The Delaware Department of Justice’s Investor Protection Unit has issued a cease and desist order against 23 entities and individuals involved in the popular cryptocurrency scam known as “pig slaughter.” The order also freezes accounts allegedly holding cryptocurrencies belonging to victims. Delaware cracks down on pig slaughter crypto scam Delaware Attorney General Kathy Jennings announced Wednesday that the state Department of Justice’s (DOJ) Investor Protection Unit “has issued a summary cease and desist order against 23 entities and individuals involved in a known cryptocurrency scam as a ‘fraud with the slaughter of pigs’.” Crypto scams have recently become pork hogs
Category: Blockchain
About starting a crypto career in the middle of winter
An argument for taking the long view and studying blockchain or related technology now, even when the prospects look daunting. This story is part of CoinDesk’s Education Week. Source link
Fed Chair Jerome Powell Updates Digital Dollar Work – Says US Central Bank Digital Currency Will Take ‘At Least Several Years’ – Bitcoin News Regulation
Federal Reserve Chairman Jerome Powell says the U.S. central bank is considering whether to issue a digital dollar with a “very broad scope.” He noted that the Fed is working with Congress and the executive branch on whether to issue a central bank digital currency. Fed Chairman Powell on the progress of the digital dollar Federal Reserve Chairman Jerome Powell provided an update on the central bank’s work on the digital dollar on Tuesday during a panel discussion on digital finance hosted by the Banque of France. “Cash is not going away here in the United States. We still use
McLaren Racing unveils crypto-inspired car livery ahead of Singapore GP
The livery features McLaren’s Fluro Papaya livery with neon pink trim and dynamic, cyberpunk-inspired engine illustrations. McLaren told CoinDesk that the design represents the emergence of new technologies from the region, such as cryptocurrencies and the wider Web3 sector. Source link
Global hunt for Terra Luna founder Do Kwon after Interpol issues red notice – Regulation Bitcoin News
Global law enforcement agency International Criminal Police Organization (Interpol) issued a warrant for Terraform Labs co-founder Do Kwon just weeks after South Korean authorities issued a warrant for his arrest. A red notice allows South Korea to get help from global law enforcement bodies in locating and “temporarily arresting[ing] a person awaiting extradition, surrender or similar legal action.” General Manager of Global Manhunt for Terraform Labs Just weeks after the South Korean authorities issued arrest warrant for Do Kwon and his associates, the global law enforcement agency International Criminal Police Organization (Interpol) allegedly issued a red notice for the co-founder
Interpol issues red notice for Do Kwon: Report
Kwon claims he is not on the run, but his location is unknown after Singaporean authorities said he was not in the city-state. Source link
Southeast Asia’s Biggest Bank DBS Launches Self-Directed Crypto Trading Amid Institutional Demand – Bitcoin News Exchanges
Southeast Asia’s largest bank, DBS, has launched standalone cryptocurrency trading through its app. More customers are now qualified to access the bank’s digital asset exchange and trade cryptocurrencies, including bitcoin and ether. DBS launches self-directed crypto trading DBS, the largest bank in Southeast Asia, announced on Friday that it has “introduced stand-alone cryptocurrency trading through DBS digibank”. Announcement Details: Eligible clients can now trade cryptocurrencies on DBS Digital Exchange (Ddex) through DBS digibank at their convenience. The DBS digital asset exchange currently supports trading in four cryptocurrencies — bitcoin, bitcoin cash, ether and XRP. Previously, cryptocurrency trading on the stock
Governor Gavin Newsom vetoes California’s ‘BitLicense’ bill
“On May 4, 2022, I issued Executive Order N-9-22 position California as the first state to establish a transparent regulatory environment that fosters responsible innovation and protects consumers who use financial services and digital asset products – all in the context of a rapidly evolving federal regulatory landscape,” Newsom wrote in a message explaining his veto. “Over the past several months, my administration has conducted extensive research and intelligence to gather access dataethat balance the benefits and risks for consumers, comply with federal rules, and incorporate California values such as equity, inclusivity and environmental protection.” Source link
Iran Begins Central Bank’s ‘Crypto Rial’ Digital Currency Pilot Project Today – Featured Bitcoin News
The Central Bank of Iran (CBI) has reportedly started a pilot project for its central bank digital currency (CBDC), also known as “cryptoreal”. The Iranian Chamber of Commerce explained that “crypto rial is designed in a way that is easy to track, and even if data on smartphones is hacked, crypto rial can be traced.” Pilot ‘Crypto Rial’ launched today The Central Bank of Iran (CBI) announced on Wednesday that it will begin a “pilot launch of crypto-riyal” on Thursday. according to Iran Chamber of Commerce, Industry, Mining and Agriculture. Cryptoreal refers to the Central Bank of Iran’s digital currency
Cryptos Yo-Yo After Hawkish Rate Increase; Ether’s price has dropped, regulators may soon be circling. What’s Next for Ethereum After the Merger?
“(There is) the possibility of recognizing ETH as a security token. On the one hand, after the transition to PoS, the coin will have signs of security, such as, for example, the expectation of earnings. And many financiers say that such an outcome is possible,” Serhii Zhdanov, executive director of the crypto exchange EXMO, said in a Telegram message. Source link
