Cryptocurrency Regulations

Shaping Crypto Transparency: US Bill Proposes Reporting Off-Chain Transactions

On September 28, U.S. Representative Don Beyer introduced the “Off-Chain Digital Commodity Transaction Reporting Act,” which mandates trading platforms to report all transactions to a repository registered with the Commodity Futures Trading Commission (CFTC). The new legislation aims to protect cryptocurrency investors from disputes, manipulation, or fraud potentially arising from transactions occurring off-chain or beyond […]

Cryptocurrency Regulations

UK’s FCA Issues Final Warning to Crypto Entities: New Regulations Looming

On October 8th, the UK Financial Conduct Authority (FCA) will begin implementing new regulations regarding the promotion of digital assets. In a final warning, the FCA is urging all crypto entities to adhere to these new policies once they come into effect. Lucy Castledine, Director of Consumer Investments at the FCA, stated that entities unable […]

Cryptocurrency scams

Crypto Whale’s $4.5 Million Loss: Unmasking the Elaborate Phishing Scam

A significant crypto holder has reportedly fallen victim to a staggering $4.46 million phishing scam. The incident involved the transfer of approximately $4.46 million worth of Tether (USDT) from a Kraken crypto exchange wallet to an address ending in “ACa7,” according to data from Etherscan. Blockchain security firm PeckShield has identified the destination address as […]


Revival of Dormant Ethereum Wallets: Crypto Comeback!

Ethereum Genesis Wallet Awakens After 8 Years, Transfers ETH to Coinbase In a surprising turn of events, a long-dormant Ethereum ICO participant has resurfaced and transferred 32.1 ETH to Coinbase. This wallet, seemingly associated with shemnon.eth (@shemnon), was originally part of Ethereum’s Genesis and initially received 200 ETH. This unexpected activity has captured the attention […]

Crypto Financial Compliance News

Rising Inflation Sparks Cryptocurrency Craze in Nigeria: How Bitcoin Offers Financial Refuge

Cryptocurrency is proving to be a real hedge against economic turmoil in many countries facing severe financial crises. Several nations, especially in Africa, including Nigeria, have witnessed a surge in the use of cryptocurrencies, particularly Bitcoin, as a smart way to safeguard their wealth. Data from Chainalysis reveals that Nigeria, one of Africa’s largest economies, […]

Crypto News

South Korean Police Arrest 312 in Crypto-powered Drug Trading Busts

South Korean police are stepping up their crackdown on crypto-powered drug trafficking, and have made 312 arrests in a wide-sweeping narcotics bust. The broadcaster KBS reported that the arrests were carried out by the Seoul Metropolitan Police Agency’s Drug Crime Investigation. The suspects were charged with violating the Narcotics Control Act. Police said the suspects were thought to have bought […]

Crypto News

Researchers Deploy AI to Uncover Crypto Giveaway Scam Schemes on Twitter

Researchers at San Diego State University have developed an artificial intelligence (AI) system to detect and expose cryptocurrency giveaway scams on Twitter.  Dubbed GiveawayScamHunter, the automated system has identified a staggering 95,111 scam lists created by 87,617 accounts on the social media platform between June 2022 and June 2023. By using GiveawayScamHunter, the researchers were able to extract website and […]


Vitalik Buterin, the founder of Ethereum, expresses his “bad” feelings about the way American regulators are treating Solana.

In a recent statement, Ethereum founder Vitalik Buterin expressed his concerns and sympathy for how Solana, a popular blockchain platform, is being treated by U.S. regulators. Buterin acknowledged feeling “bad” about the situation, highlighting the challenges faced by innovative projects in navigating regulatory frameworks. Buterin’s empathy stems from his own experiences in building Ethereum, which […]