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The court decision comes after a flurry of large institutions filed applications for spot bitcoin ETFs, with asset manager BlackRock filing its application in June. BlackRock’s filing generated a large amount of optimism that a spot bitcoin ETF might be approved. Others like Fidelity, the large mutual-fund manager, have also
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The United States Treasury Department has identified over-the-counter (OTC) cryptocurrency traders who assisted North Korea’s Lazarus Group in converting stolen crypto into fiat currency. Crypto traders in China and Hong Kong have been sanctioned by the Treasury’s Office of Foreign Assets Control (OFAC). In addition, a China-based banker was sanctioned
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South Korean prosecutors have identified 414.5 billion won ($314.2 million) in illicit assets associated with Terraform Labs co-founder Do Kwon and his associates. Out of the $314 million identified illicit assets, prosecutors have linked about 91.4 billion won ($69 million) of the specified amount to Kwon.Although Kwon amassed millions, none
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The statement from Europol, the EU agency that coordinates activities among national law enforcement authorities within the bloc, details house searches in Spain, Cyprus and Portugal; the takedown of digital infrastructure in France; and seizures of 18 million euros ($19.5 million) in cryptocurrency, vehicles and electronics, plus the freezing of
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The reason for the initial price drop stemmed from a confusing maneuver carried out by pNetwork – a firm that locks up GALA on Ethereum and re-mints it as “pGALA” on Binance Smart Chain. When pNetwork found a vulnerability in its bridging code, it executed a “white hat” attack on
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Meanwhile, the researcher added that over 113,000 ether sent to Tornado Cash was additionally converted to renBTC, a token on the Ethereum network that represents bitcoin, through decentralized exchanges Uniswap and 1inch. The renBTC was later transferred from Ethereum to Bitcoin and redeemed for spot bitcoin. Source
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