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FCA Brings Charges Against UK Businessman for Operating Illegal Crypto ATM Network

LB News 13 Sep 2024
The FCA brought criminal charges against an individual who operated a network of illegal crypto ATMs, making it the first time the agency has imposed money laundering laws on unregistered crypto activity ... The agency turned his request down ... .
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ParaFi Leverages Tokenization Using Avalanche and Securitize

LB News 13 Sep 2024
ParaFi’s tokenization of its fund represents the company believing in the technology it invests in and eating its “own dog food.” ... Investors can get their hands on the token shares on Securitize ... Why Tokenization? ... .
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Will Turkey’s $205 Ceiling on Cash Payments Affect Crypto

LB News 13 Sep 2024
If this goes through, Turkish citizens transacting more than $205 in the country will be fined 10% of the transacted amount ... 459 ... 459) to public opinion,” a translated version of a post published by Turkish media page BPT Haber read ... .
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Standard Chartered Launches Digital Asset Custody Service in Dubai

LB News 12 Sep 2024
Standard Chartered has received permission from the Dubai Financial Services Authority (DFSA) to launch its digital asset custody service ... That has transpired into full-blown licensing much over a year later ... UAE Leads Crypto Adoption ... .
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Bitfarms Delays Special Meeting as Riot Demands for Governance Improvements

LB News 12 Sep 2024
Bitfarms postponed a special meeting that would see shareholders addressing Riot Platforms’ demands for an altered governance structure ... It currently holds 85.3 million common shares purchased through the open market ... .
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Tether, Tron, and TRM Labs Join Hands to Launch the T3 Financial Crime Unit

LB News 11 Sep 2024
The T3 Financial Crime Unit will work to reduce criminal activity associated with USDT on Tron, collaborating with law enforcement agencies to hold criminals accountable and make victims whole ... The Majority of USDT in Supply Circulates on Tron ... .
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The PolitiFi Token Market Has Reduced Drastically Despite US Presidential Election Nearing

LB News 10 Sep 2024
Politically themed memecoins have reduced tremendously by value and market cap as the election day gets closer. The Political Finance (PolitiFi) niche of the crypto market has shrunk by about $400 million, CoinMarketCap data shows ... .
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Tether Invests $100 Million in Argentinian Agro Business

LB News 10 Sep 2024
Tether has invested $100 million in Latin American agro-business Adecoagro to buy into 9.8% of the company ... The stablecoin issuer has bought into 9.8% of the company, amounting to 10,048,249 common shares, for which it paid $100 million ... .
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Revpro Intel CEO Held at Gunpoint by a ‘Sophisticated Group’ That Stole Personal and Company Crypto

LB News 10 Sep 2024
Nick Drakon of Revpro Intel was held at gunpoint with his family as the thieves stole funds from his personal wallets and those that belonged to his company ...There is a dark side to this industry though which is quite sinister ... Looking Forward ... .
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Brad Garlinghouse Hints at Ripple Stablecoin’s Launch in Japan

LB News 09 Sep 2024
The Ripple CEO appreciated Japan’s crypto regulatory scene while saying that yen-pegged stablecoins will soon emerge ... His praise for the Japanese regulatory scene hinted at his interest in eventually launching it in the land of the rising sun ... .
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PleasrDAO Calls Martin Shkreli’s Claims of Forfeiting All Wu-Tang Clan Album Copies Bogus

LB News 09 Sep 2024
Martin Shkreli fails to convince PleasrDAO that he has handed over all copies he made of a one-off Wu-Tang Clan album due to his previous comments of storing copies in safes and sending them to women ... “Mr ... .
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Stacks Registers Unseen Smart Contract Deployment Days Away From Its Nakamoto Upgrade

LB News 09 Sep 2024
Bitcoin layer-2 Stacks witnessed 1,400 smart contract deployments month over month, as its soon-to-be-effected Nakamoto upgrade will reduce its transaction confirmation time to seconds ... Source. Stacks on X ... .

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