October 2024

Bybit

Bybit Fined $2.4M by Dutch Central Bank Over Violations

The Netherlands’ central bank, De Nederlandsche Bank (DNB), has fined crypto exchange Bybit €2.2 million ($2.4 million) for operating without mandatory registration. A regulatory requirement under the country’s Anti-Money Laundering and Anti-Terrorist Financing Act. The fine, announced on Oct. 22, reflects the bank’s commitment to enforcing compliance with regulations designed to combat money laundering and […]

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Teen accused

Teen Accused of Raising Crypto for Al Qaeda Granted Bail

A 16-year-old from East London, facing accusations of raising cryptocurrency and offering cyber expertise to terrorist organizations including Al Qaeda, has been granted bail under stringent digital restrictions. The youth, whose identity remains confidential for legal reasons, was permitted to use his PlayStation console offline, with all internet-enabled devices heavily monitored or prohibited. Prosecutors allege

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Microstrategy

MicroStrategy Aims to Raise $42B for Bitcoin Expansion

MicroStrategy has announced a bold plan to raise $42 billion over the next three years to expand its Bitcoin holdings. Cementing its position as the largest single corporate holder of the cryptocurrency. The phased initiative, called “21/21,” will involve $21 billion in debt and $21 billion in equity. Enabling the company to accelerate its Bitcoin

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Coinbase commits

Coinbase Commits $25M to Crypto Advocacy Super PAC

Coinbase, one of the largest publicly traded crypto exchanges, has announced another $25 million donation to Fairshake. A bipartisan super PAC focused on supporting crypto interests in U.S. politics. This commitment aims to strengthen crypto representation in Washington, DC, as Coinbase and other industry players face increasing regulatory scrutiny. The latest contribution follows a similar

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Major Security Breach

Major Security Breach Hits dApps Via Lottie Player Library

A significant security breach has impacted multiple decentralized applications (dApps) following malicious code injections into Lottie Player, a popular JavaScript animation library. Hackers exploited recent updates to the library’s npm package. Embedding code into versions 2.0.5 through 2.0.7 that enabled phishing scams and drained user funds. The breach’s financial impact is already severe, with at

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Florida

Florida Considers Bitcoin for State Pension Funds

Florida’s Chief Financial Officer, Jimmy Patronis, has taken a bold step toward integrating Bitcoin into the state’s pension fund investments. In a letter to the State Board of Administration (SBA) on Tuesday, Patronis requested a feasibility report on the potential benefits of investing a portion of the state’s retirement funds in cryptocurrency, specifically Bitcoin. This

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Africa

Crypto Booms in Africa with 183% Growth in Telegram

Between January 2023 and August 2024, Telegram-based crypto communities across Africa saw a remarkable 183% increase in participation. According to a report commissioned by crypto exchange Bitget, the continent’s crypto adoption is accelerating at an unprecedented pace. With projections suggesting 54 million African users by 2025. Nigeria and South Africa are set to lead this

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Bitcoin ETFs

Bitcoin ETFs Surge Amid Record-High Speculation

Bitcoin ETFs experienced a wave of inflows totaling $870 million yesterday. As Bitcoin itself came within $175 of breaking its all-time high of $73,737.94. BlackRock’s iShares Bitcoin Trust (IBIT) recorded $3.36 billion in trading volume—the highest in six months, according to Coinglass. This surge in ETF activity signals heightened institutional interest. Possibly driven by fear

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