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Kasikornbank has acquired $103 million worth of shares of the Satang crypto exchange through its subsidiary Unita Capital. Thailand’s financial giant Kasikornbank (KBank) has bought 97% shares of the local crypto exchange dubbed Satang Pro, Thai newspaper Bangkok Biz News reports. In a regulatory filing, the bank said it had acquired 3.705 billion Thai baht (nearly $103 million) worth of shares in Satang’s parent company through Unita Capital, a subsidiary of KBank. Once the deal is done, KBank will rebrand Satang into Orbix as well as establish new arms, Orbix Custodian, Orbix Invest, and Orbix Technology, in a bid to expand crypto -related services in Thailand. You might also like: Thailand delays $15b crypto giveaway citing security concerns Established in 2017, Satang Pro is one of the few crypto exchanges in Thailand regulated by the Securities and Exchange Commission. In 2022, Thailand’s financial watchdog issued civil sanctions against Satang ...

The crypto currency Shiba Inu [SHIB], has gained a considerable following in the world of digital currencies. Nevertheless, recent allegations have sparked controversy concerning the project’s creator. Reports allege that Ryoshi owns an astonishing $1 billion in Shiba Inu tokens. These revelations have cast doubt over SHIB and raised concerns about the spread of inaccurate information. Shibburn, a burn tracker for SHIB operated by the community, has taken it upon itself to address the situation with a comprehensive statement. They have expressed increasing concern about the proliferation of conflicting narratives within the crypto currency community. Given the perplexity surrounding SHIB, Shibburn’s aim was to provide clarity. It went on to address the rumors suggesting that Ryoshi holds a substantial stake in SHIB. An overwhelming amount of misinformation is being spread about Shiba Inu. It's causing confusion for new investors, blogs, exchanges or any crypto project ...

In an Oct. 20 post, the Securities and Futures Commission (SFC) of Hong Kong shared updated guidelines that will supersede the January 2022 joint circular on virtual-asset-related activities. This comes after the SFC and the HKMA received an increasing number of enquiries from in termed iaries about the distribution of these assets. Following market developments In 2018, the SFC devised its regulatory framework for virtual assets, introducing a restriction that would limit various activities like the distribution of virtual asset funds to “professional investors only.”  Consequently, as stated in the release, a wider array of investment products have emerged, catering to both retail and professional investors offering exposure to virtual assets. As a result, the SFC has extended permission to SFC-licensed virtual asset trading platforms to serve retail investors, alongside authorization for public offerings of virtual asset futures exchange-traded funds in Hon...

The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have published a joint document that contains crypto entity suitability guidelines. Two projects from the paper involve assessing the suitability of members of management boards and shareholders or participants who hold significant stakes in asset-linked token (ART) issuers and crypto asset service providers (CASPs). The two agencies offer guidance to evaluate the suitability of shareholders or participants holding significant stakes in ART or CASP issuers. You might also like: EU finance ministers green light MiCA crypto regulation The new proposals aim to protect the integrity and instill confidence in the crypto currency market and related services while minimizing the potential for discrepancies in the application of rules and arbitration. However, the consultation period remains open until January 22, 2024. Before this, the European Union’s banking regulator called o...

The X account associated with American rapper Nelly has allegedly been hacked. According to blockchain investigator ZachXBT, the attacker used the musician’s profile to launch social engineering attacks and lure people to a crypto-phishing site. The attacker also changed Nelly’s profile, posing as a security analyst for Scam Sniffer, a web security solution. “On-chain security analyst. Helping you catch scammers @realscamsniffer.” Nelly’s account bio ZachXBT cited two messages sent by the scammer to people in which he tried to claim that they were investigating the compromise of wallet confirmation on recipient addresses. This was also an attempt to steal funds by tricking users into signing malicious transactions. Scam Sniffer on X confirmed the ZachXBT report: @NellioETH is compromise d and pretending to be a member of ScamSniffer. they are trying to message people in an attempt to social engineer them into using a phishing site. please always ma...

Singapore’s Attorney General’s Office has officially established two force s dealing with crypto , including assisting police in tracking and confiscating crypto currencies. Deputy Chief Prosecutor of the Attorney General’s Office Ong Shuren told Lianhe Zaobao that Singapore has always been quick to embrace the latest technology. It also force s our nation’s Attorney General’s Office and law en force ment agencies to keep up with the times and understand how criminals use technology and the new crime patterns that arise from it. The two groups focus on technology crime and virtual currency, respectively. This year, it formally established two task forces to address new challenges: the Technology Crime Working Group (Technology Crime Task Force) and the Cryptocurrency Task Force. You might also like: Singapore police report higher total involved in money laundering case The Technology Crime Working Group focuses primarily on computer or technolo...

