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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The Rising Star in Crypto: A New Token Set to Eclipse Both Chainlink and Polygon

Chainlink (LINK) recently witnessed its most substantial increase in whale transactions this year. In other news, Polygon Labs reportedly paid a publicly traded sports betting firm millions in cryptocurrency to manage one of its now-defunct network validators.

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Ethereum, Bitcoin users reignite scalability debate as gas fees surge

Ethereum gas fees reportedly breached the $200-mark for certain high-priority transactions in the last 24 hours.

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Australian exchange CoinSpot reportedly hacked for $2m

A blockchain analyst under the pseudonym ZachXBT reported suspicious transactions from the wallets of the Australian exchange CoinSpot totaling $2 million. In his Telegram channel, blockchain detective ZachXBT pointed out two transactions.

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Binance to axe Russian ruble payment gateway

Crypto’s largest centralized exchange reportedly plans to end its partnership with Advance Cash, a Central American-based payment processor facilitating ruble transactions for Binance users.

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Mysterious Owner Behind $3 Billion Bitcoin Wallet Has Finally Been Exposed

It is not unusual for wallets with high-volume transactions and large holdings to pique the interest of the Bitcoin community due to their sheer size. One such wallet is that of a mysterious whale, which had reportedly accumulated $3 Billion in Bitcoin in the last three months.

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How Ethereum's integration with Visa can ease things for ETH holders

Visa aims to make Ethereum transactions easier with its new solution. ETH has reportedly settled 33 trillion worth of transactions as compared to Visa's 11 million. Ethereum gas fees have beThe post How Ethereum's integration with Visa can ease things for ETH holders appeared first on AMBCrypto.

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New York AG probes transactions at Genesis, ties with Barry Silbert: Report

Digital Currency Group (DCG) is reportedly under investigation in New York for financial transactions involving its subsidiary, Genesis Global Capital.

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Crypto-friendly Xapo Bank expands to India

Xapo, a crypto-friendly bank that integrates traditional private banking with crypto, is reportedly expanding its services to India. Headquartered in Gibraltar, Xapo Private Bank offers access to Bitcoin and US Dollar transactions via its app Xapo Bank.

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According to the Central Bank, Russia intends to engage in cryptocurrency mining to facilitate cross-border transactions.

The Bank of Russia is reportedly drafting a bill that would create an “experimental legal regime” for cryptocurrencies to be exclusively used in cross-border import-export transactions, as announced by the regulator’s head, Elvira Naiullina.

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Banks should report exposure to crypto-related businesses: Australia

The Australian regulator has reportedly asked local banks to report on cryptocurrency transactions in the aftermath of SVB’s collapse. The announcement comes just a few days after the AustralThe post Banks should report exposure to crypto-related businesses: Australia appeared first on AMBCrypto.

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Huobi, KuCoin reportedly transacting with sanctioned Russian banks

A report by open-source intelligence company Inca Digital alleges that two major crypto exchanges, Huobi and KuCoin, have been letting customers of sanctioned Russian banks make transactions on their platforms.

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Whales Actively Accumulating Polygon (MATIC) And Cardano (ADA), Should You Join Them?

Reportedly, whales have shown interest in altcoins such as Cardano (ADA), Dogecoin (DOGE), and Polygon (MATIC) over the past few days as a large amount of these tokens has been purchased and moved from one wallet to another across several transactions.

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Genesis sues Roger Ver for $20.9 million over unsettled crypto options

Genesis Global has reportedly instituted legal action against Roger Ver, also known as “Bitcoin Jesus,” due to his alleged refusal to settle crypto options transactions that expired on Dec. 30, 2022.

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Binance Reportedly Facilitated Transactions Worth $346M for the Russian Exchange Bitzlato

The world’s leading cryptocurrency exchange is in hot water for allegedly facilitating the transactions for Bitzlato, recently the subject of a Department of Justice (DoJ) investigation. The post Binance Reportedly Facilitated Transactions Worth $346M for the Russian Exchange Bitzlato appeared first on BeInCrypto.

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Digital Currency Group (DCG) Reportedly Under Investigations From US Prosecutors

Digital Currency Group (DCG) is facing investigations from US authorities over its internal financial transactions, Bloomberg reported. The post Digital Currency Group (DCG) Reportedly Under Investigations From US Prosecutors appeared first on BeInCrypto.

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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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