Taiwan Enforces AML Regulations for Crypto Providers
Taiwan has expedited implementing its new Anti-Money Laundering (AML) regulations for cryptocurrency businesses in response to the imposition of fines on two crypto exchanges for violations. The Financial Supervisory Commission (FSC) announced on Nov. 27 that the impending money laundering prevention registration mandate for crypto exchanges has been postponed from the previous deadline of Jan. […]
Telegram’s Crypto Rise Poses no Threat to Web Browsers
Telegram Messenger has increased the global adoption of crypto, enabling users to access digital assets directly on the platform. Still, it’s not a competitor or a threat to other entry points like web browsers. Although some industry observers have suggested that Telegram could be the key to reaching the first billion crypto users, the messenger […]
Publicly Traded Mining Companies Spend $3.6B on PP&E in 2024
On a year-to-date basis, publically traded mining companies invested $3.6 billion in plant, property, and equipment (PP&E) enhancements, including acquiring new mining hardware. TheMinerMag reports that 16 mining companies have collectively raised over $5 billion in 2024, with Q3 exhibiting the highest level of PP&E expenditure since Q1 2022. Mining infrastructure expenditures comprised the majority […]
ZachXBT Reveals Pro Gamer Linked to $3.5M Meme Coin Scam
ZachXBT, a renowned crypto investigator, made a significant discovery regarding a crypto scam that connected a professional gamer to a $3.5M meme coin swindle. More importantly, these scams were associated with substantial celebrity social media account breaches, scam promotions, and much more. The crypto industry had established itself as one of the largest financial entities, […]
XT.com Exchange Suspends Withdrawals Amid Hack Report
After a suspected $1.7 million breach, XT.com, a cryptocurrency exchange with a reported daily trading volume of $3.4 billion, has suspended withdrawals. Citing “wallet upgrade and maintenance,” the exchange suspended disbursements on November 28. The statement was released approximately one hour before a report by blockchain security firm PeckShield indicated that XT.com had been “hacked” […]