WAO ART

Ethereum Name Service (ENS) now allows users to transfer cryptocurrency using simple ENS names instead of long wallet addresses. The integration is expected to benefit over 270 million users in the U.S., making crypto transfers more accessible. ENS names, like “yourname.eth,” reduce the risk of mistakes.

The Brazilian Federal Revenue Service has developed an AI tool to detect crypto-related tax fraud and money laundering. The tool has identified over $180 million in illicit cryptocurrency transactions. It utilizes advanced algorithms and network analysis to uncover suspicious activities linked to tax evasion.

Russian Bitcoin miners earned over $3 billion by mining 54,000 Bitcoins in 2023. New crypto regulations in Russia may boost investments in Bitcoin mining activities. Russia has become the second-largest Bitcoin miner globally, following the United States.

Dasset, a crypto firm based in Auckland, has collapsed, prompting an investigation by liquidators. Authorities are actively searching for the missing CEO, who has not been located or contacted since the investigation began over a year ago.

A Nigerian named Olumide Osunkoya has been charged in the UK for running an unregistered cryptocurrency ATM network. The UK's Financial Conduct Authority (FCA) alleges he processed £2.6 million in crypto transactions from December 2021 to September 2023.

In 2023, cryptocurrency fraud in the US reached $5.6 billion, marking a 45% increase from 2022. Nearly 40% of the fraudulent losses affected individuals aged 60 and over. The US is identified as the crypto fraud capital of the world, with losses over 7 times higher than the next country.

Japan's Metaplanet increases its Bitcoin holdings to 398.832 BTC, valued at approximately 3.75 billion yen ($26 million). The company recently acquired an additional 38.464 BTC for about 300 million yen ($2M). Bitcoin's price rose 3.12% in the last 24 hours, trading at $56,732 after a dip earlier in the week.