ChainCatcher news, according to Decrypt, the founder of the phishing-as-a-service (PhaaS) provider LabHost, Zak Coyn, has been sentenced to eight and a half years in prison. According to the UK Crown Prosecution Service, the 24-year-old gained $230,000 worth of cryptocurrency by designing and operating the website, which was laundered through multiple wallets and ultimately converted into cash by third parties before being transferred to his bank.It is estimated that thousands of criminals in 91 countries used LabHost to carry out scams, with the total number of victims exceeding one million.Previous news, police from multiple countries jointly cracked down on LabHost's phishing services.

ChainCatcher news, according to Bitcoin.com News, based on records from the Central Reserve Bank of El Salvador, among the 181 registered Bitcoin Service Providers (BSPs) in the country, only 20 are actively operating, accounting for just 11%. This includes the official digital wallet Chivo, which will be dissolved according to the agreement reached between the government and the International Monetary Fund (IMF). Although El Salvador is one of the first countries to open its doors to Bitcoin and cryptocurrency services, local interest in these solutions has remained low.

ChainCatcher news, the Central Bank of Bahrain (CBB) has granted a payment service provider license to Binance subsidiary BPay Global to operate in the Kingdom of Bahrain. The PSP license will allow the company to offer fiat services to Binance customers globally, including fiat deposits and withdrawals, custody, and other payment services. This is also the first payment service provider license obtained by a company under Binance.

ChainCatcher news, according to a memorandum submitted to the U.S. Securities and Exchange Commission (SEC) by the crypto regulatory service provider CoinRegTech, the company suggests that the SEC should clarify that digital asset securities trading, whether "on-chain" or "off-chain," should adhere to the same trading reporting requirements as standard securities.CoinRegTech also提出三项关键建议：The SEC should address investor protection issues arising from off-chain trading on trading platforms;Revise the Securities Exchange Act rules to require timely reporting of all digital asset securities transactions;Jointly authorize and regulate a Digital Asset Trading Repository (DART) with the Commodity Futures Trading Commission (CFTC) to record all transactions and customer ownership information.The memorandum is a response to the SEC's public request for comments on the cryptocurrency 2.0 working group, aimed at advancing the mission of protecting retail investors, providing legal certainty, and promoting financial innovation.

ChainCatcher news, according to Cointelegraph, the Argentine National Securities Commission (CNV) has finalized regulatory rules for Virtual Asset Service Providers (VASP).The new regulations cover registration obligations, cybersecurity, asset custody, anti-money laundering, and risk disclosure, requiring mandatory separation of company and client funds, annual audits, and monthly reports to the CNV. Starting in 2024, VASPs operating in Argentina must register with the Virtual Asset Service Provider Registry (PSAV), and violators may have their registration revoked.CNV Chairman Roberto E. Silva stated that institutions failing to comply with the regulations will not be able to operate in Argentina.

ChainCatcher message, the Sui ecosystem lending protocol Suilend posted on platform X 1 hour ago stating: "Due to issues with a third-party custody service provider, we are currently experiencing an interruption. Our team is actively investigating this issue and working to resolve it as soon as possible. Funds are safe as this is just a front-end issue."Regarding this issue, Suilend has just released an update stating: "We have identified the problem and are actively seeking a solution." Upon checking, the Suilend front-end has not yet been restored.

ChainCatcher news, according to PR Newswire, digital asset insurance provider Soter Insure, incubated by Further Ventures and WebN Group, has completed a Series A funding round led by Galaxy, with participation from Brevan Howard Digital, Karatage, Token Bay, Pharsalus, and others. The specific investment amount has not been disclosed.Soter Insure primarily provides digital asset insurance products in the Web3 market for financial institutions, covering areas such as smart contract failures. The new funds will be used to expand the product range.

ChainCatcher news, according to the virtual asset enterprise registration status released by the Financial Intelligence Unit (FIU) under the Financial Services Commission of Korea, the total number of virtual asset enterprises in South Korea is 31. Among the previously registered 42 enterprises, 11 have been removed from the list, including Gdac, Probit, Huobi Korea, and others.

ChainCatcher news, cryptocurrency payment solution provider Alchemy Pay has announced that it has registered as a digital currency exchange service provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC). This registration will enable Alchemy Pay to provide Australian users with secure and seamless fiat-to-cryptocurrency payment services.

ChainCatcher news, according to GlobeNewswire, DeFi staking service provider Amerany announced the completion of a $2 million Series A funding round, with investor information not yet disclosed. The new funds are intended for upgrading the infrastructure of its multi-chain staking platform.Currently, the platform supports more than 10 blockchains, including Ethereum (ETH), Aptos (APT), and Optimism (OP). It is reported that Amerany has also launched a bug bounty program with a scale of $100,000.

