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North Korea Notorious Lazarus Group Moves 27.371 Bitcoins

The Lazarus Group, a notorious hacking collective believed to be sponsored by North Korea, has recently initiated significant Bitcoin transactions, sparking speculations about its future moves in the cryptocurrency sector. On January 8, the group transferred 27.371 BTC, equivalent to approximately $1.2 million, in two separate transactions from what analysts suspect to be a cryptocurrency … Continue reading North Korea Notorious Lazarus Group Moves 27.371 Bitcoins

SEC Faces Criticism from Elizabeth Warren over Bitcoin ETF Approvals

U.S. Senator Elizabeth Warren, representing Massachusetts and a member of the Senate Banking Committee, has publicly condemned the Securities and Exchange Commission (SEC) for its approval of 11 spot bitcoin exchange-traded funds (ETFs). This decision by the SEC has sparked a significant debate regarding the integration of cryptocurrencies into the mainstream financial system and the … Continue reading SEC Faces Criticism from Elizabeth Warren over Bitcoin ETF Approvals

Meta's Digital Assets Expansion: A Scrutiny by Maxine Waters

Congresswoman Maxine Waters, the Ranking Member of the United States House Financial Services Committee, questions Meta Platforms, Inc. (formerly Facebook) regarding its trademark applications indicative of a potential expansion in the digital assets ecosystem. Waters’ concerns, conveyed in a letter dated January 22, 2024, to Meta’s CEO Mark Zuckerberg and COO Javier Olivan, stem from … Continue reading Meta's Digital Assets Expansion: A Scrutiny by Maxine Waters

US Media Giants Block AI Crawlers to Protect Copyrights

Highlighting the tension between media companies and artificial intelligence (AI) technology, a recent Wired report has revealed that 88% of leading news outlets in the United States are actively blocking AI web crawlers. This move, driven by concerns over copyright infringement and the uncompensated use of content, reflects a growing resistance within the media industry … Continue reading US Media Giants Block AI Crawlers to Protect Copyrights

Federal Reserve Lifts Enforcement Action on FTX-Linked Farmington Bank

The US Federal Reserve announced the termination of its enforcement action against Farmington State Bank, a financial entity previously entangled with the now-defunct cryptocurrency exchange FTX. This move comes after the bank effectively wound down its operations, transitioning away from its role as a banking institution and ensuring the protection of its depositors’ interests. Farmington … Continue reading Federal Reserve Lifts Enforcement Action on FTX-Linked Farmington Bank

UN Investigation Reveals DPRK's $3 Billion Crypto Cyberattack Scheme

The United Nations (UN) is currently leading an investigation into a series of cyberattacks orchestrated by groups linked to the Democratic People’s Republic of Korea (DPRK), targeting cryptocurrency firms over a six-year span. These operations have reportedly generated approximately $3 billion in profits, which are believed to support North Korea’s weapons of mass destruction (WMD) … Continue reading UN Investigation Reveals DPRK's $3 Billion Crypto Cyberattack Scheme

U.S. Senate Bill Seeks to Limit Federal Reserve's Role in CBDC Issuance

In a move that could impact the future of digital currencies in the United States, a new Senate bill titled the “CBDC Anti-Surveillance State Act” has been introduced to amend the Federal Reserve Act. The bill aims to prohibit Federal Reserve banks from offering products or services directly to individuals, including the issuance of a … Continue reading U.S. Senate Bill Seeks to Limit Federal Reserve's Role in CBDC Issuance

U.S. Senators Reed and Butler Urge SEC to Pause Crypto ETF Approvals Over Investor Risks

U.S. Senators Jack Reed and Laphonza Butler have taken a firm stance against the expansion of cryptocurrency exchange-traded funds (ETFs). The senators have expressed grave concerns over the “enormous risks” these financial products pose to retail investors, citing vulnerabilities to fraud and market manipulation. This move comes amidst a broader scrutiny of the crypto market … Continue reading U.S. Senators Reed and Butler Urge SEC to Pause Crypto ETF Approvals Over Investor Risks