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The UK’s National Crime Agency (NCA) is forming a special team to investigate crypto crimes to prevent virtual asset fraud. According to a vacancy posted by the NCA, the agency is looking for six people to create a new team that will investigate crypto crimes. The working group will be part of the National Cyber Crime Unit (NCCU) or the Digital Assets Unit. Salary varies from £42,109 to £45,605. Requirements for candidates include analyzing various materials and suspicious cryptocurrency transactions, monitoring blockchains, and interacting with law enforcement and regulatory authorities. The NCA has stressed that it intends to form a dedicated team of “cryptocurrency investigators” amid rising cyber threats. The move demonstrates the UK’s intention to become a crypto hub as local authorities continue to debate the creation of a regulated environment that protects the interests of users. You might also like: UK legislation on confiscating illegal crypto assets of...

BitGo originally announced it was setting up two regulated custodial entities in Germany and Switzerland in February 2020. Major cryptocurrency custody firm BitGo is reportedly expanding its regulatory compliance in Germany more than three years after launching a dedicated local subsidiary. BitGo has obtained a crypto currency license from the German Federal Financial Supervisory Authority (BaFin), according to a Nov. 1 report by Finance Magnates. The firm has been storing crypto assets like Bitcoin (BTC) for its clients since 2019 under the supervision of BaFin as part of a transitional regime, the report notes. The German license secures BitGo's presence in the European market and is an important milestone for BitGo, BitGo Europe managing director Dejan Maljevic said. “BaFin is recognized as one of the world’s key trendsetters in crypto regulation,” Maljevic noted, adding that the license “enables the progress that digital currencies entail while creating a secure regulatory ...

Backpack, a leading provider of blockchain-based financial services, has announced the launch of its crypto currency exchange , Backpack Exchange. The new platform has received approval for a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Asset Regulatory Authority (VARA), marking a significant milestone in the company’s expansion into the digital asset market. The Backpack Exchange aims to provide a secure and user-friendly trading environment for both retail and institutional investors. Additionally, Backpack Exchange plans to introduce innovative Features such as staking, lending and margin trading to cater to the diverse needs of its users. You might also like: Crypto custodian BitGo eyes Dubai expansion, applies for license The approval of the VASP license by VARA is a testament to Backpack’s commitment to regulatory compliance and security. VARA is known for its stringent regulatory framework, which ensures that licensed entities ad...

Phishing scammers have been spreading fake news of a $37 million dollar Uniswap exploit using a convincing fake Blockworks website. Phishing scammers have cloned the websites of crypto media outlet Blockworks and Ethereum blockchain scanner Etherscan to trick unsuspecting readers into interacting with a phishing site. A cloned Blockworks site displays a fake "BREAKING" news report of a supposed multimillion-dollar “approvals exploit” on the decentralized exchange Uniswap and encourages users to a faked Etherscan website to rescind approvals. The fake Blockworks website (left) shows a fake breaking news story of a Uniswap exploit compared to the legitimate website (right). The fake Etherscan website, displaying a purported token and smart contract approval checker, instead contains a smart contract that would likely drain a crypto wallet when connected. Related: 85% of crypto rug pulls in Q3 didn’t report audits: Hacken The phishing website (left) compared to the legitim...

When delving into the realm of content creation, three key elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as the gauge for text complexity, while burstiness explores the diversity of sentence structures. Predictability, on the other hand, delves into the likelihood of accurately guessing the following sentence. Humans, in their writing, often infuse a blend of sentence lengths, featuring both elaborate and succinct expressions. In contrast, AI-generated sentences tend to exhibit uniformity. Hence, when tasked with crafting the forthcoming content, it is imperative to infuse it with a substantial dose of perplexity and burstiness while minimizing predictability. Additionally, the medium of communication must remain exclusively in English. Now, let’s transform the provided text: In a curious twist of fortune-telling, a Thai seer once claimed to have foreseen the cryptocurrency market’s resurgenc...

Blockchain analytics provider Elliptic refuted claims made in a Wall Street Journal article that misinterpreted its data and incorrectly said Hamas raised millions in crypto currencies.  Elliptic’s rebuttal is a response to an article from the Wall Street Journal (WSJ) titled “Hamas Militants Behind Israel Attack Raised Millions in Crypto” and similar pieces by two WSJ authors; Angus Berwick and Ian Talley. Senator Elizabeth Warren used the report as her sole citation in a letter pushing for additional anti- crypto measures and systems on Oct. 17.  Over 100 lawmakers, 20 percent of the U.S. Congress, signed Warren’s letter alleging that Hamas raised north of $90 million in Bitcoin and cryptocurrencies. The document was addressed to top national securities agencies like the Treasury Department. There is no evidence to suggest that crypto fundraising has raised anything close to this amount, and data provided by Elliptic and others has been misinterpreted. We have spoke...

