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Binance, the world’s largest cryptocurrency exchange has announced its plans to delist and pause trading activities for the OMG (OmiseGO), WAVES, WNXM (Wrapped NXM), and XEM (NEM) cryptocurrencies on its platform effective June 17, 2024. According to the announcement, the desisting comes after Binance’s periodic review determined these digital assets no longer meet the exchange’s […]
LocalMonero, the peer-to-peer exchange platform for the privacy-focused cryptocurrency Monero (XMR), will be shutting down it’s services after nearly seven years of operation. As per LocalMonero’s announcement, the crypto exchange will be winding down operations over the next 6 months before permanently closing on November 7, 2024. The team expressed gratitude for the community’s support […]
The major telecom company Vodafone has unveiled an ambitious plan to integrate cryptocurrency wallets directly into the SIM cards used by mobile phones on its network. This cutting-edge move aims to make blockchain technology and crypto easily accessible to millions of smartphone users worldwide. What’s Happening? Vodafone, one of the largest mobile operators based in […]
Indian authorities have seized a large sum of bitcoins from a resident of Haldwani, a city in the northern Indian state of Uttarakhand. The seized cryptocurrency stash of 268 bitcoins is worth around $17 million at current prices. The Enforcement Directorate (ED), a law enforcement agency that investigates financial crimes, carried out the bitcoin seizure. […]
In the world of cybersecurity, claims of data breaches can cause significant concern and speculation. Recently, a ransomware group named FSOCIETY claimed to have successfully hacked several organizations, including the cryptocurrency exchange Bitfinex. However, Bitfinex’s Chief Technology Officer (CTO), Paolo Ardoino, has dismissed these rumors, stating that a thorough analysis of their systems revealed no […]
A former senior security engineer was sentenced to three years in prison for executing sophisticated hacks against two decentralized cryptocurrency exchanges, stealing over $12 million worth of digital assets. Shakeeb Ahmed, 34, of New York, pleaded guilty to computer fraud charges related to the July 2022 hacks. He exploited vulnerabilities in the smart contracts governing […]
The mysterious identity of Satoshi Nakamoto, the inventor of Bitcoin, has been a burning question in the crypto world for over a decade. Several self-proclaimed candidates have stepped forward claiming to be Nakamoto, but their assertions have been widely doubted or disproven. One of the most vocal Nakamoto claimants is Australian computer scientist Craig Wright, […]
NFT Trader, a peer-to-peer (P2P) trading platform, recently experienced a security breach leading to the unauthorized transfer of significant NFT assets. The attacker, identified as 0x90…8fda, successfully made off with 37 Bored Ape Yacht Club (BAYC), 13 Mutant Ape Yacht Club (MAYC), 4 World of Women, and 6 VeeFriends NFTs, collectively valued at 1,080 ETH […]
The Horizen community, get ready to embark on a revolutionary journey in governance as the Horizen DAO steps into the spotlight, as per Horizen’s new announcement. Horizen, a public, open-source blockchain protocol, boasts a thriving ecosystem composed of developers, miners, node operators, and holders of $ZEN tokens across various blockchain networks. The introduction of the […]
In a significant development for the cryptocurrency world, Binance, one of the leading global cryptocurrency exchanges, has recently announced its decision to sell its entire business operations in Russia to CommEX. This strategic move is in line with Binance’s commitment to providing a seamless transition for its Russian user base. The off-boarding process for Russian […]
In a recent tweet that sent shockwaves through the cryptocurrency community, renowned author and financial literacy advocate Robert Kiyosaki ignited a spirited debate about the future of Bitcoin and the US dollar. The tweet read: This bold statement has raised questions about the impact of traditional financial institutions like Citibank embracing blockchain technology and its […]
In a significant stride toward modernization, Brazil is rolling out a novel national identity card system, fortified by the integration of a blockchain network. This innovative approach is set to bolster the security of data sharing between the Federal Revenue Service and civil identification authorities. The cornerstone of this system is the shared registry known […]
In a recent development, Marco Ochoa, the former CEO of IcomTech, has pleaded guilty to a conspiracy to commit wire fraud charge in the United States District Court for the Southern District of New York. This admission of guilt is tied to the infamous Ponzi scheme orchestrated by IcomTech during Ochoa’s tenure as CEO, which […]
Fireblocks, the crypto company backed by Sequoia Capital and Coatue Management, has acquired BlockFold, a Melbourne-based start-up that helps financial institutions build blockchain-based systems. As per Bloomberg , Fireblocks paid about $US10 million ($15.6 million) for BlockFold. While Fireblocks already works with large financial institutions, including Bank of New York Mellon, BNP Paribas and the […]
