CCC Australia Calls for More Powers to Confiscate Crypto
Australia-based Crime and Corruption Commission (CCC) has called for reform of Queensland’s Criminal Proceeds Confiscation Act 2002 (CPCA) to counter the illicit use of cryptos. The agency has suggested updating Queensland’s asset confiscation laws to address these legal weaknesses. When seizing cryptocurrencies connected to organized crime, such as money laundering, the CCC questioned the effectiveness […]
Ace Exchange Founder Faces Indictment in Taiwan For Fraud
David Pan, the founder of Ace Exchange, a local cryptocurrency trading platform, is one of six suspects indicted for Fraud by the Taiwanese authorities. According to prosecutors ‘ official announcement, Pan was one of six suspects in an April 8 indictment. The prosecution accused him of fraud and money laundering, resulting in losses of $10.6 […]
Report Shows Consumer Crypto-trust Increases
A recent Deutsche Bank study shows that consumer trust in cryptocurrencies has increased and Mistrust has decreased, signalling crypto adoption. The poll, released on April 8, included more than 3,600 people. In the future, over half (52%) think cryptocurrencies will be an “important asset class and method of payment transactions.” In September 2023, Deutsche Bank […]
CertiK Warns Users Against ‘High-risk’ Telegram Vulnerability
In fresh research, the blockchain security company CertiK claims that Telegram Messenger users are vulnerable to malicious attacks due to a significant vulnerability. On April 9, CertiK Alert used the social media platform X to alert users to a “high-risk vulnerability in the wild” that might enable hackers to use Telegram’s media processing to launch […]
Japanese Metaplanet’s Stock Price Soars After Adopting Bitcoin
Japanese publicly traded company Metaplanet said it had acquired 1 billion yen ($6.5 million) worth of Bitcoin as a fundamental treasury asset. Investment firm Metaplanet focuses on companies in the Web3 and metaverse industries. Sora Ventures, UTXO Management, and prominent figures like Jack Liu, an Ordiswap founding member, and Mark Yusko, the founder of Morgan […]