Report: US Probes Bitmain Over Bitcoin Miners, Espionage Risks

[ad_1] Bitmain Technologies is reportedly under a federal investigation, dubbed Operation Red Sunset, to determine whether its devices pose a threat to U.S. national security. Federal Probe and Scope of Investigation Bitmain... Read more »

AUSTRAC Targets Crypto ATM Operator for Money Laundering Risks

[ad_1] The Australian financial crime regulator has taken action against crypto ATM operator Cryptolink for its failure to report large cash transactions on time. Crypto ATMs Labeled ‘Highest-Risk’ Channel for Money Laundering... Read more »

Bitcoin Risks Drop To $108K, But Dip Buyers Step In

[ad_1] Key points:  Bitcoin’s sell-off intensified, but data shows spot buyers increasing their allocation size.  Liquidation heatmap data suggests the sell-off could extend to $107,000. Bitcoin (BTC) fell to a two-week low... Read more »

Fiji Reaffirms Ban on Crypto Service Providers Over Financial Crime Risks

[ad_1] Fiji’s National Anti-Money Laundering Council (NAML) has reaffirmed its ban on virtual asset service providers (VASPs), arguing that the decentralized and anonymous nature of virtual assets makes them vulnerable to criminal... Read more »

Nigerian Anti-Corruption Agency Chair Warns of Crypto Risks and Calls for Stronger Regulation

[ad_1] The chairman of Nigerian anti-corruption body has issued a stark warning that Nigeria’s financial system is highly vulnerable to large-scale abuse if the country’s cryptocurrency activities remain unregulated. Collaboration for Compliance... Read more »

Bitcoin Risks Losing $108,000 In A Month-End Sell-Off

[ad_1] Key points: Bitcoin sees a fresh round of selling at the Wall Street open, taking the price toward $108,000. Multiweek lows come thanks to whales offloading large tranches of BTC. US... Read more »