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Borneo authorities seize illegal crypto miners running off stolen power

Authorities in the town of Miri on the island of Borneo shut down an illegal cryptocurrency mining operation and seized equipment following a tip-off from the public.According to local news outlet The Borneo Post, Sarawak Energy discovered the operation, which included 34 cryptocurrency mining servers operating using stolen electricity through cable

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US authorities are investigating former FTX exec for potential campaign finance violations: Report

Prosecutors in New York are reportedly looking into former FTX Digital Markets co-CEO Ryan Salame for potential violations of campaign finance law in the United States.According to a July 11 report from The New York Times, Salame and his girlfriend Michelle Bond — a Republican candidate who ran to represent

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Saxo Bank obliged to get rid of crypto holdings by Danish authorities

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a move aimed at tightening regulations in the cryptocurrency sector, Danish financial regulators have taken action against cryptocurrency service providers, specifically targeting local banks from holding cryptocurrency assets as a means of mitigating trading risks. The

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UK government moves forward on bill aimed at empowering authorities to seize crypto

Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for illicit purposes.In a meeting of the U.K. Parliament’s House of Lords on July 4, lawmakers conducted a third reading of the Economic Crime

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Israeli authorities seize crypto from terror organizations, credit new technology

Israel has seized crypto wallets containing millions of dollars intended to fund terror, the country’s National Bureau for Counter Terrorist Financing announced June 28. Israeli Defense Minister Yoav Gallant credited collaboration among the Israeli Defense and Justice Ministries, Israeli intelligence and new technology for the operation, according to local media.Speaking at

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Google Cloud Reveals ‘Productive Conversations’ with Authorities in EU on AI Regulation

The head of Google’s cloud division has said the company’s discussions with the EU will help create a “path forward” for AI development. Google is currently in productive talks with authorities in the European Union (EU) about artificial intelligence (AI) regulations. The company and EU regulators are having early discussions about

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South Korean authorities raid Upbit, Bithumb crypto exchanges after political scandal

Prosecutors in South Korea raided the offices of two local cryptocurrency exchanges due to investigations surrounding the digital assets of lawmaker Kim Nam-kuk.According to a report from the South Korean news agency Yonhap, a team of prosecutors from the Seoul Southern District Prosecutors Office raided cryptocurrency exchanges Upbit and Bithumb

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Do Kwon’s lawyers propose $436K bail as authorities prepare for June trial

Authorities in Montenegro are moving forward with charges against Do Kwon and his former aide Han Chang-joon as lawyers for the Terra co-founder requested conditions for bail.According to a May 11 notice from Montenegro’s court system, lawyers representing Kwon and Chang-joon proposed they be confined to home arrest after providing

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