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Robinhood Crypto launched transfers of more than 20 cryptocurrencies in Europe with a 1% yield on deposits, excluding XRP, zkSync, Wormhole, Arbitrum, and another 13 tokens 💰
Robinhood Crypto has launched crypto transfers in Europe, allowing users to deposit and withdraw over 20 cryptocurrencies such as Bitcoin, Ethereum, Solana, and Dogecoin, while earning a 1% yield on deposits. However, 13 tokens, including Ripple's XRP, zkSync, Arbitrum, Cosmos, and Polkadot, are excluded from the service. Robinhood aims to simplify self-custody and DeFi access for European customers while maintaining a safe and reliable experience. The exclusion of these tokens, especially after the recent XRP listing in the EU, has surprised the crypto community.
Ripple received in-principle approval from DFSA to launch cross-border payments Ripple Payments Direct in the UAE 🌍
Ripple has secured in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its services from the Dubai International Financial Centre (DIFC). This marks a significant step in Ripple’s growth as a regulated entity, allowing it to introduce cross-border payment services in the UAE, including Ripple Payments Direct (RPD).With DFSA authorization, Ripple plans to expand its digital asset infrastructure in the UAE, aligning with its mission to offer businesses faster, more cost-effective cross-border payment solutions. Ripple’s CEO, Brad Garlinghouse, highlighted the UAE's forward-thinking regulatory approach, positioning the country as a global leader in financial technology.Ripple will become the first blockchain-based payment services provider licensed by the DFSA, marking a major milestone in its expansion across the Middle East. The UAE's regulatory clarity and strategic importance as a financial hub have been crucial to Ripple's decision to continue investing in the region.Ripple Managing Director, Reece Merrick, emphasized the pivotal moment for the company’s operations in the Middle East, noting the increasing demand for efficient cross-border payment solutions and Ripple’s commitment to supporting the UAE's vision of becoming a global crypto and fintech hub.
Tether has frozen over $6 million related to cryptocurrency fraud in Southeast Asia, collaborating with the U.S. Department of Justice 💰🔒
Tether has cooperated with the U.S. Department of Justice (DOJ) to freeze over $6 million in funds tied to cryptocurrency fraud in Southeast Asia. Scammers posed as legitimate platforms to deceive investors, funneling funds to illicit wallets. Thanks to Tether's swift action, the assets were frozen before being laundered, allowing the DOJ to seize them.Tether CEO Paolo Ardoino reaffirmed the company’s commitment to aiding law enforcement, emphasizing their efforts to bring global bad actors to justice. This action is part of Tether’s broader push to improve its reputation and prevent the misuse of USDT in illegal activities. The company has frozen over $1.8 billion linked to criminal operations so far.
MasterCard and Ripple have joined forces to integrate XRP into the SWIFT system: accelerating international money transfers and simplifying the use of digital currencies 💱🌍
MasterCard and Ripple have partnered to improve transfer speed and efficiency, aiming to simplify overseas money transfers. This collaboration highlights the growing role of digital currencies in global finance, with Mastercard planning to integrate Ripple's XRP into the SWIFT system to enhance multinational transactions. Ripple’s blockchain technology promises to streamline payments for businesses and consumers worldwide, signaling increased acceptance of digital currencies in traditional banking.Additionally, Mastercard's new Crypto Credential service simplifies cryptocurrency interactions by replacing complex blockchain addresses with easy-to-remember names, making it easier for users to send and receive digital assets. This service will first be available to select users before expanding globally.This partnership represents a significant shift in payment processing, with the potential to reshape cross-border transactions and further cement digital assets' role in global finance.
