Tagged: Crypto Transactions

March 18, 2025 @ 1:10 am By Omar Faridi  |  

Blockchain security firm SlowMist released a detailed report exposing a critical vulnerability in SwitchyOmega, a widely used Chrome proxy-switching extension, highlighting its potential to steal users’ private keys. The report from SlowMist unveils a tampering incident that compromised user security, traces its origins, and offers… Read More

March 12, 2025 @ 9:32 am By Omar Faridi  |  

On March 7, 2025, the US Department of Justice (DOJ), in an operation alongside authorities in Germany and Finland, announced the disruption of Garantex, a Russia-based cryptocurrency exchange allegedly known for its deep ties to the global cybercrime economy. This coordinated effort resulted in the… Read More

March 11, 2025 @ 8:02 am By Omar Faridi  |  

In their Q1 2025 analyst note, PitchBook researchers have shared an analysis of the evolving role of stablecoins in the global financial ecosystem. Released in early 2025, the report underscores the widespread use of these digital assets, which are pegged to stable benchmarks like major… Read More

March 8, 2025 @ 4:23 pm By Omar Faridi  |  

A recent report from blockchain security and analytics firm Chainalysis  highlights the escalating threat of damaging cyberattacks in the web3 and cryptocurrency sector and offers an extensive blueprint for virtual currency exchanges to strengthen their defenses against these malicious activities. The research report leverages insights… Read More

February 26, 2025 @ 9:18 am By Omar Faridi  |  

TRM Labs, the enabler of blockchain intelligence solutions, announced an expanded use case for its Wallet Screening solution, enabling fraud prevention teams at FIs and crypto exchanges to be able to “proactively” block fraudulent crypto transfers prior to funds actually leaving customer accounts. With fraudsters… Read More

January 29, 2025 @ 9:38 pm By Omar Faridi  |  

A recent case involving Frank Richard Ahlgren III, a Texas resident, has marked a significant milestone in the realm of cryptocurrency taxation, according to an update from Chainalysis. Chainalysis noted in a report that in December 2024, Ahlgren was sentenced to two years in prison… Read More

January 20, 2025 @ 2:01 pm By Omar Faridi  |  

In recent years, cryptocurrency has become increasingly more mainstream, the team at Chainalysis noted. Although illicit activity on-chain previously revolved heavily around cybercrime, Chainalysis pointed out that cryptocurrency is now also being used to “fund and facilitate all kinds of threats, ranging from national security… Read More

January 4, 2025 @ 9:51 am By Omar Faridi  |  

As Bitcoin reaches unprecedented levels following yesterthe US election results, thousands of first-time investors are rushing to enter the cryptocurrency market. But new research from CertiK – the blockchain security firm that has protected over $3 trillion in user assets – reveals concerning vulnerabilities that… Read More

January 2, 2025 @ 4:52 pm By Omar Faridi  |  

SlowMist has reportedly passed the audit conducted by the international  certification body, DNV Management Services Group, and obtained the ISO/IEC 27001:2022 Information Security Management System Certificate (with recognition from CNAS and UKAS). This signifies that SlowMist’s information security management system meets international standards, “elevating its… Read More

December 31, 2024 @ 2:02 pm By Omar Faridi  |  

Taxbit says it is ready to support Brazilian businesses in meeting new crypto regulatory requirements with solutions designed to simplify compliance and ensure “seamless” reporting. The Brazilian Federal Revenue Service’s proposal demonstrates its commitment to aligning domestic crypto taxation with global standards. By expanding reporting… Read More

October 28, 2024 @ 11:05 pm By Omar Faridi  |  

On June 28, 2024, the US Treasury Department had released the first of what will “likely” be a few different sets of final regulations relating to digital assets. According to an extensive update from Taxbit, for the most part, this set of finalized rules addresses… Read More

October 27, 2024 @ 10:16 pm By Omar Faridi  |  

Solana (SOL) network activity typically peaks during US hours, though it appears to be “skewed” more towards Pacific Coast time zones when compared to Bitcoin (BTC) and Ethereum (ETH), according to an in-depth analysis from Coinbase Institutional. The research report noted that the concentration of… Read More

October 25, 2024 @ 8:34 am By Omar Faridi  |  

Much like traditional financial markets, crypto markets are not “immune” to manipulation. This, according to an update from CertiK. CertiK explained in an extensive update that many of the same practices that plague stocks and commodities — such as wash trading, “spreading fear, and pump… Read More

October 14, 2024 @ 6:40 pm By Omar Faridi  |  

Brazil’s digital banking platform Nubank (NYSE: NU) recently introduced the Coupon Hub in Shopping do Nu, which is a discount center that aims to bring together various offers available in its marketplace and which will be gradually made available to clients. With this latest functionality,… Read More

October 7, 2024 @ 3:43 pm By Omar Faridi  |  

Robinhood Crypto, from Robinhood Markets (Nasdaq: HOOD), has recently launched cryptocurrency transfers across European markets. Robinhood Crypto customers residing in Europe are now able to deposit as well as withdraw 20+ cryptocurrencies, and will reportedly be able to earn a 1% deposit match for a… Read More

October 5, 2024 @ 6:20 pm By Omar Faridi  |  

Industry professionals have recently shared their latest guidance on the Travel Rule in a comprehensive online learning session aimed at crypto ad blockchain ecosystem participants. This, according to an update from Regtech Sumsub. Regtech firm Sumsub announces the start of a comprehensive Travel Rule educational… Read More

September 23, 2024 @ 8:41 am By Omar Faridi  |  

The Frankfurt am Main Public Prosecutor’s Office – Central Office for Combating Internet Crime (ZIT) – and the Federal Criminal Police Office ( BKA ) have shut down 47 exchange services hosted in Germany that were “being used for criminal purposes.” These were platforms on… Read More

September 10, 2024 @ 10:15 am By Omar Faridi  |  

The Federal Bureau of Investigations (FBI) has published the 2023 Cryptocurrency Fraud Report. The FBI released its Cryptocurrency Fraud Report for the past year. In 2023, the FBI’s Internet Crime Complaint Center “received more than 69,000 complaints from the public regarding cyber-enabled crime and financial fraud… Read More

September 10, 2024 @ 7:23 am By Omar Faridi  |  

In the world of law enforcement, the ability to seize cryptocurrency has become crucial, according to an extensive update from Chainalysis. As digital currencies play a significant role in criminal activities, the stakes are “higher than ever.” Chainalysis also mentioned that missing even a single… Read More

August 24, 2024 @ 7:36 am By Omar Faridi  |  

China’s supreme court has updated its interpretation of the nation’s Anti-Money Laundering (AML) laws in order recognize “virtual asset” transfers for the first time ever. China passed its AML law on January 1, 2007, making the most recent update its first major one in 20… Read More