Notorious Pink Drainer retires after hitting $85M theft milestone
Pink Drainer, infamous for aiding in crypto thefts, shut down operations after amassing over $85 million in stolen assets.
Day: 18 May 2024
Hong Kong digital yuan pilot lacks P2P capabilities
While Hong Kong residents can sign up for a digital yuan wallet with a phone number, the CBDC is currently...
Ghana, Singapore conduct trade in semi-fungible token pilot project
Project DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, with an emphasis on...
Blockchain gaming investments reached nearly $1B in April
The investment figures come alongside a record high 2.9 million daily unique active wallets (dUAW) for the month.
Tornado Cash founder sent to prison, DeFi’s EU struggles: Finance Redefined
The Tornado Cash developer has been detained in the Netherlands since August 2022 after the United States government blacklisted Tornado...
US Treasury strategy would tighten virtual asset regulations, increase AI use
The Treasury’s fight against illicit finance will focus on better regulations, greater enforcement and AI.
Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million
In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in...
Binance Aids Taiwan in Busting $6M Crypto Money Laundering Ring
Binance’s Financial Crimes Compliance Department recently collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office...
Dolce & Gabbana Sued Over $6,000 NFTs Losing 97% Value
Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for...
‘Big Short’ Investor Michael Burry Goes Hard on Gold, Invests $10 Million in Q1
Michael Burry, an investor famous for making a fortune by anticipating the 2007 subprime mortgage crisis, made a sizable bet...
