CryptoNews

FCA Files First Charges Against Unregistered Crypto ATM Operator in UK

September 11, 2024
The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that processed £2.6 million in transactions without registration, violating anti-money laundering regulations. The…
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CryptoNews

Standard Chartered Launches Bitcoin and Ethereum Custody in UAE

September 11, 2024
Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and ethereum. Brevan Howard…
CryptoNews

Moscow Exchange Opts out of Russia's Crypto Trading Program

September 9, 2024
The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of a legislative package to legalize digital currencies, allowing exchange trading under the oversight of the…
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CryptoNews

Ethereum Still Holds the Lion’s Share of Defi TVL as Tron and Solana Rise

September 3, 2024
Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today. Ethereum Reigns Supreme in Defi With 57% of Total Value Locked Despite ethereum (ETH) facing challenges against bitcoin (BTC) and solana (SOL)…
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CryptoNews

Plastic Surgery Fails to Help Crypto Scammer Evade Arrest After 10 Months

September 2, 2024
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency scam business. The scam resulted in individual losses ranging from 1.2 million to 250 million won. After failing to appear at a…
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