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Tether, OKX, and US DOJ Freezes $225M USDT Linked to Human Trafficking
Stablecoin issuer Tether has frozen over 225 million USDT associated with an international human trafficking and money laundering operation in Southeast Asia. The freeze, conducted in collaboration with OKX and the United States Department of Justice (DOJ), represents the largest ever by Tether. Tether USDT utilized blockchain analysis from Chainalysis to identify and track the......
Mastercard Partners with AI Firm to Boost Crypto Fraud Detection
Mastercard has announced a new partnership with Feedzai, an artificial intelligence company, to enhance its capabilities to detect and prevent cryptocurrency fraud. The collaboration will allow Mastercard to access Feedzai's AI and machine learning technology to analyze crypto transactions in real time. Feedzai will integrate its platform directly with Mastercard's CipherTrace Armada system to enable......
SEC Delays Rulings on Spot Bitcoin ETF Applications from Global X, Franklin Templeton
The US Securities and Exchange Commission has postponed decisions on spot bitcoin exchange-traded fund (ETF) applications from Global X and Franklin Templeton. The latest update is according to a recent note released by the SEC and tweets from ETF analyst James Seyffart. The delays were expected by industry experts. https://twitter.com/JSeyff/status/1725615324144271446 On Friday, Seyffart tweeted that......
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Today’s edition is brought to you by Dopex - a decentralized options exchange with cheap premiums and capital-efficient LP returns.Dopex v2: CLAMM is now live!GM. This is Milk Road, your crypto news jukebox, playing all the top market hits.It’s Friday. Let’s boogie:5 crypto tools you NEED to be using 🔧Putting the last rally into perspective......
Dubai Fines 18 Crypto Firms for VARA Regulatory Compliance Failure
Dubai Virtual Asset Regulatory Authority (VARA) announced it has fined 18 crypto companies so far for failing to engage with its licensing process before the November 17th deadline. VARA warned that additional enforcement actions are forthcoming. In the announcement, VARA stated: 18 Virtual Asset Service Providers (VASPs) licensed under the Department of Economy and Tourism......
Three Charged in $10,000,000 Crypto Money Laundering Scheme: DOJ
The US Department of Justice announced charges on Thursday against three individuals—Zhong Shi Gao, Naifeng Xu, and Fei Jiang—for allegedly perpetrating a complex crypto money laundering scheme to defraud banks of over $10 million. The trio allegedly laundered the stolen funds through cryptocurrency exchanges. Federal prosecutors with the US Attorney's Office for the Southern District......
🥛 Introducing the Milk Road Awards 🏆
Today’s edition is brought to you by Animus Technologies - an AI platform designed to develop data-driven trading strategies for cryptocurrencies.To leverage AI and start out-returning Bitcoin, book a call with them today!GM. This is Milk Road, where we digest the crypto news so you don't get an information bellyache.Here’s what we got for you......
BlackRock Ethereum ETF Filing Prompts Quick ETH Price Reaction
In the latest updates that surfaced in the crypto spot ETF realm, BlackRock officially filed an application with the SEC for a spot Ethereum exchange-traded fund (ETF). The proposed ETF would track the price of Ether under the 'iShares Ethereum Trust' brand. The S-1 filing comes just a week after BlackRock registered the iShares Ethereum......
ZachXBT Suspect Lendora Protocol of Planning Exit Scam, Website Goes Offline
Blockchain sleuth ZachXBT issued a public alert that lending protocol Lendora Protocol appears poised to execute a large-scale exit scam, potentially totaling millions in losses based on suspicious indicators. In a Twitter thread, ZachXBT revealed evidence raising exit scam concerns: $83,000 received by the Lendora team originates from the Kokomo Finance exit scam. Multiple Lendora......
SEC Delays Decisions on Hashdex and Grayscale Crypto ETF Filings, Bitcoin Reacts
The U.S. Securities and Exchange Commission (SEC) has announced delays in making decisions on two crypto ETF applications. The regulatory agency is extending its review period for both Hashdex's proposal to convert its bitcoin futures ETF into a spot bitcoin ETF and Grayscale's application for an ether futures ETF. The delays, announced in SEC filings......
