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Bitfinex CTO Dismisses Breach Claims as ‘Pure FUD,’ Says No Group Has Asked for Ransom
5.5.2024
Paolo Ardoino, the chief technology officer of Bitfinex, has dismissed claims that Bitfinex has been breached as “pure FUD [fear, uncertainty and doubt].” A report by Shinoji Research suggested that the ransomware group, Fsociety, might have access to every Know Your Customer (KYC)...
Coinbase faces new lawsuit over alleged investor deception
5.5.2024
The plaintiffs claim Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland (MANA), Algorand (ALGO), Uniswap (UNI), Tezos (XTZ), and Stellar Lumens (XLM) are securities
Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern
5.5.2024
Nigerian authorities are reportedly planning to prohibit financial institutions from facilitating peer-to-peer cryptocurrency transactions. According to a report, Nigeria’s Office of the National Security Adviser has classified cryptocurrency trading as a national security concern. Three fintech...
South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning
5.5.2024
The South African Financial Intelligence Centre recently issued a draft directive calling crypto-asset service providers to implement the Financial Action Task Force’s (FATF) travel rule. However, key figures in South Africa’s crypto industry say several factors could hinder the implementation...
Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August
5.5.2024
Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices...
Robert Kiyosaki Shares Crash Survival Rules — Warns ‘Crash Has Begun, It Will Be a Bad One’
5.5.2024
Rich Dad Poor Dad author Robert Kiyosaki has cautioned that a crash has begun, highlighting its severity. The famous author also shared his crash survival rules. He urged investors to invest in bitcoin, alongside gold and silver, emphasizing that they are “real money that goes up in value...
Block Is Buying Bitcoin Every Month for Its Balance Sheet
4.5.2024
Block Inc. has announced its strategy of regularly purchasing bitcoin for its corporate balance sheet via dollar-cost averaging (DCA). The company plans to allocate 10% of its monthly gross profit from bitcoin products towards investments in the cryptocurrency. “We view bitcoin as...
BTC-e Operator Alexander Vinnik Pleads Guilty to Money Laundering Charges
4.5.2024
According to a press release from the U.S. Department of Justice, Alexander Vinnik, a former operator of the BTC-e exchange, has admitted to a conspiracy to launder money. This admission of guilt comes over six years following his arrest in Greece on July 25, 2017. BTC-e’s Vinnik Pleads...
Snowden Issues ‘Final Warning’ to Bitcoin Developers on Privacy Enhancements
4.5.2024
In the wake of the U.S. intensifying its clampdown on privacy-oriented software and Zksnacks closing its coordinated coinjoin service, Edward Snowden, the NSA whistleblower and former contractor, has issued a stern warning to Bitcoin developers. Snowden emphasizes that time is running out...
NFT Market Sees Over 30% Decline in Weekly Sales
4.5.2024
From April 27 to May 4, 2024, non-fungible token (NFT) sales amassed $164.4 million, reflecting a 30.16% decrease compared to the previous week. Leading the field in blockchain sales, Bitcoin-based NFT sales totaled $56.81 million, experiencing a 41.57% drop from the preceding week. Bitcoin...
Grayscale’s Bitcoin Trust Halts 78-Day Outflow Streak With $63M Inflow
4.5.2024
Statistics indicate that after a prolonged period of 78 days, Grayscale’s Bitcoin Trust has ceased experiencing outflows, observing an infusion of $63 million on Friday, equating to around 1,030 bitcoins. GBTC Sees First Inflows After 78 Days For the time being, Grayscale’s Bitcoin...
Upward momentum: BEFE coin price poised for a pump
4.5.2024
The highly anticipated Bitcoin halving happened weeks ago. While there was so much hype and buzz around it, the market movements are yet to warm up and join the party. Considering the volatility and inconsistent momentum affecting the general crypto market, it is great news to find bullish...
May 2024’s crypto craze: Bitgert coin steals the spotlight
4.5.2024
Without much doubt, the crypto market has continued its rollercoaster ride into May, but amid all the volatility occurring, there’s one coin that’s vividly emerging as a front-runner: Bitgert. This phenomenon, which can be referred to as the Bitgert coin craze, is causing ripple...
US Authorities Charge Man in Connection With $43 Million ‘Classic’ Ponzi Scheme
4.5.2024
U.S. authorities have charged a man they accuse of operating a Ponzi scheme, which purported to invest in a cryptocurrency trading enterprise. The operator of the scheme is accused of defrauding investors of at least $43 million. FBI Assistant Director James Smith said the actions of Idin Dalpour...
BTC-e founder pleads guilty in $9 billion laundering conspiracy
4.5.2024
A federal district court judge will determine his sentence in accordance with the U.S. Sentencing Guidelines and other statutory factors
Cryptocurrency ETF trading platform ETFSwap (ETFS) grows 1,000% ahead of launch
4.5.2024
The crypto industry is currently struggling against a bearish wind, which could be attributed to the post-halving sell-off by Bitcoin (BTC) miners. Several crypto assets in the crypto market, including Bitcoin (BTC) and Ethereum (ETH), have recorded severe drops in price value trading above $63,000...
Democratizing Investment – The Power of Asset Tokenization in Real-World Assets
4.5.2024
In the traditional financial landscape, investment opportunities in real-world assets (RWAs) have traditionally been reserved for the affluent and well-connected, with significant barriers preventing the average person from accessing lucrative investment markets. For instance, opportunities...
Paypal Partnership Allows US-Based Moonpay Users to Buy Crypto With Their Paypal Accounts
4.5.2024
The digital asset trading platform, Moonpay, announced on May 2 that it had formed a partnership with Paypal. This partnership will allow U.S. users to purchase cryptocurrency using their Paypal accounts. Users of Moonpay can benefit from the security offered by Paypal, a payment provider known...
Buenos Aires Targets Worldcoin With Eye Scanning Biometric Bill
4.5.2024
A bill that seeks to regulate the activities of companies that scan the eyes of their users, like Worldcoin, has been recently introduced in Buenos Aires. The law aims to protect the app users’ rights and help them to secure and determine the destination of the biometric data collected...
Former Cred execs face wire fraud and money laundering charges
4.5.2024
After attending their initial court appearance on May 2, the former CEO and CFO of Cred must enter their plea on May 8