Federal authorities tracked down and seized more than 94,000 bitcoin allegedly stolen from Bitfinex. But how did they get their hands on the pseudonymous funds?

Since the advent of BTC, cryptocurrency has taken the world by storm. After a few years of uncertainty around its potency and prospects, cryptocurrency has again and again proven to be a mainstay in the financial assets space. The crypto space provides various earning opinions, but trading remains the most adopted. However, the volatility of [...]

The post Crypto4Winners: Next-gen crypto management appeared first on Blockonomi.

Binance’s launch of fiat-to-crypto payments provider Bifinity on Monday, March 7, has met with immediate resistance from U.K’s top regulatory body – Financial Conduct Authority (FCA). With Monday’s launch, Binance confirmed that its newly launched Bifinity service will advance a $36 million convertible loan to Eqonex. This gives Bifinity some specific contractual rights over Eqonex.

The post U.K’s FCA Threatens to Cancel License for Binance’s Newly Launched Service Bifinity appeared first on CoinGape.

Coinbase said it blocked tens of thousands of accounts linked to Russian individuals and entities suspected of "illicit" activity

The post Coinbase Blocks 25,000 Accounts Linked to Russia To ‘Support’ Sanctions appeared first on Blockworks.

Ron Wyden, a US Democrat Senator from Oregon and one of the most influential members of Congress in the country, has warned that a tough stance on cryptos could be unhealthy for the booming industry.

With the recent invasion of Ukraine by Russia, many have stated that the imposing nation is going to look to bitcoin and assorted cryptocurrencies to avoid or get around sanctions enforced by the United States and its allies. In response to this, the U.S. is now creating a special task force to prevent that from...

The post DOJ to Fight Crypto Money Laundering in Russia appeared first on Live Bitcoin News.

Today, Coinbase’s CFO Paul Grewal posted on the platform’s blog page announcing that Coinbase was already supporting the legal sanctions against Russia as a part of their goal to protect the integrity of all their transactions.

The post Coinbase clarifies they were already participating in Russian sanctions appeared first on CryptoSlate.

“Although we have not seen widespread evasion of our sanctions using methods such as cryptocurrency, prompt reporting of suspicious activity contributes to our national security and our efforts to support Ukraine and its people,” said Acting Director of FinCEN Him Das.

The post US AML watchdog issues alert on potential crypto sanctions evasion from Russia appeared first on The Block.

The UK’s Financial Conduct Authority has issued a statement on Monday about Bifinity’s $36 million convertible loan advance to EQONEX.

The UK's top financial watchdog says it opened 300 probes into unauthorized crypto operators between April and September last year.

The post UK financial watchdog probes 300 crypto startups in 6 months appeared first on Protos.

The two platforms work together to create posts that inform the crypto community on ways to maintain anonymity while trading, purchasing, and investing in digital assets. The content also informs users on the importance of vetting pre-sales to ensure they don't invest in phony tokens or lose money to rug pulls.

The educational platform also focuses on the importance of efficient smart contract audits for DeFi projects to eliminate bugs and other security loopholes that bad actors can exploit.

The increasing fraudulent schemes call for innovative solutions and education to protect DeFi market participants. SolidProof, a leading blockchain audit company, has stepped up to help safeguard the $69.43 billion locked in various DeFi protocols.

The Go-to Platform for Efficient Audit Solutions

Solidproof launched in 2021 to bring transformational audit solutions to DeFi, making the space safer for all users. The project has introduced proper audit tools that empower established and new projects to secure their protocol by rooting out vulnerabilities and inefficiencies. 

Solidproof also offers a built-in Know Your Customer (KYC) solution that verifies users' identities to protect blockchain-based projects from money laundering and terrorist financing risks. The KYC process also vets the team behind a project, guaranteeing investors that the developers are qualified, legitimate, and well-intentioned. 

The German-based company recently introduced its smart contact audit automation tool that promises to be a game-changer in the industry. The auto tool shortens the time needed to review and analyze complex DeFi code and tax systems. It also fine-tunes the audit process, making it possible to discover hard-to-find vulnerabilities that manual testing often misses. 

The auto tool solution enhances the firm's ability to produce reliable audit reports for numerous blockchain platforms. So far, over 350 projects have chosen trust made in Germany to safeguard their code and build up their credibility in the DeFi sector. 

Launchpad platforms such as Unicrypt have also integrated SolidProof's easy-to-use auto tool on their websites, allowing upcoming projects to seamlessly conduct an audit and KYC before launch.

About SolidProof

Solidproof is a leader in smart contract security solutions that brings accurate, reliable, affordable smart contract audits made in Germany to the DeFi sector. The firm plays a significant role in eradicating scams and fraud from the DeFi space with its revolutionary audit and KYC services. 

The blockchain auditor has secured hundreds of projects, helping instill trust in the fast-growing DeFi industry. To learn more about Solidproof's security solutions and connect with its community, click on the links below:

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