Shiba Inu’s token burn process has taken an interesting turn, with Shibburn, the community-driven burn tracker. It confirms that burns occurring outside of Layer-1 will not have an impact on SHIB’s overall supply. This revelation came following the inaugural token burn on Shibarium, Shiba Inu’s Layer-2 network. This was conducted by Shib CoOp, a community-driven Metaverse real estate project. The firm went on to cause the destruction of 97 million SHIB tokens. Another first on #Shibarium. @ShibCoOp 1st to Burn $SHIB on Shibarium. 97 Million 🔥🔥🔥 Wondering when @Shibburn will be able to track these burn transactions? pic.twitter.com/5za15ZtFkY — Shib CoOp – Land Community & Builders (@ShibCoOp) October 18, 2023 This event marked a significant milestone for Shibarium, prompting inquiries about how such burns would be tracked. The Shib CoOp team sought information on when Shibburn would begin monitoring burns of this nature. ...

TLDR InQubeta’s fractional investment protocol can open new opportunities for venture capital investors. Despite the token’s struggling prices, Shiba Inu’s burning program and Shibarium look promising Despite not being their reference token, XRP showed potential benefits to the Swiss Bank. At the Sibos 2023 conference, Switzerland said it plans to incorporate its Central Bank Digital Currency (CBDC) into live transactions. It was initially believed that they would adopt XRP for settlement, but this was incorrect. XRP remains under pressure at spot rates. Despite this, InQubeta (QUBE) and Shiba Inu (SHIB) continue to play critical roles in the market. You might also like: Analyst: InQubeta and Solana deserve closer examination InQubeta is a project seeking to transform investment in crypto artificial intelligence (AI) startups. On the other hand, Shiba Inu is a meme coin project with a secure and decentralized ecosystem. SHIB and QUBE are edging higher...

Cointelegraph’s new Research Terminal offers a slick new look and more features to help retail and institutional investors navigate the crypto space. In a rapidly changing blockchain and crypto currency landscape, staying informed is crucial. Cointelegraph has launched its new Research Terminal — an all-in-one destination for comprehensive crypto insights, detailed report s and extensive data.  The revamped terminal offers an improved user experience with a user-friendly interface, making it effortless to explore our wealth of content, whether on a desktop or mobile device. Check out the new Cointelegraph Research Terminal here The updated Cointelegraph Research Terminal covers the crypto ecosystem like never before. Cointelegraph Research is still committed to free public reports An important part of the mission at Cointelegraph and Cointelegraph Research is to provide the most up-to-date information on the ever-changing blockchain industry and cryptocurrency landscape. This remains...

Shiba Inu made its debut as ‘Dogecoin Killer.’ Right since its initial days, it managed to captivate investors with its meme-inspired branding, accessible price and the potential for explosive growth. Those who ventured into the market and consistently invested in the meme coin fetched significant returns. In this article, we will explore the state of investors who invested $100 in SHIB every month since Sept. 28, 2020. The astounding return today sits at an astonishing $30.8 million. This remarkable return on investment has thrust SHIB into the spotlight, garnering the interest of both newcomers and experienced investors. Also Read: Shiba Inu To Reach 1 Cent?: These 2 Factors Could Send SHIB to $0.01 The Strength of Consistency Shiba Inu’s trajectory in the crypto currency landscape has been truly remarkable. Initially introduced as a lighthearted and meme-inspired digital currency, SHIB swiftly gained momentum. The project’s founder, who goes by the...

How to Trace Bitcoin Address Owners: A Comprehensive Guide for Financial Institutions In the world of cryptocurrencies, Bitcoin is renowned for its anonymity. It allows users to send and receive payments without revealing their real-world identities. However, it is possible to trace the owners of Bitcoin addresses through various methods and techniques. Financial institutions, law enforcement agencies, and other entities involved in combating illicit activities often need to identify the individuals behind Bitcoin addresses to prevent money laundering, fraud, and other criminal activities. In this comprehensive guide, we will explore thie strategies and tools that can be used to trace Bitcoin address owners Also read: Bitcoin Could Hit $28,000 But Faces 13% Correction Risk Source: Bitcoinist Understanding Bitcoin Addresses Before diving into the methods of tracing Bitcoin address owners, it is essential to understand the basics of Bitcoin addresses. A Bitcoin address is...

This year, there has been significant buzz surrounding Bitcoin spot exchange-traded funds [ETFs], with many prominent industry participants joining in. The U.S. Securities and Exchange Commission [SEC] is known for its consistent pattern of postponing crypto ETF proposals, and it appears that the trend will continue in 2023. In a notice dated Sept. 26, the SEC announced its intention to extend the timeframe for considering the approval or disapproval. This modification is related to enabling the ARK 21Shares Bitcoin spot ETF to be listed on the Cboe BZX Exchange. The SEC’s filing further read, “The Commission designates January 10, 2024, as the date by which the Commission shall either approve or disapprove the proposed rule change.” The previous extension, granted on Aug. 11, had provided the regulatory authority with a timeframe until Nov. 11 to render a decision concerning approval, disapproval, or an additional delay. It’s worth mentioning that no...

