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FBI Warns of Growing $55 Billion Business Email Scam

The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global losses over a decade. The scam has affected…

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French Court Extends Telegram CEO Pavel Durov’s Police Custody

French prosecutors have announced that an investigative judge extended the police custody of Pavel Durov, CEO of Telegram, on Monday evening for up to 48 hours. After that, French authorities…

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Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sales Growth

After its oversubscribed initial public offering (IPO), Phoenix Group, a Dubai-based company specializing in bitcoin mining and blockchain infrastructure, has announced a significant 50% increase in net income. The firm…

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Easy Way To Obtain Crypto License in Dubai: Gofaizen and Sherle Launches A New Service

PRESS RELEASE. Tallinn, Estonia – Gofaizen & Sherle, a leading fintech and crypto consultancy firm based in Estonia, has recently launched its first crypto product for the United Arab Emirates…

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Ripple CEO: XRP lawsuit resolved by June, SEC conduct ‘embarrassing’

Ripple CEO Brad Garlinghouse said the firm’s XRP lawsuit could come to an end within “single-digit months.”

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Terra co-founder Do Kwon hiding out in Serbia, says authorities

South Korean authorities have requested cooperation from the Serbian government in order to bring Kwon back to face charges in South Korea.

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Data From October Shows Gold Reserves Held by Central Banks Tapped the Highest Level in 47 Years

Following the World Gold Council’s (WGC) third-quarter report that shows central banks purchased a record amount of gold, data released by the WGC shows that central banks are buying more…

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UAE Now Requires Agents to Report Real Estate Transactions Where Virtual Currency Is Used as Payment

The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual…

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Crypto.com gets nod in Dubai and FTX launches in Japan

Crypto.com will have further requirements before its full license is granted in the “near-term” and FTX said the move would allow it to work “directly with Japanese regulators.”

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