Sichuan police uncover underground finance scheme involving $2b in USDT

Chinese police in Sichuan reportedly intensified crackdowns on underground banking networks, with a particular focus on USDT transactions totaling billions of U.S. dollars. Chinese police in the Sichuan province reportedly uncovered a wide-scale underground banking scheme, with operations reportedly involving…

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US probes Jack Dorsey’s Block, Inc. over financial transactions: Report

U.S. prosecutors are reportedly investigating the fintech firm after a whistleblower claimed it processed thousands of transactions for users from sanctioned countries and terrorist groups.

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Solana devs target April 15 to fix failed transactions bug

Solana developers target TX bug fix, with a patch expected on April 15. Helius Labs CEO says issues are a result of “an implementation bug, not design flaw. ” Solana developers are reportedly targeting April 15 as the date to implement a fix on transaction issues that recently plagued the blockchain network.

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Nigeria reportedly considers $10 billion Binance fine over illegal transactions and registration

The Nigerian government is reportedly considering imposing fines of up to $10 billion on Binance. Local media outlets reported that Bayo Onanuga, the special adviser to the Nigerian president, said the exchange profited from facilitating illegal transactions in the African country while the nation suffered huge losses.

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Crypto lender Salt suspends withdrawals citing FTX’s collapse

Crypto lending platform Salt has suspended deposits and withdrawals, citing FTX’s downfall as the root cause of its shaken operations. Salt suspends operations Salt, a crypto lending platform, has reportedly suspended transactions, including deposits and withdrawals. The announcement came as…

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Australian state police sets up crypto division to trace transactions

The use of crypto in criminal activity has reportedly significantly increased since the AFP made its first crypto seizure in early 2018.

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South Korean authorities arrest 16 individuals connected to $2B crypto forex transactions: Report

More than $283 million of the $2 billion in crypto transactions were reportedly facilitated through illegal remittance agencies.

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Nigeria’s CBDC eNaira records $10M in transaction since October

Nigeria’s digital currency eNaira has reportedly reached 270,000 users as recorded transactions hits N4 billion (approx. The post Nigeria’s CBDC eNaira records $10M in transaction since October appeared first on CryptoSlate.

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South Korea Arrests 3 in Multibillion-Dollar Crypto-Linked Probe: Report

Authorities are reportedly investigating $3.4 billion in "abnormal transactions" involving foreign exchange and crypto investments.

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Coinbase providing customer geolocation data to ICE: Report

The U.S. government agency is reportedly using Coinbase Tracer to access customers' historical geo-tracking data and transactions on over a dozen cryptocurrencies.

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Japanese Government Reportedly Set To Freez Stolen Crypto – Assets By Passing New Law

The decentralized nature of crypto assets ensures that transactions and activities involving the assets have no third parties interference. This has remained a leveraging feature that decentralized finance uses against its centralized counterpart.

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Solana restarts after bots cause a 7-hour outage

The Solana Mainnet Beta had lost consensus after a flood of transactions – reportedly… The post Solana restarts after bots cause a 7-hour outage appeared first on Coin Journal.

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Crypto startup Blockchain.com is eyeing an IPO: Report

Blockchain. com, a crypto exchange that has handled over $1 trillion in transactions since its inception, is reportedly eyeing a public listing in the US. According to a Bloomberg report published Tuesday, the team behind the exchange is currently engaging banks in the country with a view to launching an initial public offering (IPO).

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Solana transactions stop as mainnet experiences intermittent instability

The Solana blockchain has reportedly stopped processing transactions.

The post Solana transactions stop as mainnet experiences intermittent instability appeared first on CryptoSlate.

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Kazakhstan to Reportedly Let Banks Open Cryptocurrency Accounts

The government of Kazakhstan would soon reportedly allow financial institutions to offer banking services to cryptocurrency exchanges in the country to facilitate crypto transactions.  Local Banks to Service Crypto Exchanges The report by the Astana Times which mentioned the Data Center Industry and Blockchain Association of Kazakhstan as the source stated that crypto-based businesses wouldRead More

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U.S. Working with Allies to Make Foreign Crypto Exchanges Report Suspicious Transactions Amid Ransomware Crisis

The Biden administration is reportedly planning to ban companies from paying ransomware gangs

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Malta Investigated for ‘Lax Oversight’ on Crypto Transactions

Malta has reportedly been singled out by the FATF for its lax oversight on cryptocurrency transactions, according to local media reports. The post Malta Investigated for ‘Lax Oversight’ on Crypto Transactions appeared first on BeInCrypto.

