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Man Fakes Own Kidnapping and Runs Off with USD 1.15M in Clients’ Bitcoin


The head of the biggest police agency in Venezuela says that a crypto go-between appears to have faked his own kidnapping as part of an audacious bid to disappear with some USD 1.15m worth of his customers’ bitcoin (BTC) funds. Per El National and an Instagram post from Douglas Rico, the head...

Coinbase Tries to Claw Back ‘Trust’ with Bitcoin Handouts after 2FA Gaffe


The American crypto exchange giant Coinbase has vowed to win back the “trust” of the customers it spooked with a blunder that saw it send “roughly 125,000” people “erroneous notifications” about changes made to the security settings on their accounts. And the firm has been hoping to quell disquiet...

Defi Platform Cream Finance Hacked, $29 Million Lost


Cream finance, a defi borrowing and lending protocol, has been the victim of a hack that erased more than $29 million from its vaults. The attacker took advantage of a loophole in the implementation for adding the amp token to the protocol. This is the second time the platform has been involved...

Bitcoin Struggles Below USD 48K, SOL Extends Rally


Bitcoin price failed to continue higher above USD 49,000 and started a fresh decline. BTC broke the USD 48,000 support level and it even traded below USD 47,000. The current (04:39 UTC) price action is somewhat negative, with a major support near USD 46,200. Similarly, most major altcoins...

Think Tank Tells South Korean Banks: Start Offering Crypto Custody Services


A research paper from an influential South Korean think-tank has recommended that banks enter the crypto custody and blockchain-as-a-service (BaaS) spaces to end their reliance on interest-based income sources. Per the news agency Yonhap, Lee Soon-ho, a senior researcher from the Seoul-based Korea...

Kava Swap Lists on AscendEX


PRESS RELEASE. AscendEX, a global digital asset trading platform with a comprehensive product suite, is thrilled to announce the listing of the Kava Swap token (SWP) under the pair USDT/SWP on Aug 31 at 1 p.m. UTC. In celebration of the SWP listing, AscendEX will work with the team at Kava Swap...

Pay Tax on Your Bitcoin Profits or Face Punishment, Mexican Auditor Warns


An auditor has warned that Mexicans must pay tax on bitcoin (BTC) and altcoin trading profits – or run the risk of becoming earmarked as money-laundering offenders. Per the news agency EFE, via El Nacional, Fidel Ortiz, the director-general of the accountancy FIXAT, claimed that BTC investment...

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