T3 Financial Crime Unit Freezes $100M in USDT
The T3 Financial Crime Unit, a joint initiative involving the Tron blockchain, Tether, and TRM Labs, has frozen $100 million in USDT connected to criminal activities since its inception in September.
Stablecoins: The New Frontier in Digital Finance?
In 2024, while Bitcoin’s surge past US$100,000 captured global attention, financial institutions turned their focus to stablecoins. Will stablecoins be the new frontier in digital finance for the year of 2025?
FTX Chapter 11 Restructuring Plan Activated: $16 Billion to Be Distributed
The highly anticipated FTX Chapter 11 bankruptcy restructuring plan officially comes into effect today, marking a critical step forward for the cryptocurrency exchange in recovering from its collapse. A $16 billion recovery fund begins distribution today, offering hope to creditors worldwide.
Terraform Labs Co-founder Do Kwon Extradited to the U.S. to Face Fraud Charges
Montenegrin authorities have transferred Do Kwon, co-founder of Terraform Labs, to the United States, concluding an extended legal battle over his extradition
Bithumb CEO Jailed and Fined Over Bribery Scheme in Token Listing Process
Lee Sang-jun, the former CEO of Bithumb, South Korea’s largest cryptocurrency exchange, has been sentenced to two years in prison and fined 52 million won ($35,367) for his involvement in a bribery scheme that manipulated the platform’s token listing process.
MoonPay Among the First Companies Approved Under MiCA Regulation
MoonPay receives MiCA license in the Netherlands, enabling EU operations under stricter regulations.
NCC Bank-3071875843
NCC Bank is an unregulated commercial bank headquartered in Bangladesh. Established in 1985, it operates with a network of 128 branches and 149 ATMs across the country, providing banking services to individuals, businesses, and institutions. The bank offers a wide range of financial products and services, including car loans, home improvement loans, house building finance, marriage loans, personal loans, health loans, and professional loans.
Malaysia’s Securities Commission Enforces Ban on Bybit & Its CEO
The Securities Commission Malaysia (SC) has taken enforcement action against cryptocurrency exchange Bybit Technology Ltd.
RM62k Lost Investment Scam After Joining XRP Community Malaysia on Telegram
A 30-year-old homestay manager from Chendering, Malaysia, fell victim to an online bitcoin investment scam, losing RM62,214.59. According to Kuala Terengganu police chief ACP Azli Mohd Noor, the incident unfolded after the victim joined a Telegram group named “XRP Community Malaysia” on December 19. The group promoted bitcoin investments allegedly powered by Artificial Intelligence (AI).
Russia Turns to Bitcoin for International Trade Amid Sanctions
Russian companies are increasingly using Bitcoin and other cryptocurrencies to bypass Western sanctions and facilitate international trade. The country's Finance Minister, Anton Siluanov, confirmed that cryptocurrencies mined in Russia are now being employed for foreign transactions under an experimental framework.
Malaysia Pioneers Zakat Payments with Cryptocurrencies
Malaysia has taken a significant step in modernising religious practices by becoming the first country to enable zakat payments through digital assets.
Russia to Fully Ban Crypto Mining in 10 Regions Starting January 1, 2025
Starting from January 1, 2025, Russia will implement a comprehensive ban on cryptocurrency mining in 10 regions for a period of six years. The ban will remain in effect until March 15, 2031.
Malaysia’s Crypto Landscape: Adapting Amidst Global Ambitions
The United States is intensifying its efforts to become a global cryptocurrency hub under President-elect Donald Trump. Experts believe this move could prompt countries, including Malaysia, to reassess their regulatory approaches toward digital assets.
Arena Capital
Arena Capital is a broker. Trade 200+ instruments include forex, commodities, stop indices, cryptocurrencies, stop metals, and futures. The broker also provides four accounts with a maximum leverage of 1:400. The minimum spread is from 0.2 pips and the minimum deposit is $10. Arena Capital is still risky due to its unregulated status.
Gigamax Scam: Tracking Key Suspects in RM7 Million Crypto Fraud
Malaysian authorities are actively pursuing seven individuals linked to the Gigamax investment scam, which has defrauded investors of over RM7 million. The suspects include an Indonesian national, identified as Awaludin, who is believed to be the mastermind behind the scheme, and six Malaysians who served as promoters and speakers for the fraudulent operation.
Housewife Loses RM752,398 in Crypto Investment Scam
A 47-year-old housewife from Malaysia has fallen victim to a fraudulent bitcoin investment scheme, losing RM752,398 of her savings in just one month.
Pastor Defrauded 1500 People in a $6M Ponzi Scheme
The U.S. Commodity Futures Trading Commission (CFTC) has filed a complaint against Francier Obando Pinillo, a pastor in Washington state, alleging his involvement in a $6 million cryptocurrency Ponzi scheme. The case accuses Pinillo of defrauding 1,500 individuals, many of whom were members of his Spanish-speaking congregation in Pasco, Washington.
AMT Associates-3092450830
AMT Associates, founded in 2014 and located in Hong Kong, is an unregulated financial services firm that provides investment and consulting services to corporate and individual clients. These services include investment banking, equity trading, fixed income investments, and client advisory.
Russia Explores Bitcoin as a Strategic Financial Reserve Amid Economic Pressures
A Russian lawmaker has urged the country’s Finance Minister to investigate the possibility of establishing a strategic Bitcoin reserve. The proposal aims to provide Russia with an alternative financial safeguard amid the ongoing challenges posed by international sanctions, inflation, and currency volatility.
Crypto.com Eyes MENA Growth with Abu Dhabi Acquisition
Crypto.com has announced its acquisition of Orion Principals Limited, an Abu Dhabi-based brokerage firm licensed by the Abu Dhabi Global Market (ADGM).
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