Uphold exchange has revealed its support for the upcoming Evernode Airdrop. The airdrop, exclusively for XRP holders, promises to reward participants with EVRS tokens. The Evernode Airdrop: What You Need to Know Scheduled for September 1, 2023, at 6:00 PM AEST (8:00 AM UTC), the Evernode Airdrop snapshot is poised to capture the XRP holdings […]
In a collective effort, the regulatory authorities in Kuwait, represented by the Central Bank of Kuwait, the Capital Markets Authority, the Ministry of Commerce and Industry, and the Insurance Regulation Unit, have issued directives to prohibit the use and recognition of virtual assets within the country. The Kuwaiti Capital Markets Authority stated in a declaration […]
Eyeball Games, a Singapore-based gaming company, has successfully completed a funding round led by White Star Capital. Notable participants in this round include Polygon Ventures, Immutable, Ocular, Great South Gate Ventures, and prominent angel investors. White Star Capital invested from its Ubisoft-backed Digital Asset Fund, emphasizing the growing interest in blockchain gaming. The funding will […]
Vietnamese authorities have launched an investigation into the activities surrounding the Pi cryptocurrency, citing concerns over its complex and unregulated nature. The Department of Cybersecurity and High-Tech Crime Prevention expressed apprehension regarding the high-income potential and multi-level marketing resemblances associated with cryptocurrency models like Pi. According to Vietnam Express, the investigation aims to address the […]
As tax season approaches, cryptocurrency owners in Australia are being urged to be vigilant and comply with tax regulations. With the Australian Taxation Office (ATO) prioritizing capital gains, including cryptocurrencies, individuals who have omitted crypto transactions from previous tax returns may face scrutiny. According to Sky news, With millions of Australians estimated to invest in […]
In a recently published case study by the Stellar Foundation, the groundbreaking collaboration between MoneyGram International and the Stellar blockchain has been highlighted. This case study sheds light on the innovative solutions and transformative potential of the partnership, as MoneyGram Access brings cash-to-crypto transactions to a global scale. Let’s explore how this partnership is revolutionizing […]
Binance Labs, the esteemed venture capital and incubation arm of Binance, has recently revealed its latest investments in a group of outstanding projects from Season 5 of its highly regarded Incubation Program. These carefully chosen projects cover a diverse range of sectors within the Web3 ecosystem, including decentralized finance (DeFi), infrastructure, tooling, and middleware. With […]
Everything truly is bigger in Texas, and that includes cryptocurrency mining operations. The Lone Star State currently boasts the largest cryptocurrency mining facility in North America, accounting for approximately 15% of global mining operations, according to researchers. However, along with the massive scale of these mining operations comes an equally large power consumption. Cryptocurrency mining […]
In a recently published report titled “Blockchain Industry in Scotland Landscape Overview: Companies, Investors, Influencers and Trends,” Scottish Enterprise unveils an economic forecast indicating that Scotland’s blockchain economy has the potential to contribute £4.48 billion to the country’s GDP by 2030. The comprehensive report, produced by Deep Knowledge Analytics, provides an overview of Scotland’s entire […]
IR4LAB, a Saudi-based company at the forefront of disruptive technologies like Blockchain and Artificial Intelligence, has announced its expansion into Africa during the prestigious Gitex Africa event held in Morocco from May 31 to June 2, 2023. With a focus on fostering innovation and driving technological advancements, IR4LAB is committed to making a significant impact […]
Google Cloud has announced the launch of its Cryptomining Protection Program, an innovative initiative aimed at providing enhanced security against cryptomining attacks. The program, offered exclusively to Security Command Center (SCC) Premium customers, includes financial protection of up to $1 million to cover unauthorized compute expenses associated with undetected attacks. In the past, threat actors […]
In a disheartening incident, a Webster County resident from Iowa is taking legal action against an unidentified group of individuals responsible for a cryptocurrency-romance scam. The victim claims to have lost $232,000 in this elaborate scheme, which also involved threats to harvest his organs. The emergence of such scams, known as “pig butchering,” has resulted […]
The United States federal government has charged two Russian individuals in connection with the infamous Mt. Gox Bitcoin exchange breach that occurred in 2014. In a recent press release, the Department of Justice revealed the unsealing of a 2019 indictment, charging Alexey Bilyuchenko and Aleksandr Verner with conspiracy to launder approximately 647,000 Bitcoins, valued at […]
