Europol-backed Sting Operation Captures Two Ransomware Masterminds
The operation was sponsored and supervised by Europol, which claims the apprehended individuals are notorious for their outlandish ransom demands ranging from €5 million to €70 million.
Marathon Digital Holdings receives a $100M credit line from Silvergate Bank
Marathon Digital Holdings, a cryptocurrency mining firm based in the US, has received a $100 million revolving line of credit with Silvergate Bank, which will be paid out in USD and Bitcoin. According to Marathon Digital, the mining company received a $100 million credit line from the cryptocurrency-friendly bank on Friday. The credit will be […]
Hong Kong is exploring the possibility of a Central Bank Digital Currency
The Hong Kong Monetary Authority (HKMA) launched an official white paper on Monday investigating the possibility of the digital Hong Kong dollar (e-HKD), a retail-focused central bank digital currency (CBDC) . According to the document, the HKMA will look into “potential architectures and design options” from a technical and regulatory policy standpoint, with the goal […]
Upbit crypto exchange halts withdrawals for unverified users
South Korean crypto trading platform Upbit, as a means of improving its client verification system, stated that it is gradually limiting services for unverified users this week. The corporation announced a set of improvements to its client verification system on Saturday in order to comply with South Korea’s mandated Anti-Money Laundering (AML) regulations. According to […]
BitOasis exchange partners with the Dubai Police to help spread fraud awareness
BitOasis has partnered with the Dubai Police Force to create awareness regarding cryptocurrency investment and trade fraud and also to establish safety regulations around crypto investments in the region. According to BitOasis CEO Ola Doudin, the exchange’s collaboration with the Dubai Police Department is aimed at assisting in the development of rules that will make […]