Binance Pushes for Global Expansion

Last month, #Binance unveiled its joint venture crypto exchange Binance Thailand, which came in collaboration with Gulf Innova, a subsidiary of Gulf Energy Development.

Binance Thailand, abbreviated as Binance TH, provides a platform for digital asset exchange services with Thai baht trading pairs.

It has also integrated with local banks in Thailand and forged a partnership with Binance Kazakhstan for brokerage services, all under the watchful supervision of Thailand’s SEC.

The move came as Binance.US and its global parent company, Binance, have faced regulatory scrutiny in recent months.

In June, the Securities and Exchange Commission (SEC) initiated an enforcement action against them, alleging the sale of unregistered securities.

The SEC lawsuit named Binance founder Changpeng Zhao as one of the defendants, accusing him of controlling Binance.US despite claiming it operated independently.

In November, Zhao stepped down as CEO and pleaded guilty to an anti-money laundering violation, agreeing to pay a $50 million fine.

Binance, as a company, also settled with the Justice Department, the Treasury Department, the Commodity Futures Trading Commission, and the Office of Foreign Assets Control, paying a hefty $4.3 billion in penalties
#Write2Earn #Thailand #USACryptoTrends $BNB

Wtyczka Crypto Widget WordPress oznaczona jako „krytyczne” ryzyko cyberbezpieczeństwa

Wtyczka widżetu kryptograficznego do systemu zarządzania treścią WordPress została wczoraj uznana za „krytyczne ryzyko cyberbezpieczeństwa”.

Biuletyn bezpieczeństwa wydany przez Cyber ​​Security Agency of Singapore (CSA) odnotował, że wtyczka o nazwie „The Cryptocurrency Widgets – Price Ticker & Coins List” została zidentyfikowana jako ryzyko cyberbezpieczeństwa i potencjalnie może zostać wykorzystana do wydobycia poufnych informacji.

Widżet kryptograficzny uzyskał wynik bazowy 9,8/10, co plasuje go w „krytycznej” grupie luk w zabezpieczeniach, których CSA używa do określania luk z minimalnym wynikiem 9/10.

National Vulnerability Database (NVD), rządowe repozytorium danych o zarządzaniu lukami w zabezpieczeniach opartych na standardach, poinformowało, że wtyczka kryptograficzna WordPress jest podatna na wstrzyknięcie kodu SQL za pośrednictwem parametru „coinslist” w wersjach od 2.0 do 2.6.5.

Ta luka wynikała z niewystarczającego ucieczki parametru dostarczonego przez użytkownika i nieodpowiedniego przygotowania istniejącego zapytania SQL. Umożliwiło to wyodrębnienie poufnych informacji z bazy danych, umożliwiając niezweryfikowanym atakującym dodanie dodatkowych zapytań w języku strukturalnym do istniejących.

Według firmy zajmującej się bezpieczeństwem CVE Program, widżet został dostarczony przez dostawcę zidentyfikowanego jako „narinder-singh”, a wersje od 2.0 do 2.6.5 zostały zidentyfikowane jako zawierające lukę.
#cybersecurity #Write2Earn #CryptoGuidance $BTC

Crypto at the Center of $300M Fraud Case in China.

21 people were sentenced in a case involving converting 'dirty' $USDC to RMB.

A court in Tongliang, #China – located near Chongqing – has sentenced 21 people for their role in transferring the proceeds of online fraud and illegal casinos denominated in Tether (USDT) to Chinese Yuan (RMB), totaling 2.25 billion RMB ($307 million).
According to a bulletin from the court, two defendants, with the surnames Jiang and Zheng, worked to recruit 19 other money mules. The group, according to court documents, used a decentralized wallet called Bitpie (similar to Metamask) to move the USDT to local P2P exchanges on virtual currency platforms to convert it to Reminbi.
They then withdrew the fiat currency in different cities around the country using false pretenses like project payments and workers’ wages when asked for a reason for the transfer. Court documents say that Jiang profited 22.62 million RMB ($3 million) for his efforts.
The court found the group guilty of disguising and concealing criminal proceeds, sentencing them to various prison terms and imposing fines, with Jiang getting six years, three months, and a 500,000 RMB fine. In comparison, Zheng was also fined the exact amount and was sentenced to 6 years.
Although the court document isn’t specific about where this USDT came from, it’s a popular digital asset used by fraud rings operating in Southeast Asia. In his new book, Number Go Up, Bloomberg journalist Zeke Faux documents how these gangs are effectively powered by Tether.
#Write2Earn #Scams $BTC $ETH

South Korean Crypto Crime on the Rise?

South Korean courts are becoming increasingly busy with crypto-related cases. Many of these pertain to little-known altcoins and bogus exchanges.

Earlier this month, two crypto exchange executives were jailed on altcoin price manipulation charges.

And a report claimed that South Korean public spaces are now “polluted” with crypto-powered dru*s left by narcotics dealers.