Amid the escalation of the Hamas-Israel war, the cryptocurrency market has turned its eyes to the Middle East’s secular conflicts, while humanity suffers from war crimes and the number of reported victims continues to increase. In this context, the Israeli police were able to freeze and seize crypto accounts on Binance, supposedly linked to Hamas on October 10, according to a local media outlet. As reported, the cyber arm of Israel Police’s Lahav 433 unit worked with the country’s defense ministry, intelligence agencies, and Binance to identify and freeze the crypto accounts they allege were being used to finance Hamas’ terror. Additionally, any funds seized will be kept by the Israeli national treasury, per an official announcement. Hamas-Israel escalation, financing, and crypto seizures Notably, the United States Commodities Futures and Trading Commission (CFTC) filed a lawsuit against Changpeng Zhao (CZ), CEO at Binance, in March 2023 related to accusations of allowing the...

In a high-volatility space, buying crypto currencies can sometimes feel similar to ‘trick-or-treating’ during Halloween festivities. While most value investors and crypto traders are continuously looking for ‘sweet candies’ with good picks to bring positive results, making the right choices can sometimes be ‘tricky’. Therefore, Finbold has turned to crypto experts, project fundamentals, technical Analysis , and leading indicators to select three possible good picks to buy and hold before October 31, 2023. It is important to say that this brief list, despite considering multiple factors, can not guarantee any positive returns, and must be used with caution. These picks should be just one small part of a bigger work of proper individual research and due diligence, to mitigate investment risks, and increase the expected results on each purchase. Additionally, the list was ordered by market cap, and the picks do not include the two leading cryptocurrencies: Bitcoin (BTC) and Ethereum...

Bollinger Bands are volatility indicators utilizing price bands. Traders buy near the lower band and sell near the upper band. A technical analysis tool called Bollinger Bands uses price volatility to provide probable entry and exit opportunities in trading. They are made up of two outer bands or lines and a centerline (the simple moving average for a 20-day period), which enlarges and contracts in response to changes in price. For thorough market analysis, they are frequently utilized in conjunction with other technical indicators. Bollinger Bands, explained Bollinger Bands were created by John Bollinger in the 1980s. They are a useful technical analysis tool used in cryptocurrency trading and other financial markets to evaluate price volatility, pinpoint probable reversal points, and make trading decisions. The three bands that help construct a Bollinger Band include: Upper band The upper band is created by multiplying the middle band by the price’s standard deviation. A price’s vol...

The Lazarus Group has mastered the art of stealing crypto investors’ assets. Here are a few tips on how investors can protect their portfolios. Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollars can leave your digital wallet. It is possible to substantially bolster the security of your funds by heeding three simple guidelines that will be outlined in this article. But before delving into these, it's crucial to understand the type of threat that exists today.  FBI has clear evidence on the Lazarus Group The Lazarus Group is a North Korean state-sponsored hacking group, known for their sophisticated attacks linked to various cyberattacks and cybercriminal activities, including the WannaCry ransomware attack. WannaCry disrupted critical services in numerous organizations, including healthcare institutions and government agencies by encrypting files on infected computers and demanding a ran...

Renowned entrepreneur and Dallas Mavericks owner Mark Cuban reportedly fell victim to a crypto currency scam, resulting in a loss of nearly $870,000 across various digital assets. How Mark Cuban fell victim According to DL News, Blockchain sleuth WazzCrypto was the first to detect suspicious activities on a wallet titled “Mark Cuban 2” on EtherScan. Cuban was caught off guard when DL News informed him about the suspicious wallet movements. The billionaire later confirmed that he had been scammed, saying, “Someone got me for 5 ETH.” Cuban believes the exploit happened when he accessed MetaMask for the first time in months. You might also like: https://crypto.news/mark-cuban-calls-for-simplified-sec-crypto-regulations/ However, his losses weren’t limited to just five Ether, which is approximately worth $9,000 at current market rates. In total, Cuban lost close to $870,000, in about 10 different crypto currencies. Among the notable assets he los...

The Shiba Inu [SHIB] ecosystem has been placing substantial bets and patiently waiting for the meme coin to reach one cent. Nevertheless, some members of the community have more ambitious aspirations for this asset. Shibarium, the layer-2 protocol, has recently started gaining momentum. SHIB is currently experiencing a surge in positive sentiment, with its price increasing for the fourth consecutive day. Despite the overall bearishness of the market, this upturn in SHIB’s value could potentially foreshadow a more substantial and noteworthy surge in the near future. At press time, SHIB is trading at $0.000007395, showing a daily increase of 1.82%. To reach 89 cents from its current price, SHIB would need to experience a substantial increase of approximately 13,517,898%. But how long and when will SHIB reach 89 cents? Also Read: Shiba Inu’s Greatest Trade of All Time: $8,000 Turns to $5.7 Billion SHIB to 89 cents Peering into the future, Google Bard’s predictions o...

