecutor's Office demands 5 years in prison for Ilya Lichtenstein for a $6 billion cyber heist from Bitfinex, while his wife Heather Morgan will get 18 months for laundering the stolen funds 💰
The US Prosecutor’s Office recommends sentencing Ilya Lichtenstein, the organizer of the $6 billion cyber heist from the Bitfinex platform, to five years in prison. His wife, Heather Morgan, will receive 18 months in prison for helping launder the stolen funds.The actions of the couple caused serious damage to trust in the crypto industry, revealing its security vulnerabilities. Prosecutors emphasize the need for strict punishment to prevent similar crimes in the future.Lichtenstein used sophisticated methods to cover his tracks, including crypto exchanges and the dark web. The sentence will be handed down in November, and the case has sparked discussions on strengthening security measures in the crypto sphere.
Liquid Staking Module from Cosmos Hub raised serious security concerns after reports of participation by North Korean developers 🚨
Serious security concerns have arisen regarding the Liquid Staking Module (LSM) of Cosmos Hub following reports that North Korean agents were allegedly involved in its development. The company All in Bits issued a security risk warning for LSM, which allows staking Cosmos Hub (ATOM) into liquid ATOM tokens. On October 16, All in Bits reported that developers linked to North Korea had been involved in the creation of LSM from the very beginning, raising questions about potential system vulnerabilities. A 2022 audit revealed critical errors, and it was the North Korean developers who handled their resolution, casting doubt on the quality of the fixes.
Tesla transferred 11,500 Bitcoin worth $765 million to unknown wallets, without disclosing the purpose of the transactions 💸
Allbridge integrated USD Tether (USDT) into Solana, increasing the stablecoin's liquidity on the blockchain with 0.63% of the total supply and simplifying cross-chain transfers via EVM 🌐
Google restored the display of Bitcoin, Ethereum, and other cryptocurrency prices in search results after an unexpected removal 🔥
Stellar (XLM) and Mastercard join forces to implement Crypto Credential and enhance blockchain transaction security 🌐
Google accidentally promoted a fake Unichain website that stole users' cryptocurrency via MetaMask and ads, posing a threat to funds on Ethereum Layer 2 🌐
Ripple launches RLUSD stablecoin on XRP Ledger and Ethereum with a 1:1 peg to the US dollar and regular audits 💵
TD Bank fined over $3 billion for transfers exceeding $1 billion related to cryptocurrency platforms in the UK and Colombia 💸
The ruble is rapidly falling to the 100 per US dollar mark and losing 11% against the yuan amid weakening currency control and sanctions 📉
Former Philippine Mayor Alice Guo involved in the embezzlement of millions through Atom Asset Exchange (AAX) and charged with human trafficking and running illegal gambling businesses 🎰
Former Philippine mayor Alice Guo has been linked to the bankrupt Atom Asset Exchange (AAX), which in 2022 stole millions of clients' cryptocurrency assets. Guo is facing trial for charges of human trafficking and fraud. The investigation also uncovered her connections to illegal gambling, human trafficking, and possible Chinese espionage.In March, Guo was implicated in a financial slavery operation where around a thousand workers, many of whom were victims of human trafficking, were used in illegal gambling and cryptocurrency schemes.Guo's partner, Huang Zhiyang, is also associated with the fraudulent company Sun Valley Clark Hub Corporation, which engaged in cryptocurrency scams and human trafficking.AAX, founded by Su Wei Yi, closed after being accused of embezzling up to $30 million in client funds. Guo and her partners are charged with money laundering, human trafficking, and illegal gambling operations.
On November 14, Malta will host the third ftNFT YoCerebrum Awards ceremony: participants will compete for 2024 Fasttokens (FTN) in 15 categories 🎨🌐
On November 14, Malta will host the third ftNFT YoCerebrum Awards, celebrating the best achievements in the world of NFTs. The event will bring together artists and enthusiasts for awards in 15 categories. Applications are accepted until October 31, and blockchain voting will take place from November 1 to 5. Winners will be announced at the ceremony in Fort Manoel on Manoel Island, and they will receive 2024 Fasttokens (FTN).Categories include: NFT Project of the Year, Best Phygital Exhibition, NFT Rising Star, Innovative Collection, Best Web 3.0 Media, and more.Join this event where art and technology merge, creating a unique atmosphere.
