Connect with us

Business

Australian federal police to probe 2,000 exploited crypto wallets

Published

on

Australian law enforcement agencies are joining forces with blockchain analytics firm Chainalysis in a new initiative aimed at combating cryptocurrency-related crime. This partnership marks a significant step in enhancing the capabilities of Australian police to investigate and address illicit activities involving digital assets.

The collaboration will see Australian police leverage Chainalysis’s advanced blockchain analysis tools to track and investigate transactions involving cryptocurrencies. By harnessing Chainalysis’s expertise, law enforcement aims to improve their ability to uncover and prosecute crimes such as fraud, money laundering, and ransomware attacks linked to digital currencies.

“Partnering with Chainalysis represents a major advance in our efforts to tackle the growing threat of crypto crime,” said Commissioner Emma Johnson of the Australian Federal Police. “The tools and insights provided by Chainalysis will significantly enhance our investigative capabilities and help us stay ahead of criminal activities in the evolving digital landscape.”

The initiative comes in response to a rising number of high-profile cases involving cryptocurrencies in Australia, highlighting the need for specialized resources and expertise to combat these complex crimes. Chainalysis’s technology will enable Australian police to trace the flow of funds across the blockchain, identify suspicious patterns, and gather critical evidence for criminal investigations.

Chainalysis, known for its sophisticated blockchain tracking and analysis solutions, will provide training and support to Australian law enforcement agencies as part of the collaboration. This includes access to Chainalysis’s data, analytics tools, and technical expertise to aid in the investigation and prevention of crypto-related crimes.

The move is part of a broader global trend where authorities are increasingly recognizing the need for advanced tools and partnerships to address the challenges posed by the proliferation of digital currencies. By integrating blockchain analysis into their investigative processes, Australian police aim to enhance their ability to combat financial crime and protect the integrity of the financial system.

The partnership between Australian police and Chainalysis represents a proactive approach to addressing the evolving landscape of cryptocurrency crime. As digital assets continue to gain prominence, effective collaboration between law enforcement and technology providers will be crucial in safeguarding against criminal exploitation of these innovations.

Business

US lawmakers advance anti-CBDC bill

Published

on

U.S. lawmakers have voted to advance a bill aimed at blocking the Federal Reserve from issuing a central bank digital currency (CBDC), marking a major step in the political pushback against the development of a digital dollar.

The bill, which passed through the House Financial Services Committee, would prohibit the Fed from directly offering accounts or issuing a CBDC to individuals, citing concerns over surveillance, privacy, and government overreach.

Supporters of the legislation argue that a digital dollar could pose significant risks to civil liberties, enabling real-time tracking of consumer transactions and expanding federal control over personal finances. They view the bill as a safeguard against what they describe as a “surveillance-style” monetary system.

Opponents of the bill, however, argue that restricting CBDC development could hinder U.S. innovation and global competitiveness in the evolving digital financial landscape.

The legislation now moves closer to a potential floor vote in Congress. Its progress underscores growing ideological divisions over the future of money in the United States, with CBDCs emerging as a new front in the broader debate over digital governance, financial freedom, and the role of government in the digital age.

Continue Reading

Business

Gemini to open Miami office after judge stays SEC case

Published

on

Crypto exchange Gemini has opened a new office in Miami, reinforcing its commitment to expanding operations despite pausing its plans for an initial public offering (IPO) amid a continuing legal battle with the U.S. Securities and Exchange Commission (SEC).

The Miami office signals the company’s long-term vision for growth in key U.S. markets, even as regulatory uncertainty clouds the broader crypto landscape. The expansion comes at a time when Gemini is facing heightened scrutiny from the SEC over its Earn program, which the regulator alleges involved unregistered securities.

While the IPO remains on hold, Gemini continues to strengthen its infrastructure and team, focusing on user growth, compliance, and regional outreach. The Miami hub is expected to play a strategic role in those efforts, leveraging the city’s growing status as a U.S. crypto hotspot.

Co-founders Cameron and Tyler Winklevoss remain vocal about the need for clear regulatory frameworks and have emphasized that Gemini will continue to fight for fair treatment while building responsibly in the U.S. and abroad.

Continue Reading

Business

Coinbase Institutional files for XRP futures trading with CFTC

Published

on

Coinbase Institutional has officially filed with the U.S. Commodity Futures Trading Commission (CFTC) to offer XRP futures trading, marking a significant move toward expanding institutional access to Ripple’s native token.

The filing, submitted through Coinbase Derivatives, signals the exchange’s intent to list XRP futures contracts in a regulated environment. If approved, it would allow institutional investors to gain exposure to XRP through derivative products, a key step in broadening the token’s presence in traditional financial markets.

This development comes amid a gradually improving regulatory climate for XRP, following a partial legal victory for Ripple in its ongoing case with the U.S. Securities and Exchange Commission (SEC). The outcome gave XRP a degree of legal clarity, opening the door for exchanges and financial institutions to re-engage with the asset.

Coinbase’s push to expand its derivatives offerings also aligns with its strategy to build a more robust institutional platform. Approval from the CFTC would position the exchange to capitalize on growing demand for regulated crypto investment vehicles.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk