July 24, 2024
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Chinese Police Bust Underground Bank Running Illegal Crypto-Based Currency Operations

Chinese police in Panshi City, Jilin arrested six people for running an “underground bank” providing illegal crypto-based operations for clients. Chinese police identified what they called an “underground bank” providing illegal currency conversion services. The operators exploited crypto’s anonymity and ease of cross-border transfers to provide the service, China News Service reported. Chinese police arrested

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Binance In Talks With The Indian Government To Resume Operation In India

Binance is currently in talk with the Indian government to resume operation in India and to restore Indian access to its mobile application and website. However, the Indian government rejected Binance’s request to resume operations due to PMLA Compliance hurdles. The world’s largest crypto exchange, Binance, is in talks with the Indian government to restore

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VanEck To Cease Trading One Week After Spot ETF Approval

The VanEck Bitcoin Strategy ETF will cease trading spot ETF on January 30 due to a lack of investor interest and trading volume. Mutual fund and ETF provider VanEck has announced plans to delist the VanEck Bitcoin (BTC) Strategy ETF from the Chicago Board Options Exchange (CBOE) after January 30. The fund – which trades

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Genesis Global Trading To Exit And Cease Operation In New York

Genesis Global Trading, a prominent cryptocurrency firm, has settled with the New York Department of Financial Services (NYDFS). As part of the agreement, Genesis Global Trading will relinquish its authorization to carry out operations within the state. Genesis Global Trading To Pay $8 Million Fine In a January 12 statement, Genesis consented to pay the

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Core Scientific Steps Out From Bankruptcy, Began Operations With Robust Finances

Core Scientific Bitcoin mining firm is out of bankruptcy and should resume operations with $55 million secured from new financing if its Chapter 11 overhaul goes as mapped out. Core Scientific, one of the largest Bitcoin mining companies prior to its filing for bankruptcy, has closed a new $55 million equity offering as it prepares

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Malaysian Police Busts Illegal Crypto Exchange Suspected of USDT-Powered Money Laundering and Gambling Syndicate

In a significant operation, Malaysian authorities have successfully apprehended what they believe to be an illegal international cryptocurrency exchange operating with the support of USDT (Tether). The crackdown resulted in the arrest of forty individuals, shedding light on a network allegedly facilitating unauthorized trading activities and illegal online gambling. Malaysian law enforcement agencies, including the

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