ChainCatcher news, according to official sources, Worldcoin has announced the launch of the World ID verification service in Panama.

ChainCatcher news, according to official documents, a federal jury in Massachusetts found 36-year-old Alan Joseph from Lancaster guilty of illegally operating a cryptocurrency exchange business on November 22.Prosecutors accused him of conducting at least four illegal cash-to-Bitcoin transactions between August 2020 and February 2021, including a suspicious transaction of $25,000. The court determined that Joseph violated federal law by converting cash from suspected counterfeit luxury goods transactions into Bitcoin without registering as a money transmission business.According to sentencing guidelines, money laundering can carry a maximum sentence of 20 years in prison, while illegally operating a money transmission business can result in a maximum of 5 years in prison, with each charge carrying a maximum fine of $250,000. The court is scheduled to deliver its sentence on February 24, 2025.

ChainCatcher message, Sui announced a partnership with Babylon and Lombard to provide users with LBTC minting services on the Sui chain. The Sui lending protocol NAVI has also indicated plans to collaborate with Lombard and support LBTC mining pools on the protocol.

ChainCatcher message, Slow Mist founder Yu Xian stated on social media: "Directly submitting the DEXX theft form information to our victims exceeds 1,000, and there are many more victims contacted through various channels along with our security team. The losses vary in size, and the general statistics have been disclosed before. However, there are still many that have not been submitted. We are continuously conducting various complex cross-analyses with DEXX officials and partners to avoid false reports while hoping to collect as comprehensively as possible. This is a complex task.We know everyone is anxious. In addition to the DEXX officials filing a police report, several victims have also reported to the police. As a security company, Slow Mist has an obligation to cooperate with law enforcement, and the content of law enforcement actions will not be disclosed without authorization."

ChainCatcher message, the CEO of cryptocurrency investment firm FRNT Financial Inc., Stephane Ouellette, stated, "Since Trump's victory, Bitcoin has been overbought, so the stagnation in its rise is a normal phenomenon, meaning that last weekend's market movement can hardly be considered a correction; we are simply back to the mid-levels of last week."Data shows that since Trump's victory, a large amount of capital has flowed into U.S. spot ETFs directly investing in Bitcoin, with the assets of these products now reaching $107 billion.

ChainCatcher news, the Bangko Sentral ng Pilipinas (BSP) plans to tighten reporting requirements for virtual asset service providers (VASP) to enhance data collection and supervision. The BSP released a draft notice over the weekend, revealing that a new reporting portal for all VASPs will be launched by January 1, 2025.The notice outlines the new reporting requirements aimed at bridging data gaps, reducing information discrepancies, improving data collection, and enhancing the quality of data related to virtual assets and VASPs.According to the bank, VASPs will be required to submit 13 reports at different intervals. Monthly, they must submit two reports on transaction volume, value, and total assets under custody. Seven reports are required quarterly, including data on operational offices, websites, and account holder statistics. Additionally, three reports must be submitted biannually. An audited financial statement must also be provided annually.VASPs must submit currency service business reports using existing channels in the first two quarters of 2025. After that, unless otherwise instructed, all submissions must switch to the new reporting portal.Entities that fail to comply with these requirements will face enforcement actions. VASPs must submit feedback on the proposed changes by December 13.

ChainCatcher news, according to the official announcement, Binance has now completed the mainnet integration of Cyber (CYBER) and has opened deposit and withdrawal services.

ChainCatcher news reports that, according to the U.S. police, a Florida man impersonated billionaire Elon Musk on Facebook and scammed over $250,000 from an elderly woman.Earlier this week, police arrested 56-year-old Jeffrey Moynihan, Jr. on charges of grand theft. The Bradenton Police Department stated that financial records show the victim, a woman from Texas, sent at least $250,000 to Moynihan's company in Florida. The victim's husband further told police that she had sent a total of "about $600,000" to Moynihan.Bradenton police said they arrested Moynihan at his home on November 19, noting that the real Elon Musk was likely busy with the sixth SpaceX Starship test flight that day.Police stated that the 74-year-old victim became friends on Facebook with an account named "Elon Musk" in 2023. The woman communicated with the fake account for "months," during which the impersonator encouraged her to invest in his business.The "fake Musk" promised the woman a $55 million return on her investment. However, police indicated that the money went directly into Moynihan and his company "Jeff's Painting and Pressure Washing, LLC" bank accounts.In body camera footage released by the police, Moynihan questioned why they had issued an arrest warrant when he was taken into custody. He asked in the video, "Grand theft? What did I steal?" It is currently unclear whether Moynihan has hired a lawyer. The Bradenton Police Department has not yet commented on this matter.

ChainCatcher news, according to Cryptonews, the chairman of the Financial Services Commission (FSC) of South Korea, Kim Byung-hwan, stated in a television interview that there are currently no plans to establish a national Bitcoin reserve.Kim Byung-hwan pointed out that South Korea will make decisions after observing the reactions of other countries to Trump's cryptocurrency adoption plan. He emphasized that the FSC currently prioritizes investor protection issues and remains vigilant about the rapid growth of the cryptocurrency market. It is reported that although South Korea implemented the "Virtual Asset Protection Act" in July this year, regulatory agencies still need to carefully assess the actual impact of cryptocurrency assets on the economy.

