Cybercrime detectives in South Florida have noticed that a growing network of crypto ATMs is becoming part of a scheme to launder the criminal proceeds of criminal groups. Miami Police concluded that the prerequisite for this was gaps in the regulation of the industry, which allow criminals to launder money received from drug trafficking, robbery […]
Sarah
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
Chamber of Digital Commerce Urges SEC to Approve Bitcoin ETF Applications
The Chamber of Digital Commerce (CDC), which protects the rights of investors in the United States, has accused the Securities and Exchange Commission (SEC) of unreasonable regulation of the cryptocurrency industry in the country. The CDC published a report titled “The Cryptocurrency Puzzle” in which it called on the SEC to approve bitcoin exchange-traded funds […]
Sam Bankman-Fried: Many Companies Won’t Survive Ethereum Merger
The CEO of the FTX exchange, before the transition of Ethereum to PoS, noted the promise of this decision and warned of potential inevitable losses for the crypto industry. Sam Bankman-Fried stated that while the merger will be beneficial for Ethereum in the long run, it is reasonable to expect some turbulence when it happens. […]
Reginald Fowler gets six-month reprieve until conviction
The lawyer of the “shadow banker” has achieved in the court of Manhattan a deferral of the final verdict to his client. On September 13, the Manhattan District Court was to announce the verdict in the case of 63-year-old Reginald Fowler, accused of bank fraud, money laundering and conducting an unlicensed banking business. With bank […]
Nansen: 64% of ether staking is controlled by five entities
Nansen analysts worry that much of the ether staking is controlled by a small group of people at Lido Finance who are not particularly keen on asset decentralization. Most of the staking on the Ethereum network is controlled by five crypto exchanges, experts conclude. Of all Ethereum (ETH) coins in circulation, only 11% is staking: […]
Starbuck Launches Web3 Loyalty Program on the Polygon Blockchain
International coffee chain Starbucks is launching a customer reward system using NFT. Polygon provides a blockchain for minting collectible tokens. The joint project will enable Starbucks Rewards members and US Starbucks partners to earn and purchase branded NFTs. Users will be able to earn non-fungible Starbucks tokens by completing tasks in interactive games. All planned […]
Huobi exchange plans to delist seven anonymous cryptocurrencies
Huobi trading platform will exclude trading pairs with seven confidential cryptocurrencies on September 19: DASH, DCR, FIRO, XMR, XVG, ZEC and ZEN. This is due to increased pressure from regulators. According to Huobi, the exchange strictly complies with the requirements of regulators. In accordance with Article 17(16) of the Huobi Global Crypto Asset Management Rules, […]
South Korean authorities have revealed cases of crypto-fraud for $1 billion
The South Korean MP said that after strengthening the supervision of the crypto industry in the first half of 2022, customs revealed fraudulent crypto transactions worth $1 billion. Kang Byung-won revealed that since 2017, customs officials have recorded a total of more than 3.9 trillion won ($2.8 billion) in fraudulent crypto transactions. Of these, more […]
Rocket Pool: “Decentralization is the only way for Ethereum to maintain trust after the merger”
Ethereum 2.0 node validator Rocket Pool has announced that the only way to counter regulatory takeover of the network after the merger is to decentralize validators. The Ethereum network is expected to complete its most significant upgrade this week (The Merge) and transition from the current Proof-of-Work to Proof-of-Stake consensus algorithm. With only a few […]
Argentine MP proposes using blockchain to pay benefits
A member of the Buenos Aires city parliament has introduced a bill that proposes using blockchain to distribute social assistance to citizens. Dario Nieto believes that the technology should be introduced into the payroll management system to improve it. According to the Argentine MP, this will effectively eliminate the types of businesses that, for a […]
