FTX US may buy BlockFi for $15M.
A recent report claims that the $15 million base price of the purchase deal between BlockFi and FTX.US might increase depending on performance. According to reports, leading cryptocurrency exchange FTX.US has been in discussions to buy BlockFi for as low as $15 million, less than the previously projected $240 million price tag. Performance-based BlockFi acquisition […]
FCA limits role as unregistered enterprises run
While many businesses continue to operate without permission, Crypto.com is the newest to register with the FCA in the UK. There are still more unregistered cryptocurrency-related firms than ones that are registered with the Financial Conduct Authority of the United Kingdom. A total of 37 organizations have been given the go-ahead to provide services in […]
FBI issues alert as ‘Pig Butchering’ crypto scam gains momentum
The Pig Butchering scam relies on a fraudster gaining confidence with their victim sometimes over a long time span of weeks or months.” According to recent media reports, U.S. officials have issued warnings about the pig butchering scam’s expanding notoriety, including the Federal Bureau of Investigation (FBI) and Lakewood Police, where incidents have been reported. […]
South Korea Considers a Gift Tax on Crypto Airdrops
Due to a lack of legal framework and investor protection safeguards, South Korea has repeatedly delayed the implementation of its cryptocurrency Gift Tax. Despite the suspension of the cryptocurrency gains fee until 2025, the South Korean Ministry of Strategy and Finance said on Monday that hard forked tokens, staking incentives, and airdrops of virtual assets […]
SlowMist claims 75% of laundered ETH goes to Tornado Cash
Tornado Cash has become a well-liked medium for money laundering as a result of the rapidly rising occurrences throughout Ethereum and BSC. With an upward trend and rapidly rising events on Ethereum and the Binance Smart Chain, Tornado Cash has become a well-liked platform for money laundering. A significant chunk of the illicit earnings has […]