The rise of crypto has brought with it a new wave of cybercrimes, challenging the conventional methods employed by law enforcement agencies. With blockchain transactions inherently designed to provide anonymity, authorities have often found themselves at an impasse when tracing illicit crypto activities. However, a recent development in Canada has shown a breakthrough in this […]

The X (Twitter) account of Blockchain Capital, a venture capital firm focused on cryptocurrencies, was hijacked by scammers aiming to entice users with a fraudulent token claim scheme. On August 9, several messages emerged from Blockchain Capital’s account, promoting a giveaway of tokens called “BCAP.” These messages guided users to a fraudulent website that imitated […]

Although it’s been almost eight months, the collapse of the crypto exchange FTX continues to leave behind drama in its wake. The latest by-product is how some of the largest VC firms have been recently pulled into the mess.  According to a recently filed class-action lawsuit filed in the United States District Court for the […]

Attorneys for Elon Musk contended at the start of the week that the extended legal feud between the billionaire and a faction of dissatisfied Dogecoin backers has persisted excessively. In a submission to a federal court in New York, Musk’s legal team formally requested the elimination of the plaintiff’s revised complaint.  Echoing this motion, Alex […]

The South Korean Police have arrested Jinwook Shin, CEO of South Korea-based crypto exchange Bitsonic, who is being investigated for stealing $7.5 million of users’ funds.  According to Chosun Biz, a local news outlet, Shin’s arrest happened on August 7. The report also stated that Bitsonic’s vice president would be on trial for the same […]

Crypto users in the United States have been served another blow as Bitstamp officially terminates US customers’ access to trade several tokens on its platform following the US Securities and Exchange Commission’s (SEC) rampage on the crypto industry.  Bitstamp Restricts US Customers From Trading Key Altcoins Bitstamp, a European cryptocurrency exchange firm, has announced its […]

Galaxy Digital CEO Mike Novogratz drew parallels between the crypto industry’s resilience and a chart-topping song from the late 1990s in an earnings call Tuesday. The executive reflected on the challenges and advancements the company has encountered in the second quarter of the year. Novogratz invoked the hit song “Tubthumping” by Chumbawamba to illustrate the […]

Marathon Digital, one of the largest Bitcoin miners, has announced a net loss of $21.3 million for the second quarter of the year. Bitcoin Mining Company Marathon Digital Made $81.8 Million In Q2 Revenue In a new press release, Marathon Digital has revealed the results of the company’s performance during the second quarter of 2023 […]

According to a recent report, Microsoft continues doubling its interest in blockchain technology; the tech giant partnered with Aptos Labs. The partners will build an AI-based tool called Aptos Assistance to compete with OpenAI’s ChatGPT. Related Reading: Binance Moves Into The El Salvador Market With Two Crypto Licenses ChatGPT Killer Build By Microsoft On The […]

In a recent conversation with Bloomberg, David Rubenstein, co-founder and co-CEO of the Carlyle Group, a private equity behemoth with assets under management exceeding $385 billion, weighed in on the future of Bitcoin (BTC). His comments come at a time when BTC is gaining traction in traditional financial circles. The Next Wall Street Giant Gets […]

After the $70 million hack at Curve Finance, a new initiative spearheaded by a group of like-minded people called SEAL 911 emerged. Together, they are working to prevent the widespread harm that could result from DeFi security holes and cybercriminal exploits. As the stolen fund’s recovery nears the three-quarters mark, a renewed sense of vigilance […]

Binance, the world’s largest cryptocurrency exchange by trading volume, has recorded another significant milestone as it becomes licensed to render cryptocurrency services in El Salvador. Leading The Charge For Global Crypto Adoption Binance has become the first fully licensed cryptocurrency exchange in El Salvador, receiving both the first non-provisional Digital Assets Services Provider (DASP) license […]

The US Federal Reserve Board is increasing its oversight of banks and all of their activities involving crypto. This has led to the creation of a new program that would allow for increased monitoring from the Fed over these banks. Addressing Risks Associated With Financial Innovation The US Fed has announced the creation of the […]

