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
Crypto
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
Binance, the world’s largest cryptocurrency exchange, is reportedly set to lay off thousands of employees as it faces a legal dispute with US regulators. The company’s CEO, Changpeng Zhao, acknowledged the layoffs but disputed the reported numbers of terminated staff members. According to the Wall Street Journal, Binance has already dismissed over 1,000 employees in
US prosecutors have filed charges against Soufiance Oulahya, a Moroccan citizen currently in custody, for allegedly stealing cryptocurrencies and non-fungible tokens (NFTs) with a total value of $450,000 from a victim in Manhattan. Oulahya is accused of creating a fake OpenSea marketplace in 2021 to carry out the theft. Indictment Details According to the United
Multichain, a cross-chain router protocol that recently fell victim to hacking, has made the difficult decision to cease its operations. The company cited a dire lack of operational funds as the primary reason behind this unfortunate development. Furthermore, the whereabouts of Multichain’s CEO, Zhaojun, have become a cause for concern, as he is currently in
Renowned author and entrepreneur Robert Kiyosaki has expressed his continued support for bitcoin, gold, and silver as he warns of the consequences of the US government’s policies. In a recent tweet, Kiyosaki praised these three assets while highlighting the fact that the wealthy will continue to accumulate wealth. The US stock market indexes have seen
Attorneys representing Sam Bankman-Fried (SBF) have requested Judge Lewis Kaplan to issue an order allowing certain individuals to visit their client without the need for security checks. Although SBF is permitted to stay at his parents’ house, he is subject to strict restrictions that include wearing an electronic monitoring bracelet and having a security guard
The team behind Base, an Ethereum Layer 2 chain developed in collaboration with Optimism, has announced that its mainnet is now available for builders to deploy their products. To commemorate the early adopters of the ecosystem, Base will release a special NFT called the “Genesis Builder”. However, the team has clarified that it has no
London, United Kingdom, July 14th, 2023 – Shiba Memu, a revolutionary dog-themed memecoin, has experienced an overwhelming response during its presale, generating nearly $800,000 in just nine days. With a current purchase value of $798,000 worth of SHMU tokens, Shiba Memu is set to make a significant impact upon its official exchange launch. The core
Bybit, a leading cryptocurrency exchange, has officially announced the commencement of registration for the highly anticipated ‘2023 World Series of Trading (WSOT).’ With a prize pool of up to $8 million worth of USDT, this event promises to be the most thrilling edition yet. Traders will also have the chance to win luxurious prizes, including
Coinbase, a leading cryptocurrency exchange, has announced the launch of a new feature for its self-custody wallet product called Coinbase Wallet. This feature allows users to engage in end-to-end encrypted messaging directly through their wallet. The primary objective is to provide users with full control and ownership over their identity and conversations, while also minimizing
The highly anticipated launch of Mr. Hankey Coin’s initial coin offering (ICO) is just hours away, generating a significant amount of excitement in the cryptocurrency world. Despite being announced earlier this week, news about the Mr. Hankey Coin ICO has rapidly spread across Web3, capturing the attention of prominent alpha investment groups and numerous crypto