#crypto

Social network X recently introduced an account named XPayments, signaling the potential launch of payment services on the platform soon.

The U.S. Commodity Futures Trading Commission (CFTC) has brought to light a scheme by Debiex's staff, who allegedly developed personal and even romantic relationships with potential customers to draw them into their trading platform. The CFTC has now sued Debiex, charging them with fraudulent activities.

The European Council and Parliament have tentatively agreed to bring the cryptocurrency market under the purview of EU anti-money laundering (AML) and anti-terrorism financing laws.

Indonesia's upcoming elections are poised to be a pivotal moment for the nation's approach to cryptocurrencies. Incumbent President Joko Widodo has been supportive of crypto companies and startups, despite implementing comprehensive regulations across the sector, including trading exchanges.

Despite restrictions, Chinese cryptocurrency enthusiasts are keeping the trade alive. Users are covertly meeting in public places like cafes, parks, and even laundromats to swap wallet addresses, trade assets, and exchange bank information for converting their crypto into fiat currency.

Brad Garlinghouse, CEO of Ripple, foresees an increase in cryptocurrency ETF approvals in 2024, especially in the wake of the SEC's recent green light for a spot Bitcoin ETF.

The parents of Sam Bankman-Fried, the founder of the now-defunct crypto exchange FTX (Joseph Bankman and Barbara Fried), are refusing to give back assets received from their son. They've requested the court to dismiss the lawsuit filed by the company, asserting their ignorance of any fraudulent activities and claiming that the exchange is unjustly trying to confiscate their property.