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  • Market Cap: $2,280,595,585,652.97
  • 24h Vol: $53,333,871,128.55
  • BTC Dominance: 56.59%

News Bytes – 2

bahamas-enacts-digital-assets-and-registered-exchanges-act

Bahamas Enacts Digital Assets and Registered Exchanges Act

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The Bahamas has enacted the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), establishing itself as a leader in digital asset regulation. Announced by the Securities Commission, DARE 2024 builds on the DARE Act, 2020, introducing significant reforms to address the evolving digital asset landscape. Christina Rolle, Executive Director of the Securities Commission, emphasized […]

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cftc-warns-of-follow-on-frauds-targeting-victims-multiple-times

CFTC Warns of Follow-on Frauds Targeting Victims Multiple Times

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The Commodity Futures Trading Commission (CFTC) warns about repeated fraud targeting victims multiple times, often by the same criminals. Common fraud types include relationship crypto frauds, also known as “pig butchering,” where scammers form online relationships, encourage investments in bogus crypto trading schemes, and then steal funds. Victims often face additional scams, such as fraud-recovery

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bank-of-england-pushes-for-swift-digital-payment-solutions-as-cash-usage-drops

Bank of England Pushes for Swift Digital Payment Solutions as Cash Usage Drops

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The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow direct payments from bank accounts, bypassing credit and debit cards, to save time and costs for consumers and retailers. The British central bank is developing

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slovenia-launches-first-digital-bond-in-eu-sovereign-history

Slovenia Launches First Digital Bond in EU Sovereign History

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On July 25, 2024, Slovenia issued its first digital bond, marking a significant milestone as the first EU sovereign and one of the earliest worldwide to do so. The bond issuance occurred under the European Central Bank’s (ECB) wholesale central bank money settlement experimentation program. The settlement was executed on-chain in wholesale central bank digital

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hong-kong-regulator-warns-against-proxinex-for-suspected-virtual-asset-fraud

Hong Kong Regulator Warns Against Proxinex for Suspected Virtual Asset Fraud

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The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning regarding Proxinex, an entity suspected of virtual asset-related fraud. Investors have encountered issues withdrawing virtual assets from Proxinex, later being informed that their accounts were nonexistent. The SFC suspects Proxinex enlisted an agent to attract investors through dating apps, possibly using

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el-paso-man-fined-$31m-for-forex-and-crypto-fraud

El Paso Man Fined $31M for Forex and Crypto Fraud

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A federal court has ordered Abner Alejandro Tinoco and his company, Kikit & Mess Investments LLC, to pay over $31 million for forex and cryptocurrency fraud. The order includes $6.2 million in restitution, $6.3 million in disgorgement, and an $18.8 million civil penalty. Tinoco and his firm defrauded 199 victims by misusing over $7.2 million

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treasury-secretary-yellen-refutes-economist-nouriel-roubini’s-allegations-of-financial-manipulation

Treasury Secretary Yellen Refutes Economist Nouriel Roubini’s Allegations of Financial Manipulation

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U.S. Treasury Secretary Janet Yellen has denied claims by economist Nouriel Roubini and former Trump administration official Stephen Miran that the Treasury manipulated the issuance of securities to lower real borrowing costs. Yellen assured in a Bloomberg interview that no such strategy had ever been discussed or implemented. Roubini and Miran’s paper argued that Treasury

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fbi-seizes-cryptocurrency-linked-to-north-korean-ransomware

FBI Seizes Cryptocurrency Linked to North Korean Ransomware

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A grand jury in Kansas City indicted North Korean national Rim Jong Hyok for his role in a conspiracy involving ransomware attacks on U.S. hospitals and healthcare providers. The group laundered cryptocurrency proceeds and used the funds for further cyber intrusions into global defense, technology, and government entities. The ransomware attacks disrupted patient care and

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georgia-man-sentenced-to-prison-for-cryptocurrency-computer-fraud

Georgia Man Sentenced to Prison for Cryptocurrency Computer Fraud

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Steven Drawdy, 40, of Grovetown, Georgia, has been sentenced to 32 months in U.S. prison for wire fraud after defrauding over 40 customers in a cryptocurrency computer scheme. Drawdy, who participated in an online cryptocurrency discussion forum, received more than $1.1 million from victims between August 2021 and April 2022, promising to deliver cryptocurrency mining

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washington-regulator-warns-of-miami-equity-fund-005-crypto-fraud

Washington Regulator Warns of Miami Equity Fund 005 Crypto Fraud

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The Washington State Department of Financial Institutions (DFI), Securities Division, has warned about crypto investment fraud following a complaint from a resident regarding their investment in the Miami Foundation Equity Fund 005 (or Miami Equity Fund Institute 005). The investor had deposited funds on the now-inaccessible Vims.one platform through a Whatsapp group led by “Mark”

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