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#digitalassets

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US seizes Russian crypto exchange websites, charges head of site with money laundering

The Justice Department said that since April 2019, Garantex has processed $96 billion in crypto transactions and noted that those proceeds were allegedly used to fund illicit activities.

abcnews.go.com/Politics/us-sei

ABC News · US seizes Russian crypto exchange websites, charges head of site with money launderingBy Luke Barr

More from the #idiocracy:

#Trump announced the names of 3 #cryptocurrencies to be included in a new US #crypto strategic reserve on Sunday, spiking the value of each in #market trading.

Trump said on social media that his January #ExecutiveOrder on #DigitalAssets would create a stockpile of currencies including XRP (#Ripple), SOL (#Solana), & ADA (#Cardano).

The assets rose 10% to 35% in trading on Sunday. Other digital assets also gained.

#economy #finance #USpol
reuters.com/world/us/trump-say

Nearly $1.5 billion in tokens lost in Bybit crypto exchange hack

Ben Zhou, CEO of Bybit, said that a hacker accessed one of the company's offline Ethereum wallets, and removed the coins in a series of transactions

americanbanker.com/news/nearly

American Banker · Nearly $1.5 billion in tokens lost in Bybit crypto exchange hackBy Emma Kinery