Dutch Court Sentences Tornado Cash Developer To 64 Months In Prison For Money Laundering

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Wirex Chooses OpenPayd to Launch Embedded Accounts Across UK and EEA

Today, leading embedded finance and Banking-as-a-Service (BaaS) platform, OpenPayd announces its partnership with Wirex, a prominent Web3 money app, to provide named virtual IBANs to its customers across the UK and European Economic Area (EEA) strengthening Wirex’s core mission to provide easy, fast and secure payment methods to its customers.

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Dencun Destroyed The Ethereum “Ultra-Sound Money” Narrative: CryptoQuant

Researchers at CryptoQuant, a crypto analytics platform, are now disproving the idea that Ethereum is “ultra-sound money,” especially after activating the highly anticipated Dencun Upgrade in mid-March.

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Inccrypto provides free cloud mining, allows users to earn money through BTC mining

Explore the accessible and profitable world of cloud mining with Inccrypto, a leading platform that allows users to mine cryptocurrencies remotely without upfront investment. #sponsored

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BTC-e founder pleads guilty in $9B money laundering conspiracy

The platform was utilized to launder funds acquired from various criminal activities, including computer hacking, ransomware attacks and drug trafficking.

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$12 Million Crypto Seizure: Dutch Authorities Arrest Suspect Of ZKasino Rug Pull

About two weeks ago, the crypto space faced another alleged rug pull. This time, the gambling platform and blockchain casino ZKasino was at the center of the accusations, with many investors claiming their money was gone.

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ZKasino rug pull suspect detained in Netherlands

Netherlands officials announced the arrest of a suspect in fraud, embezzlement, and money laundering of the gaming platform ZKasino.

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Here’s Why Hedera (HBAR) Price Surged 100% in 24 Hours

Hedera's (HBAR) price surged 100% in 24 hours, driven by BlackRock's tokenization of its US Treasury money market fund on the platform in partnership with Archax and OwneraIO, a milestone for real-world asset tokenization.

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NFT scam in India sees 71-year-old digital artist losing money in bogus platform fees

A 71-year-old digital artist in India fell victim to scammers pretending to be an NFT art dealer. According to a local report, Shivaprasad R (name changed), a practicing chartered accountant (CA), lost INR 1.58 lakhs (approximately $1895) in fees to…

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Paypal’s Xoom adds PYUSD as funding for cross-border money transfers

PayPal enables use of PYUSD in cross-border transfers for Xoom users Xoom users in the US can convert PYUSD into USD and send money to 160 countries. Xoom, the international money transfer platform of payments processing giant PayPal, has announced that it now supports the use of PayPal USD (PYUSD) as a funding option for […] The post Paypal’s Xoom adds PYUSD as funding for cross-border money transfers appeared first on CoinJournal.

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Elon Musk’s X Payments expands boundaries, secures Louisiana license

X Payments received the Check Sales & Money Transmitter certificate for Louisiana. The move triggered optimism within the crypto market, with the payments platform securing licenses in 23 states in the US.

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DeFi Whale Activity Fuels Spell Token’s Price Explosion: Expert Points To More Upside – Here is His Outlook

Spell Token (SPELL), the native cryptocurrency of decentralized lending platform Abracadabra Money, has pumped over 50% in value over the last 24 hours. According to Coingecko data, SPELL hovers around $0.

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Manta Network (MANTA) faces money laundering allegations following Binance listing

The layer2 platform Manta Network encounters scrutiny following money laundering accusations in South Korea. The allegations emerged after the asset attained listing on exchanges Binance, KuCoin, and Bithumb.

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Wirex Launches Innovative Strategy to Tackle Dark Web and Mule Account Risks

Wirex, a leading Web3 money platform, announced a significant enhancement in its measures to combat Dark Web activities and money mule threats. The company has seamlessly incorporated ZeroFox’s cutting-edge Dark Web Monitoring tool into its system, creating a unified solution.

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HTX exchange suffers a $258m net outflow since resuming operations post-hack

HTX (formerly Huobi), a major crypto exchange tied to the founder of TRON, Justin Sun, recently suffered a $258 million net outflow. The money left the platform after the exchange resumed regular operations in the aftermath of a major hacking attack.

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Coinbase Wallet now allows money transfer across WhatsApp and Telegram

Coinbase Wallet has announced support for new features that will allow users to send and receive money across major social media apps. It’s like sending a text, the crypto platform noted. Per a blog post update, Coinbase Wallet users can transfer money from anywhere in the world via a share link, with the instant transactions […]

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From Child Porn To Terrorist Organizations, A Rundown Of The Binance Charges

Binance has pleaded guilty to breaking US money laundering laws. The US Department of Treasury has highlighted all the criminal failings of Binance, charging the exchange for its negligence in reporting illicit transactions that occurred on its platform.

