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Tether Faces Allegations, Causing Crypto Market to Shrivel Up
16.9.2024
The global crypto market is down by 3.17%, hovering around $2.04 trillion with an FGI of 36 points.…
North Korean Crypto Devs Behind DeltaPrime Attack & $5.93 M Theft
16.9.2024
The DeFi project DeltaPrime on the ARB chain has been attacked leading to a loss of $5.93 Million.…
Argentine Exchange Ripio Announces Defi Credit Card
16.9.2024
Ripio, a leading Argentine exchange, has announced that it has created a Visa-backed decentralized finance (defi) credit card allowing users to put crypto in a liquidity pool as collateral for purchases. The card, currently in the testing phases, will not sell the cryptocurrencies owned...
Crypto Broker DeltaPrime Drained of Over $6M Amid Apparent Private Key Leak
16.9.2024
The project is offered on both Arbitrum and Avalanche blockchains. Monday’s exploit impacted only the version on Arbitrum as of European morning hours
Base DeFi project disappears after rug pull
16.9.2024
BaseBros Fi, a DeFi protocol on the Base blockchain, vanishes after stealing user funds via an unaudited contract
DeFi platform Delta Prime suffers $6M breach
16.9.2024
The ongoing hack has already netted the attackers over $6 million worth of stablecoins, which have been swapped to ETH by the attacker
De Labs, Parent of DeGods & y00ts NFTs, launches $DEGOD crypto
16.9.2024
De Labs, the parent company of the popular DeGods and y00ts NFT collections, has launched a new crypto…
Weekend Wrap: Circle blacklists Lazarus, Ethereum researcher exits and more
16.9.2024
Circle is the fourth stablecoin issuer to blacklist Lazarus Group-linked wallets, but a blockchain analyst has called out the firm for doing so months after other stablecoin issuers
US lawmakers urge top crypto ATM operators to tackle fraud
16.9.2024
Seven Democratic US Senators have sent letters to ten of the country’s biggest Bitcoin ATM operators urging them to address fraud against elderly Americans
Latam Insights: Brazilian Federal Police Cracks Down on $9.7 Billion Crypto Money Laundering Rings, Brazil Uses AI to Detect Crypto Tax Fraud
16.9.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency...
Flappy Bird creator disavows revived game that hints crypto ties
16.9.2024
The new owners of the trademark Flappy Bird trademark say it’s coming back, and deleted web pages suggest it could have something to do with crypto
FBI Seizes Websites Linked to Crypto Recovery Fraud
16.9.2024
The Federal Bureau of Investigation’s San Diego office has seized websites linked to three fraudulent cryptocurrency recovery services. The scam preys on victims of crypto fraud by promising recovery of lost funds, often charging significant fees without delivering results. The FBI advises...
Gunshots Fired Near Trump; Crypto Reacts as Bitcoin, MAGA Dips
16.9.2024
In what is described as an apparent assassination attempt at a Florida golf course, Donald Trump was rushed…
SEC Regrets Confusion Over ‘Crypto Asset Securities’ — Ripple and Coinbase Weigh In
16.9.2024
Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC’s amended complaint against Binance, where...
UK Court Recognizes USDT as ‘Distinct Form of Property’
16.9.2024
A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible property in legal disputes. UK Court Recognizes...
Economist Peter Schiff Criticizes Lackluster Media Coverage of Gold’s Bull Market
15.9.2024
Peter Schiff, Chief Economist and Global Strategist at Europac, has criticized the lack of coverage that major economic media outlets have given to the recent surge in gold prices to record highs. However, Schiff characterized this lackluster coverage and the absence of experts addressing this...
New Bill Seeks Collaboration Between SEC and CFTC on Digital Assets
15.9.2024
A U.S. congressman has introduced the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act (BRIDGE Act), aimed at improving collaboration between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on digital asset...
Fiat-Pegged Crypto Market Expands by $1.39B in Past Week, Led by USDT and USDC
15.9.2024
Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward...
Indian Court Bars Police From Freezing Entire Bank Accounts in Crypto Fraud Probes
15.9.2024
An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency investigation. The court stressed that freezing...
Crypto and commodities poised for massive rally, says market analyst
15.9.2024
According to Michael van de Poppe, an upcoming surge in global liquidity, fueled by debt refinancing, could trigger the next Bitcoin bull run