Binance announces the launch of the game Moonbix on Telegram, despite information leaks and early access; Binance promises improvements before the official launch 🎮
The CFTC has filed a lawsuit against Aipu Ltd. and its associates for fraud involving digital assets and futures totaling $3.6 million 💸 32 investors of Asian-American descent were affected 🌐
ZA Bank becomes the first virtual bank in Hong Kong with a license for securities operations, preparing to offer innovative investment services to more than 500,000 users 💼
The National Pension Service of South Korea states that investments in Coinbase and MicroStrategy are related to index tracking rather than investments in Bitcoin and cryptocurrencies 💰
Russia has risen to second place in the world in terms of energy capacity for cryptocurrency mining: up to 2.5 GW is utilized thanks to 800,000 ASIC miners, despite the lack of regulation 🏦⚡️
Taiwan has allowed major investors to invest in foreign crypto ETFs through re-entrustment: thorough checks and staff training are implemented for safe operations with volatile assets 💰📊
Jensen Huang: AI will become both a threat and a solution to the issue of disinformation in US elections, predicting a 20-fold increase in power consumption in data centers ⚡️ and the need for more powerful AI to protect against harmful attacks 🧠
The US Securities and Exchange Commission charged TrueCoin and TrustToken with fraud related to TrueUSD: the companies agreed to fines and restitution after using offshore funds
A phishing attack stole 12,083 Spark Wrapped Ethereum (spWETH) worth $32 million, with funds distributed across wallets holding 1,750 ETH, 2,050 ETH, 2,900 ETH, and 3,730 ETH
A phishing attack on September 27 resulted in the theft of 12,083 Spark Wrapped Ethereum tokens (worth approximately $32 million), with most funds moving into one wallet holding $26 million. This wallet later split the stolen funds into four smaller wallets. The compromised wallet is believed to belong to Shixing Mao, a co-founder of F2Pool, though this isn't confirmed.Crypto phishing scams have surged, with a 215% increase in August 2024 alone, leading to losses exceeding $66 million. The rise of phishing threats is also driven by the evolution of malicious tools like AngelX, which has targeted newer blockchains with hundreds of phishing DApps in a matter of days.The report highlights growing concerns around sophisticated, targeted crypto cyberattacks.
A senior Kakao executive filed a 10 billion South Korean won ($7.6 million) lawsuit against GroundX after the hacking of the Klip cryptocurrency wallet in KakaoTalk
A senior executive at Kakao, South Korea's leading internet conglomerate, has filed a lawsuit against GroundX, its blockchain subsidiary, seeking KRW 10 billion ($7.6 million). This lawsuit follows a crypto hack in March 2022 that compromised the executive’s Klip wallet, which is integrated into KakaoTalk, South Korea’s top messaging app. Hackers accessed the executive's KakaoTalk account, transferred the stolen cryptocurrency to overseas exchanges, and made it difficult to recover the funds.The executive accuses GroundX of failing to implement sufficient security measures to prevent the breach. This lawsuit brings attention to the growing security concerns surrounding crypto wallets, particularly those integrated into popular platforms. Klip, built on the Klaytn blockchain developed by GroundX, is a key part of Kakao's blockchain ecosystem, enabling users to manage cryptocurrencies and NFTs.Despite the breach, Kakao continues its blockchain efforts but faces scrutiny over its security infrastructure. GroundX's ongoing role in Kakao's Web3 and NFT initiatives could be jeopardized depending on the outcome of the lawsuit. This case underscores the need for stronger cybersecurity in the rapidly evolving crypto industry.
South Korea expands the concept of "improper influence": Cryptocurrencies and insider information exchanges are now included in the list of financial gains to combat corruption and protect investors under a new legislative initiative 🇰🇷💸
South Korean lawmaker Kim Young-hwan has proposed an amendment to the Improper Solicitation and Graft Act to include cryptocurrencies and insider information sharing under the term "improper solicitation." This move aims to close regulatory gaps, ensuring that crypto assets are treated the same as traditional financial benefits like money, securities, and real estate.The proposal is part of a broader effort to strengthen crypto regulations and protect investors in South Korea. If approved, it will help prevent corruption and ensure accountability in the crypto space. It follows other regulatory initiatives, including the Virtual Asset Users Protection Act and increased oversight of crypto exchanges.Additionally, South Korea's Financial Supervisory Service (FSS) has implemented a zero-tolerance policy to combat illegal crypto trading activities.
Binance Pool has launched merged mining for Bellscoin (BEL) with simultaneous rewards in Litecoin (LTC), Dogecoin (DOGE), and BEL; the service is available from September 29, 2024, for verified users 🎉
Binance Pool has introduced merged mining for Bellscoin (BEL), allowing miners to earn rewards in LTC, DOGE, and BEL. This new service, which started on September 29, 2024, provides miners with an opportunity to diversify their earnings. However, despite BEL being part of this merged mining setup, it is not yet listed for trading on Binance, and its inclusion does not guarantee a future listing.The mining follows a PPLNS payout model, rewarding miners based on their contributions. BEL rewards are kept separate from LTC and DOGE earnings, and users need a configured payout address for BEL. Additionally, BEL, created by Dogecoin’s developer Billy Markus, has historical ties to Dogecoin, being launched eight days before it.
