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Confessions of a Web Developer XX
12.6.2023
It’s been quite a while since I’ve gotten a few things off of my chest and since I’m always full of peeves and annoyances I thought it was time to unleash: One day you’re getting recruited by another crypto wallet vendor, the next their users are getting drained of funds....
Former SEC Official Predicts Impending DOJ Indictment Against Binance
12.6.2023
Former Securities and Exchange Commission (SEC) official John Reed Stark said on Sunday via Twitter that he believes the U.S. Department of Justice (DOJ) has filed or will file a criminal indictment related to Binance. Stark, who draws from his experience in the SEC Enforcement Division, pointed...
Economist Peter Schiff Says the Fed Destroyed US Banking System — ‘It’s Insolvent’
11.6.2023
Economist Peter Schiff says the U.S. banking system is insolvent. He stressed that the Federal Reserve destroyed the U.S. banking system, citing near-zero interest rates at banks while “the Fed funds rate is 5.25% and the real inflation rate is much higher.” Schiff previously warned...
IMF Urges Fed to Maintain Tightening Policy Amid Inflation Concerns, Citing ‘Challenges’ Ahead
9.6.2023
On Thursday, International Monetary Fund (IMF) spokesperson Julie Kozack urged the U.S. Federal Reserve and several other central banks to maintain a restrictive monetary policy known as tightening. Kozack stated that the U.S. central bank may need to keep the federal funds rate higher “for...
Vitalik Buterin’s Shiba Inu Donations to Power New Round of India Covid Relief Funds
9.6.2023
Buterin said the new donation would work toward reducing the long-term impact of coronavirus
Biggest Bank in Australia to Limit Transfers to Crypto Exchanges
9.6.2023
Commonwealth Bank of Australia plans to restrict payments to crypto trading platforms, citing the threat of scams. The measure would deal another blow to digital asset exchanges operating in the country where it has been getting harder to deposit funds for cryptocurrency operations. Crypto Traders...
Investor loses $2.8 million in Atomic wallet hack – This AI crypto could help prevent future hacks
7.6.2023
In a startling incident highlighting the inherent risks associated with the cryptocurrency ecosystem, ZachXBT reports that an investor lost a staggering $2.8 million in the Atomic Wallet hack. This unfortunate event serves as a reminder to install robust security measures to protect user assets....
SEC lawsuit claims Binance.US, Changpeng Zhao put customer funds ‘at significant risk’
7.6.2023
One of the latest SEC filings in its lawsuit against Binance says billions in customer funds are at the “mercy” of Binance CEO Changpeng Zhao
Binance.US says user funds 'remain safe' amid SEC attempt to freeze assets
7.6.2023
The U.S.-based exchange said it's "fully operational" and called the SEC's motion "unwarranted."
Today in Crypto: Two US Representatives Demand Crypto Tax Regulations, Atomic Wallet Stolen Funds Traced to N.Korean Hackers, OKX Partners with Custody Service Provider Komainu, Zodia Custody Joins Hands with Blockdaemon
6.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.__________...
Read More: Today in Crypto: Two US Representatives Demand Crypto Tax Regulations, Atomic Wallet Stolen Funds Traced to N.Korean...
Report: Binance Controlled Bank Accounts Belonging to Its US Affiliate Between 2019 and 2020
6.6.2023
Between 2019 and 2020, crypto exchange Binance controlled bank accounts belonging to its U.S. affiliate including one holding funds of American clients, a new Reuters report has said. According to the report, employees of the crypto exchange’s U.S. affiliate had to get Binance executive...
Atomic Wallet Hack: Team Claims No Assets Have Been Lost in More Than 40 Hours
6.6.2023
The Atomic Wallet team claimed on June 4 that the hacking incident in which digital assets worth nearly $35 million were stolen has only affected less than 1% of its monthly active users. The team also promised to report “victim addresses to major exchanges & blockchain analytics to trace...
Crypto Hedge Fund Arca Has Trimmed 30% of Its Staff
5.6.2023
Crypto asset manager Arca has cut 30% of its staff amid a continuing bear market and regulatory uncertainty, the company said Monday
Former Bitmex CEO Arthur Hayes Predicts Bitcoin Bull Market as US Economy Worsens
5.6.2023
Arthur Hayes, the former CEO of Bitmex, predicted the coming of a bitcoin bull market in the last two quarters of 2023. In his latest article, Hayes states that for investors, patience is vital, as he explains that the U.S. Federal Reserve will be unable to control inflation as the U.S. debt will...
Atomic Wallet Hack: Decentralized Finance Wallet Breached, Millions Lost in Attack
4.6.2023
On June 3, 2023, numerous sources revealed details about an attack on Atomic Wallet that resulted in significant financial losses for many victims. The Atomic Wallet team announced they are looking into the issue, while onchain investigators like Zachxbt have also been digging deeper, searching...
TikTok Influencer Uses Bitcoin to Launder Fraudulent COVID Relief Funds - Here’s What Happened
2.6.2023
Denish Sahadevan, a 31-year-old social media influencer, has pleaded guilty to a series of criminal charges related to money laundering using cryptocurrency.
The US prosecutors have alleged that Sahadevan fraudulently obtained more than $1.2 million in government relief loans.
On May 31, the...
Bybit Follows Binance’s Footsteps, Exits Canadian Market Amid Regulatory Concerns
31.5.2023
In the wake of Binance’s departure from Canada, cryptocurrency exchange Bybit has announced its exit from the nation as well, citing “recent regulatory development” as the reason. Effective May 31, Bybit stated that it would cease accepting applications from Canadian residents....
StepStone VC Raises $97M for Two Blockchain Funds
31.5.2023
SEC filings show pooled investment figures for the two private equity funds
Venture Capital Firm Tribe Capital Targets $100M for Latest Crypto Fund: Sources
31.5.2023
Tribe plans to make early-stage investments of $500,000-$3 million in layer 1 and 2 ecosystems, DeFi projects and infrastructure plays to bring real-world assets on chain
Crypto Exchange Bkex Suspends Withdrawals Amid Money Laundering Incident
30.5.2023
Bkex, a crypto exchange based in the British Virgin Islands, has suspended withdrawals due to an allegation that a user’s “funds were involved in money laundering.” In order to assist law enforcement with their investigation and gather evidence, Bkex said it has decided to halt...