Abkhazia resumes crackdown on cryptocurrency mining
Russia has been providing commercial electricity to Abkhazia since November. Local media reports that under this background, the authorities in Sukhumi have resumed their crackdown on cryptocurrency mining. The head of the capital, Beslan, emphasized that the authorities will tighten their means of combating illegal mining of cryptocurrency assets, and not only will the equipment be confiscated, but it will also be disposed of immediately. Astamur Haghush, the head of the Sukhumi Interior Ministry, said that inspections against mining have not stopped, and a total of 1,112 apartments, 712 households, and 405 basements have been inspected. Dzhambulat Arshba, the head of the SUES Energosbyt department, pointed out that by the end of this year, the number of electricity meters will reach about 13,000, and experts say this will cover more than 50% of users. Although cryptocurrency mining is currently prohibited, the regional authorities have approved special tariffs for miners in 2022.
RNDR rose more than 16% in 24 hours, temporarily trading at $3.271
RNDR rose to touch $3.334 before falling back and is now priced at $3.271 with a 24-hour increase of 16.15%.
497,757 CETH transferred from Compound to unknown wallet
Whale Alert monitored that at 21:34 today Beijing time,497,757CETH (valued at approximately $19,422,482) was transferred from Compound to an unknown wallet.
International Organization of Securities Commissions releases cryptocurrency regulatory recommendations
According to the International Organization of Securities Commissions (IOSCO), it has released regulatory proposals for cryptocurrencies on Friday. The aim is to help establish a global regulatory framework to address the risks posed by cryptocurrency service providers. IOSCO has been consulting on rules for the cryptocurrency industry since May, covering issues such as market abuse, conflicts of interest, protection of client assets, disclosure of information, and risks related to cryptocurrencies. <br>
Several U.S. states have ordered GS Partners to cease operations after the project was accused of defrauding investors in multiple cryptocurrency schemes.
According to reports, several states in the United States have ordered GS Partners to cease operations and accused GS Partners of deceiving investors in multiple cryptocurrency schemes. GS Partners is an organization that includes GSB Gold Standard Bank Ltd., Swiss Valorem Bank Ltd., and GSB Gold Standard Corporation AG, all of which are controlled by Josip Dortmund Heit.
CFTC Commissioner: Rules governing cryptocurrencies could come in coming weeks
Christy Goldsmith Romero and Kristin Johnson, commissioners of the US Commodity Futures Trading Commission (CFTC), are urging the agency to issue rules or guidance to address conflicts of interest in the cryptocurrency space and protect consumers. Johnson stated at a meeting at the Atlanta Federal Reserve Bank that the collapse of FTX, Binance, Celsius, and Voyager demonstrate the need to protect cryptocurrency assets through the segregation of customer deposits, and the CFTC should "immediately develop regulatory guidance on asset custody." Johnson added that rules governing cryptocurrency management may be issued in the coming weeks.
UK bank Lloyds issues 'urgent warning' on rising threat of crypto scams
Lloyds, a mainstream retail and commercial bank in the UK, has issued an "urgent warning" about the growing threat of cryptocurrency fraud. The UK bank points out that cryptocurrency investment fraud has increased by 23% this year, with victims losing an average of £10,741 ($13,343), more than any other type of consumer fraud. The bank stated: "Cryptocurrency is a high-risk asset category and is essentially unregulated, making it an attractive field for fraudsters to exploit. If there is a problem, you are unlikely to get your money back."
Three Men Accused of Duping New York Banks Out of $10 Million Through Fraudulent Transfers and Crypto Conversions
Three men have been accused of stealing over $10 million from multiple New York-area banks between 2018 and 2022 by posing as victims of fraudulent money transfers. They allegedly converted the stolen funds into cryptocurrency in an attempt to make off with the money. The accused individuals have been arrested by the FBI and face charges including bank fraud conspiracy, money laundering conspiracy, and aggravated identity theft. The authorities have warned fraudsters and cybercriminals that they will be held accountable for their crimes, even if they try to use cryptocurrency to hide their identities.
NYDFS launches stricter cryptocurrency listing and delisting guidelines
Adrienne A. Harris, the head of the New York State Department of Financial Services (NYDFS), announced on Wednesday that the department has strengthened its guidance on cryptocurrency listings and delistings to better protect cryptocurrency investors throughout the state.
U.S. Treasury Secretary Yellen: Plans to discuss cryptocurrency regulation at APEC meeting
US Treasury Secretary Yellen announced plans to discuss regulatory issues surrounding cryptocurrency, stablecoins, and central bank digital currencies (CBDCs) at the Asia-Pacific Economic Cooperation (APEC) summit. Yellen said she looks forward to hearing about the role that crypto assets and blockchain technology can play in the financial system, as well as the regulatory direction of their respective supervisory departments.