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China debuts blockchain-based digital yuan salary payments in Xiong’an

China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area.

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India’s Central Bank RBI Urges Banks to Cut Ties With Crypto Businesses and Traders: Report

India’s central bank, the Reserve Bank of India (RBI), has reportedly informally asked banks to cut ties with cryptocurrency exchanges and traders. Some banks in India have limited their exposure to the crypto market and some plan to stop all crypto-related transactions.

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Russia Reportedly Plans To Track Bitcoin-To-Fiat Sales

According to local news reports, a Russian financial monitoring service will be tracking bitcoin-to-fiat transactions.

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Privacy-Centric Cryptocurrency Firo Suffers 51% Attack on Its Network

The proof-of-work (PoW) cryptocurrency Firo announced that its protocol came under a 51% attack, notifying its holders to stop transactions. Formerly known as Zcoin, the privacy coin was reportedly subject of a blockchain reorganization attack.

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“World’s Largest” Darknet Marketplace Has Been Shut Down

The “world’s largest” darknet marketplace, DarkMarket, was shut down by authorities. It reportedly facilitated 4,650 BTC in transactions. The post “World’s Largest” Darknet Marketplace Has Been Shut Down appeared first on Bitcoin Magazine.

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Best Tether Wallets: Hardware, Desktop, iOS and Android USDT Wallets

Tether is the first and by far most popular stablecoin. According to CoinMarketCap, USDT activity reached an all-time high in August with a market cap exceeding $4 billion. Tether is reportedly used in between 40-80 percent of all transactions on the exchanges Huobi and Binance, the latter of which now offers loans based on USDT […] The post Best Tether Wallets: Hardware, Desktop, iOS and Android USDT Wallets appeared first on CaptainAltcoin.

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Indian Police Bust International Bitcoin Extortion Rackets, 96 Arrested

Ninety-six people have reportedly been arrested in India for allegedly extorting bitcoin from foreigners. They set up illegal call centers, posed as police officers, and told the victims that their bank accounts had been used in illegal transactions.

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New Huawei smartphone will feature a hardware wallet for digital yuan

The Mate40 series will reportedly enable dual offline transactions and allow users to control anonymity.

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China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far

China’s central bank digital currency has been used in 3. 13 million transactions worth about 1. 1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed.

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China CBDC Trials: Over $160M in Total Payments From 3M Transactions

China’s ongoing central bank digital currency (CBDC) trials have crossed the 1 billion yuan (~$160 million) milestone. With China pulling ahead in the CBDC race, other nations are reportedly considering floating their own sovereign digital currencies.

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Russia Developing AI System to Monitor Cryptocurrency Transactions — Prototype Now in Use

Russia is reportedly developing a system using artificial intelligence to track and analyze transactions involving cryptocurrencies, such as bitcoin, dash, and monero. The system prototype has already been created and is currently being tested.

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Mastercard Exec Reportedly Linked to Suspect Transactions at Cyprus Bank

Wirecard has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the FBME bank in Cyprus.

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China’s Blockchain Service Network Reportedly Integrating Ethereum

China’s state-sponsored Blockchain Service Network (BSN) is reportedly moving to start integrating with public blockchains like Ethereum and Nervos Network. News of these potential integrations come just a week after news broke about the BSN utilizing Chainlink Oracles to increase the speed and security of transactions taking place on-chain. This news seems to bode well […]

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What to Expect As Ethereum Crosses 1 Million Transactions

The Ethereum blockchain has recently crossed one million transactions per day. This happened after a significant increase in mining capacity. ETH miners have reportedly increased capacity by 25%.

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5 Chinese Banks Say Legal Crypto Traders’ Accounts Will Not Be Frozen as Police Widen Crackdown

Following reports that Chinese authorities are freezing bank accounts of cryptocurrency traders, five banks have reportedly clarified their policies. They confirmed that accounts with legal crypto transactions will not be frozen.

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As Bitcoin Nears $10k, Whales Look to be Loading Up for Another ‘Pump and Dump’

About an hour ago, a bitcoin whale bought $20 million worth of BTC on OKEx. This is one of the largest single buy transactions recorded in 2020. The same buyer has reportedly been acquiring Bitcoin lately in vast numbers.

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IRS Seeks Third-Party Contractors to Help With Taxpayers’ Crypto Calculations

The United States Internal Revenue Service is reportedly soliciting outside contractors to assist with calculations of cryptocurrency users’ transactions.

