Cryptocurrency Analysis and News Portal
The country’s 2023 Spring Budget, released in March, said the government wanted to “lead on the future of web technology, sometimes known as Web3 or the metaverse.” The new tech department, set up in February, will lead the charge in this work. The department’s work will not focus on specific
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The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112 million linked to fraudulent investment schemes known as “pig butchering.” According to court documents, the seized crypto accounts were allegedly “used to launder proceeds of various cryptocurrency confidence scams,” the Justice Department said. $112 Million in Crypto
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Venezuela's president Nicolás Maduro has announced the reorganization of the National Superintendency of Crypto Assets, known as Sunacrip in Spanish, according to a decree issued on March 17.A new board will lead the reorganization, headed by Anabel Pereira Fernández, a lawyer who served as president of the Fondo de Garantía
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Such a bailout never took place, but the investigation is seeking to determine whether the firms were involved in possible market manipulation. TerraUSD and its sister token, Luna, both eventually collapsed, setting off a series of high-profile failures of prominent crypto firms, including hedge fund Three Arrows capital, Voyager Digital
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“The increase in energy consumption attributable to the growth of digital asset mining has negative environmental effects and can have environmental justice implications as well as increase energy prices for those that share an electricity grid with digital asset miners,” according to the document. “Digital asset mining also creates uncertainty
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According to United States Federal Bureau of Investigation Director Christopher Wray on Jan. 26, international law enforcement groups have dismantled the infamous Hive cryptocurrency ransomware gang. He claimed that the operation has recovered over 1,300 decryption keys for victims since July 2022 and prevented $130 million in ransomware payments. Officials
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Tech giants including Meta Platforms, Amazon, and Apple are also being grilled for their acquisition of smaller rivals in a bid to squash out competition.The United States Department of Justice (DoJ) is reportedly finalizing plans to file a new lawsuit against Google and its parent company, Alphabet Inc (NASDAQ: GOOGL).
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The press conference will be led by Deputy Attorney General Lisa Monaco, and other speakers will include Assistant Attorney General Kennth Polite, Jr. of the Justice Department's criminal division, U.S. Attorney Breon Peace of the Eastern District of New York, the FBI's Associate Deputy Director Brian Turner and the Treasury
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With the FTX collapse leaving many users yearning for the return of lost funds, scammers are using the opportunity to take advantage of already injured victims by posing as government officials. In a press release, the Oregon Division of Financial Regulation (DFR) warned crypto investors that fake applications and websites put
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According to a Bloomberg report published on Dec. 27, the U.S. Department of Justice has launched an investigation into the whereabouts of approximately $372 million in missing digital assets from now-defunct cryptocurrency exchange FTX and FTX US. On Nov. 12, amidst bankruptcy and internal collapse, FTX warned customers of abnormal
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