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Binance hit with $288 million Bitcoin exodus following CEO money laundering plea

Quick Take Binance has experienced aggressive outflows, with approximately 8,000 Bitcoin (to the tune of $288 million) departing from the platform in the wake of CEO Changpeng Zhao’s guilty plea to money laundering charges.

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Elon Musk’s X aims to revolutionize finance as a central hub

Elon Musk envisions X as an all-encompassing financial platform, embracing every aspect of users’ financial lives, from money and securities to eliminating the need for traditional bank accounts.

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DAO-Builder SuperDao Shuts Shop, Returns Investor Money

SuperDao, the platform that helps communities build their own decentralized autonomous organization (DAO), has announced that it is shutting down and returning leftover money to investors.

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FTX eyes return of $9 billion in customer funds through settlement proposal

Bankrupt FTX might claw back 15% from customers with claims over $250,000 from the platform nine days before its bankruptcy by requiring them to reduce claims, per an Oct. 16 statement. FTX is proposing a settlement to customers who withdrew more money from their accounts than they deposited in the 9 days before FTX filed […] The post FTX eyes return of $9 billion in customer funds through settlement proposal appeared first on CryptoSlate.

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Crypto platform approved to operate as Digital Asset Exchange in Malaysia

Hata's approval is the first DAX to attain digital broker status from the Securities Commission. Hata has obtained a money broker license from the Labuan Financial Services Authority. KualaThe post Crypto platform approved to operate as Digital Asset Exchange in Malaysia appeared first on AMBCrypto.

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BlackRock leverages JPMorgan’s new blockchain tools for instant collateral settlement with Barclay’s

BlackRock used tokenized shares from one of its money market funds as collateral in a derivatives transaction with Barclays, leveraging JPMorgan’s newly introduced Tokenized Collateral Network (TCN), a blockchain-driven collateral settlement platform, per a Bloomberg report on Oct.

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Elon Musk Believes Fiat Money is a Scam

Elon Musk recently called fiat currencies a "scam" on Twitter, despite his platform X planning fiat money transfers.

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Cardano stablecoin project gambled away investors’ money before rug: Report

Ardana claimed to be creating a stablecoin platform on Cardano, but new evidence suggests it may have lost investors’ money in bad crypto trades.

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Crypto Services Platform Chief: Asset Tokenization Is Transforming Money Systems

Central banks are facing a paradigm shift as on-chain T-bills and asset tokenization sweep through the crypto and financial world, according to Matrixport’s Benjamin Stani.  In an exclusive interview with Benzinga, Stani shed light on the transformative potential of these technologies, highlighting their role in democratizing yield and reshaping the cryptocurrency market. Stani explained that […]

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From Messages To Money: Telegram Unveils Integration With Crypto Wallet For 800 Million Users

Anthony Tsivarev, Director of Developer Relations at TON, has unveiled the integration between the crypto wallet and message app Telegram. During the Token 2049 event in Singapore, the Foundation behind the wallet revealed its cooperation with the social media platform.

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Elon Musk's X Has Licenses in Multiple U.S. States to Process Payments, Including Crypto

Elon Musk's social media platform X, formerly Twitter, has obtained money or currency transmitter licenses in seven U.S. states.

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Judge rules in favour of Uniswap in class action lawsuit

A US court has dismissed the class action lawsuit against crypto platform Uniswap. The suit alleged Uniswap users lost money in scam tokens on the platform,but the judge ruled you cannot sue software of provider of the software for crimes committed by third parties.

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Trade Reddit MOONS For Real Money: LBank Lists Moons Token

The popular Reddit cryptocurrency community token, MOON, will soon be tradeable on the exchange LBank according to a recent announcement. LBank revealed that MOON will launch on its platform on August 23rd at 08:00 UTC.

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TaskChain: Quest2Earn Web3 Project Announces Presale Launch

Today marks the beginning of the presale for TaskChain, a revolutionary Web3 project. This breakthrough occurs just before the launch of TaskChain’s revolutionary platform, which will revolutionize the way internet users make money.

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More Money For Creators: NFT Minting Platform Zora Initiates New Revenue Split

As the debate about creator royalty rages on, Zora has pledged to pay creators a portion of platform fees collected on every new free mint.

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How to Mitigate CRV Risk? Abracadabra Proposes 200% Interest Rate Hike

In a move to manage its exposure to risks associated with Curve DAO (CRV), Abracadabra Money, a cross-chain lending platform, has proposed hiking the interest rate on its outstanding loans...

