Cryptocurrency Mining Pool Loses $3 million in a Cyberattack

December 28, 2022

Max Imberg 0

United States – One of the biggest cryptocurrency mining pools in the world, BTC.com, declares being a target of a cyberattack, losing $3 million worth of crypto. BTC.com shared how it became a victim of scammers online, wherein this mining pool lost $3 million worth of digital assets. These assets belong to the company and […]

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63 People launders $1.7 Billion through Cryptocurrency in China

December 18, 2022

Max Imberg 0

China – Chinese police detain 63 people for laundering billion US dollars through cryptocurrency on December 12. Chinese police in the northern region of Inner Mongolia arrested 63 people after they laundered $1.7 billion or 12 billion yuan through cryptocurrency. The case highlighted the difficult nature of the crypto market of China, where it ranked […]

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63 People launders $1.7 Billion through Cryptocurrency in China

December 13, 2022

Max Imberg 0

China – Chinese police detain 63 people for laundering billion US dollars through cryptocurrency on December 12. Chinese police in the northern region of Inner Mongolia arrested 63 people after they laundered $1.7 billion or 12 billion yuan through cryptocurrency. The case highlighted the difficult nature of the crypto market of China, where it ranked […]

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Couple Gets Arrested for Cryptocurrency Fraud Worth LKR 14B

October 31, 2022

Max Imberg 0

Sri Lanka – Authority in Colombo, Sri Lanka, detained a Chinese couple with a local on October 30 after their involvement in cryptocurrency fraud. The Chinese couple and the locals involved in the crypto fraud got about LKR 14 billion, worth $37,891,504. The Financial and Commercial Crimes Bureau of CID detained three suspects for the […]

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G7 Central Banks See Digital Renminbi as a Potential Risk – Report

April 5, 2021

Max Imberg 0

The Group of Seven (G7) members’ central banks believe that the digital renminbi can be a threat and eventually replace the US dollar. These financial institutions are reportedly wary of the digitalized Chinese currency’s possible repercussions on the effectiveness of their conventional monetary policies, which are denominated in the US dollar, a kind of fiat […]

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China Emphasizes Support for Central Bank-Backed Digital Currencies

March 29, 2021

Max Imberg 0

China is eyeing stronger international management of state-backed digital currencies. According to Mu Changchun, a system that facilitates the direct and efficient exchange of various digital currencies must be established to ensure a dependable and seamless trade among countries. The People’s Bank of China’s (PBOC) head of its “e-yuan” project recommended a scalable and overseen […]

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