ChainCatcher news, the commercial financial services and technology company SMC Entertainment announced the acquisition of 100% of the shares of the UK cryptocurrency service provider Flax Tech Ltd. The specific acquisition amount has not been disclosed, and the final purchase agreement will be signed after the due diligence is completed. After the transaction is completed, Flax will operate as a subsidiary.

ChainCatcher news, according to Veronika Rinecker, the European Securities and Markets Authority (ESMA) has ordered crypto asset service providers (CASP) to delist stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA). Although ESMA did not specify which non-compliant issuers or stablecoins should be restricted, this move follows the guidelines from the European Commission in July 2024, aimed at clarifying how MiCA applies to crypto assets involving non-compliant stablecoins.Prior to this, the European Banking Authority (EBA) had urged stakeholders to assess the MiCA compliance of the tokens they offer and to cease providing services related to non-compliant assets.It is reported that MiCA will come into effect on June 30, 2024, establishing a regulatory framework for the issuance and trading of asset-referenced tokens (ART) or stablecoins and electronic money tokens (EMT).

ChainCatcher message, Ethereum co-founder Vitalik Buterin stated on social media: "I personally oppose staking through service providers for the Ethereum Foundation; we should set an example in supporting independent staking. Staking pools are a good option for those who cannot stake on their own, but the Ethereum Foundation is not in that situation; we have far more than 32 ETH in assets and a large number of technically skilled node operators.Moreover, this is also more conducive to the idea of 'understanding the problems that need to be solved more directly through the actual use of technology.'"

ChainCatcher news, according to Jin10 reports, Apple Pay and other digital wallet service providers will be regulated by the rules of the U.S. Consumer Financial Protection Bureau.

ChainCatcher news, according to official sources, Canadian-listed Solana blockchain and ecosystem infrastructure company Sol Strategies has announced the acquisition of on-chain validator service provider Orangefin Ventures. The specific acquisition amount has not been disclosed, and Orangefin Ventures founder Max Kaplan will join the company as the head of staking operations.According to disclosed data, after the completion of this acquisition, Sol Strategies has increased the number of SOL tokens staked in its validator business to 1,505,145, valued at over 400 million Canadian dollars.ChainCatcher previously reported that the publicly listed company Sol Strategies (stock code: CYFRF, HODL.CN) announced on Monday that it will invest 25 million Canadian dollars in the Solana ecosystem through unsecured credit instruments.

ChainCatcher news, the cryptocurrency exchange Bitfinex announced that its derivatives platform Bitfinex Derivatives has obtained a digital asset service provider license in El Salvador and is transitioning to this jurisdiction. To continue using the derivatives services on or after this date, users will need to accept the terms of service of Bitfinex Derivatives El Salvador SA de CV.

ChainCatcher news, according to official information, HashKey Group has announced that it has obtained registration approval as a Virtual Asset Service Provider (VASP) from the Central Bank of Ireland. This is the first VASP license for HashKey Group that is fully compliant with the EU's Fifth Anti-Money Laundering Directive (AMLD5). The VASP registration allows HashKey Europe Limited to provide regulated services, including: exchange between virtual assets and fiat currency, exchange between one or more forms of virtual assets, virtual asset transfers, custody wallet services, and more.

ChainCatcher news, Gate Group has acquired all issued shares of the Japanese cryptocurrency service provider Coin Master Co., Ltd. Coin Master will officially be renamed "Gate Japan KK" (abbreviated as "Gate Japan").Gate's acquisition of Coin Master aims to provide a localized digital asset trading platform that complies with local regulations, thereby strengthening Gate's commitment to meet the specific needs of Japanese users and further expanding its business operations in Japan.

ChainCatcher news, video sharing platform and cloud service provider Rumble (NASDAQ: RUM) announced that it has reached a final agreement with USDT issuer Tether to secure a strategic investment of $775 million.The investment and tender offer are expected to be completed in the first quarter of 2025. Rumble is a high-growth video platform and cloud service provider that is creating independent infrastructure.

ChainCatcher news, the cross-border payment service provider Juicyway, based on stablecoins, announced the completion of a $3 million Pre-Seed funding round, with participation from P1 Ventures, Ventures Platform Fund, and Future Africa.Juicyway primarily utilizes stablecoins and cryptocurrencies to simplify cross-border settlements by bypassing traditional intermediaries and reducing transaction delays. The new funds are intended to support its provision of accessible quasi-banking and crypto wallet services, enabling seamless deposit and withdrawal services with stablecoins acting as a bridge, facilitating instant settlements and reducing reliance on highly volatile currencies.