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Bitcoin ransomware Akira drains $42M from more than 250 companies: FBI

The U.S. FBI found that the Akira ransomware group has been targeting businesses and critical infrastructure entities in North America, Europe and Australia since March 2023.

Akira, a year-old ransomware group, breached more than 250 organizations and extracted approximately $42 million in ransomware proceeds, top global cybersecurity agencies alerted.

Investigations conducted by the United States Federal Bureau of Investigation (FBI) found that Akira ransomware has been targeting businesses and critical infrastructure entities in North America, Europe and Australia since March 2023. While the ransomware initially targeted Windows systems, the FBI recently found Akira’s Linux variant as well.

The FBI, along with Cybersecurity and Infrastructure Security Agency (CISA), Europol’s European Cybercrime Centre (EC3) and the Netherlands’ National Cyber Security Centre (NCSC-NL), released a joint cybersecurity advisory (CSA) to “disseminate” the threat to masses.

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New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Cyprus keeps FTX Europe license suspended until September

Formerly known as Digital Assets AG, FTX Europe was originally founded as a Swiss startup and was sold back to its original founders after FTX’s bankruptcy.

The saga of the collapsed cryptocurrency exchange FTX has been inching toward a conclusion but some former parts of the FTX empire are still struggling to continue operations.

The Cyprus Securities and Exchange Commission (SEC) has extended the suspension of FTX Europe’s license, prohibiting the firm from offering services until September 2024.

Cyprus' securities regulator officially announced the news on April 16, declaring that FTX Europe must proceed with necessary actions to comply with the relevant provisions of The Investment Services and Activities and Regulated Markets Law.

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New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

New Restrictions on Anonymous Crypto and Cash Transactions Approved by EU Officials

New Restrictions on Anonymous Crypto and Cash Transactions Approved by EU Officials

European Union (EU) officials are greenlighting new restrictions on anonymous transactions that involve crypto assets and cash. Reporting on the social media platform X, Patrick Breyer, a German member of the EU Parliament, says that EU officials are banning cash payments over €10,000 ($10,862), anonymous cash payments over €3,000 ($3,258), and crypto payments to hosted […]

The post New Restrictions on Anonymous Crypto and Cash Transactions Approved by EU Officials appeared first on The Daily Hodl.

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Coinbase Looking at New Licensing for Offering Crypto Derivative Products in Europe

Coinbase Looking at New Licensing for Offering Crypto Derivative Products in Europe

Top US crypto exchange Coinbase is in the process of launching digital asset derivative products in “select countries” in the European Union (EU). The exchange notes in a recent announcement that it’s acquiring a European Union Markets in Financial Instruments Directive (MiFID) licensed entity based in Cyprus. Coinbase says the entity would expand its derivative […]

The post Coinbase Looking at New Licensing for Offering Crypto Derivative Products in Europe appeared first on The Daily Hodl.

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

USDC Issuer Circle Secures ‘Conditional’ Registration To Operate in France After Coinbase Receives Green Light

USDC Issuer Circle Secures ‘Conditional’ Registration To Operate in France After Coinbase Receives Green Light

Financial markets regulators in France just granted USDC stablecoin issuer Circle a conditional registration as a Digital Asset Service Provider (DASP). The French Financial Markets Authority (AMF) requires DASPs to register to operate as a crypto trading platform or to provide services related to digital asset custody, buying and selling of cryptocurrencies in a legal […]

The post USDC Issuer Circle Secures ‘Conditional’ Registration To Operate in France After Coinbase Receives Green Light appeared first on The Daily Hodl.

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Central Bank of Ireland Adds Ripple to List of Registered Virtual Asset Service Providers

Central Bank of Ireland Adds Ripple to List of Registered Virtual Asset Service Providers

Blockchain-based payments firm Ripple Labs can now provide certain digital asset services in Ireland. In a new statement, the San Francisco-based firm says the Central Bank of Ireland (CBI) has just granted its local subsidiary, Ripple Markets Ireland Limited, the license to operate as a Virtual Asset Service Provider (VASP). VASPs can carry out transactions […]

The post Central Bank of Ireland Adds Ripple to List of Registered Virtual Asset Service Providers appeared first on The Daily Hodl.

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

Deutsche Bank Subsidiary Forms Partnership With Galaxy Digital and Other Firms To Launch New Euro Stablecoin

Deutsche Bank Subsidiary Forms Partnership With Galaxy Digital and Other Firms To Launch New Euro Stablecoin

The asset management arm of German financial services giant Deutsche Bank is collaborating with crypto firm Galaxy Digital and others to launch a new Euro-pegged stablecoin. In a new press release, DWS Group says it’s partnering up with Galaxy Digital and trading firm Flow Traders to form AllUnity, a company that plans to issue a […]

The post Deutsche Bank Subsidiary Forms Partnership With Galaxy Digital and Other Firms To Launch New Euro Stablecoin appeared first on The Daily Hodl.

New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

ATHDAOx: Building the future of Web3 in physical-digital with DAOs

The DAO-centric event took place in Athens, Greece over two days and focused on everything from governance and legal issues to community building and security.

ATHDAOx, an event in the tradition of the Solana Hacker House, took place on Dec. 9 and 10 in Athens, Greece, to discuss all things decentralized autonomous organization (DAO).

From governance and legalities to community building and security, the event brought together the local DAO-focused community in Greece and abroad.

Cointelegraph was on the ground for the event and spoke with one of the event’s founders, Dimitris, aka Takisoul, about his experience building a physical space to discuss digital communities.

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New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why

CZ must stay, Do Kwon to be extradited: Law Decoded

A Seattle district court ruled out CZ’s departure to the UAE, and the Montenegrin justice minister plans to grant the United States request for Do Kwon’s extradition.

Binance founder Changpeng “CZ” Zhao has been ordered to stay in the United States until his sentencing in February 2024, with a federal judge determining there’s too much of a flight risk if the former exchange CEO is allowed to return to the United Arab Emirates. Seattle district court Judge Richard Jones wrote in his order:

“The defendant has enormous wealth and property abroad, and no ties to the United States [...] His family resides in the UAE and it appears that he has favored status in the UAE. Under these circumstances, the Court finds that the defendant has not established by clear and convincing evidence that he is not likely to flee if he returns to the UAE.”

Jones accepted Zhao’s guilty plea to one count of Bank Secrecy Act violations, which the Binance founder submitted over two weeks ago on Nov. 21 alongside a $4.3 billion settlement with U.S. agencies. Now, the ex-CEO of Binance faces up to 18 months in prison.

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New Altcoin Season Now in Sight, According to Crypto Strategist – Here’s Why