Best news of the last 10 days
Elon Musk posts an AI-generated image of Kamala Harris as a communist on X, garnering millions of views and criticism for spreading misinformation 💬
The UK Gambling Commission accuses Sorare of unlicensed gambling: the French Ethereum-based fantasy sports platform is under trial for using NFTs 💰
A fraudulent app on Google Play stole more than $70,000 in cryptocurrency by posing as WalletConnect: 150 users fell victim to a phishing attack 🚨
Senator Cynthia Lummis criticizes the SEC for a lack of clear crypto regulations, proposes transferring the regulation of Bitcoin and Ethereum to the CFTC, and calls for the repeal of SAB 121 📉
The FBI seized over $6 million in cryptocurrency following a scam in Southeast Asia: 12% of American dating site users were victims of the "pig butchering" scheme 💸
The FBI recently seized over $6 million in cryptocurrency following a scam targeting American citizens, which was operated from Southeast Asia. The fraudsters tricked victims into believing they were investing in legitimate projects, leading to significant financial harm.FBI Assistant Director Chad Yarbrough emphasized the devastating impact of such crypto scams on Americans and highlighted the importance of continued efforts to combat them. This seizure marks one of the largest of its kind this year, underscoring the growing challenges of tackling cryptocurrency fraud in a globalized market.
The U.S. Foreign Affairs Committee is demanding the release of Binance head Tigran Gambaryan, who was detained in Nigeria on charges of financial crimes, amid serious health issues including pneumonia and a herniated disc 💼🌐
U.S. House Demands Release of Binance Exec Tigran Gambaryan Amid Health CrisisThe U.S. House Foreign Affairs Committee recently passed H.Res. 1348, urging Nigeria to release Binance’s head of financial crime compliance, Tigran Gambaryan, who has been detained since February. Gambaryan, accused of illegal financial activities, faces serious health issues, including pneumonia and a herniated disk, prompting urgent calls for his release.The U.S. Committee has heightened diplomatic pressure, criticizing Nigeria’s lack of cooperation and calling for Gambaryan to be classified as "wrongfully detained." The situation has drawn international attention, especially as Binance connects Gambaryan's case to its compliance with Nigeria’s evolving regulatory framework for Virtual Asset Service Providers.Despite these challenges, Binance remains strong, reporting a 40% rise in institutional investor interest this year. The crypto community is closely watching how the case and upcoming regulatory developments, including the anticipated release of Binance founder Changpeng Zhao, will impact the market.This case reflects the growing tension between international crypto regulation, corporate responsibility, and human rights.In related news: Polygon's POL token rose 5% following an upgrade to dApps and rebranding from MATIC.
Mango DAO settled the case with the SEC for $700,000 over the sale of unregistered MNGO tokens and unlicensed brokerage activities, reaching an agreement with the CFTC for $500,000 💸 amid accusations of violating U.S. securities and exchange laws 💼
Mango DAO Reaches Settlement with SEC Over Unregistered SecuritiesMango DAO settled charges with the SEC for selling unregistered MNGO tokens and offering unlicensed broker services through Mango Labs LLC and Blockworks Foundation. The settlement requires Mango DAO to destroy its MNGO tokens, halt trading requests on exchanges, and pay $700,000 in fines. The agreement, still pending court approval, follows a community vote in August.Additionally, Mango DAO reached a $500,000 settlement with the CFTC in October 2023 over a similar investigation. The SEC's complaint accused Mango DAO of raising $70 million from the sale of MNGO tokens in 2021, while Mango Labs was accused of acting as an unregistered broker.The settlement follows the conviction of Avraham Eisenberg, who exploited Mango Markets in 2022, resulting in $110 million in losses. Eisenberg faces sentencing for fraud and market manipulation in December. This case marks a notable event amid increased regulatory focus on DeFi platforms and token offerings.
Bitget Wallet launches the OmniConnect SDK to integrate Telegram Mini-Apps with over 500 blockchains, including Solana and EVM-compatible networks, attracting over 1 billion users into the Web3 ecosystem 🌐📱
Bitget Wallet has introduced OmniConnect, a new SDK designed to integrate Telegram Mini-Apps with over 500 blockchains, including Solana and EVM-compatible networks. This allows for seamless transaction execution across multiple platforms, broadening the possibilities for developers. Previously, Telegram Mini-Apps were limited to the TON network, but OmniConnect expands their utility, positioning Telegram as a powerful entry point into Web3 for its billion-plus users.Alvin Kan, COO of Bitget Wallet, highlights that OmniConnect eliminates the limitations of interacting solely with TON, offering developers more flexibility to create multichain applications. This aligns with Bitget Wallet's vision of onboarding users from social platforms into Web3. With nearly 2 million downloads in August 2024 alone, the wallet is rapidly gaining popularity. It offers innovative features like trading bots and keyless logins, emphasizing ease of access and security.Bitget Wallet's OmniConnect SDK marks a significant step in integrating social media with decentralized technologies, paving the way for broader Web3 adoption through Telegram.