Kenyan Law Enforcement Agency Arrests Two Students Accused of Using Stolen Funds to Buy BTC
Two Kenyan students accused of hacking credit cards and using the ill-gotten funds to buy bitcoin have been arrested by the Directorate of Criminal Investigations, a statement from the law enforcement agency has said. After converting the cryptocurrency to local currency, the two students would use the fraudulently acquired funds to sustain their lavish lifestyle.The Students’ Lavish LifestyleA Kenyan law enforcement agency, the Directorate of Criminal Investigations (DCI) said it has arreste...
Kenyan Law Enforcement Agency Arrests Two Students Accused of Using Stolen Funds to Buy BTC
Two Kenyan students accused of hacking credit cards and using the ill-gotten funds to buy bitcoin have been arrested by the Directorate of Criminal Investigations, a statement from the law enforcement agency has said. After converting the cryptocurrency to local currency, the two students would use the fraudulently acquired funds to sustain their lavish lifestyle.The Students’ Lavish LifestyleA Kenyan law enforcement agency, the Directorate of Criminal Investigations (DCI) said it has arreste...
SEC, State Regulators Probe Crypto Lender Celsius Over Accounts Freeze
The U.S. Securities and Exchange Commission (SEC) and several state regulators are reportedly investigating the decision by crypto lender Celsius Network to freeze withdrawals.U.S. Securities Regulators Investigate Celsius’ Withdrawal FreezeThe U.S. SEC and securities regulators in Alabama, Kentucky, New Jersey, Texas, and Washington are investigating the decision by crypto lender Celsius Network to freeze withdrawals, Reuters reported Thursday. Texas’ director of enforcement Joseph Rotunda e...
SEC, State Regulators Probe Crypto Lender Celsius Over Accounts Freeze
The U.S. Securities and Exchange Commission (SEC) and several state regulators are reportedly investigating the decision by crypto lender Celsius Network to freeze withdrawals.U.S. Securities Regulators Investigate Celsius’ Withdrawal FreezeThe U.S. SEC and securities regulators in Alabama, Kentucky, New Jersey, Texas, and Washington are investigating the decision by crypto lender Celsius Network to freeze withdrawals, Reuters reported Thursday. Texas’ director of enforcement Joseph Rotunda e...
Value Locked in Defi Slips to $74 Billion, Top Smart Contract Tokens Down Over 70% This Year
Decentralized finance (defi) has been hit hard by the recent crypto market rout as the total value locked (TVL) across 118 different blockchains has slipped below the $100 billion mark to today’s $74.27 billion. The TVL in defi today is down more than 70% from its December 2, 2021, all-time high (ATH) at $253.91 billion. Moreover, since December 2021, the top smart contract platform tokens have lost 70% in value against the U.S. dollar as well, sliding from $823 billion to today’s $245 billio...
Value Locked in Defi Slips to $74 Billion, Top Smart Contract Tokens Down Over 70% This Year
Decentralized finance (defi) has been hit hard by the recent crypto market rout as the total value locked (TVL) across 118 different blockchains has slipped below the $100 billion mark to today’s $74.27 billion. The TVL in defi today is down more than 70% from its December 2, 2021, all-time high (ATH) at $253.91 billion. Moreover, since December 2021, the top smart contract platform tokens have lost 70% in value against the U.S. dollar as well, sliding from $823 billion to today’s $245 billio...
Brazilian Judge Dismisses Bitcoin Scam Mastermind's Attempt to Block His Extradition to South Africa
A Brazilian judge has ruled that the CEO of Mirror Trading International should remain in precautionary detention as authorities in South Africa have already furnished their Brazilian counterparts with the documentation that is required for extradition purposes. The judge also rejected Johann Steynberg’s attempts to use his Brazilian family as the basis for seeking an end to his precautionary detention.Documentation for Steynberg’s Formal ExtraditionA Brazilian judge recently dismissed an app...
Brazilian Judge Dismisses Bitcoin Scam Mastermind's Attempt to Block His Extradition to South Africa
A Brazilian judge has ruled that the CEO of Mirror Trading International should remain in precautionary detention as authorities in South Africa have already furnished their Brazilian counterparts with the documentation that is required for extradition purposes. The judge also rejected Johann Steynberg’s attempts to use his Brazilian family as the basis for seeking an end to his precautionary detention.Documentation for Steynberg’s Formal ExtraditionA Brazilian judge recently dismissed an app...
Colombia Takes First Steps Toward Regulating Cryptocurrency Exchanges
The Congress of Colombia has approved a bill that regulates the behavior of cryptocurrency exchanges in the country in its first discussion, taking the first steps to bring clarity to this issue. One of the creators of the bill, Mauricio Toro, a representative of the Green Party, stated that this bill is needed to protect users from Ponzi schemes, giving them security in the crypto world.Colombia Gets on the Crypto Regulation RoadMore and more countries in Latam are realizing the growth and i...
Colombia Takes First Steps Toward Regulating Cryptocurrency Exchanges
The Congress of Colombia has approved a bill that regulates the behavior of cryptocurrency exchanges in the country in its first discussion, taking the first steps to bring clarity to this issue. One of the creators of the bill, Mauricio Toro, a representative of the Green Party, stated that this bill is needed to protect users from Ponzi schemes, giving them security in the crypto world.Colombia Gets on the Crypto Regulation RoadMore and more countries in Latam are realizing the growth and i...
