Blockchain
Germany seizes $28 million in raid on unlicensed crypto ATMs
German authorities have recently intensified their efforts to regulate the cryptocurrency market by conducting a significant operation that led to the confiscation of $28 million in cash and 13 crypto ATMs. This coordinated nationwide crackdown, executed on August 20, targeted 35 locations across Germany where these ATMs were allegedly being operated without the necessary licensing.
The operation was spearheaded by the Federal Financial Supervisory Authority (BaFin) in collaboration with law enforcement agencies and the German central bank. It reflects Germany’s broader initiative to strengthen oversight and mitigate the risks associated with unregulated financial activities, particularly those involving digital assets.
BaFin emphasized the serious risks posed by these unlicensed ATMs, including their potential use in scams, fraud, and money laundering. The agency has reiterated its commitment to safeguarding the integrity of the German financial system by enforcing compliance and enhancing consumer protection in the evolving landscape of digital finance. Operators found to be violating licensing requirements could face severe legal consequences, including up to five years in prison.
Crypto ATMs, which allow users to buy and sell cryptocurrencies such as Bitcoin using cash or debit cards, are subject to Germany’s Banking Act. This law requires operators to obtain proper authorization from BaFin to ensure that they adhere to regulatory standards. However, the lack of clear legal guidelines has raised concerns about the potential misuse of these machines for illegal activities, including money laundering and the financing of terrorism.
The crackdown on unlicensed crypto ATMs in Germany is part of a global trend, where governments are increasingly scrutinizing these machines to address associated risks. Authorities in several countries have begun implementing stricter regulations to combat the potential for crypto ATMs to become hotspots for criminal activities, especially when operators fail to enforce adequate Know Your Customer (KYC) protocols, particularly for transactions exceeding 10,000 euros. This action by Germany highlights its proactive stance in regulating the crypto market and preventing its exploitation for unlawful purposes.
Source: cryptoslates.com
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Blockchain
Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation
Humanity Protocol, a decentralized identity blockchain solution, is today announcing the successful closure of its latest $20 million funding round, co-led by Pantera Capital and Jump Crypto at a $1.1 billion fully diluted valuation.
This investment represents a vote of confidence in Humanity Protocol’s mission to redefine decentralized identity and unlock new possibilities for secure, inclusive, and user-owned blockchain ecosystems. It follows the recent announcement of the Humanity Foundation’s formation, led by Yat Siu, Mario Nawfal, and interim CEO Yeewai Chong.
The funding will accelerate Humanity Protocol’s development of Proof of Humanity, Human ID, and seamless integrations with leading Web3 platforms. With the support of Jump Crypto and Pantera Capital, Humanity Protocol is poised to scale its operations, expand its global reach, and drive adoption across industries beyond Web3.
As Humanity Protocol continues to grow, the funding will also support upcoming initiatives, including partnership announcements, developer grants, and community-building efforts leading up to the protocol’s mainnet launch.
Both Pantera Capital and Jump Crypto bring extensive expertise in blockchain, Web3 infrastructure, and strategic scaling, making them ideal partners in Humanity Protocol’s next growth phase.
“At Humanity Protocol, we’re committed to empowering individuals with digital identities that are truly their own,” said Terence Kwok, Founder of Humanity Protocol. “This investment from Jump Crypto and Pantera Capital brings us one step closer to realizing a future where trustless, decentralized identity solutions are the norm. We’re honored to have the backing of such visionary investors who share our belief in the transformative potential of Web3 technologies.”
“At Pantera Capital, we are excited about all the ways that blockchain enables a future AI-driven world, and Humanity Protocol is leading the way,” added Cosmo Jiang, General Partner at Pantera Capital.
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Bybit Fintech FZE
Blockchain
DYOR Partners with Ava Labs, Announces Major Developments With Matt Dyor Joining as Advisor Plus Acquisition of DYOR.com
DYOR, the innovative cryptocurrency research and analytics platform, has announced a listing partnership with Ava Labs, the company behind the Avalanche blockchain and AVAX coin, to launch on January 25th. The collaboration coincides with Ava Labs’ decision to reduce gas fees on Avalanche by one-twenty-fifth, a 96% decrease and a significant move to further drive blockchain adoption and accessibility.
The announcement also marks a series of exciting developments for DYOR, including the acquisition of the premium domain DYOR.com and the appointment of Matt Dyor as an advisor. Dyor, who has held key roles at Google, Amazon, Microsoft and other leading tech companies, brings a wealth of expertise in scaling technology platforms and user-focused innovation.
“What excites me the most is DYOR’s focus on bringing new users into crypto,” said Matt Dyor. “The most exciting aspect is how DYOR addresses real-world financial needs—going beyond just buying and holding crypto. By enabling smart contracts, decentralized trust, and seamless, automated payments, DYOR is bridging the gap between Web3 and traditional finance in a truly impactful way.”
The partnership with Ava Labs underscores DYOR’s mission to empower crypto enthusiasts and institutional users with transparent tools to make informed decisions. Avery Bartlett, Head of Business Development at Ava Labs, expressed enthusiasm about the collaboration: “Avalanche has some of the smartest devs building some of the most forward thinking applications in crypto. What we’ve been needing more of is cutting edge trader tooling for the on-chain degens that make this industry so exciting. DYOR is moving at the speed of light to deliver on some of the tooling this chain deserves. Excited for them.”
The acquisition of DYOR.com further cements the platform’s position as a trusted resource for crypto research and education, making it more discoverable and user-friendly for audiences worldwide.
DYOR Labs is redefining DeFi with a cutting-edge platform that empowers traders and developers alike. Offering real-time insights, advanced token data, and customizable workflows, users benefit from unmatched speed and cost efficiency. With features like fiat on/off ramps, cross-chain swaps, a native DEX, and Team Dashboards for transparency and project management, DYOR ensures seamless trading and trust-building across blockchains. Looking ahead, DYOR is set to launch AI-powered insights, gamified user engagement, on-chain ad auctions, and integrated social feeds, solidifying its position as a leader in DeFi innovation.
As DYOR continues to expand its capabilities and partnerships, this collaboration sets the stage for a new era of transparency, accessibility, and utility in the cryptocurrency space.
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