UK Operator Pleads Guilty On Crypto ATM Money Laundering
In a remarkable case, Olumide Osunkoya is the first individual in the United Kingdom to plead guilty to operating a crypto ATM violating the law. In Westminster Magistrates’ Court, the 45-year-old Londoner pleaded guilty to possessing illicit property, fabricating a document, and operating crypto-ATMs without registration. FCA Issues Warning: Crypto ATM Transmit Money to Criminals […]
Why Is Bitcoin Price Declining?
Several factors, including a weighty macro week in the United States and geopolitical tensions in the Middle East, contributed to the over 3% decline in Bitcoin price today. In anticipation of a significant macroeconomic week in the United States and geopolitical tensions in the Middle East, investors engaged in panic selling, resulting in a more […]
Spot Bitcoin ETF Inflows Surpass $1 Billion This Week
The demand for the US spot Bitcoin ETF market has increased due to the Federal Reserve’s rate reduction and BlackRock’s increased BTC holdings. The US spot Bitcoin ETF market has been rapidly heating up in response to the Fed rate cut announcements as institutions scramble to secure their share of BTC. BTC ETF inflows reached […]
FBI Recovers $6M from Crypto Scammers Targeting US Citizens
Authorities have confiscated over $6 million in crypto from wallets associated with Southeast Asia-based Crypto scammers. The US Attorney’s Office for the District of Columbia reported on Sept. 26 that the deception resulted in “one or more individuals” losing millions of dollars after believing they were investing in legitimate crypto enterprises. The FBI traced the […]
Senator Cynthia Lummis Questions SEC’s Crypto Reg Strategy
The approach of the SEC Chair to crypto regulation is criticized by Senator Cynthia Lummis, who advocates for establishing clear rules and properly classifying assets. Cynthia Lummis, a Wyoming Senator and digital asset proponent, has expressed dissatisfaction with the US SEC cryptocurrency regulation. Lummis criticized SEC Chair Gary Gensler for his attitude toward the cryptocurrency […]