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Oman Oil & Orpic Group and HSBC Digitize Trade Finance with the Execution of their First Blockchain Trade Transaction
Oman Oil & Orpic Group and HSBC Bank Oman have succeeded in carrying out their first trade transaction via blockchain technology.
Oman Central Bank Issues Warning Against Crypto Trading, Specifically Dagcoin
The Central Bank of Oman has warned citizens that cryptocurrencies come with a high risk and specifically highlighted the risks as they pertain to Dagcoin.
Elrond Gets the Greenlight from Romania Central Bank In-Principle for Acquiring Payments Firm Twispay
The acquisition is set to enable Elrond to operate e-money services across several countries in the European Union.
U.S. Justice Department Seizes $9M in Crypto from Romance Scam Ring
The U.S. Justice Department successfully seizes $9M in crypto from a scam ring targeting over 70 victims, showcasing the government's commitment to combating cyber-enabled financial fraud.
Hack VC Closes $150M Fund I, Increases Assets Under Management to $425M
Crypto venture firm Hack VC has closed a $150 million maiden fund, bringing total assets under management to $425 million. Hack VC is a long-time web3 investor, having backed over 100 projects since 2014. The firm remains firmly bullish on web3's future potential and will deploy its new capital to seed critical infrastructure startups.
Romania's ICI Bucharest Launches NFT Trading Platform for Web3 Adoption
ICI Bucharest has announced the launch of its in-house NFT trading platform, ICI D|Services, on April 26. The platform aims to facilitate the adoption of Web3 in Romania and connect private and public sector institutions and users. ICI Bucharest has been exploring blockchain and nonfungible tokens as the space gains traction globally.
CertiK: Crypto Social Media Scams Surge
CertiK discusses the growing threat of crypto scams on social media, citing a FTC report revealing over $1 billion lost in the 18 months leading to June 2022, with nearly half coming from social media interactions. It suggests preventive measures like hardware wallets and smart contract security audits.
Tornado Cash Co-Founder Seeks Dismissal of Money Laundering Charges
Tornado Cash's co-founder, Roman Storm, has filed a dismissal motion for charges related to money laundering and violating the IEEPA.
Nigerian Police Arrest Politician Wilfred Bonse for Involvement in Patricia Technologies Financial Fraud
Nigeria Police Force arrests politician Wilfred Bonse for over 200 million Naira financial fraud at Patricia Technologies, three for romance scam, and USDT recovery in cryptocurrency fraud.
Debiex Accused of $2.3M Romance Scam by CFTC
The CFTC has charged Debiex and Zhāng Chéng Yáng with conducting a romance scam, misleading customers to invest $2.3 million in a fraudulent scheme.
Oman Government Buys Equity Stake In U.S Bitcoin Miner Crusoe
Oman Investment Authority increased investments in the U.S. firm as part of efforts to solve glaring concerns in the country.
FSB to set crypto regulatory norms globally
The Financial Stability Board (FSB) apparently plans to regulate bitcoin next year. The FSB's departing secretary general, Dietrich Domanski, said recent incidents show it's essential to address concerns in the field. Crypto regulatory suggestions will hold crypto ventures to the same standards as banks.
Scammers adapt to survive during crypto winter
While crypto scam revenue dropped by 46%, scammers adapted and shifted their strategies to prey on people's emotions, with romance and giveaway scams on the rise.
Binance CEO Considers to Buy Chelsea Football Club, Report says
Since the news about Chelsea being up for sale made the rounds about 2 weeks ago, a lot of bids have been flowing in, and per a Reuters report, one of such was from Changpeng Zhao from Binance.
Tornado Cash Founders Face Legal Action Over Money Laundering and Sanctions Violations
Tornado Cash co-founders Roman Storm and Roman Semenov have been indicted for money laundering, sanctions violations, and operating an unlicensed money transmitting business. The US Treasury added Semenov to its list, preventing US residents from using the platform.