The blockchain analytics firm Elliptic recently uncovered that the North Korea-backed hacker group Lazarus has once again turned to the sanctioned crypto mixer Tornado Cash to disguise its transactions. This comes after a period of dormancy following US government sanctions in response to allegations of assisting criminals in laundering illegally obtained digital assets. Despite the
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The cryptocurrency markets are experiencing a mixed day on Thursday as both Bitcoin (BTC) and Ether (ETH) are facing profit-taking pressure after the release of hotter-than-expected US PPI inflation figures. While Bitcoin is currently trading just under $71,000 and Ether is around $3,900, other major altcoins like Solana (SOL) and Dogecoin (DOGE) are seeing upward
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Recently, Hong Kong’s Securities and Futures Commission (SFC) announced that it had added Bybit to its list of suspicious virtual asset trading platforms. The commission raised concerns about Bybit operating without the necessary license and offering its products to investors in Hong Kong. This warning comes as a response to the platform’s unlicensed operations. The
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Crypto.com, a prominent crypto trading platform, has recently found itself in hot water with the Netherlands Central Bank. The company was fined a staggering €2.85 million ($3.1 million) for operating within the country without proper registration for a period of two years. This violation stems from Dutch regulations that require crypto firms to register with
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Binance recently stated that Nigeria is not one of its top markets, despite being Africa’s most populous country and largest economy. The exchange acknowledged the country’s “extraordinary potential” but emphasized that it is not a priority market for them. This comes after a dispute with Nigerian authorities over allegations of manipulating the local fiat currency,
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MicroStrategy, a prominent American business intelligence and software development company, has recently made headlines with its plans to acquire an additional $500 million worth of Bitcoin. This move comes after the company had already purchased about 12,000 BTC valued at over $800 million, bringing their total Bitcoin holdings to a staggering 205,000 BTC. The decision
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