This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Tornado Cash Resurfaces With $50 Million Laundered September
Blockchain data firm SpotOnChain revealed that bad actors have been using the sanctioned crypto blending service Tornado Cash extensively this month to launder stolen funds. Tornado Cash, a crypto blending tool that conceals transaction details, continues a preferred platform for cybercriminals intending to obscure illicit funds…[continue reading]
2) Musk suggests government involvement with cryptic meme
Elon Musk has prompted supposition regarding the possibility of him serving as the head of a new government agency in the event that former President Donald Trump returns to the Oval Office following the November 2024 election. Musk, in his characteristic manner, suggested the concept through a meme on the social media platform X. The meme contained a double-entendre that referenced both politics and cryptocurrency…[continue reading]
3) Famous Telegram game Hamster Kombat Facing Ban Issues
The game has built up an immense following, particularly in regions such as India, Pakistan, and Russia, where it has established a devoted community of players who are anxious to participate in its interactive and dynamic gameplay…[continue reading]
4) Binance Kazakhstan receives authorization to operate
The AFSA has granted formal consent for the complete operation of the Binance Kazakhstan license. The Astana Financial Services Authority has granted Binance formal consent to obtain a complete regulatory license…[continue reading]
5) Samsung Funds Soneium Co-Developer Startale Labs
Startale Labs has become a critical participant in addressing some of the most pressing challenges that the Web3 ecosystem is currently confronting. The organization provides fundamental infrastructure and tools that facilitate the development and deployment of smart contracts and dApps. Samsung made an investment in Startale Labs due to its innovative strategy for overcoming the obstacles to Web3 adoption…[continue reading]
6) Russian Industrial miners produced 54,000 BTC in 2023
The Russian Treasury will receive a substantial multi-million-dollar tax revenue from Bitcoin miners, according to the president of the Industrial Mining Association. Russian industrial actors in the Bitcoin mining sector mined 54,000 BTC last year, according to remarks made to the Izvestia newspaper by Sergey Bezdelov, president of the Industrial Mining Association…[continue reading]
7) The Zurich Cantonal Bank has initiated the trading of Bitcoin and Ethereum
The bank collaborated with Crypto Finance, which is licensed by both Switzerland’s FINMA and Germany’s BaFin, to initiate this process. In addition, ZKB has implemented its own crypto custody system and is collaborating with Fireblocks to guarantee it functions seamlessly…[continue reading]
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