Hong Kong authorities arrest siblings over an alleged crypto money-laundering scheme
Hong Kong Customs has arrested a brother and sister for allegedly laundering over HK$380 million ($50 million USD) through bank accounts and cryptocurrency exchange. A 21-year-old man and a 28-year-old woman were arrested on suspicion of money laundering under the Organized and Serious Crimes Ordinance (OSCO) , according to a Hong Kong Customs announcement, with […]
Malaysian Police Seize 1,720 Bitcoin Mining Equipment
Malaysian police have seized 1,720 Bitcoin mining equipment worth RM3.5 million ($836,920) during a raid. Police Seize 1,720 Bitcoin Mining Machines According to the Malay-language daily newspaper Sinar Harian , Malaysian officials seized 1,720 Bitcoin mining machines worth RM3.5 million ($836,920) during a raid. The illicit mining farm has taken over RM2 million ($478,240) in […]
Mexico plans to establish a new CBDC by 2024
Mexico is set to establish a new national central bank digital currency (CBDC) in 2024, which will help the country become more financially inclusive. Mexico will establish a new CBDC in 2024 According to a tweet sent on Thursday, Mexico has declared that it would launch a new national central bank digital currency (CBDC) in […]
Russia’s largest bank Sber launches the country’s first blockchain-based ETF
Sber, Russia’s largest bank, has launched a blockchain exchange-traded fund (ETF) which is apparently the country’s first ETF. The fund will track the performance of major crypto firms like Coinbase and Galaxy Digital. The new ETF is tied to several blockchain and crypto industry enterprises, including hardware and software providers for mining and issuing cryptocurrencies, […]
MetaFest 2022: Virtual Times Square and New Year’s Eve Ball Drop on Decentraland
The new year’s eve ball drop is set to have its virtual version this year all thanks to Decentraland. The celebration tagged “MetaFest 2022” is set to feature NFTs, art galleries, music and entertainment acts, rooftop VIP lounges, and immersive games. Jamestown, the owner of the Times Square building in New York, worked with Digital […]