In a move that has sent ripples through the Shiba Inu community, Puppynet, the beta testnet for Shibarium, has seen a complete transaction freeze over the past 96 hours, as per the latest data from Puppyscan. This unexpected halt in activity, which began on August 5th, has intensified speculations regarding the imminent launch of the […]

In a significant development surrounding the failed cryptocurrency exchange FTX, Ryan Salame, the former co-chief executive of FTX Digital Markets, is reportedly negotiating with federal prosecutors to plead guilty to criminal charges.  According to Bloomberg, these charges are linked to the collapse of the cryptocurrency exchange, which sent shockwaves through the industry. Individuals familiar with […]

The U.S. Department of Justice (DOJ) has announced its intention to pursue a campaign finance-related charge against Sam Bankman-Fried, the founder of FTX, despite previously dropping the charge last month.  FTX Founder’s Campaign Finance Trial Looms In a letter addressed to Judge Kaplan, prosecutors confirmed their plan to seek a superseding indictment to reinstate the […]

Coinbase, the largest cryptocurrency exchange in the United States, has offered to buy back some of its $1 billion bonds from investors. The crypto company intends to repurchase up to 15% ($150 million) of the $1 billion bonds at a premium price. Coinbase Offers “Special” $30 Premium For Early Sellers In an announcement dated August […]

Circle, the leading issuer of the USDC stablecoin, has unveiled a new addition to its Web3 Services lineup with the launch of Programmable Wallets.  Programmable Wallets catalyze developers, allowing them to embed secure crypto wallets into any application and harness the speed and global reach of Web3 technology for their users.  Circle believes this product […]

Law authorities in the Indian state of Odisha successfully dismantled a crypto Ponzi scheme valued at $120 million (Rs 1000 crore). Reports unveiled that the state police’s Economic Offences Wing (EOW) arrested two key individuals at the core of the fraudulent operation, which spanned India. Related Reading: Binance CEO Raises Alarm On Growing Menace Of […]

Cypher Protocol, a decentralized finance (DeFi) protocol built on the Solana Blockchain, fell victim to a substantial security breach resulting in an estimated loss of $1 million.  Cypher Protocol is a decentralized futures exchange that allows retail and institutional investors to create and trade pre-public markets. Unauthorized Transfer Of Funds Leads To Contract Freeze On […]

PEPE has now cemented itself as one of the leading meme coins in the crypto market. And just like other meme coins, PEPE has not had the best couple of weeks. The token’s price has been consistently down only, losing the vast majority of its early July gains. However, a recent development on Tuesday could […]

Institution crypto investors seem to be rapidly pulling out of the market and Bitcoin was again the main focus, seeing the highest weekly outflow recorded since March.  Effects Of A Lingering Bear Market? The crypto summer doldrums have come out in full force and weekly trading volumes in investment products have experienced a remarkable 36% […]

Cryptocurrency exchange, Huobi has committed to supporting PayPal’s entry into the digital currency landscape with its stablecoin, PYUSD. Related Reading: BREAKING: PayPal Unveils Dollar-Backed Stablecoin On Ethereum On Monday, PayPal and Paxos unveiled the PayPal USD (PYUSD) stablecoin, backed by US dollar deposits, short-term Treasuries, and similar cash equivalents. In an official statement on August […]

Ethereum, the largest altcoin by market cap, has just fired its second ever “death cross” — an ominous signal that could indicate a declining trend. Despite the double appearance of the deadly sounding technical trigger, it might not spell certain doom for ETHUSD, as we’ll explain. What To Expect From The Ethereum Double Death Cross […]

Data from Glassnode suggests that the current Bitcoin boring price action may very well go on for another six months. Bitcoin’s Sideways Slump May Not Be Near Finishing Yet In its latest weekly report, the on-chain analytics firm Glassnode has discussed how the current lack of BTC volatility has compared to similar slumps during the […]

Fraudsters are actively attempting to deceive unsuspecting individuals by exploiting the introduction of the recent dollar-anchored stablecoin of PayPal, known as PayPal USD (PYUSD). They carry out their nefarious ways by releasing counterfeit tokens across various blockchain networks. As of Tuesday, data from DEXTools reveals that more than 66 counterfeit tokens have emerged on networks […]