The value of funds taken in hacking activities and ransomware attacks rose during the first seven months of the year. These increases were driven by the higher value of bitcoin and by ransomware attacks targeting larger organizations, Chainalysis said in a Thursday (Aug. 15) crypto crime mid-year update. Stolen funds inflows rose by about 84%
Senate Majority Leader Chuck Schumer, D-N.Y.Bloomberg News WASHINGTON — Senate Majority Leader Chuck Schumer said at a virtual campaign event that he believes the Senate could pass crypto legislation before the end of the year. “Passing legislation this year is absolutely possible, even in these divided times,” he said. The event, known as “Crypto4Harris”
Hong Kong is competing with financial centres around the world to establish itself as a hub for cryptocurrency business. To achieve this requires allowing multiple forms of cryptocurrency tools as well as the appropriate regulatory framework to help manage the risk of monetary and financial instability. To that end, a regulatory regime for stablecoins has
The Securities and Exchange Commission (SEC) charged NovaTech Ltd, its operators, Cynthia and Eddy Petion, and the company’s top promoters with running a fraudulent scheme centered on crypto assets. The defendants are charged with running a multi-level marketing company that claimed it would invest victims’ funds in crypto assets but did so with only a fraction of
Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only crypto-friendly banks in the U.S., was served with a 13-page regulatory enforcement action by the Federal Reserve related to its digital asset and dollar token
Dallas, Aug. 12, 2024 (GLOBE NEWSWIRE) — Federal criminal cases involving money laundering and cryptocurrency have surged in recent years, as sophisticated criminals exploit digital currencies to obscure illicit activities. In response to this trend, Federal Cryptocurrency Money Laundering Defense Lawyer John Helms has published an insightful article titled “Money Laundering Cases Involving Cryptocurrency: An
Memecoins have become a central part of the cryptocurrency sector. Since the launch of Dogecoin (DOGE) in December 2013, the number of meme coins created has skyrocketed. Despite the increasing number of meme coins, only a handful have entered the top 100 projects by market cap, with just DOGE and Shiba Inu (SHIB) among the
Crypto analyst Dark Defender provided an in-depth analysis of XRP price action using the Elliot Wave Theory. In his analysis, the analyst revealed what to expect from the crypto token and where its price is eventually headed. Related Reading XRP Could Rise To As High As $18 On Its Next Leg Up Dark Defender revealed
A Queens auto body shop owner lost his $300,000 retirement nest egg after a California man stole his Bitcoin — and used the funds to buy a diamond pendant, a Rolex and a Mercedes-Benz, authorities said. The victim, 61, had 5.75 Bitcoin worth $92,000 in a Blockchain digital “wallet” when it was allegedly stolen by
Reading time: 2 minutes Attendees of the inaugural Innovations in Financial Intermediation Symposium The Shidler College of Business at the University of Hawaiʻi at Mānoa hosted its inaugural Innovations in Financial Intermediation Symposium (IFIS), marking a significant milestone for the college. The conference in June 2024 focused on financial intermediation, particularly the growing field of