Tag Archives: social

Singapore authorities have arrested 10 foreign nationals suspected to be involved in money laundering and forgery, among other illicit activities, and have seized or frozen cash, assets, and crypto worth over S$1 billion. While eight other suspects are on the run, the case could be considered one of Singapore’s largest money laundering crackdowns. Singapore Seizes Over $1B in Cash, Properties, and Assets The Singapore Police Force (SPF), in a Facebook post on August 16,...

Singapore Red Cross – a humanitarian aid and community services charity in the Asian city-state – allowed people to contribute to its cause via donations in digital currencies. The option became possible after a partnership between the organization and the crypto payment gateway Triple-A. ‘Coin a new Way to Give Today’ The charity entity revealed that individuals willing to make such donations can set an amount in fiat, and the system will automatically convert the sum into...

The US Commodity Futures Trading Commission said earlier this week that it had filed a complaint against four individuals and their unincorporated entity for operating a fraudulent project involving precious metals and digital assets. The alleged scam had over 14,000 customers at one point. The complaint was filed in the US District Court for the Middle District of Florida against Rene Larralde, Brian Early, Alisha Ann Kingrey, and Juan Pablo Valcarce. The group of four,...

Cryptocurrency company Voyager has reportedly transferred a significant portion of its holdings to Coinbase as part of its bankruptcy proceedings. The transferred assets include 1,500 $ETH, valued at approximately $2.77 million, and 250 billion $SHIB, worth around $2.7 million, bringing the total to approximately $5.5 million. Overall, $81.63 million worth of cryptocurrency has been identified in Voyager addresses, according to data from ArkhamIntel. The company is...

With the Bitcoin (BTC) network’s programmability and scalability still relatively limited compared to other blockchains, developers continue mulling over ways to push the protocol’s capabilities to its limits. One hotly debated idea comes from BIP 300 and BIP 301 – aka “Drivechains” – a soft fork proposal to allow Bitcoin to effectively scale through sidechains. In a blog post on Monday, analysts from BitMEX explored the benefits and tradeoffs of the proposal. BIP 300:...

Donald Trump’s latest public financial disclosure shows that he holds between $250,000 and $500,000 worth of Ethereum (ETH). Trump’s 2023 OGE financial disclosure documents, released recently, featured an item described as a “Cryptocurrency Wallet (Ethereum),” whose value the former President placed between $250,000 and $500,000. The content of the crypto wallet is likely tied to the sale of non-fungible tokens (NFTs) he launched in December 2022 after exiting the White...

Bitcoin continues to trade sideways, and the past 24 hours didn’t bring any deviation from the tight range between $29,000 and $29,500. Most altcoins are also quiet on Sunday, similar to how they performed on Saturday, except for RUNE and TON. BTC Boring at $29K The past few weeks went in a rather uneventful fashion for the typically more volatile crypto asset. This past Monday saw some movements as BTC dipped below $29,000 to mark a weekly low. However, it went on the...

Research conducted by the information service provider Bankinform estimated that many Russians are interested in the news surrounding the potential launch of a digital ruble. However, 32% are not in favor of such a monetary product, viewing it as some sort of scam. The world’s largest country by landmass has been among the most active on the CBDC scene. The pilot version, which will include testing with banks, businesses, and consumers, is expected to start in mid-August....

Digital asset platform Bakkt Holdings is refocusing on its cryptocurrency custody solutions due to recent market events and increased client interest. In a Q2 earnings report, Bakkt touted its “compliant and trusted” custody platform, citing the current need for multi-custodian access and self-custodial functionality due to clients’ difficulty in storing digital assets safely. Bakkt Renews Focus on Crypto Custody Bakkt Custody was a core part of the firm’s business before its...

American payment goliath Visa is exploring ways to facilitate payment of on-chain gas fees through the use of a Visa card. In a recent report, Visa’s Product Manager Mustafa Bedawala emphasized a challenge associated with cryptocurrency wallets faced by users which requires them to constantly manage their ETH balance to cover gas fees. The company is experimenting with an option to enable users to pay their on-chain gas fees directly in fiat money through card payments,...