Police say that buyers pay dealers in crypto. The latter then leave bags of dr*gs hidden in water meters, elementary school playgrounds, apartment mailboxes, and drainpipes.
#SouthKorea #TrendingTopic #Write2Earn $XRP $SOL $ADA

Zbliża się ostateczny termin dla giełd kryptowalut w Hongkongu

Hongkong pozycjonuje się jako centrum kryptowalut, które przyciąga nowy kapitał i talenty. Wydaje się również, że chce odzyskać swoją pozycję globalnego centrum finansowego, chcąc wykorzystać rosnące zainteresowanie branży i inwestycje.

Rząd pragnie objąć ekosystem kryptowalut. Jest to widoczne poprzez wdrożenie nowych przepisów nadzorujących giełdy kryptowalut i umożliwiających handel inwestorom detalicznym.

Na początku tego tygodnia SFC w Hongkongu wydała ostrzeżenie dla inwestorów kryptowalutowych. Radzili korzystać wyłącznie z licencjonowanych platform transakcyjnych i namawiali do sprawdzenia statusu giełd, na których się zarejestrowali.

Ogłoszenie następuje w związku z tym, że platformy handlu wirtualnymi aktywami z siedzibą w Hongkongu muszą ubiegać się o licencje do 29 lutego lub zaprzestać działalności do końca maja.

Hongkong ma również zamiar pójść w ślady Stanów Zjednoczonych w zakresie zatwierdzania kasowych funduszy ETF Bitcoin. W grudniu zarówno SFC, jak i władze monetarne Hongkongu ogłosiły, że będą przyjmować wnioski o wirtualne fundusze ETF typu spot na aktywach. Zapewniły także standardy postępowania dla pośredników chcących dystrybuować te fundusze.
#Write2Earn #ETFDecision #HongKong $BTC $BNB $ETH

Spotting the FTC’s most reported crypto scams

If the cryptocurrency craze feels like a tempting way to make money, or you think you’re missing out, read on. Because, according to the FTC’s new data spotlight, scammers are banking on what you don’t know about cryptocurrency — or scammers’ tricks. And that could cost you serious money.

The FTC’s new data spotlight shows crypto is a common way for scammers to steal money, with over 46,000 people reporting losing more than a billion dollars in crypto to scams since the start of 2021. Many crypto scams begin with ads, posts, or messages on social media. And most crypto is lost to investment scams, where scammers get you to “invest” money, promising they’ll make you more — quickly. That’s a lie. You won’t make money and you’ll lose your initial “investment.”

Scammers lurk in online dating apps and on social media, too. These scams might also involve an investment: your new love interest might boast about being rich and offer to help you get started in crypto investing. Don’t do it — those “investments” go straight into their pockets.

Scammers also impersonate major companies and the government. They’ll use messages or pop-ups to claim there’s a problem with your accounts, or a security breach, and the only way to “protect” yourself is to put your money in crypto. Don’t. It’s a scam.

To steer clear of crypto cons:

Know that only scammers guarantee big payouts or fast, easy money. These lies get you to “invest” — but you won’t get any of your money back.
Don’t mix online dating and investment advice. If a new online love interest wants to show you how to invest in crypto, it’s a scam.
Spot the scammers asking you to send crypto. Real companies and government agencies will never tell you to buy cryptocurrency to sort out a problem or protect your money.
#Write2Earn #STX #Launchpool #

How to report a crypto scam

Anyone who believes they have seen a cryptocurrency scam or were part of a scam should report it immediately. Here are some organizations to report it to:

Commodity Futures Trading Commission (CFTC): CFTC.gov/complaint.
Federal Trade Commission (FTC): ReportFraud.ftc.gov.
Internet Crime Complaint Center (IC3): ic3.gov.
U.S. Securities and Exchange Commission (SEC): sec.gov/tcr.
In addition to the agencies listed above, the person should also immediately report to the cryptocurrency exchange used for the transaction.
#Write2Earn #DYM #ARB

How to protect your #BTC and cryptocurrency

To protect against cryptocurrency scams, some of the common red flags include the following:

Promises of large gains or double the investment.

Only accepting cryptocurrency as payment.

Contractual obligations.

Misspellings and grammatical errors in emails, social media posts or any other communication.

Manipulation tactics, such as extortion or blackmail.

Promises of free money.

Fake influencers or celebrity endorsements that seem out of place.

Minimal details about money movement and the investment.

Several transactions in one day.

Protect digital wallets from scammers by practicing good digital security habits such as To protect against cryptocurrency scams, some of the common red flags include the following:

Promises of large gains or double the investment.
Only accepting cryptocurrency as payment.
Contractual obligations.
Misspellings and grammatical errors in emails, social media posts or any other communication.
Manipulation tactics, such as extortion or blackmail.
Promises of free money.
Fake influencers or celebrity endorsements that seem out of place.
Minimal details about money movement and the investment.
Several transactions in one day.
Protect digital wallets from scammers by practicing good digital security habits such as strong passwords, using only secured connections or VPNs and choosing safe storage. There are two types of wallets: digital and hardware. Digital wallets are hosted online and have a higher rate of getting hacked. Hardware wallets store information, such as the cryptocurrency wallet and keys, offline within a device.

Cryptocurrency is not insured by the Federal Deposit Insurance Corporation, so keeping it safe is vital. Never give wallet keys or access codes to anyone.
#Write2Earn #ETH