The Autorité des Marchés Financiers says the initiative should help professionalize commercial influence . France’s financial regulator, the Autorité des Marchés Financiers (AMF), has revealed a new online general training course to grant legitimate influencers a certificate. In a press release, the agency said the initiative should help “professionalize commercial influence , an activity that is now regulated by law.” Influencers should give at least 75% correct answers to 25 multiple-choice questions to pass the so-called Responsible Influence Certificate. However, to obtain the certificate , influencers must also get the General Certificate, developed by the Autorité de Régulation Professionnelle de la Publicité. The regulator emphasized the training module covers not only traditional investment products such as equities or ETFs, but also cryptocurrencies and crowdfunding. You might also like: France seeks way for fast-track crypto licenses as EU approv...

Police in Israel have accused crypto entrepreneur Moshe Hogeg and his partners of defrauding investors through a $290 million Scam involving multiple projects. The latest allegations come on the heels of a two-year investigation into the former Israel i Premier League football team owner. Israeli police accuses businessman Moshe Hogeg and his partners of defrauding investors of $290 million in a cryptocurrency scam https://t.co/3Nle8Eenqr — Bloomberg Crypto (@crypto) August 23, 2023 Also Read: Binance Might ‘Not’ be Manipulating the Bitcoin Market Yet Hogeg targeted Investors under false pretenses for four crypto projects. The entrepreneur then used the money for his own interests from 2017 to 2018. One notable purchase made by Hogeg using allegedly illegal funds was the ownership acquisition of the Beitar Jerusalem Football Club. He shelled out $7 million to buy the team. However, in August 2022, he sold it to entrepreneur Barak Abramov. The police ...

Glauber Contessoto, known as ‘SlumDOGE Millionaire,’ decided to jump on the Dogecoin bandwagon following Elon Musk’s active promotion of the asset on Twitter in 2020. He went on to take out all his savings and use his credit card to invest $250,000 in the meme coin. This investment saw his holdings surge to $3 million at a certain juncture. Contessoto chose to retain his holdings without selling them. Presently, Dogecoin has plummeted by more than 90% from its peak value of $0.73 in May 2021. Therefore, Contessoto has seen the value of his holdings dwindle to as low as $50,000. I used to have $3 Million in # Dogecoin Now it’s $50,000 What happened? 😣 pic.twitter.com/tOw2pNTPaI — SlumDOGE Millionaire (@ProTheDoge) August 23, 2023 Contessoto posted the above-mentioned tweet, highlighting his angst. Shortly after, responses from the cryptocurrency community started flooding in. Many individuals advised him to liquidate his holdings. How...

A pan- India crypto fraud scheme was recently busted by the Economic Offence Wing of the Odisha police. The prime accused in the case has also been arrested. The multi-media Ponzi Scheme involved more than ₹1000 crore [$120.69 million] invested by users into the STA token. #WATCH | Bhubaneswar: On a Rs 1,000 crore crypto currency scam, (IG EOW) JN Pankaj says, "Odisha (EOW) has busted a very big multimedia, pyramid structure, ponzi scam…We have got to know that people have invested more than Rs 1,000 crores in this scam across India . Around 10,000… pic.twitter.com/K0UZACouCg — ANI (@ANI) August 8, 2023 The head of STA Token, Gurtej Sigh Sidhu, and the Odisha unit head, Nirod Das, were arrested by the police. Victims from different states of India, including Delhi, Jharkhand, and Rajasthan were lured into this Ponzi scheme. Revealing further details regarding how the scam, EOW Odisha, JN Pankaj, said, “Approximately 2 lakh people are membe...

A hacker who stole up to $73.5 million, mostly in ether, from DeFi lending protocol Curve, has returned around $52.3 million of the stolen funds. The funds were returned after Curve sent the hacker a message telling them they could keep 10% if they returned the rest. The hacker agreed and, apparently, even made sure to communicate with Curve operators to confirm that the address given for the refund was correct. These communications were made on the Ethereum blockchain, which can be used to send written messages. The funds were returned just in time as Curve founder and CEO Michael Egorov risked getting liquidated on an $85 million loan backed by $168 million worth of CRV tokens. Egorov’s liquidation is estimated to happen when CRV dips below $0.4. He’d previously avoided liquidation by selling CRV tokens to various crypto investors including Tron’s Justin Sun and Machi Big Brother . The current price of CRV is at $0.62 but momentarily fell below $0.5 last Tuesday....