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KSI Faces Pump-and-Dump Allegations After Reopening Crypto-Focused X Account
15.2.2024
Renowned YouTube personality Olajide Olayinka Williams Olatunji, widely known as “KSI,” has found himself embroiled in controversy once again, facing allegations of cryptocurrency pump and dump schemes after reactivating a crypto-focused account on social media platform X. Does this...
Crypto Money Laundering Dropped Almost 30% in 2023: Chainalysis
15.2.2024
Illicit cryptocurrency transactions fell roughly 30% in 2023, according to Chainalysis’ newly released 2024 Crypto Crime Report. This decrease signals a major shift in crypto money laundering trends. The report also stated that total funds sent between illicit addresses dropped by 14.9%...
Citi Innovates with Avalanche Blockchain to Tokenize Private Equity Funds
15.2.2024
Big four American banking giant Citi has just completed a proof-of-concept (PoC) to tokenize traditional finance (TradFi) assets and distribute them on blockchain. The multinational investment bank and financial services corporation used Avalanche’s Evergreen subnet Spruce “for...
U.S. Treasury Backtracks on Claims of Hamas Using Crypto for Terrorism Financing
15.2.2024
The US Treasury’s Undersecretary for Terrorism and Financial Intelligence, Brian Nelson, confirmed in a testimony before the House Financial Services Committee that the media and Washington lawmakers exaggerated earlier reports of Hamas using crypto to fund terrorist activities....
Quicknode Enhances Blockchain Infrastructure With Zksync Hyperchain Support
15.2.2024
Quicknode, a leading blockchain infrastructure provider, has officially expanded its offerings to include support for Zksync hyperchains, enhancing its custom chains solution portfolio. This development introduces a new level of scalability and privacy for businesses leveraging blockchain...
Telefónica Partners with Chainlink to Enhance Web3 Security Through GSMA Open Gateway
15.2.2024
Spanish Telco company Telefonica has announced a partnership with Chainlink to provide secure connections for web3 smart contracts. In a recent press release, the company highlighted plans focused on GSMA Open Gateway API security with blockchain technology at the forefront. According to...
Asia Still Attractive to Crypto Players, But US Sees Increased Interest Post-ETF Approval + More Crypto News
15.2.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In today’s crypto news: Asia Still Attractive to Crypto Players, But US Sees Increased Interest Post-ETF Approval Tokenization is Future of Finance, Despite Slump...
Debt Box Urges Utah Federal Judge to Reject SEC’s Motion to Dismiss Enforcement Action
15.2.2024
Debt Box, a software firm entangled in a legal battle with the United States Securities and Exchange Commission (SEC), has launched a countermove against the regulatory body’s attempt to dismiss the case. Filed on February 14, Debt Box’s response characterized the SEC’s motion as a strategic...
Protocol Village: QuickNode Adds Support for ZkSync Hyperchains
15.2.2024
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Feb. 15-21
Citi, Wellington Management, & WisdomTree explore private market tokenization
15.2.2024
Citi announced that it has successfully conducted the Proof-of-Concept on the tokenization of private funds. The feat has been achieved in association with Wellington Management and WisdomTree, adding that PoC was done on the Avalanche Spruce institutional test subnet.The capabilities of smart...
RockWallet Absorbs Crypto Payments Firm Wyre’s User Base in Post-Shutdown Move
15.2.2024
Following last year’s closure of crypto checkout gateway Wyre, non-custodial wallet RockWallet is stepping in to acquire its user base. The self-managed crypto wallet acquired the entirety of Wyre’s customer base on Thursday, around eight months after the latter’s shutdown in June 2023....
Crypto Miner Phoenix Group Reports 50% Jump in Net Income
15.2.2024
UAE-based blockchain mining firm Phoenix Group said it has seen a 50% growth in net income and a “substantial increase” in year-on-year sales following its initial public offering (IPO) on the Abu Dhabi Stock Exchange. In an announcement, Phoenix Group said sales experienced a surge of...
SEC Obtains Investigative Subpoena Against NovaTech Crypto Investment MLM Promoters
15.2.2024
The United States Securities and Exchange Commission (SEC) has announced that it obtained a court order to enforce an investigative subpoena against two NovaTech crypto investment scheme promoters. In a recent press release, the financial regulator disclosed updates in its investigation against...
AltLayer launches SDK for zkSync hyperchain deployment
15.2.2024
AltLayer, a pioneering decentralized platform that allows rollup network building in collaboration with smart contract development giant Matter Labs, has finally been revealed, marking another significant success for the cryptocurrency and blockchain industries. By integrating Matter Labs’...
Prominent Crypto Attorney Contemplates 2024 Senate Run Against Elizabeth Warren
15.2.2024
John Deaton, founder of Crypto Law and a prominent attorney in the SEC vs Ripple lawsuit, is reportedly considering running as a Republican against crypto-critic Senator Elizabeth Warren in the 2024 US Senate elections in Massachusetts. Deaton is taking a “serious look” at the Senate run and will...
Moonwell Introduces ‘USDC Anywhere’ for Cross-Chain Lending and Borrowing
15.2.2024
Moonwell has launched a new feature called “USDC Anywhere,” designed to facilitate the cross-chain lending and borrowing of the USD Coin stablecoin directly across various Ethereum networks. Following the launch on Feb. 14, a Moonwell blog post revealed that USDC Anywhere untilized Circle’s...
Bitcoin to Hit 90k Before End of 2024, Says Russian Crypto Industry Chief
15.2.2024
Bitcoin will hit the $90k mark before the end of 2024, the head of a Russian crypto industry body claimed this week. The comments came from the President of the Russian Association of Cryptocurrency and Blockchain (RACIB) Yuri Pripachkin, the Russian-language media outlet CoinSpot reported....
South Korean Police Arrest Suspects in Winnerz-linked ‘Scam Coin’ Case
15.2.2024
A suspected scam coin operator was arrested in Gimpo, Gyeonggi Province, South Korea – in a case that appears to be linked to the controversy surrounding the blockchain firm Winnerz. According to YTN, Gimpo police charged an unnamed individual in their 20s with fraud. A second individual (also...
Bitcoin Long-Term Holders Spend 300k BTC Amid Multi-Year Highs, Losses Thin Out
14.2.2024
Almost all Bitcoin long-term holders are back in the black this week after the leading digital asset resurged above $50,000 on Monday for the first time since December 2021. That’s despite a major market pullback last month following the launch of several Bitcoin spot ETFs, characterized by many...
SEC Chair Gensler Warns of Bitcoin’s Role in Ransomware, Advocates for Centralized Money
14.2.2024
United States Securities and Exchange Commission (SEC) Chair Gary Gensler spoke about Bitcoin, stating that it is the leading market share for ransomware attacks. Despite the agency’s approval of 11 Spot Bitcoin ETFs earlier this year, Gensler has continued to express his disapproval of...