Business

Chinese police expose $54M money laundering scheme involving USDT
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22 July, 2023

Chinese police expose $54M money laundering scheme involving USDT

A total of 21 suspects were arrested, with Chinese authorities seizing 40 mobile phones and nearly $30,000. All 21 individuals...
Bipartisan bill introduced in US to regulate DeFi and combat digital asset crime
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21 July, 2023

Bipartisan bill introduced in US to regulate DeFi and combat digital asset crime

The Crypto-Asset National Security Enhancement and Enforcement Act of 2023 will require decentralized finance (DeFi) services to abide by the...
North Korean hackers, fake pizza guys out to steal your tokens
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21 July, 2023

North Korean hackers, fake pizza guys out to steal your tokens

A state-sponsored North Korea hacking group reportedly broke into the systems of JumpCloud, a Colorado-based IT management firm that helps...
Australia revokes FTX subsidiary’s license
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21 July, 2023

Australia revokes FTX subsidiary’s license

Nine months after it imploded, ASIC revoked the FTX Australia license but will allow it to offer limited services for...
EU’s Web 4.0 plans can build on Web 3.0’s blockchain successes
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21 July, 2023

EU’s Web 4.0 plans can build on Web 3.0’s blockchain successes

The European Commission is throwing its hat into the ring to become “a world leader in Web 4.0 and virtual...
Digital asset regulation is incomplete, CFTC commissioner says
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21 July, 2023

Digital asset regulation is incomplete, CFTC commissioner says

Commissioner Kristin Johnson praises the CFTC's efforts to regulate the digital asset sector but stopped short by saying that current...
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