Reading Time: 2 minutes Strike has expanded its services to Europe to continue its recent expansion boom Europeans can utilize the Lightning Network for fast and cost-effective Bitcoin transactions Strike is now available in almost 100 countries, but not the UK Bitcoin payments app Strike has launched in Europe following expansion in Latin America and Africa. In a press release announcing the news, Strike said that its services now reach almost 100 countries across the globe, calling the move into Europe a “significant milestone.” Not only can users leverage the Lightning Network to send bit ..read more

Reading Time: 3 minutes The founders of Samourai Wallet have been arrested and charged with facilitating over $2 billion in unlawful transactions US and Icelandic authorities collaborated to shut down the site, accusing the pair of laundering $100 million worth of criminal proceeds The crypto community called the actions an assault on privacy The crypto community reacted with fury yesterday when it was revealed that the founders of the Samourai Wallet had been arrested and charged with $2 billion worth of unlawful transactions. Authorities in the US and Iceland worked together to close down ..read more

Reading Time: 2 minutes The Philippine SEC has directed Google and Apple to remove Binance from their app stores, citing security threats to Filipino investors’ funds Previous actions by the National Telecommunications Commission blocked access to Binance websites in the country Google and Apple have been formally requested to take down all Binance-related applications from their app stores The Securities and Exchange Commission (SEC) of the Philippines this week issued a directive instructing Google and Apple to remove the Binance cryptocurrency exchange from their respective app stores. Ac ..read more

Reading Time: 2 minutes Hackers have infiltrated El Salvador’s state-controlled Bitcoin wallet Chivo The malicious actors have also accessed the wallet’s code and disclosed it on dark web platforms The hackers said they weren’t selling the code but publishing it “for free” Two weeks after the CiberInteligenciaSV hacking group shared a database of arrest warrants in El Salvador, the group has now accessed the code of the country’s Bitcoin wallet Chivo and its users’ information. This is after Chivo users connected the leaked data to that which they used to register to use the wallet. The grou ..read more

Reading Time: 2 minutes The Blockchain Association has filed a lawsuit against the SEC, challenging its redefined definition of “dealer” to include DeFi participants It argues the SEC’s move is an overreach, imposing traditional financial regulations on the dynamic digital assets market The Association accuses the SEC of hindering innovation in the digital asset space with its regulatory push The Blockchain Association has escalated its confrontation with the U.S. Securities and Exchange Commission (SEC) by filing a lawsuit challenging the agency’s definition of “dealer.” The SEC recently re ..read more

Reading Time: 2 minutes The IRS has unveiled a draft of Form 1099-DA, which includes a requirement to reveal self-custody wallet addresses The draft aligns with a set of regulations proposed by the tax office last year The form, available on the IRS website, reflects the agency’s ongoing efforts to enhance tax compliance in the digital asset space The Internal Revenue Service (IRS) this week unveiled a draft of a tax from which suggests that the agency wants to take a look inside your self-custodied wallets. The draft of form 1099-DA, Digital Asset Proceeds From Broker Transaction, which is ..read more

Reading Time: 2 minutes Crypto.com has postponed its South Korea launch due to an on-site inspection prompted by money laundering concerns South Korea’s Financial Services Commission initiated the urgent inspection over apparent discrepancies in Crypto.com’s anti-money laundering data The exchange has decided to delay the launch until the probe is completed, although there is currently no suggestion of any wrongdoing. Crypto.com has announced a postponement of its planned launch in South Korea following reports of an impending on-site inspection over money laundering concerns. Local news out ..read more

Reading Time: 2 minutes Blockchain security firm Arkham has disclosed that there are millions of dollars lay unmoved in DeFi bridges Arkham noted that the funds may be stuck or forgotten Some of the funds are associated with Ethereum co-founder Vitalik Buterin and crypto exchange Coinbase Blockchain intelligence firm Arkham has discovered millions of dollars in DeFi bridges that have been unmoved for months. According to Arkham, the phenomenon means either their owners no longer have access to the funds or that they’ve intentionally left the funds untouched. Some of the millions are held in ..read more

Reading Time: 2 minutes Hong Kong police have recently frozen assets worth over US$29 million linked to the collapsed cryptocurrency exchange JPEX The total number of individuals arrested in connection to JPEX, including employees and influencers, has now reached 72 More than 2,600 customers were impacted when the exchange shut down last September Hong Kong police officials announced recently that they had frozen assets exceeding US$29 million associated with JPEX, the cryptocurrency exchange that collapsed last September. This has resulted in more arrests, taking the total number of individ ..read more

Reading Time: 2 minutes FTX customers have found a new ally in their fight against FTX celebrity promoters: Sam Bankman-Fried Bankman-Fried has agreed to assist customers in their fight against celebrity promoters in return for the dropping of a class-action suit The deal would see the former FTX CEO hand over information regarding the various celebrity deals FTX customers have a new ally in their fight against the exchange’s celebrity promoters: Sam Bankman-Fried. The freshly jailed prisoner has agreed on a deal with a group of customers who had started a class-action lawsuit against him wh ..read more