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Story Highlights Patrick Gruhn, a former executive at FTX Europe, recently purchased a historic pocket watch from the Titanic for a record-breaking amount.     Sam Bankman-Fried, the founder of FTX US, is serving a lengthy sentence for orchestrating a financial fraud.     Gruhn intends to relaunch FTX Europe under a new name to distance himself from the…

A collaboration between blockchain forensic company Elliptic, IBM Watson, and MIT researchers has led to significant progress in utilizing artificial intelligence (AI) for the detection of money laundering activities on the Bitcoin blockchain. As per a recent report published by Elliptic on Wednesday, the researchers employed a deep learning model to effectively identify instances of…

Fejiro Hanu, CEO of Patricia Exchange, has dismissed speculations regarding the exchange’s closure, attributing them to media sensationalism intended to drive online engagement. Notably, Patricia Exchange holds the distinction of being the pioneering platform to provide cryptocurrency exchange services in Nigeria. Hanu emphasized, “I am done speaking to these fake outlets. I will speak directly…

Patrick Gruhn, renowned as the former head of FTX Europe, has made headlines with his recent acquisition of a significant historical artifact: a gold pocket watch from the Titanic, purchased for an astonishing sum of nearly $1.5 million. This acquisition sets a new record as the highest amount ever spent at auction on a piece…

In 2023, the UK’s Financial Conduct Authority (FCA) took a significant step in its efforts to combat financial crime by allocating nearly a third, or 30%, of its financial crime specialists to monitor and regulate crypto asset businesses. This allocation, revealed in a report released on May 1, underscores the FCA’s recognition of the growing…

In a significant development, Riot Platforms, a prominent Bitcoin mining firm, has disclosed an outstanding net income figure of $211.8 million for the first quarter of 2024. This remarkable achievement represents an astounding 1,000% surge compared to the corresponding period in the previous year, showcasing the substantial growth trajectory of the company. Despite this impressive…

Yaroslav Vasinskyi, widely recognized as “Rabotnik,” a Ukrainian national, now faces a significant prison term of 13 years and seven months as a consequence of his involvement in orchestrating a series of ransomware attacks. As revealed in a recent announcement by the Department of Justice on Wednesday, Vasinskyi’s criminal activities spanned over 2,500 ransomware attacks,…

In a thought-provoking op-ed published by Politics.co.uk on Thursday, Alun Cairns, a Conservative Member of Parliament in the UK, has urged the Financial Conduct Authority (FCA) to reconsider its current stance on banning cryptocurrency exchange-traded products (ETPs) for retail investors. Cairns expresses his apprehensions about the UK potentially lagging behind in the global financial landscape…

Summary XRP returns to bullish tracks, with sights set on $1 before the end of quarter two. NEAR Protocol trades on the upside, oblivious to bearish signals. Rebel Satoshi Arcade excites whales and is tipped for a 55x jump after its market debu As we embark on the journey through the second quarter of the…

The cryptocurrency market has experienced a notable resurgence, injecting approximately $60 billion into its overall valuation over the past day. This uptick comes as a welcomed relief following a period of significant cross-border market corrections earlier in the week. Despite this volatility, the leading cryptocurrency, Bitcoin (BTC), maintains its position with a value surpassing the…