Day: 15 November 2024

In a recent joint effort, Binance and the Royal Malaysia Police were able to trace and recover a significant portion of a $4.5 million kidnapping ransom. The investigation led to the arrest of 14 suspects connected to the high-profile kidnapping case, which occurred on October 13. The case involved a ...

Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), issued a warning on November 15 regarding the misuse of the term "bank" by unlicensed crypto companies operating in the region. The HKMA cautioned that such misrepresentations could potentially violate local banking laws. The regulator raised concerns about overseas-based crypto ...

On November 14, the X account of memecoin Dogwifhat was hacked to promote newly created tokens on Solana. The attackers used the account to manipulate the prices of newly created tokens, including popwifnut (POPWNUT), muu (MUU), and DogWifDoge (WIFD). The scammers altered the account’s bio and shared posts encouraging followers ...

The European Banking Authority (EBA) has issued new guidelines for payment service providers (PSPs) and crypto-asset service providers (CASPs) to ensure compliance with the European Union’s sanctions when transferring funds or crypto assets. Released on November 14, the guidelines outline how these providers should implement EU and national sanctions to ...

We all have that one “should’ve, could’ve” moment. For many, missing out on Polkadot's ICO is one of those regrets. But here’s the good news: the rise of Qubetics ($TICS) is giving people a new shot at major gains. With a presale that’s absolutely exciting, market analysts are saying Qubetics ...

The G20's Financial Stability Board (FSB) have raised issues about the implications of artificial intelligence (AI) on the stability of the global financial sector. In its recent report, the Board highlighted AI's transformative potential and identified significant risks that could undermine financial system stability. It noted that though AI could ...

Blockchain infrastructure firm Consensys is working on a new project to create a platform enabling individuals to declare personal sovereignty within Web3 and the AI-driven global economy. According to the company's founder, Joe Lubin, in an X post on November 14, the project, which he called "Network State," is a ...

U.S.-based battery materials firm Solidion Technology has announced a strategic shift in its corporate treasury management, which involves committing over 50% of its surplus cash reserves to Bitcoin investments. In a recent press release, Solidion described Bitcoin as a “secure store of value” and a “strategic asset”, reinforcing its role ...

South Korea's Financial Intelligence Unit (FIU) has reportedly launched an intensive review of Upbit's operations over alleged non-compliance with Know Your Customer (KYC) requirements. The regulator allegedly uncovered 500,000 to 600,000 cases where the country's largest cryptocurrency exchange might fallen short in its customer verification procedures, according to local media ...

Gary Gensler, the current chair of the U.S. Securities and Exchange Commission (SEC), hinted at a potential departure from the agency in a speech at the Annual Institute on Securities Regulation Event on November 14. Reflecting on his tenure at the Commission, Gensler defended his enforcement record in the crypto ...