Singapore MAS Identifies High Money Laundering Risks in Crypto Tokens and Services

Singapore MAS Identifies High Money Laundering Risks in Crypto Tokens and Services

The Monetary Authority of Singapore (MAS) has published a new money laundering risk assessment report, designating crypto tokens and service providers as “high risk” within the financial sector. Rising Concerns over Crypto-Related Money Laundering The report highlights an increase in reported cases involving digital payment tokens (DPTs), illustrating various ways these tokens can be exploited ... Read more
Moscow Exchange Sanctions Prompt Increased Russian Interest in USDT – Survey

Moscow Exchange Sanctions Prompt Increased Russian Interest in USDT – Survey

Recent sanctions on the Moscow Exchange by Western powers appear to be driving increased interest among Russians in cryptocurrency assets such as USDT, according to a survey of traders and investors. The Russian media outlet RBC reported that 20% of respondents indicated a willingness to convert at least part of their savings to cryptoassets in ... Read more
MicroStrategy Acquires Additional $786 Million in Bitcoin Following Convertible Note Sale

MicroStrategy Acquires Additional $786 Million in Bitcoin Following Convertible Note Sale

Bitcoin development firm MicroStrategy has significantly increased its cryptocurrency holdings with the acquisition of an additional 11,931 BTC, announced on Thursday. This purchase raises the company's total Bitcoin reserves to 226,331 coins. Nearly 12,000 Bitcoins Added to MicroStrategy's Portfolio The latest acquisition, valued at $786 million, was funded through a recent convertible debt offering that ... Read more
Bitcoin ATM Scammer Imitating Chase Bank Thwarted by Texas Police Officer

Bitcoin ATM Scammer Imitating Chase Bank Thwarted by Texas Police Officer

A vigilant Texas police officer thwarted an ongoing scam, saving an elderly woman from depositing $40,000 into a Bitcoin ATM at the behest of a scammer impersonating Chase Bank. On June 19, the White Settlement Police Department (WSPD) reported the successful interception of the scam in progress. A concerned citizen alerted authorities after noticing the ... Read more
VanEck’s Bitcoin ETF Debuts on Australian Exchange with $1.3M Inflows on First Day

VanEck’s Bitcoin ETF Debuts on Australian Exchange with $1.3M Inflows on First Day

Investment management firm VanEck's first spot bitcoin exchange-traded fund (ETF) made a notable debut on the Australian Securities Exchange (ASX), attracting $1.3 million in inflows on its first day of trading. The ETF, trading under the ticker “VBTC,” launched with AUD 982.85K (approximately USD 655.56K) in assets and carries a management fee of 0.59%. This ... Read more
Bitcoin Price Prediction: Hedge Funds Cut Holdings, Putting BTC Under Pressure at $65,000

Bitcoin Price Prediction: Hedge Funds Cut Holdings, Putting BTC Under Pressure at $65,000

Bitcoin (BTC), the world's most established and valuable cryptocurrency, is experiencing pressure as its price hovers around $65,100, reaching an intraday low of $64,700. The selling pressure has intensified as cryptocurrency hedge funds have reduced their Bitcoin holdings to the lowest levels since October 2020. This downward trend is not limited to Bitcoin; major altcoins ... Read more
Bequant Launches Capital Introduction Platform for Crypto Hedge Funds and High-Net-Worth Individuals

Bequant Launches Capital Introduction Platform for Crypto Hedge Funds and High-Net-Worth Individuals

Bequant, a digital asset services firm, has unveiled a new capital introduction platform tailored for crypto hedge funds and high-net-worth individuals (HNWIs). This innovative platform will leverage Bequant's prime brokerage services to facilitate capital allocation to traders in conjunction with investors utilizing the platform. Designed specifically for crypto hedge funds and asset allocators such as ... Read more
Billionaire Andrew Forrest’s Crypto Ad Scam Lawsuit Against Meta to Proceed, Judge Rules

Billionaire Andrew Forrest’s Crypto Ad Scam Lawsuit Against Meta to Proceed, Judge Rules

Australian mining billionaire Andrew Forrest’s lawsuit against Meta Platforms, Inc. for hosting fraudulent crypto ads using his likeness will proceed, as U.S. District Court Judge Casey Pitts ruled on Monday against Meta’s attempt to dismiss the case. Andrew Forrest’s Lawsuit Against Meta Moves Forward In the court filing, Judge Pitts allowed Forrest’s claims of negligence ... Read more
IMF Survey: CBDCs Could Enhance Financial Inclusion in Middle East and Central Asia

IMF Survey: CBDCs Could Enhance Financial Inclusion in Middle East and Central Asia

The International Monetary Fund (IMF) recently conducted a comprehensive survey of 19 countries in the Middle East and Central Asia, focusing on the adoption and potential benefits of central bank digital currencies (CBDCs). The findings, released on Tuesday, highlight the significant role that CBDCs could play in promoting financial inclusion and improving the efficiency of ... Read more