Crypto Mogul Do Kwon, known as “The Cryptocurrency King”, pleads guilty to accusations of fraud | Business

NEW YORK (AP)-The South Korean cryptocurrency magnate Do Kwon pleaded guilty on Tuesday with two fraud accusations resulting from the collapse of $ 40 billion in a cryptocurrency ecosystem that had promised investors that their money was sure. Kwon, 33, nicknamed by some like “the king of cryptocurrency”, pleaded in the Federal Court of Manhattan….

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Godfather Android Malware now uses virtualization to divert banking applications

A new version of Android “Godfather” malware creates insulated virtual environments on mobile devices to steal account data and transactions from legitimate banking applications. These malicious applications are executed in a virtual environment controlled on the device, allowing real -time spying, identification flight and transactions handling while maintaining perfect visual deception. Tactics resemble that observed…

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Us Crypto Firms Circle, Bitgo, Coinbase and Paxos continue bank licenses while 2 invoices are pressure for the regulation of stablescoin

In the United States, cryptocurrency companies evolve towards more integrated integration into looking for Banking licenses and preparation for potential stablescoin regulations. Circle and Bitgo are among the companies working on requests for American banking charters. Coinbase and Paxos would have explored similar steps. These efforts arise as the Congress debates new laws which would…

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