Justice Department Moves to Claim a Record $225 Million Linked to ‘Pig Butchering’ Crypto Scams
Simply put The U.S. federal government has moved to seize $225.3 million in USDT, which is Tether’s dollar-pegged stablecoin. This particular cryptocurrency is linked to what’s known as “pig slaughter” or confidence fraud. Tether collaborated with the U.S. Secret Service to facilitate these seizures. On Wednesday, officials revealed they filed to seize a significant amount […]
Hackers supporting Israel claim responsibility for $90 million theft from Iran’s biggest crypto exchange.
Hackers have reportedly stolen approximately $90 million from Iran’s largest cryptocurrency exchange recently, according to several independent tracking firms in the crypto space. A well-known pro-Israel hacking group, referred to as “predatory sparrows,” has been launching cyberattacks apparently aimed at further destabilizing Iran during a time of military actions from Israel. In a message posted […]
Are Criminals Actually Moving from Crypto to Gold for Money Laundering?
Simply put British gangs are using gold coins, bars, and grains to conceal the money made from drug trafficking. Experts have raised concerns about gold’s appeal during a shift to cashless transactions, noting that data on its criminal use is largely anecdotal. Unlike cryptocurrencies, which are traceable, gold’s lack of transparency makes it harder to […]
Healthcare firm hires Trump’s crypto advisor, acquires $20 million in Bitcoin.
Bitcoin Reserve Strategy in Healthcare A group of individuals who backed former US President Donald Trump is now joining the advisory board of healthcare companies that are developing a Bitcoin Reserve Strategy. In an announcement made on Wednesday, Prenetics—a health services firm with bases in Hong Kong and the US—revealed plans to invest $20 million […]
Hackers Tied to Israel Attack Iranian Crypto Exchange Nobitex
Security Breach at Iranian Cryptocurrency Exchange Nobitex Nobitex, a cryptocurrency exchange based in Iran, has reportedly experienced a significant security breach, leading to the theft of over $81 million in digital assets. A group of hackers, claiming to have connections to Israel, has taken responsibility for this attack. The incident, revealed in a Telegram post […]
Ways to discover the top crypto presales
Exploring the Pre-Sale Crypto Landscape Cryptocurrency, often promoted as a lucrative investment, has surfaced across various platforms in recent times. An emerging project gaining attention is The best wallet. It aims to connect its value to a developing wallet ecosystem while rewarding active users. Sami Andreani, CFO of Oppizi, a startup based in New York […]
Senate approves GENIUS stablecoin legislation, marking a significant victory for the crypto industry.
The Genius Act Passes in the Senate The Senate approved the Genius Act on Tuesday, marking a significant step in regulating the issuance of digital currencies in the United States. This new legislation sets the first federal guidelines around what are called “stubcoins,” which are tied to the US dollar and permits private firms to […]
Senate approves stablecoin regulations in significant crypto development
On Tuesday, the Senate approved a significant piece of legislation aimed at providing a regulatory framework for payment stability in the cryptocurrency sector. Lawmakers voted 68-30 in favor of the Genius Act, which aims to set rules for dollar-backed cryptocurrencies. This marks a notable achievement, as it’s the first time a major crypto-related bill has […]
Ways conservatives can take charge of reforming crypto regulations
People often think that conservative ideas are relics of the past. In reality, they have a vital role to play today. As discussions about cryptocurrency regulations unfold, such as those from the House GOP, there’s a chance to infuse these timeless principles into the dynamic landscape of the 21st century. Cryptocurrency and decentralized finance embody […]
Senate likely to approve crypto bill without considering Trump’s investments
Senate Set to Approve Stubcoin Regulation WASHINGTON (AP) — The Senate seems ready to pass a bill regulating stubcoin, a specific type of cryptocurrency, this Tuesday. The legislation is moving quickly to the House for potential amendments, particularly in light of the 2024 campaign season when the crypto sector has become one of the top […]