Crypto

The US Commodity Futures Trading Commission (CFTC) recently made a significant announcement regarding a fraudulent project involving precious metals and digital assets. This fraudulent operation, run by four individuals and their unincorporated entity called Fundsz, managed to attract over 14,000 customers at its peak. However, the CFTC alleges that Fundsz never actually engaged in any

The blockchain market intelligence firm, Nansen, has recently released a comprehensive report analyzing the behavior and investment patterns of the early whales who onboarded Coinbase’s layer 2 blockchain, Base. This article aims to delve deeper into the findings of Nansen’s report and shed light on the preferences and strategies adopted by these pioneering investors. Ethereum

Evernode, a layer 2 smart contract solution built on top of the XRP Ledger (XRPL), has recently announced an upcoming airdrop that aims to benefit XRP holders. This airdrop presents an exciting opportunity for investors to receive free Evers tokens. In this article, we will explore the details of the airdrop and what it means

Brazil is making significant strides in the world of finance with its plan to introduce a central bank digital currency (CBDC) known as DREX. Set to launch in 2024, this innovative digital currency aims to revolutionize the country’s financial services sector and promote financial inclusivity. While Brazil is not alone in its pursuit of a

Attorneys representing Tesla CEO Elon Musk are urging a judge to dismiss a multi-billion dollar case that accuses the billionaire entrepreneur of insider trading with Dogecoin (DOGE), arguing that the accusations are baseless and frivolous. The lawyers argue that the plaintiffs should be barred from burdening the judicial system with additional accusations based on Musk’s

Singapore, known as a global financial hub, has once again solidified its position in the cryptocurrency industry. The leading cryptocurrency exchange, Blockchain.com, has recently obtained a payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This is the second license the company has secured in the city-state, following an in-principle approval obtained in

As the summer season progresses, the digital asset market seems to be experiencing a slump in trading activity. This is evidenced by the outflows of $107 million recorded in digital asset investment products this week. The decline in trading volumes has been significant, with weekly volumes in investment products falling 36% below the year-to-date average.

The cryptocurrency market has entered a period of stagnation, with major cryptocurrencies showing minimal movement in price over the past 24 hours. Bitcoin, the leading cryptocurrency, has been trading around $29,000 for several days now, a narrow range for a typically volatile asset. In fact, Bitcoin’s recent lack of volatility has even led to comparisons

The cybersecurity landscape is constantly evolving, with new threats emerging every day. Blackberry, a pioneer in the smartphone industry, has recently detected several malware families that are being used to run massive campaigns aimed at stealing cryptocurrencies from unsuspecting victims. In its recent report, titled ‘The BlackBerry Global Threat Intelligence Report,’ the company highlights the

The current state of the cryptocurrency market has left altcoin investors disillusioned and doubtful about the future. Michaël van de Poppe, CEO and founder of MN Trading, sheds light on the prolonged crypto winter and its impact on altcoin markets. With the bear market lasting for more than two years, many investors are losing faith.

In the fast-paced world of cryptocurrencies, scammers are constantly finding new ways to exploit unsuspecting users. Changpeng “CZ” Zhao, the CEO of Binance, recently shared a near-miss scam incident, highlighting the need for increased vigilance. This article will discuss the scam tactic used by fraudsters and provide tips on how to protect yourself in the

GameStop, the prominent gaming merchandise retailer, has announced its decision to remove its cryptocurrency wallets from the market starting November 1, 2023. These wallets were introduced by GameStop in the spring of the previous year and allowed users to manage digital assets and non-fungible tokens (NFTs). However, due to the regulatory uncertainty surrounding the crypto

In a new ruling, the Internal Revenue Service (IRS) has declared that staking rewards obtained by U.S. cryptocurrency investors should be included in their gross income. The IRS considers cryptocurrencies as property for federal income tax purposes, and therefore, rewards acquired through the Proof-of-Stake consensus mechanism fall under taxable income. This decision has significant implications

