Author: Crypto News

Last updated: May 14, 2024 08:06 EDT | 2 min read Alexey Pertsev, the developer behind Tornado Cash, has been convicted of money laundering by a Dutch judge at the s-Hertogenbosch court.The trial followed an indictment that stated Pertsev had engaged in a pattern of money laundering between July 9, 2019, and August 10, 2022.The prosecution argued that Pertsev should have had suspicions about the illicit origins of transactions on the Tornado Cash platform. Tornado Cash dev Alexey Pertsev found guilty of money laundering by Dutch court This decision is very dangerous because Pertsev only developed an open source tool…

Last updated: May 14, 2024 07:59 EDT | 2 min read Adopting a potential digital euro won’t displace the Swedish krona, Sweden’s central bank said.In a staff memo published Tuesday, the Sveriges Riksbank indicated it sees potential benefits for Sweden in the digital euro. It highlighted the possibility of a more robust and competitive payment system.The bank added that there may be a small shift away from traditional bank deposits. However, the Riksbank believes any impact will be limited due to the proposed cap on individual holdings of digital euros.Using the digital euro might extend beyond the eurozone. While it’s…

Last updated: May 14, 2024 06:45 EDT | 3 min read DOGE has gained by 4% in the past 24 hours, with the Dogecoin price racing to $0.1504 after the return of GameStop trader ‘Roaring Kitty’ to X sent meme coins flying yesterday.Dogecoin is now up by 8.5% in a fortnight but down by 4.5% in a month, with the alt sitting on a 108% increase in the past year.The online return of Roaring Kitty – whose real name is Keith Gill – not only pushed GameStop’s stock up by close to 75% in a day, but has boosted various…

Last updated: May 14, 2024 05:36 EDT | 2 min read TRLab’s Audrey Ou’s exploration into the future of digital art, NFTs, and technologyAudrey Ou, CEO and co-founder of TRLab is a frequent speaker on fine art NFTs and an Ivy League graduate of Princeton University and Columbia University. She is steering the TRLab platform towards thinking about the future of fine art as it evolves with the development of technology.NFTs, or Non-Fungible Tokens, are unique digital tokens. Each token has a specific identity and value. Because of that, Ou immediately identified the potential of blockchain technology in the art…

Last updated: May 14, 2024 04:46 EDT | 1 min read Animoca Brands Japan and Quidd will launch digital collectibles of the popular manga “FAIRY TAIL.”According to a press release shared with Cryptonews.com, the Japanese subsidiary of Animoca Brands’ new collectibles will feature 29 characters from the series, including Natsu, Lucy, and Happy. The collection will be available on Quidd, starting from 5 p.m. EST on May 24, 2024.Key scenes from the series have been chosen and turned into art cards under the guidance of FAIRY TAIL author Hiro Mashima, and are available in various rarities.Animoca Brands’ NFT Platform in…

Last updated: May 14, 2024 03:16 EDT | 1 min read The Commodity Futures Trading Commission (CFTC) is warning against “money mule” scams targeting remote job seekers.On Monday, the regulator said people seeking work-from-home opportunities should be on the lookout for these deceptive schemes.According to Melanie Devoe, director at the Office of Customer Education and Outreach (OCEO), summer job seekers, drawn to part-time online work, could be especially vulnerable to scams. However, they end up risking jail time as unwitting money mules for criminals, she said.Work-From-Home Scam Turns into Money Laundering NightmareCriminal organizations are actively recruiting networks of people to…

Last updated: May 14, 2024 02:07 EDT | 2 min read Coinbase, one of the leading cryptocurrency exchanges in the United States, is grappling with a “system-wide outage” that has rendered its services inaccessible to users on both desktop and mobile platforms.The exchange officially announced the outage on its status page, alerting users to a “major outage” that began at 4:15 am UTC on May 14.As a result, attempting to visit the Coinbase website currently displays a “503 Service Temporarily Unavailable” error message.“Coinbase experiencing a system wide outage. We are investigating this issue. Your funds are safe,” the message on…

Last updated: May 14, 2024 01:41 EDT | 2 min read The number of new Runes etched on Bitcoin daily has experienced a drastic decline, falling below 250 for the past six days.The drop is particularly notable, with only 157 Runes etched on Monday, marking a staggering 99% decrease from the peak witnessed in late April, according to a Dune Analytics dashboard created by RUNES.IS.The decline follows a highly successful period that occurred a week after the launch, during which an average of 14,700 new Runes were etched each day between April 26 and 30.This impressive streak included a record-setting 23,061…

Last updated: May 14, 2024 00:44 EDT | 2 min read The Commodity Futures Trading Commission (CFTC) has reached a settlement with Falcon Labs, Ltd., a Seychelles-based entity, for operating as an unregistered futures commission merchant (FCM) and facilitating access to digital asset exchanges without proper registration.CFTC Settlement Terms and Fines Against Falcon .@CFTC Issues Order Against #Crypto Prime Brokerage Firm for Illegally Providing U.S. Customers Access to Digital Asset Derivatives Trading Platforms: https://t.co/UeKHaNsXzi — CFTC (@CFTC) May 13, 2024Under the settlement terms, Falcon Labs must cease acting as an unregistered FCM, particularly in providing US individuals access to digital…

Last updated: May 13, 2024 23:00 EDT | 2 min read South Koreans who received airdrop tokens and prizes from the Bithumb crypto exchange from 2018 to 2021 could face unexpected tax bills.Per Hanguk Kyunjae, Bithumb said on May 10 that it would foot the bill for customers who have been ordered to pay taxes on the giveaways.However, the exchange wants to challenge the National Tax Service (NTS)’s decision to retrospectively tax its customers.Bithumb Airdrop Events Hit Hitch?Bithumb customers have been told to pay a combined total of around $30 million in taxes as a result of winning airdrop prizes…