Hospitality worker jailed for $2.5B Bitcoin laundering scheme

May 29, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

The authority’s suspicion was based on Wen’s change in lifestyle. In 2017, she reportedly moved to a six-bedroom mansion in North London.

The first 100,000 Jamaican citizens to use the country’s new central bank digital currency (CBDC) known as Jam-Dex, will be given a free $16 payment in the hopes of promoting widespread adoption. Jamaican prime minister Andrew Holness first announced the news in a Facebook post on Thursday. The post received a mixed response as some Facebook…

Thai crypto business to get liquidity boost following new regulations

Securities firms in Thailand are now authorized to count crypto as capital funds. 420 Total views 1 Total shares Thailand’s Securities and Exchange Commission has revised its net capital rules regarding digital assets.According to a Nov. 18 report by The Bangkok Post, the Thai SEC now allows firms dealing with digital assets to include the…

North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN

North Korea has netted around $2 billion by hacking banks and cryptocurrency exchanges, according to the United Nations (U.N.).UN: Hacked crypto funds weapons of mass destructionIn a confidential report acquired by mainstream media outlets including Reuters on Aug. 5, the U.N. Security Council North Korea sanctions committee said that hackers formed an essential part of…

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Bitcoin whales snapped up $4.3B of BTC amid price slump

Bitcoin whales haven’t accumulated this much Bitcoin over a 30-day period since April 2023, shortly after several local banks in the United States collapsed.

Vitalik Buterin proposes metrics to measure ‘Ethereum alignment’

Ethereum-based projects should have metrics to strive toward to ensure they are collectively “building something that feels like one Ethereum ecosystem.”

Fed’s Waller supports rate cut pause while inflation plays out

Fed Governor Christopher Waller says January had uneven progress on inflation, but if the year plays out similar to 2024, rate cuts could be on the cards later this year.

Grin network hit with 51% attack while GRIN token remains resilient

An unknown mining group currently controls more than half of the Grin blockchain’s hashing power. 486 Total views 12 Total shares Grin, a privacy-focused cryptocurrency built on the Mimblewimble protocol, has just suffered a 51% attack on its blockchain.According to a Nov. 7 tweet from crypto mining group 2Miners, an unknown group accumulated 57.4% of…

Bitcoin Price Drops to 2-Week Low After Sell-Off Triggers $800 Correction

Bitcoin’s struggle to reclaim $10K came to an abrupt end as the price abruptly dropped to $9,100. 1400 Total views 13 Total shares Bitcoin (BTC) fell to a two-week low today as ranging price action below $10,000 gave way to fresh bearish behavior.Cryptocurrency market daily overview. Source: Coin360BTC price drops 8% to test $9,000Data from…

Aave and Chainlink hit new highs as Bitcoin price fights to hold $32K

Chainlink and Aave soared to a new all-time high as Bitcoin bulls struggle to hold BTC price above $32,000. 1212 Total views 16 Total shares Bitcoin (BTC) price opened the weekend trapped within the $33,500 to $32,000 range but at the time of writing the digital asset is struggling to hold above $32,000. A few analysts…

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