Mar 21 2023
Anchorage Digital announced the layoff of 20% of its workers due to the crypto winter and regulatory uncertainty in the US. This is the latest development in a series of events that have affected both the banking and the crypto industry as a whole. 2023 has been marked by the closures of three major banks …
Mar 18 2023
Proposed law would require NGOs and media outlets who receive more than 20% of their funding from abroad to register as “agents of foreign influence” They would also have to submit annual financial statements, facing fines of roughly US$9,400 and scrutiny from the Ministry of Justice for failure to comply. The proposal is seen as …
Mar 18 2023
Rio Tinto paid $10.5 million to a friend of former Guinean President Alpha Condé to retain globally important iron ore rights. The SEC found that the consultant in the middle of the scandal paid $200,000 to buy T-shirts for Condé’s re-election campaign, soon after receiving his first payment from Rio Tinto. While the settlement anonymises …
Mar 17 2023
The Commodity Futures Trading Commission (CFTC) announced the addition of key industry members to the newly constituted Technology Advisory Committee (TAC) The agency has appointed White House official Carole House as the new chair, while blockchain analysis company TRM Labs’ Ari Redboard has been onboarded as the vice chair. The TAC will be joined by …
Mar 16 2023
Dumitru Gheorghe and his wife Maria were under FBI surveillance when he was tagged in a photo posted on Facebook in August 2021. They were arrested a month later. In his affidavit, the FBI agent who tailed the couple described them as “professional, international criminals” and members of the Riviera Maya Gang. The organized crime …
Mar 15 2023
Six executives of the cryptocurrency Ponzi scheme AirBit Club have pleaded guilty for their roles in an internationally coordinated series of fraud and money laundering charges. This includes co-founders Pablo Renato Rodriguez and Gutemberg Dos Santos, their attorney Scott Hughes, and AirBit promoters Cecilia Millan, Karina Chairez, and Jackie Aguilar. US Attorney Damian Williams said …
Mar 15 2023
Lendhub, a relatively small cross-chain crypto lending platform operating on HECO, was exploited to the tune of $6 million dollars earlier this January. The attack was carried out due to a poorly-executed removal of a deprecated IBSV cToken. Its replacement, which was already active, had an identical price point at the time, which the unknown …
Mar 15 2023
Hive said hedging its energy contracts, selling power back to the grid, and optimizing its operating capacity to focus on maximum profit per KWHR helped it realize a profit from mining operations in the third quarter of 2022. During this period, it reportedly mined 787 Bitcoin, with a 25% Gross Mining Margin representing $3.62 million …
Mar 15 2023
Nearly 9,861 BTC (worth $217 million) seized from the Silk Road hacker have been sent to the crypto exchange. Bitcoin is currently facing significant sell pressure after dropping below a critical area of support to $22,018. The transfers have sparked concerns about a sell-off primarily because such an activity could point towards a potential sale …
Mar 13 2023
The U.S. Department of the Treasury announced Wednesday that it hadthree entities and two individuals for illicitly generating revenue in support of the North Korean government. Chilsong, which reports directly to the Supreme Leader Kim Jong-un’s regime, accumulates foreign currency, collects intelligence, and provides cover statuses for intelligence operatives, authorities said. Paekho, also a subordinate …