July 26, 2023 By Anjali Kochhar Chinese authorities have successfully busted a major counterfeit operation involving graphics cards used for cryptocurrency mining. On July 20, reports revealed that several suspects were arrested in the Bincheng district of Binzhou City after a year-long investigation by the police. The suspects, all Chinese nationals, are accused of selling […]

July 25, 2023 By Sharan Kaur Phillora McDonald’s Hong Kong has taken a bold leap into Web3 by collaborating with The Sandbox, the decentralized virtual gaming platform under Animoca Brands. This partnership has resulted in the groundbreaking launch of “McNuggets Land,” an immersive metaverse gaming experience commemorating the 40th anniversary of McNuggets. Here’s what we

July 25, 2023 By Joe Pan Earlier this week, Sumsub, a leading global verification provider, announced its plans to establish its Asia-Pacific (APAC) headquarters in Singapore, bolstering its presence in the region. The move comes as a strategic response to the increasing threat of identity fraud, which has seen a significant rise in digital startups

July 25, 2023 By Anjali Kochhar In a recent presentation at the EthCC conference in Paris, Tara Annison, the former head of technical crypto advisory at Elliptic, revealed new insights into the world of cryptocurrency-related crime. According to Annison, criminals are no longer relying on Bitcoin for money laundering and illicit activities. Instead, they are

July 24, 2023 By Anjali Kochhar In a significant move, Kuwait’s main financial regulator, the Capital Markets Authority (CMA), has officially declared an “absolute prohibition” on virtually all crypto operations within the country. The state of Kuwait is the latest jurisdiction to ban virtually all operations involving cryptocurrencies like Bitcoin BTC $30,208. The decision was

July 24, 2023 By Sharan Kaur Phillora Despite its firm stance on cryptocurrency, China is demonstrating its recognition of the profound potential of blockchain technology. Shanghai, the country’s most populous city and a significant global financial hub, has recently unveiled new regulations to stimulate the widespread use of blockchain, the metaverse, and digital yuan across

July 21, 2023 By Anjali Kochhar In celebration of Ethereum’s 10th anniversary, an iconic piece of history is hitting the digital market as a non-fungible token (NFT). The NFT auction features a portrait of none other than Vitalik Buterin, the co-founder of Ethereum, taken by Canadian photographer Andrew Miller back in 2014, before Buterin’s meteoric

July 21, 2023 By Sharan Kaur Phillora In an extensive crackdown on cybercrime, the Chinese police in Shanxi Province have unmasked a mammoth Tether (USDT) money laundering operation, culminating in the arrest of 21 individuals, as per regional news outlets. Here’s what we know: Chinese national broadcaster, CCTV, has revealed that the operation, utilizing the

July 20, 2023 By Anjali Kochhar In the wake of high-profile fraud cases in the cryptocurrency space, global financial regulators have been keen to rein in bad actors within the crypto-asset marketplace, believes Yaya J. Fanusie, the director of policy for anti-money laundering and cyber risk at the Crypto Council for Innovation in an article

July 20, 2023 By Sharan Kaur Phillora The G20 Financial Stability Board (FSB) announced a regulatory framework for cryptocurrency activities on Monday, prompted by last year’s significant crypto market fluctuations. It issued nine key recommendations for regulators to enhance the oversight of crypto companies and markets. This move highlights the global effort to mitigate financial risks associated