2023-01-19

šŸ“¬Attention! Attention! The DOJ Has an Announcement

GM, Crypto Enthusiasts!Is it just us or does this meme sum up market sentiments these days? 

Here's today's agenda: Attention! Attention! The DOJ Has an Announcement Attack on the Apes?  Ripple vs. SEC. The End is Nearish.Attention! ā€œWe have a BIG Announcementā€- DOJYesterday, the DOJ announced they had ā€œmajor international cryptocurrency enforcement actionā€ news to share a couple of hours before noon (EST). The major announcement?Bitzlato was charged with laundering illicit funds to the tune of $700 million and received $15 million in ransomware proceeds.Heard of this crypto exchange? No? Neither have most people.The illicit funds were allegedly used for darknet market purchases on Hydra. Serious? Yes, but letā€™s be real this isnā€™t ā€œmajor crypto news.ā€The lawsuit means Bitzlato can no longer provide services to criminals with ties to Russia. (Which, of course, is a good thing!)Bitzlato's co-founder Anatoly Legkodymov was arrested in Miami. He is accused of knowingly servicing U.S. customers to launder funds. Hereā€™s a nice take from Twitter user @fortunyandco:

Monkeys Beware!

Yuga labs. Bored

Ape

Yacht Club. 

Mail

chimp

These two primates have had a rough go of it as of late. 

Mailchimp, a popular mailing service platform, has been

,

and it seems Yuga Labs was dragged into the mess. 

The perpetrators accessed 133 Mailchimp accounts, including one owned by Yuga Labs.

While there has been no phishing attack detected

(yet..)

, Yuga Labs has

users to be on high alert for potential phishing attacks via email.

Fortunately, Yuga Labs has stated that ā€œWe have only used that service a few times, and for limited purposes.ā€

Like always.

If it feels too good to be true...

Ripple vs. SEC. The end is nearish.

Twenty. Five. Months.25!That's how long the Ripple vs. SEC lawsuit has lasted. But a verdict may FINALLY be on the horizon! Ripple's chief Brad Garlinghouse has stated that he is optimistic closure will be reached soon. In an interview at the World Economic Forum in Davos, Garlinghouse stated that the judge would make a ruling "in the coming single-digit months." (1? 5? 9? Whoā€™s to say?)On a more positive note, Garlinghouse seems pretty confident the court and law will side with Ripple. Which would be a huge step forward for crypto. Long, drawn-out court cases donā€™t inspire. But long, drawn-out court cases that end tragically, well, letā€™s just say they REALLY donā€™t inspire. 

DailyCoin Meme

Crypto Lender Genesis Is Preparing for Bankruptcy Filing

Crypto lender Genesis Global Capital is said to be preparing to file for Chapter 11 bankruptcy protection as soon as this week.

Shiba Inu (SHIB) Prevails as Top Choice Among New Crypto Wallets

Shiba Inu (SHIB) remains the go-to choice for new crypto investors, research by Nansen reveals.

ConsenSys Lays Off 11% of Workforce Amid ā€˜Uncertain Market Conditionsā€™

ConsenSys, the parent company of popular crypto wallet MetaMask, announced Wednesday a job cut round impacting 96, or 11% of, employees.

    That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,DailyCoin Team