The crypto industry is constantly subject to sporadic reports of crypto thefts and scams and the most recent one was a hacker who managed to steal $20 million in Tether’s USDT stablecoin.  How The Scammer Stole $20 Million In USDT The eye-popping heist was the result of a perfectly executed zero-transfer phishing attack. To carry […]

Former CEO of FTX, Sam Bankman-Fried (SBF), has denied allegations of witness tampering after sharing excerpts from his ex-girlfriend’s private diary with a reporter from the New York Times.  The United States Department of Justice (DOJ) has accused Bankman-Fried of leaking the diary of Caroline Ellison, a former colleague, and CEO of sister trading firm […]

Binance, the world’s largest cryptocurrency exchange, has recently announced that it has burned 1.14 billion Terra Luna Classic (LUNC) in the 12th batch of the Terra Classic burn mechanism. The burned tokens were obtained from trading fees on margin and spot trading pairs in July. This recent burn brings the total number of LUNC burned […]

On Wednesday, Kenya’s interior ministry made a significant announcement, suspending the cryptocurrency project Worldcoin until further notice. The decision came as a precautionary measure to ensure public safety, and the suspension will remain in effect until relevant agencies can thoroughly assess the project to ensure it is devoid of risk. Prior to the suspension, Kenya […]

Per a report from Semafor, the U.S. Department of Justice (DOJ) has been weighing on the possibility of filing fraud charges against crypto exchange Binance. The company has been in the eye of all major regulators worldwide in 2023 and might be about to face its biggest legal hurdle to date. Related Reading: Bitcoin Taker […]

Bloomberg Intelligence analysts James Seyffart and Eric Balchunas have ramped up their approval odds for a Bitcoin spot Exchange-Traded Fund (ETF) to 65%, based on recent industry developments. This marks a substantial increase from the mere 1% chance they assigned to it a few months ago. “Based on recent events and new information Eric Balchunas […]

Binance continues to attract a significant portion of its business from China, even in the face of the country’s prohibition on cryptocurrencies. In May, Binance recorded a staggering trading volume exceeding $90 billion, encompassing both spot and futures transactions originating from the country. This data, disclosed by the Wall Street Journal and referencing the exchange’s internal […]

Prominent accounting and consultancy firm, KPMG, has published a report delving into Bitcoin and its mining implications. The report focuses on investigating Bitcoin’s potential to align with the principles of environmentally friendly investing, commonly known as ESG (Environmental, Social, and Governance). KPMG’s latest report categorizes Bitcoin (BTC) as a mature asset class, though it highlights […]

Popular blockchain technology company, Ripple, has recently announced it was returning 800 million XRP tokens to its escrow wallet just after unlocking 1 billion tokens for this month. News of the event was reported by the prominent blockchain analytics and tracking platform Whale Alert.  Ripple’s Commitment To Preserve Its Ecosystem In a series of tweets […]

On-chain data shows that the Bitcoin taker buy/sell ratio has observed a large spike. The last time this happened was in January before the rally began. Bitcoin Taker Buy/Sell Ratio Has Registered A Spike Recently As pointed out by an analyst in a CryptoQuant post, the taker buy/sell ratio for two exchanges, in particular, has […]

Per a recent report from The Information, the CEO of crypto exchange Binance, Changpeng “CZ” Zhao, considered closing its U.S. subsidiary. The possibility was reflected due to the increasing hostilities from regulators against Zhao and the trading venue in the country.   Related Reading: Ripple Debunks 6 Misconceptions About The XRP Ruling A U.S. Company […]

The Litecoin (LTC) halving is now here and the event is currently the most-watched among crypto investors. In addition to the anticipation of the cut in rate of supply, there are also speculations around the digital asset and what the current halving could mean for it. Is It Time To Buy Or Sell LTC? The […]

MicroStrategy Incorporated (NASDAQ: MSTR), one of the most prominent corporate Bitcoin holders globally, has announced plans to sell up to $750 million of its Class A common stock. The company signaled that the proceeds could potentially fund further BTC purchases. The business intelligence firm filed with the U.S. Securities and Exchange Commission (SEC) on August […]

Margot Robbie, the lead actress in the new Barbie movie, has sparked a conversation within the cryptocurrency community following her playful dismissal of Bitcoin (BTC) as a stereotypically “Ken” topic of discussion.  In a recent interview promoting the film produced by Mattel, Robbie jokingly referred to male producers frequently engaging in conversations about Bitcoin as […]

The Mt. Gox scandal remains one of the most significant events in the history of cryptocurrency. In 2014, the exchange suffered a major hack, resulting in the theft of over 850,000 Bitcoin (BTC), worth approximately $450 million. Since then, the hunt for the stolen Bitcoin has continued. In 2019, a group of creditors filed a […]

Nigeria’s Securities and Exchange Commission (SEC) has warned Nigerians against investing or trading on Binance, the world’s largest crypto exchange by trading volume. The Commission, as part of its “statutory mandate of investor protection,” warned local investors of the risk of trading in crypto assets, tagging it as a “high level of risk” which may […]

The Internal Revenue Service (IRS) has recently issued a ruling stating that United States cryptocurrency investors who receive rewards from staking services are required to include the value of those rewards in their gross income. On July 31, 2023, the IRS issued Revenue Ruling 2023-14, providing clarity on the tax implications for individuals engaging in […]

High-powered attorney Douglas Samuel Zolkind has officially filed a motion to intervene in the SEC’s lawsuit against Ripple Labs. As Ripple Labs continues in its legal battle against the SEC, the New York-based attorney has indicated his intention to appear on behalf of the blockchain payments company.  The Persistent Legal Tussle Between Ripple And The […]