The crypto market continues to be in a macro-bear run. At the peak of 2021’s bull market, the worth of all assets in the crypto market stood around $3 trillion. However, the number is down to $1 trillion at the moment. As illustrated below, the market initially corrected for a period of seven months between mid-November 2021 and early June 2022. Right after, it stepped into its consolidation phase and has been stuck in that zone ever since. Crypto Total Market Cap by TradingView Also Read: Bitcoin Market to See Capital Influx of $300 Billion: Morgan Creek CEO Is the Crypto Market Gearing to Recover? Over the past six months, BTC has lost 4.8% of its value. However, in the year-to-date frame, it was up 58%. Likewise, ETH was up 32%, while ADA was in a break-even state. Thus, even though the state of affairs looks bleak in the short term, it should be noted that gradual progress is being made by individual crypto assets. Source: Vecteezy Also Read: 97.5% of New Bitco...

The unlicensed exchange allegedly solicited than $128 million from users before being reprimanded by the Hong Kong Securities and Futures Commission. Troubled Hong Kong crypto exchange JPEX has applied for deregistration in Australia. According to a filing seen by Cointelegraph on September 20, Jieyi Chen, director of JP-EX Crypto Asset Platform PTY LTD (JPEX), has filed a deregistration application with the Australian Securities and Investment Commission (ASIC). In the filing, JPEX claims that all members of the company agree to the deregistration , the company is no longer carrying business, its assets do not exceed $1000 Australian Dollars, and carries no liabilities. On September 13, during the Token2049 conference in Singapore, the JPEX team allegedly abandoned its corporate booth after Hong Kong police arrested six JPEX employees on charges of fraud for operating an unlicensed crypto exchange . The Hong Kong Securities and Futures Commission (SFC) said on the same day that it...

A CoinEx hot wallet transferred $27.8 million of various tokens to a wallet with no previous history, leading experts to suspect a cyberattack. On Sept. 12, crypto exchange CoinEx experienced abnormally large outflows to an address with no prior history, leading security experts to suspect the exchange was hacked . Blockchain security platform Cyvers Alerts has estimated the losses to be approximately $27 million. Red CodeOur AI-powered model detected suspicious transactions related to @coinexcom 2 hours ago The potentially stolen funds amount to $18.12M #Eth $8.5M #Tron and $291K in #Polygon Possible causes: access control violations, private key leakage, rug pulling, insider job https://t.co/Wzw84azM9M pic.twitter.com/2bqHmE18Sr — Cyvers Alerts (@CyversAlerts) September 12, 2023 At approximately 1:21 p.m. UTC on Sept. 12, a known CoinEx hot wallet transferred around 4,947 Ether (ETH), worth $7.9 million at the time, to Ethereum account 0x8bf8cd7F001D0584F98F53a3d82eD0...

Mirror Trading International (MTI) is convicted by a U.S. court for deceiving victims in a Bitcoin scam, facing a restitution order of $1.7 billion. The U.S. Commodity Futures Trading Commission (CFTC) revealed that Mirror Trading International Proprietary Limited (MTI) has been convicted in a crypto currency fraud case. The complaint against the South African firm was lodged on June 30. MTI had falsely promised victims trading intelligence software that utilized Bitcoin (BTC). The company and its CEO misled users by offering participation in an unregistered commodity pool in return for Bitcoins. They managed to deceive victims into contributing a staggering 29,421 BTC. As a result of the verdict, MTI is mandated to reimburse the victims an estimated $1.7 billion and will be barred from trading in CFTC markets. You might also like: UN report links SE Asia crypto scams to human trafficking The rise and impact of crypto scams With the surge in crypto currency adoption, sc...

The FTX estate recently published an amended statement of financial affairs which details the known contracts, assets, and liabilities for FTX companies. Among the contracts is one for ‘fiat integration and revolving loan agreement’ with iFinex Inc. that’s dated October 16, 2020. iFinex is one of the entities that operates the Bitfinex cryptocurrency exchange, the sister firm of the world’s largest stablecoin Tether. Protos has reached out to Bitfinex to determine the nature of this agreement and whether or not the company has exposure to FTX. Tether has previously stated that “Tether is completely unexposed to Alameda Research or FTX.”  Tether Papers: This is exactly who acquired 70% of all USDT ever issued Previous Protos reporting has pointed out that Alameda Research was one of the largest issuers of Tethers, receiving in excess of $36.7 billion worth of the token . After iFinex and Alameda Research entered into this agreement , the q...