New Zealand Bans Crypto ATMs to Curb Money Laundering

New Zealand has announced a ban on cryptocurrency ATMs and a cap on international cash transfers, moves officials say are part of a broader effort to disrupt money laundering and organized financial crime. In a Wednesday announcement, Associate Justice Minister Nicole McKee unveiled the measures as part of the government’s overhaul of its Anti-Money Laundering…

SharpLink Gaming Rallies 28% On $19M Ethereum Buying Spree

Shares in SharpLink Gaming closed Tuesday trading up over 28% after the sports betting company said it made a series of Ether buys to bring its holdings to 205,634 Ether, worth over $533 million. SharpLink said on Tuesday that in a buying spree from June 28 to July 4, it acquired 7,689 Ether (ETH) for…

SharpLink Gaming Rallies 28% On $19M Ethereum Buying Spree

Shares in SharpLink Gaming closed Tuesday trading up over 28% after the sports betting company said it made a series of Ether buys to bring its holdings to 205,634 Ether, worth over $533 million. SharpLink said on Tuesday that in a buying spree from June 28 to July 4, it acquired 7,689 Ether (ETH) for…

US Sanctions North Korea IT Worker Crypto Fraud Ring

The US Treasury has sanctioned two people and four entities involved in what it says was a North Korea-run IT worker ring that would infiltrate crypto companies, aiming to exploit them. The Treasury’s Office of Foreign Assets Control (OFAC) said on Tuesday that it sanctioned the North Korea-based Song Kum Hyok for allegedly stealing US…

US Sanctions North Korea IT Worker Crypto Fraud Ring

The US Treasury has sanctioned two people and four entities involved in what it says was a North Korea-run IT worker ring that would infiltrate crypto companies, aiming to exploit them. The Treasury’s Office of Foreign Assets Control (OFAC) said on Tuesday that it sanctioned the North Korea-based Song Kum Hyok for allegedly stealing US…

Data suggests $100,000 could be the current accumulation range for Bitcoin traders.

Key takeaways:  Bitcoin’s monthly outflow/inflow ratio has dropped to 0.9, signaling renewed long-term confidence and accumulation. Despite aggressive short-side pressure on Binance derivatives, BTC has remained in a tight range between $100,000 and $110,000. Over 19,400 BTC were moved into institutional wallets, indicating strategic positioning by long-term holders. After breaking above the $100,000 level on…

US Sanctions North Korea IT Worker Crypto Fraud Ring

The US Treasury has sanctioned two people and four entities involved in what it says was a North Korea-run IT worker ring that would infiltrate crypto companies, aiming to exploit them. The Treasury’s Office of Foreign Assets Control (OFAC) said on Tuesday that it sanctioned the North Korea-based Song Kum Hyok for allegedly stealing US…

Crypto Exchanges Exposed to $1B in Huione-linked USDT outflows

Major centralized exchanges (CEXs) have been exposed to nearly $1 billion in USDt transfers linked to wallets associated with Huione since its illicit marketplace was supposedly shut down, according to new data from Global Ledger. On May 1, the US Financial Crimes Enforcement Network (FinCEN) designated Huione as a primary money laundering concern under the…

ETH Accumulation, 12-Week Ether ETF Inflows May Spark Rally

Key point: Ether’s (ETH) price has been in a range for several days, but institutional investors seem to be silently accumulating. Ether exchange-traded products (ETPs) recorded $225 million in inflows for the trading week ended Friday, according to CoinShares data. It was the 11th successive week of inflows into Ether ETPs. Could sustained buying into…

OFAC’s Dropped Sanctions Against Tornado Cash Can’t Come Up at Trial, Judge Says

NEW YORK, New York — The U.S. Treasury Department’s Office of Foreign Asset Control’s (OFAC) sanctions against privacy tool Tornado Cash cannot be discussed at the upcoming trial of developer Roman Storm, a federal judge ruled Tuesday. At a status conference in Manhattan on Tuesday, District Judge Katherine Polk Failla initially waffled on whether she…