Recent research conducted by Chainalysis, a prominent crypto research firm, has shed light on the alarming increase in illicit transactions within the cryptocurrency market. Throughout 2023, approximately $24.2 billion worth of cryptocurrency was sent to illicit wallet addresses associated with activities such as terrorist financing, sanctions, and scams. However, it is important to note that
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The Securities and Exchange Commission (SEC) is currently engaged in a legal battle with Coinbase, one of the leading cryptocurrency exchanges. This article critically examines the ongoing lawsuit and its potential implications for Coinbase and the wider crypto industry. In June, the SEC filed a lawsuit against Coinbase, alleging that the exchange had listed several
Blockchain technology continues to revolutionize various industries, and the world of messaging is no exception. WalletConnect, a prominent blockchain wallet developer, has recently launched its subscription-based notification service called Web3Inbox. This innovative service aims to provide users with custom notification services without relying on traditional Web2 messaging tools. By leveraging its blockchain expertise, WalletConnect empowers
In a recent audit conducted by the Ministry of Public Administration and Security in South Korea, it was discovered that two government servers in the city of Daejeon were infected with crypto mining malware. This alarming revelation highlights the growing threat posed by malicious actors targeting government institutions for their own financial gain. During the
Genesis Global Trading, a subsidiary of Digital Currency Group, has recently found itself in hot water with the New York State Department of Financial Services (NYDFS). The company has agreed to pay an $8 million penalty after settling allegations of compliance failures. This article delves into the details of the case, highlighting the key areas
South Korean crypto-related KOSDAQ stocks experienced a significant surge following the announcement of the US Securities and Exchange Commission (SEC)’s approval of 11 Bitcoin spot ETFs. This news sparked a wave of optimism among investors, particularly venture capital firms with stakes in major South Korean crypto exchanges. Despite the absence of any South Korean crypto
Uri Kolodny, the CEO and co-founder of StarkWare Industries, has made the difficult decision to step down from his role due to family health issues. This announcement has come as a shock to many in the blockchain industry, as Kolodny has been instrumental in the success and growth of StarkWare. Despite this change, Kolodny will
In a recent report released by the Central Bank, it was revealed that exchanges buying coins overseas to sell on the domestic market play a major role in Brazil’s cross-border crypto trade. The report highlights the domination of trading platforms in the nation’s coin-buying activities. Interestingly, the share of international transactions carried out by Brazilian
The Decentralized Recovery (DeRec) Alliance, consisting of various entities from the Hedera and Algorand ecosystems, including the HBAR Foundation, Algorand Foundation, Hashgraph Association, Swirlds Labs, DLT Science Foundation, and industry partners The Building Blocks and BankSocial, has recently been established. This alliance aims to revolutionize the recovery and adoption of cryptocurrencies and other digital assets
In a shocking turn of events, a South Korean man has been apprehended by the police in the Philippines for allegedly stealing $3.5 million from a nursing care fund and using the money to invest in cryptocurrency. The suspect, a 44-year-old man, is believed to have committed the embezzlement between April 2022 and September 2022
