Author: Coindesk
Enter Huione Guarantee. It’s an online marketplace managed by a Cambodian conglomerate where anyone can post offers to buy, or sell, just about anything – including crypto. The marketplace only acts as a facilitator; other than moving money around, it doesn’t regulate who is getting the money, or where they got it from. Read the full article here
The report, released Wednesday, highlights why law enforcement authorities worldwide have concerns about the growing use of crypto ATMs, which take fiat currency and send crypto to the desired digital wallet. In 2023 alone, 79% of all illicit cash-to-crypto tranfers, over $30 million, went to known scam addresses through cash-to-crypto services. Read the full article here
Scammers impersonating Mudrex employees on messaging service Telegram would lure retail investors by promising rewards and work opportunities if they performed certain tasks, including writing Google reviews. They also used fake websites under the Mudrex name and “invited the general public to invest on these websites, collecting monies from them illegally and frequently,” the court order said. Read the full article here
“The tokenization of the eBL, a critical document underpinning global trade and serving as a means of legally transferring the title of goods, will for the first time pave way to the securitization of global physical shipping flows,” GSBN said in an emailed statement. Read the full article here
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Institutional and retail ownership of spot bitcoin ETFs was little changed from the first quarter, with retail holding about 80%, the bank said, adding that “most of the new spot bitcoin ETFs were likely bought by retail investors since their launch, either directly or indirectly via investment advisors. Read the full article here
“The almost total absence of response from Telegram to the judicial requisitions was brought to the attention of the cybercrime section (J3) of the JUNALCO (National Jurisdiction for the Fight against Organised Crime, within the Paris prosecutor’s office), in particular by the OFMIN (National Office for Minors),” the release said when translated from French. “When consulted, other French investigation services and public prosecutors as well as various partners within Eurojust, particularly Belgian ones, shared the same observation. This is what led JUNALCO to open an investigation into the possible criminal liability of the managers of this messaging service in the…
On Wednesday local time, Durov was indicted in a French court on charges related to enabling illicit transactions and child exploitation on the platform, failing to cooperate with police and providing encryption services without controls, following his recent arrest near Paris, among other charges. Read the full article here
Adding to earlier losses alongside a broad crypto decline begun Tuesday evening U.S. hours, Blur (BLUR) fell another 5% in the minutes following the news before a modest bounce. It’s now down 10% over the past 24 hours. Tensor (TNSR), a Solana-based NFT marketplace aggregator, also traded 3% lower. The token’s price was down nearly 9% over the past 24 hours. The broader CoinDesk 20 Index was lower by 4% over the same time frame. Read the full article here
In his post, Youssef included a letter in Hebrew from Paul Landes, head of Israel’s National Bureau for Counter Terror Financing, together with a translation. The letter rejects an appeal against a seizure order dating from Nov. 1, 2023, and says funds were transferred from the Dubai Exchange Company in the Gaza Strip to cryptographic wallets “yours among them.” The letter doesn’t identify the recipient. The Dubai Exchange Company was designated a terror organization in 2022, it says. Read the full article here