Cryptocurrency exchange Mercado Bitcoin has received a payment provider license from Brazil’s central bank, allowing it to introduce its fintech solution called MB Pay. This milestone paves the way for expanded services and improved customer experiences within the Brazilian crypto market. Additionally, the country’s favorable regulatory environment has attracted global crypto firms, further bolstering Brazil’s […]
In the midst of Africa’s economic transformation, half of its population resides in countries that have thrived on the continent. With abundant human capital and natural resources, Africa possesses the potential to accelerate productivity and redefine its economic growth, which is more crucial than ever for global welfare. A recent report by Mckinsey & Company […]
Volcano Energy, in collaboration with Tether and other investors, has announced $1 billion in commitments to establish a 241 MW bitcoin mining site in El Salvador. The mining facility, powered by solar and wind energy, aims to harness renewable resources for sustainable cryptocurrency mining. This groundbreaking initiative marks an important step in El Salvador’s evolving […]
Reginald Fowler, a former co-owner of the Minnesota Vikings, has been handed a prison sentence of over six years for his involvement in a $700 million cryptocurrency scam that targeted the Alliance of American Football. The scam led to the collapse of the professional football league, which faced financial difficulties in 2019. Fowler, who misled […]
Swift, the global provider of secure financial messaging services, is actively exploring blockchain interoperability to address the challenges faced by institutional investors when dealing with tokenized assets. These investments are tracked on various blockchain networks that lack interoperability, resulting in significant overhead and friction. To tackle this issue and promote long-term scalability in the market, […]
Major banks in New Zealand are standing firm on their strict controls and, in some cases, bans on cryptocurrency users and traders. This approach has drawn criticism from Easy Crypto, a local crypto firm, accusing the banks of bullying behavior for refusing transactions and denying bank accounts to businesses and consumers involved in digital currencies. […]
In a widening crackdown on the cryptocurrency market, the Securities and Exchange Commission (SEC) has sued Coinbase, the largest crypto trading platform in the United States. The SEC accuses Coinbase of breaking the law by failing to register as a broker and allowing users to trade unregistered securities. This legal action comes on the heels […]
In a significant development for the cryptocurrency world, the Securities and Exchanges Commission (SEC) has launched a lawsuit against Binance, the world’s largest cryptocurrency exchange. The allegations include operating an unregistered national securities exchange, broker-dealer, and clearing agency, as well as misusing user funds and offering unregistered securities. The news sparked panic selling, leading to […]
Amidst ongoing political and economic instability, Iraq is witnessing a growing interest in harnessing the power of blockchain technology as a catalyst for social change and innovation. As a decentralized and transparent ledger system, blockchain offers promising solutions for a range of applications, including cryptocurrencies, smart contracts, digital identity, and supply chain management. However, the […]
As we enter 2023, blockchain continues to be hailed as a system of decentralized trust, revolutionizing various industries with its secure and transparent digital ledgers. This technology, known for its ability to track and verify transactions without relying on a central authority, has gained widespread adoption across sectors such as finance, healthcare, and supply chain […]
In recent years, both forex (foreign exchange) and cryptocurrency trading have gained immense popularity among investors and traders. While they share some similarities, such as being forms of speculative trading, they also have distinct characteristics that set them apart. Understanding the similarities and differences between forex and cryptocurrency trading is crucial for anyone looking to […]
In an enlightening revelation, Christy Goldsmith Romero, a commissioner at the Commodity Futures Trading Commission (CFTC), acknowledged the challenges of policing cryptocurrency fraud due to its widespread nature. Despite the agency’s active pursuit of several significant cases, she admitted that the sheer volume of fraudulent activities makes it impossible to catch them all. Speaking at […]
As the rise of quantum computing looms on the horizon, the security of cryptocurrencies faces a grave challenge. Quantum Resistant Ledger (QRL), the pioneering post-quantum store of value and decentralized communication network, is poised to address this imminent threat. By leveraging cutting-edge quantum-safe blockchain technology, QRL aims to revolutionize the cryptocurrency industry and provide a […]