FBI Initiates Unique Operation By Launching Its Own Cryptocurrency.
In a rare move, the FBI created its own Ethereum-based cryptocurrency, ‘NexFundAI,’ to catch market manipulators. On Wednesday, 18 individuals and companies, including Gotbit and MyTrade, were charged with token manipulation. Special Agent Jodi Cohen called it an “unprecedented step” in advancing investigations. The token’s trading volume surged 5,000% to $3.5 million, with a market value of $177,000.
Revolut Prevents Over $621 mn in Suspicious Transfers in 2023.
Over $621 million in questionable cryptocurrency and fiat money transactions were banned by Revolut in 2023. It has 45 million users and $23.7 billion in assets.
Revolut protects customers in several ways. Security measures include two-factor authentication and suspicious activity monitoring.
The business observed that questionable transfers seldom close accounts. Account termination following further reviews occurs in 1 in 5,000 transactions.
Trump Crypto Project Proposes Aave Link In Governance Proposal.
World Liberty Financial, a Trump crypto initiative, presented a governance proposal to Aave, confirming DeFi platform development.
World Liberty Financial proposed launching its service as an Aave v3 instance on the Ethereum mainnet as the platform’s back end on Oct. 9.
It floated granting AaveDAO, a group of Aave tokenholders leading the protocol, 20% of its fees and 7% of WLFI, the platform’s governance token.
South Korea Allows Division Of Crypto In Divorce Settlements.
South Korean divorce lawyers say spouses may now split bitcoin assets.
The South Korean legal company IPG Legal explained cryptocurrency laws in divorce disputes. In response to customer inquiries, the company claimed South Korean law divides physical and intangible assets following divorce.
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