Day: October 31, 2024

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 […]

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 […]

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 […]

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 […]

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 […]