Binance and Delhi Police Expose Over $100,000 Fraud in Tether, Linked to Fake Solar Energy Development Projects in India 🌞
The cryptocurrency exchange Binance and the Delhi Police have uncovered a fraudulent scheme called "M/s Goldcoat Solar," involving false claims of supporting India's renewable energy initiatives. As a result of the arrests, more than $100,000 in Tether was seized.The scammers claimed they had rights from the Ministry of Energy to develop solar energy in the country, promising investors high returns. The scheme was spread through social media, where the fraudsters posed as officials. Fake income reports and SIM cards registered to unsuspecting individuals were used. Binance assisted the police by providing analytical support to trace transactions.
French courts have seized assets worth over 70 million euros ($76 million) belonging to Russian businessmen in a case of alleged money laundering 🎯
French courts have seized assets worth over 70 million euros ($76 million) belonging to two businessmen of Russian origin as part of an investigation into alleged money laundering, sources close to the case reported.Following an investigation launched in March, the courts sanctioned the seizure of real estate on the French Riviera, including villas in Saint-Raphaël and Grimaud. The investigation revealed strong suspicions of concealing the origin of funds used to purchase these properties.According to sources, the seized property belongs to businessmen Ruslan Goryukhin and Mikhail Opengheim. Both hold Cypriot passports.France has already frozen Russian assets worth billions of euros since Russia's invasion of Ukraine in 2022.
Best news of the last 10 days
Hong Kong police uncovered a cryptocurrency scam using deepfake technology worth 43 million USD, with 27 people arrested, including university graduates 🎓💰
South African Revenue Service (SARS) Tightens Cryptocurrency Checks: Luno and VALR Exchanges Must Provide Data Upon Request 💰
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 🔋🌍
MrBeast is accused of making over $10 million from "pump and dump" schemes involving the altcoins SuperFarmDAO, Polychain Monsters, and SHOPX 💰
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 💵
BRICS have reached an agreement to settle international trade transactions in national currencies, challenging the dominance of the US dollar.Russia is promoting the idea of creating a "multi-currency payment system" to protect member countries from sanctions. However, not all BRICS members are ready to give up the dollar — India and the UAE continue to actively use it in international trade.Russia hopes that new BRICS members, such as Iran, the UAE, Ethiopia, and Egypt, will support the project. Blockchain technology is being considered for use within this system, utilizing tokens for settlements, which will reduce credit risks.China also supports de-dollarization, aligning with Russia's interest in reducing dollar dependency in global trade.
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 🏦🚀
World Liberty Financial has made a significant move in the cryptocurrency market, attracting more than 100,000 accredited investors in the US ahead of the upcoming WLFI token presale. The project, backed by the Trump family and announced on X Spaces, aims to raise $300 million with a valuation of $1.5 billion. The presale kicks off on October 15, three weeks before the US presidential election, generating significant interest from the crypto community. The company's founders, Zachary Falkman and Chase Herro, presented plans to launch a cryptocurrency lending platform, create liquidity pools, and work with stablecoins.World Liberty Financial is a new company in the crypto sector, providing financial services for digital asset enthusiasts and institutional investors. The company's goal is to make access to crypto financial instruments more widespread and secure.
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 🌍💶
The cryptocurrency company Keyrock, backed by Ripple, has announced a strategic partnership with Deutsche Bank to leverage the bank's institutional infrastructure. This collaboration will allow Keyrock to support multi-currency accounts and offer currency exchange services, improving settlement times with counterparties in the EMEA, APAC, and LATAM regions.Keyrock intends to use Deutsche Bank's infrastructure to accelerate multi-currency operations and integrate currency exchange services. This will reduce risks related to settlements and counterparties and enable faster deal completion in the currency operations market.Kevin de Patoul, CEO of Keyrock, stated that collaborating with such a respected global financial institution will allow the company to enhance its services and expand its capabilities in working with fiat currencies.
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 🌍💼
Börse Stuttgart Digital, a leading European provider of crypto infrastructure, has partnered with Amazon Web Services (AWS) to expand its products for European financial institutions. This will simplify the scaling and adoption of solutions for banks, brokers, and asset managers.With the growing interest in cryptocurrencies, it is important for financial institutions to collaborate with reliable providers to ensure security and trust.The Börse Stuttgart Group offers solutions for trading, exchanging, and storing crypto assets, making it a reliable partner for institutional clients.