FBI Warns of Fictitious Law Firms Providing Crypto Recovery Services
The FBI warned on June 12 about fake law firms offering crypto recovery services, naming Bitcoin BTC and Ethereum ETH. Losses exceeded $10 million.
US Treasury proposes digital ID for DeFi to tackle $24B crypto crimes
The US Treasury explores digital ID for DeFi to combat illicit finance, targeting $24B in crypto crimes by 2023, involving Ethereum and Chainlink.
Portugal, Malta, Singapore, UAE, Switzerland allow tax-free crypto in 2025
In 2025, Portugal, Malta, Singapore, UAE, and Switzerland offer tax-free crypto transactions. Portugal processes 1.2M crypto users, Malta hosts Binance operations.
Kraken suspends Monero deposits after MineXMR hits 50% hashrate dominance
Kraken suspended Monero deposits after MineXMR pool exceeded 50% hashrate, raising centralization concerns; Monero’s market cap is $2.8 billion.
North Korean IT workers earned $3 billion in crypto operations by 2023
North Korean IT workers generated $3 billion via crypto operations, targeting Bitcoin and Ethereum, as reported by Chainalysis and the UN in 2023.
Federal Reserve halts crypto oversight program affecting JPMorgan and $3 trillion in assets
The Federal Reserve terminated its crypto oversight initiative, impacting banks like JPMorgan and Coinbase. The decision affects $3 trillion in digital assets.
SEC Court Filing Shows Ripple’s Regulatory Path Clearing—XRP Could Rip Once Approval Lands
SEC filing indicates Ripple’s regulatory progress as XRP rises 15% since January. Approval expected to boost Ripple and XRP markets.
DOJ seizes $2.8M Bitcoin from REvil ransomware operator in 2023 crackdown
US authorities seized $2.8M in Bitcoin from a ransomware operator linked to REvil; DOJ reports 50% drop in attacks post-operation.
US 10% reserve rules restrict Bitcoin and Ethereum transactions in 2024
US banks face 10% reserve requirements, limiting crypto transactions. Bitcoin and Ethereum adoption slows as regulators like the SEC maintain strict capital rules.
Kraken suspends Monero deposits following 51% attack, XMR drops 5%
Kraken halted Monero deposits following a 51% attack; XMR dropped 5%, Bitcoin and Ethereum unaffected; blockchain security concerns rise among exchanges.
