Six members of a Texas-based drug ring have been sentenced for their roles in a dark web drug operation, which laundered up to $ 50,000 per month in cryptocurrency. The group, operating as “Loverbois,” sold nearly 12 kilograms of meth. They processed about 20 drug orders daily between July 2019 and December 2020. Sentences …
Eighteen individuals and entities have been charged with fraud and market manipulation in the cryptocurrency industry. The charges involve deceptive practices such as wash trading and pump-and-dump schemes that inflated token prices, resulting in the seizure of $ 25 million in cryptocurrency. As part of “Operation Token Mirrors,” the Federal Bureau of Investigation (FBI) …
Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central Bank of Brazil indicates that crypto assets and recreational services account for $ 14.7 billion that flowed out of Brazil through August, hinting at the use of virtual assets as payment tools. Cryptocurrency …
Two cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies allegedly lured investors with promises of huge returns, but later blocked withdrawals and demanded extra fees. An investor lost $ 64,000 to one platform after being asked for a “safety reserve” fee. The platforms are accused of exploiting …
Nubank, the Latam-focused fintech company, recently lowered its cryptocurrency trading fees from 0.8% to 0.6% for each transaction completed. The platform allows for purchasing and selling 15 different cryptocurrencies, including bitcoin (BTC), ether (ETH), solana (SOL), and the USDC stablecoin, among others. Nubank has been lowering its trading rates since last year when it charged […]