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Japanese crypto exchange raises $320M to recover funds after major hack
5.6.2024
DMM Bitcoin aims to compensate users for a $320 million loss following a major hack by raising equivalent funds
DWF Labs invests $12M in FLOKI tokens to boost its ecosystem
5.6.2024
DWF Labs plans to invest $12 million in FLOKI tokens as a significant show of support for the Floki Ecosystem. This investment firm is quite popular in the digital asset space and focuses on Web3 investments at different growth stages. The acquisition will involve purchasing tokens on the market...
Argentina Officially Launches Virtual Assets Service Providers Registry
5.6.2024
The Argentine securities watchdog (CNV) announced the official launch of Argentina’s Virtual Assets Service Provider (VASP) Registry, allowing almost 100 companies and individuals to apply to be authorized to offer digital assets linked services in the country. The registry will remain open...
FLOKI Token Reaches 417,400 Holders, Leading Memecoin on BNB Chain
5.6.2024
The memecoin FLOKI recently crossed 417,400 holders on the BNB Chain, making it the biggest memecoin on that blockchain by market capitalization and number of holders. Recently, the Floki developers launched a new Telegram-based trading bot that allows holders to trade any token on the BNB Chain...
First Civil Lawsuit Filed Against Crypto Platform JPEX for Alleged Fraud
5.6.2024
Two citizens, Chan Wing-yan and Herbert Lee Sun-him, have filed the first civil lawsuit against the cryptocurrency platform JPEX, seeking to recover approximately 240,000 units of tether, worth about HK$1.85 million. This marks the first civil lawsuit since the alleged fraud was uncovered nine...
Microsoft India X Account Hijacked by Crypto Scammers
5.6.2024
Cryptocurrency scammers recently hijacked the official Microsoft India X account, which boasts over 211,000 followers, to impersonate Roaring Kitty, the pseudonym of well-known meme stock trader Keith Gill. Microsoft India’s X account, marked with a gold check indicating official...
Central Bank of Qatar Announces CBDC Project
5.6.2024
The Central Bank of Qatar recently announced the completion of the infrastructure development supporting an in-house-built CBDC. The bank estimates that the project will enter its experimental stages this year in October, allowing several national and international banks to test the functionality...
Ukrainian Police Bust International Crypto Fraud Ring, 14 Arrested
5.6.2024
Ukrainian authorities have dismantled a criminal ring defrauding citizens across Ukraine, Moldova, Kazakhstan, and the European Union through deceptive call centers promising lucrative cryptocurrency investments. The National Police of Ukraine detained 14 suspects, including the alleged organizers...
Study: Half of Surveyed Germans ‘Imagine Using a Digital Euro as an Additional Payment Option’
5.6.2024
A new report has found that half of Germans who participated in a survey study can “imagine using a digital euro as an additional payment option.” However, the study also revealed that some three-quarters of the respondents view the “aspect of privacy in connection with the use...
Thailand’s SEC Approves Bitcoin ETF Fund for Wealthy Investors
5.6.2024
The Securities and Exchange Commission (SEC) of Thailand has granted approval to One Asset Management (ONEAM) to launch a fund that invests in spot bitcoin exchange-traded funds (ETFs). The fund, named “One Bitcoin ETF Fund of Funds Unhedged Fund Not For Retail Investors...
Bybit Report Shows Growing Popularity of Meme Coins Among Institutional and Retail Investors
5.6.2024
A new report by crypto exchange Bybit shows that meme coins are becoming significant components of crypto portfolios. Institutional meme coin holdings surged 226% from February to March while retail meme coin holdings spiked 478% from February to April. However, they “aggressively sold...
Peter Brandt Predicts Bitcoin Bull Market With BTC Potentially Reaching $150,000
5.6.2024
Veteran trader Peter Brandt has emphasized the symmetry in bitcoin bull market cycles, suggesting the next peak may occur in late August or early September 2025, with the price of bitcoin potentially reaching $150,000. However, Brandt remains cautious, assigning a 25% probability that...
Australian Court Exempts Block Earner from Paying Penalty; Criticizes Regulator’s Misleading Press Release
5.6.2024
A Federal court in Australia has relieved the crypto firm Block Earner from paying a penalty for breaching the financial services law when it offered the Earner product. According to the ruling, Block Earner “acted honestly and not carelessly,” hence it should not be made to pay...
Digital Yuan App Drops ‘Pilot’ Description, Hints at Change to Production Ready Status
4.6.2024
The digital yuan app, which services users of the Chinese CBDC, has dropped the ‘pilot’ label from its name without any announcement, prompting speculation about an upcoming move to production stages. While local Chinese news outlets explained that this change had to do with app requirements, some...
FTX Reaches Settlement With IRS on $24 Billion Tax Claim
4.6.2024
Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax authority will receive a $685 million lower priority...
VC Billionaire Chamath Palihapitiya Explains the $500,000 Bitcoin Case: Countries Will Become Dual Currency
4.6.2024
Chamath Palihapitiya, the founder and CEO of Social Capital, a venture capital firm, has explained how bitcoin could reach $500,000 or even higher price levels in the coming months. During a podcast, Chamath clarified that considering the price performance in the previous halving cycles, bitcoin...
Edward Snowden on NYSE Trading Halts: ‘Bitcoin Fixes This’
4.6.2024
On Monday, the New York Stock Exchange (NYSE) encountered a series of unexpected trading halts affecting stocks such as Chipotle and Berkshire Hathaway. Berkshire shares plummeted 99.7%, while Chipotle’s stock fell 66%. In response to the event, renowned whistleblower Edward Snowden took...
Bitcoin Surpasses $70,000, Reaches Intraday High of $71,031
4.6.2024
The price of bitcoin (BTC) climbed above the $70,000 mark on Tuesday, hitting an intraday peak of $71,031 on Bitstamp. This marks a nearly 3% increase over the past day, adding approximately $1,891 in value since the 24-hour low. Bitcoin’s Price Stabilizes Above $70,000 Bitcoin remains...
Hong Kong Police sound alarm on rising digital asset-linked crime wave
4.6.2024
In recent months, the Hong Kong Police Force’s Advisory Group has raised alarms over a significant increase in crimes related to digital assets. This surge in illegal activities involves cryptocurrencies, non-fungible tokens (NFTs), and other blockchain-based financial instruments....
3 Bitcoin Mining Pools Wield 69% of Total Hashrate Discovering 301 Blocks in 72 Hours
4.6.2024
Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry USA and Antpool, two industry titans, command a formidable 55.5% of Bitcoin’s total computational power. Foundry Dominates Bitcoin Mining...