Sebastian Serrano, CEO of Ripio, one of the largest exchanges in Latam, stated that Brazilian companies were already harnessing cryptocurrency to pay their Chinese suppliers. In an interview, Serrano asserted that Latam countries harnessed crypto in different ways and that Argentine companies are using cryptocurrency to protect from crippling inflation numbers. Ripio CEO Sebastian Serrano: […]
Abu Dhabi Regulator Prohibits Cryptocurrency Mining on Farms, Threatens Fines Up to $2,700
The Abu Dhabi Agriculture and Food Safety Authority in the UAE has issued a new advisory prohibiting the use of farms for cryptocurrency mining. The advisory explicitly states that farms cannot be repurposed for cryptocurrency mining, which authorities consider a “misuse of the farm for purposes other than its intended use. Farmers caught engaging in […]
Malaysian Authorities Bust Syndicate Accused of Laundering Fraud Proceeds via Cryptocurrency
Law enforcement officials in Malaysia recently arrested ten individuals linked to a criminal syndicate that allegedly used cryptocurrencies to launder fraudulent proceeds. Assets, including motor vehicles, valued at more than $ 7.7 million were seized, and bank accounts holding approximately $ 10.8 million were frozen. Syndicate Accused of Channeling Illegally Acquired Funds into …
Federal Reserve Poll Reveals Only 7% Used Cryptocurrency in 2023; Contradicts Coinbase Data
The “Economic Well-Being of U.S. Households in 2023” survey, prepared by the Federal Reserve and executed by Ipsos, has revealed that only 7% of the people polled held or used cryptocurrency in the U.S. The survey, which included 11,400 respondents, contrasts with the over 52 million U.S. citizens who crypto exchange Coinbase claims hold crypto […]
Ebury Botnet Expanding: Malware Continues to Steal Cryptocurrency
ESET Research has disclosed that the Ebury botnet, a formidable malware campaign targeting servers, is still active and expanding. Initially recognized for its capability as a server-side backdoor, Ebury has compromised roughly 400,000 Linux, FreeBSD, and OpenBSD servers, with over 100,000 still affected as of late 2023. The operators of Ebury have diversified their illegal […]