The U.S. Department of Justice (DOJ) has made a formal request to the court to revoke the bail bond of Sam Bankman-Fried (SBF), the founder and former CEO of FTX, a bankrupt cryptocurrency exchange. The DOJ’s request is based on SBF’s alleged attempts to tamper with witnesses, which could impede the government’s pursuit of a

Cybercriminals are evolving, shifting their focus from traditional ransomware attacks to a more covert strategy: cryptojacking. As businesses become less willing to pay ransom demands, attackers are turning to the exploitation of stolen computing power to mine digital currency. This adaptive and evasive approach increases their chances of success. According to SonicWall, a leading publisher

In recent days, SHIB, the popular meme coin, has seen a significant rise of nearly 6%, contributing to its monthly gains of almost 12%. This surge can be attributed to the introduction of the Shibarium Beta Bridge, an essential component of the Shiba Inu project’s larger vision to become a comprehensive ecosystem. The team behind

Crypto.com, a leading cryptocurrency exchange, has announced that it has obtained regulatory approval from the central bank of the Netherlands to register as a provider of digital asset services. This recent approval adds to the company’s growing list of authorizations from various European nations, including the United Kingdom, France, Italy, Spain, and more. In its

The House Financial Services Committee (HFSC) faced obstacles in reaching an agreement for stablecoin legislation on Thursday. The failure was primarily due to disagreements between Democrats and the existing text of the bill. Committee Chair Patrick McHenry (R-NC) blamed the White House for the delay, suggesting that the administration’s unwillingness to compromise had brought negotiations

In an unexpected turn of events, Twitter has undergone a sudden rebranding and is now known as X Corp. This surprising move has left many people bewildered, but it appears that Elon Musk has had a grand vision for the platform for quite some time. Let’s delve into what we know about Musk’s plans for

Wall Street Memes (WSM) is rapidly approaching the $17 million mark in its presale, as investors continue to pour funds into this promising meme coin. Despite launching less than eight weeks ago, the project has generated significant excitement and fear of missing out (FOMO) within the crypto community. With one of the largest and most

The United States Securities and Exchange Commission (SEC) is currently reviewing six spot Bitcoin exchange-traded fund (ETF) applications, which could potentially lead to their approval or rejection. This news has generated excitement in the crypto space, especially with the involvement of finance giants such as BlackRock and Fidelity Digital Assets. Formal Acknowledgment of Applications According

Renowned author Nassim Nicholas Taleb, known for his critical stance on cryptocurrencies, recently expressed his belief that the allure of digital assets is waning as young individuals divert their attention towards Artificial Intelligence (AI). In a series of tweets, Taleb argued that the crypto hype is “starting to peter out” due to the emerging fascination

According to a recent report from CryptoQuant, Ripple’s landmark victory in its lawsuit against the U.S. Securities and Exchange Commission (SEC) has potentially initiated a bull market for neighboring altcoins. The crypto market intelligence firm has provided data indicating a surge in altcoin market activity over the past week, compared to the relatively stagnant Bitcoin

Societe Generale’s cryptocurrency arm, SG Forge, has made history by becoming the first company to receive a regulatory license as a Digital Asset Service Provider from the French Financial Markets Authority (AMF). This license, known as the DASP license, is the highest level of regulatory certification available for digital asset activities. While there are currently

Mahe, Seychelles, July 18th, 2023 – In an exciting development, the highly sought-after token $TET, which has been performing exceptionally well on Uniswap, has now been listed on the prestigious MEXC Exchange. This listing marks a significant milestone for the Tectum project and introduces a range of thrilling prospects for investors and traders across the

Blockchain analytics company IntoTheBlock has analyzed on-chain data and found that approximately 29% of all circulating bitcoins (BTC) have not been moved for more than five years. This significant portion of unmoved assets could potentially represent lost coins, according to analysts at IntoTheBlock. Their findings align with a recent report from crypto exchange Bitfinex, which

Authorities in the United States have apprehended Brandon Austin and his father, Eugene “Hugh” Austin, on charges of operating a significant cryptocurrency fraud, with allegations of embezzling more than $10 million from investors. Brandon, who has already pleaded guilty, is awaiting his sentencing on September 6. The recent reports suggest that federal agents detained 27-year-old