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DeFi Platform bZx Attacked Again, 2388 ETH Siphoned by Hacker

Decentralized Finance (DeFi) lending platform bZx has reportedly suffered another attack with the hacker making off with a profit of 2,378 ETH (about $645,000). bZx Hits Pause Following Suspected Attack In a tweet published on Tuesday (February 18, 2020), bZx acknowledged suspicious transactions involving flash loans.

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Warning: Bitcoin from PlusToken Wallet on the Move Again

The Bitcoin locked in the PlusToken wallet are on the move again, noted for another “whale” transfer. The Ponzi scheme famous in China, reportedly held up to 187,000 BTC. PlusToken Scheme Consolidates Transactions A whale transaction was recognized as most probably belonging to the PlusToken scheme, signaling that there were still active members of the project.

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South Korea Considers Imposing a 20% Income Tax on Cryptocurrencies

South Korean regulators are reportedly considering a 20% income tax on income from crypto transactions

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SBI, GMO Reportedly Sign Deal with Operator of World’s Largest Bitcoin Mining Site

Japanese financial services giant SBI and internet provider GMO have reportedly agreed to process crypto transactions at what is set to become the world’s largest mining site

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Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners

The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these traders from three local crypto exchanges.

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15 Countries to Develop Crypto Transaction Tracking System: Report

15 countries, including the G7, will reportedly create a system for tracking crypto transactions to prevent its illicit uses under FATF guidance

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15 nations are reportedly banding together to monitor suspect cryptocurrency transfers

Some 15 countries, including Australia and Singapore, are reportedly banding together to create a data collection and sharing system on individuals carrying out cryptocurrency transactions. According to Nikkei, the common goal would be to prevent funds from being laundered or used to finance terrorist organizations.

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0x, StarkWare Look To Speed Up Decentralized Exchanges With StarkDEX

StarkDEX will reportedly speed up exchange-related transactions on the Ethereum blockchain, reaching 40-60 transactions per second in alpha and ramping up to 8,000 transactions per second in its full release.

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Bitcoin Cash reportedly suffered a 51% attack, transactions reversed

Bitcoin Cash reportedly suffered a 51% attack following its May 15 scheduled hardfork upgrade. Following Bitcoin Cash’s hardfork upgrade, an attacker exploited a vulnerability in the update that added invalid transactions to the pool of unprocessed transactions (the Mempool).

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Bitcoin Cash exploit cripples network during scheduled hardfork upgrade

A bug was reportedly exploited on Bitcoin Cash during a scheduled hardfork upgrade of the protocol. For an hour and a half transactions went unprocessed, causing fees to skyrocket. A source familiar with the project says the exploit “looks like a timed attack,” while other rumors are circulating that the “attacker” placed a 180,000 BCH short […] The post Bitcoin Cash exploit cripples network during scheduled hardfork upgrade appeared first on CryptoSlate.

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‘Shadow banking’ duo charged for laundering millions of dollars for cryptocurrency exchanges

The US Attorney for the Southern District of New York has charged two people in connection with running an unlicensed money transfer business used to make deposits for cryptocurrency exchanges.

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India’s Banking Sector Afraid Of Crypto, Leading Bank Threatens Customers By Putting Account Restrictions

One of India’s leading private banks, the Housing Development Financial Corporation (HDFC), is reportedly sending users whose banking transactions… The post India’s Banking Sector Afraid Of Crypto, Leading Bank Threatens Customers By Putting Account Restrictions appeared first on Invest In Blockchain.

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Trump’s FinCEN Pirates Extort $35,000 from Old-Fashioned Bitcoin Trader

By CCN: For the first time, FinCEN – the Financial Crimes Enforcement Network – has fined a peer-to-peer Bitcoin trader for failure to register as a money services business. MSBs fall under FinCEN’s regulation, and according to FinCEN, Eric Powers, reportedly a resident of California, willfully violated registration requirements.

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Binance Announces Singapore Expansion, Details Around DEX Launch and Wallet

The China-based crypto exchange giant Binance has announced that it will launch Binance Singapore this month, a fiat-to-crypto exchange with support for the Singaporean Dollar (SGD).

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How an 18-Year-Old Hacker Stole Millions of Yen from a Crypto Project

According to local publications, an 18-year-old hacker stole 15 million yen, which is equivalent to $134,640, worth of a crypto asset called Monacoin. On Monappy, a platform that enabled Monacoin users to store their funds, the hacker initiated a large number of transactions in a short period of time to overload the system.

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