Singapore Investigates Illegal Worldcoin Accounts, Token Sales
Unauthorized Worldcoin accounts are under investigation in Singapore for money laundering and terrorism financing. Gan Kim Yong, the chairman of the Monetary Authority of Singapore (MAS) and the deputy prime minister of Singapore, disclosed an ongoing investigation into a group of individuals who provide third-party sales and acquisitions of Worldcoin accounts and tokens on September […]
Ripple CLO Dismisses Crypto Money Laundering Worries, XRP Community Responds
Ripple CLO Stuart Alderoty criticized the US Federal Reserve and SEC for scapegoating crypto for money laundering, highlighting that traditional finance systems, including the NY Federal Reserve, have also facilitated illicit transfers. On Tuesday, Stuart Alderoty, the chief legal officer (CLO) of Ripple Labs, conveyed apprehension regarding the US Federal Reserve and the U.S. SEC’s […]
Kujira Team Develops New THORChain App Layer After ‘Rujira’ Merge
DeFi project Kujira partnered with three ecosystem partners to build THORChain’s app layer with a new token. The decentralized finance (DeFi) network Kujira, along with several of its key ecosystem projects, has decided to merge into a single entity called the “Rujira Alliance.” This new entity aims to create an application layer for THORChain’s cross-chain […]
SEC’s Stance on Bank Crypto Custody Services Remain Unchanged
The United States Securities and Exchange Commission has evidently “dug in” on its stance on a rule that would restrict crypto custody services for regulated financial firms. SEC chief accountant Paul Munter addressed a banking conference on September 9 and addressed the agency’s regulatory posture on crypto asset accounting. He addressed SEC Staff Accounting Bulletin […]
Hackers Use Deepfake Tim Cook to Promote Crypto Scam at Apple Event
On September 9, hackers exploited Apple’s highly anticipated “Glowtime” event using Deepfake Tim Cook to run live streams promoting a double-your-cryptocurrency scam. September 9 was a significant day for the tech behemoth Apple, as millions of individuals worldwide anticipated the “Glowtime” event, which would unveil the new iPhone. Scammers capitalized on this opportunity by conducting […]