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Australian Authorities Bust $124M Crypto Laundering Scheme, Charge Four, Freeze $13.7M
Australian authorities have dismantled a highly complex money laundering operation in Queensland that allegedly saw $124 million in cash converted into cryptocurrency. The long-running investigation, led by the Australian Federal Police (AFP) and involving multiple agencies, has resulted in charges...
Fortune 500 Stablecoin Adoption Explodes: 29% of Execs Now Plan to Use Them
A Coinbase report shows Fortune 500 interest in stablecoins has tripled in just one year. Today, 29% of executives plan to use them, up from a mere 8% in 2024. Adoption is growing. About 7% of surveyed firms already use...
Crypto Scam Ring Members Plead Guilty in $36.9M Fraud Targeting Americans
Five men have admitted to laundering $36.9 million stolen from U.S. victims in a sophisticated crypto scam scheme tied to Cambodia. According to the U.S. Department of Justice (DoJ), the defendants—Joseph Wong, Yicheng Zhang, Jose Somarriba, Shengsheng He, and Jingliang...
Metaplanet’s $5.4B Bitcoin Bet Sends Stock Soaring 22%
Metaplanet’s stock jumped 22% to ¥1,641 at the open on June 9, as investors reacted to the Japanese firm’s announcement of a ¥770.9 billion ($5.4 billion) Bitcoin buying spree. To fund the move, the company will issue 555 million moving-strike...
Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people.
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He who controls the money supply of a nation controls the nation.
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