Crypto advocates file brief against SEC's investor tracking database
The Consolidated Audit Trail would gather a monumental amount of data, and more than it is meant to when it exposes the identity of crypto wallet holders.
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Malta regulator fines OKX crypto exchange $1.2M for past AML breaches
MiCA-licensed OKX has significantly improved its compliance efforts in the past 18 months, but the Maltese regulator said it could not ignore its past “systematic” Anti-Money Laundering failures. 987 Total views 2 Total shares Cryptocurrency exchange OKX is under renewed regulatory scrutiny in Europe after Maltese authorities issued a major fine for violations of Anti-Money

DeFi attacks are on the rise — Will the industry be able to stem the tide?
The decentralized finance (DeFi) industry has lost over a billion dollars to hackers in the past couple of months, and the situation seems to be spiraling out of control.According to the latest statistics, approximately $1.6 billion in cryptocurrencies was stolen from DeFi platforms in the first quarter of 2022. Furthermore, over 90% of all pilfered…

Twitter bids adieu to Bluebird as Elon Musk rebrands platform to X
Musk said in a recent interview that if done right, X has the potential to become half of the global financial system. 441 Total views 5 Total shares The popular social media platform Twitter officially rebranded to X after months of teasing by its former CEO, Elon Musk. The rebranding saw the popular social media…

Crypto trading volume slumps, signaling market exhaustion: Analysis
Crypto market trading volume has declined by more than 50% since February, when it was at its highest levels this year. Crypto trading volumes and dwindling digital asset prices are flashing signs of trader exhaustion and potentially weaker market momentum, according to analysts. Crypto-wide trading volume has been dropping since it peaked in February amid

BlockFi confirms July start for interim crypto distributions
BlockFi clients are to note that client communications will exclusively occur via official email channels.

Israeli Citizen Accused of Stealing Over $1.7 Million in Crypto
Eliyahu Gigi, a 31-year-old from Tel Aviv, has been charged with stealing over $1.7 billion in a variety of cryptocurrencies. Gigi allegedly stole BTC, Ethereum, and Dash from users in the Netherlands, Belgium, and Germany. Lawyer Yeela Harel of the cyber department in the State Attorney's Office filed charges against Gigi on July 17, according to…

Argentine lawmakers back Milei probe in Libra crypto scandal
Argentina’s Chamber of Deputies voted to launch an investigation into President Javier Milei on allegations he promoted the Libra memecoin scam. Lawmakers in Argentina’s Chamber of Deputies backed an investigation into President Javier Milei’s alleged involvement in the Libra (LIBRA) cryptocurrency scandal. According to an April 8 report by local news outlet Buenos Aires Times

Touch and smell comes to the metaverse, Nifty Newsletter, Jan 4–10
In this week’s newsletter, read about how the metaverse may integrate touch and smell. Check out how the nonfungible token (NFT) project Moonbirds plans to become a global brand and how NFT marketplace Magic Eden will refund users affected by a recent exploit. In other news, find out how NFT image hosting issues can be…