Crypto Scam

U.S. authority charges 2 Russians for allegedly stealing $17 million worth crypto.

The U.S. Treasury Department has unveiled sanctions against two Russian nationals whom it alleges stole close to $17 million in cryptocurrencies in a sophisticated phishing campaign. In a separate indictment, the Department of Justice charged the two with aggravated...

France and Italy regulators continue to crack down on crypto scams – a report by Saumil Kohli.

France’s top financial regulator has published a new list of investment websites that are not authorized to operate within the country, including the so-called digital asset service providers (DASPs). One of the firms that came under the spotlight of...

Blockchain Capital becomes the latest member of the Libra Association – a report by Saumil Kohli.

The Libra Association announced that Blockchain Capital has become the latest member to join the organization behind the Libra project. Blockchain Capital is a reputed blockchain company with a bunch of experts and a good network. Its leverage network...

European Union will introduce crypto-asset regulations by 2024 – a report by Saumil Kohli.

According to the Reuters report, the European Union will introduce new rules within four years to make cross-border payments quicker and cheaper using blockchain and crypto-assets like stablecoins. The European Commission is due to set out its strategy for...

Abkhazia’s government blames crypto mining for the rising energy crisis in the region – a report by Saumil Kohli.

According to the Jam News report, government's year-old ban on crypto mining has not been respected nor enforced by the local authorities, with crypto miners continuing to take advantage of the area's low energy costs. The director of operational...

Wirex plans to release a multi-currency crypto card with the support from Mastercard – a report by Saumil Kohli.

Wirex is a London-based crypto payment processor and is regulated by the U.K.’s Financial Conduct Authority, with a license to issue crypto cards in Europe. The crypto company became the first platform in the industry to be granted a...

The US CFTC files a complaint against four individuals for soliciting funds to speculate in BTC – a report by Saumil Kohli.

he US financial regulator Commodity Futures and Trading Commission recently announced that it had filed a complaint in a United States court against four individuals for alleged fraudulent soliciting of funds from customers to speculate in Bitcoin price movements....

Japanese crypto exchange Fisco sues Binance for allegedly facilitating the laundering of $9 million – a report by Saumil Kohli.

Crypto exchange giant Binance is being sued in a U.S. court by Japanese crypto exchange Fisco for allegedly facilitating the laundering of more than $9 million of stolen cryptocurrency. Fisco filed a complaint in the Northern District Court of...

Ripple accuses YouTube of being “wilfully blind” and allowing XRP scams – a report by Saumil Kohli.

The blockchain payment giant Ripple Labs had sued YouTube in April this year, accusing it of federal trademark law violation for not stopping the hundreds of XRP scams. These scams used the company's images and names and CEO Brad...

The US has blacklisted 23 crypto addresses allegedly linked to the election meddling – a report by Saumil Kohli.

The US Treasury Department blacklisted 23 digital currency addresses, which it claimed were used to fund the operation of election interference. The department has also added four Russia-linked individuals to its sanctions list in connection with their alleged involvement...

Latest News

The Bermuda Stock Exchange approves Bitcoin ETF.

The Bermuda Stock Exchange (BSX) announced last week that it had approved the Hashdex Nasdaq Crypto Index ETF on...

ECB President says digital euro will not be a substitute for cash.

Speaking at an online meeting of the Franco-German Parliamentary Assembly, ECB President stated that the bank was exploring "the benefits, risks and operational challenges" of a...