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Wazirx to Resume INR Withdrawals Up to 66% — Crypto Withdrawals Remain Suspended

Indian crypto exchange Wazirx has announced that INR withdrawals will resume in phases starting on Aug. 26, following a cyberattack that disrupted services. To manage crypto balances, Wazirx plans to…

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Clucoin Founder Pleads Guilty to Crypto Fraud, Confesses to Personal Use of Investor Funds

The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for…

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Brazilian Securities Regulator Greenlights Second Solana Spot ETF

The Brazilian Securities Regulator (CVM) approved a solana spot exchange-traded fund (ETF) on Tuesday, the second of its kind in the country. According to data from the CVM database, this…

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Binance Launches Mobile Money Feature for Crypto Transactions in Africa

Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile…

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Man Faces 20-Year Prison Sentence in Crypto Money Laundering Case

A Rhode Island resident has pleaded guilty to money laundering conspiracy linked to an international drug trafficking ring. The operation laundered over $25 million using cryptocurrency, with Villa directly involved…

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Pip Labs Raises $80 Million at a $2.25 Billion Valuation to Protect IP via Blockchain

Pip Labs has raised $80 million in a Series B funding round led by VC firm A16z, reaching a valuation of $2.25 billion. The round aims to extend the development…

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Taiwan Court Convicts 8 in Espionage Case Involving Crypto Payments

Taiwan’s high court on Thursday convicted eight people, including military personnel, of espionage for China, with payments allegedly made in cryptocurrency, the Central News Agency reported. The sentences range from…

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FBI Recovers $5 Million From Pig Butchering Crypto Scam

Authorities in North Carolina have seized nearly $5 million in cryptocurrency linked to an investment fraud scheme. The scheme, known as “pig butchering,” involved criminals creating fake romantic relationships to…

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Tim Draper Leads $2.5 Million Funding Round for Ark Labs to Advance Bitcoin Payment Solutions

Ark Labs has secured $2.5 million in pre-seed funding led by Tim Draper, aimed at advancing the Ark protocol for simplifying bitcoin payments. This funding will help Ark Labs enhance…

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