ChainCatcher news, according to Ming Pao, Hong Kong digital bank ZA Bank announced today the launch of cryptocurrency trading services on its app, becoming the first bank in Asia to offer such services to retail users. Users can buy and sell Bitcoin and Ethereum using Hong Kong dollars and US dollars.The entry threshold for this service is 70 USD or 600 HKD, with a commission of 1.99 USD or 15 HKD per transaction, and a platform fee of 1.5% of the transaction amount. ZA Bank will implement promotional policies by the end of June 2025, including waiving commissions and reducing the platform fee to 0.8%. ZA Bank's acting CEO, Wu Zhonghao, stated that the bank achieved monthly profitability in July this year, and this new business is expected to further drive revenue growth.

ChainCatcher news, Elon Musk confirmed in response to a social media post featuring a dollar sign icon on podcast giant Joe Rogan's profile that X is preparing to launch a remittance feature in its X Payments service.This feature is part of Musk's strategy to transform X into a WeChat-like "super app." X Payments LLC has obtained remittance licenses in most states in the U.S. (excluding New York), laying the groundwork for integrating payment services on the platform. The planned peer-to-peer transaction feature aims to enhance user engagement by enabling direct remittances within the platform.While details regarding potential cryptocurrency integration have not been confirmed, given Musk's longstanding support for Dogecoin, the community speculates that this cryptocurrency is likely to be included.Earlier in September, it was reported that Musk's wholly-owned subsidiary X Payments obtained a money transfer license in Oklahoma, and it has now accumulated money transfer licenses in 37 states across the U.S. Reportedly, X Payments aims to seek licensing in all 50 states and hopes to launch payment services across the U.S. later this year.

ChainCatcher news, according to Cointelegraph, the nonprofit cryptocurrency advocacy organization Coin Center warns that while a Trump victory would be good for the cryptocurrency industry, entrenched policies could still scare away American cryptocurrency innovators.Coin Center's research director Van Valkenburgh analyzed the prospects for U.S. crypto policy after the 2024 election in an article and shared three major "serious threats" facing U.S. crypto users and developers in 2025. One major threat comes from the cryptocurrency reporting requirements set forth in U.S. tax code Section 6050I, which mandates that individuals receiving more than $10,000 in cryptocurrency report it to the IRS without a license. The second and third major threats stem from sanctions imposed on Tornado Cash, including unlicensed remittance criminal charges against mixing services and Samourai Wallet.

ChainCatcher news, according to Crowdfund Insider, Crypto.com has acquired global financial trading and brokerage services company Charterprime Ltd., which holds an investment dealer license and a global business license issued by the Mauritius Financial Services Commission.Crypto.com CEO Kris Marszalek stated that this acquisition is the latest step in its roadmap to "integrate traditional finance and crypto tools into a simple app with rewards."

ChainCatcher news, according to Forbes, hardware wallet manufacturer Ledger has sold over 7 million devices and currently manages about 20% of the world's crypto assets, valued at approximately $400 billion.Ledger CEO Pascal Gauthier stated that the company is expanding from cryptocurrency security to a broader cybersecurity field. The Security Key application launched in September this year has entered the authentication market, which is expected to reach a market size of $40 billion by 2030.It is worth noting that Ledger has completed a total of $600 million in financing, including $380 million in Series C funding in 2021 at a valuation of $1.5 billion, and an additional $108 million in financing at the same valuation in early 2023.

ChainCatcher news, according to Chainwire, the Turkish crypto asset technology company Paribu has announced the launch of Paribu Custody services, providing digital asset custody and management services for global institutional clients. Since its establishment in 2017, the platform has accumulated 7 million users.Cem Sağlam, Paribu's Institutional Sales and Business Development Manager, stated that the company's self-developed ColdShield® technology integrates MPC, SGX, and HSM technologies, dispersing customer private keys across multiple independent environments to ensure that no individual or organization can access the complete private key.

ChainCatcher news, according to CoinDesk, UK Economic Secretary Tulip Siddiq announced at the City & Financial Global Tokenization Summit in London on November 22, 2024, that the UK plans to launch a regulatory framework for the cryptocurrency industry in early 2025. The new framework will separate stablecoins from the existing payment system and establish specific regulations for staking services to prevent them from being classified as collective investment schemes.This move ends the uncertainty in the market regarding the direction of cryptocurrency regulation since the Labour government took office in July 2024. The previous Conservative government had already included cryptocurrencies in the scope of regulated activities under the Financial Services and Markets Bill.

ChainCatcher news, South Korean virtual asset exchange Upbit announced that it has refunded approximately 8.5 billion won (about 6.07 million USD) to around 380 victims of telecom fraud. The operator Dunamu utilized a real-time abnormal transaction monitoring system (FDS) to freeze the affected funds and collaborated with the Seoul Metropolitan Police Agency to advance the refund process. In February of this year, refunds of about 5 billion won were made to 246 victims, and this time an additional 3.5 billion won was refunded to 134 victims.Upbit stated that it will continue to strengthen monitoring and collaboration to protect user assets from telecom fraud.

ChainCatcher news, according to a trademark application submitted this week, the Trump Media & Technology Group has filed for a cryptocurrency payment service named TruthFi, describing it as a platform for crypto payments, financial custody services, and digital asset trading.The application does not detail how the project will operate, aiming to diversify its business beyond the social media platform Truth Social. Any large-scale crypto project will likely require the Trump Media & Technology Group to acquire another company, as it has fewer than 36 employees.