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Crypto.com Secures Regulatory Approval from the Dutch Central Bank

Crypto.com, a leading cryptocurrency platform, has received registration approval from De Nederlandsche Bank (DNB), the Netherlands central bank. This approval comes in line with the countrys Money Laundering and Terrorist...

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Golteum Set For Long-Term Success After Fireblocks Integration

A new project is changing the face of the crypto market. Armed with a riveting presale success, this new token, Golteum (GLTM), is giving the big fries a run for their money.  The Golteum (GLTM) multi-asset project offers users a transparent and accessible platform for trading and ownership of precious metals and cryptocurrencies. With a […]

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First Mover Asia: Individual Wallets Holding 1 Bitcoin Hit All-Time High as BTC Maintains $30K

PLUS: Binance.US has a free money problem, but there's not enough trust in the platform to exploit it.

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Twitter receives money transmitter licenses in 3 US states

Twitter has recently obtained money transmitter licenses in Michigan, Missouri, and New Hampshire, as confirmed by Nationwide Multistate Licensing System database records. This development indicates the social media platform's intention to potentially expand into the realm of payment services.

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Twitter Scores Money Transmitter Licenses in 3 US States But Platform’s Future Teeters

Twitter has secured money transmitter licenses in Michigan, Missouri, and New Hampshire, allowing it to transfer funds as it aims to become an all-in-one app like China's WeChat. The post Twitter Scores Money Transmitter Licenses in 3 US States But Platform’s Future Teeters appeared first on BeInCrypto.

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Web3 Charity Teddy DAO is Raising Money Through Daily NFT Auctions

Teaming up with fundraising platform JustGiving, Teddy DAO will hold a daily auction of teddy bear NFTs, allowing the buyer to donate proceeds to a charity of their choosing.

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Bankrupt FTX Spends $120 Million In Two Months, Where Did The Money Go?

It has now been seven months since FTX exchange filed for bankruptcy after a massive bank run and billions of dollars worth of user and creditor funds are still stuck on the platform. As the bankruptcy unfolds, the exchange seems to be bleeding even more money with none of it going back to creditors. So […]

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$800K lost following Sturdy Finance security breach

Decentralized lending platform Sturdy Finance suffered a serious security breach earlier today that cost it 442 Ethereum (ETH), worth about $800,000. An unidentified hacker launched the attack, taking advantage of the system’s reentrancy vulnerability to control a flawed price oracle and steal money.

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BKEX suspends withdrawals amid money laundering probe

BKEX, a cryptocurrency exchange, has suspended withdrawals of user funds as it looks into claims that the platform was used for money laundering.

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BKEX freezes withdrawals amid money laundering probe

Crypto exchange BKEX suspended withdrawals after funds on its platform were used for money laundering, according to a May 29 statement. BKEX stated that its users’ funds were involved in money laundering, adding that it was cooperating with law enforcement agencies to gather evidence.

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BlockFi used customer money to buy $30M insurance, creditors claim

BlockFi said selling its cryptocurrency lending platform might not generate value for creditors.

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ADA Investors Lose Big as 80% out of Money, Shibarium Presents Updates for SHIB Army, BONE Trading Launches on This Crypto Platform: Crypto News Digest by U.Today

Keep an eye on the latest updates in the crypto industry with U.Today's news digest!

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Voyager promises to return funds to creditors despite Binance hurdle

Customers of the bankrupt crypto broker Voyager may be getting their money trapped in the platform in the coming weeks, shortly after Binance. US pulled out of an initial deal to purchase Voyager’s assets.

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Ex-OpenSea Exec Convicted of Wire Fraud, Money Laundering in Insider Trading Case

Nate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a New York court on Wednesday, according to a report from Reuters.

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Cosmos-based Nolus secures $2.5 million in pre-seed and seed funding to tackle inefficiencies in DeFi

To address inefficiencies in DeFi money markets, Nolus, an interoperable application on Cosmos, has obtained $2.5 million in pre-seed and seed funding. The recently completed $20 million valuation seed funding, which is supported, among others, by Dorahacks, Everstake, Cogitent Ventures, Token Metrics Ventures, and Autonomy Capital, will enable Nolus to finish building the platform’s technological […]

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Virgin Money Launches Digital Wealth Platform with Leverage from Leading Financial Services Facilitator FNZ

Coinspeaker Virgin Money Launches Digital Wealth Platform with Leverage from Leading Financial Services Facilitator FNZ Virgin Money has launched a digital platform that caters comprehensively to first-time and professional investors.

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