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US Media Executive Charged in $67 Million Fiat-to-Crypto Money Laundering Scheme
4.6.2024
The U.S. DOJ has charged the CFO of a media company with one count of money laundering and two counts of bank fraud for participating in a scheme that laundered criminal proceeds using cryptocurrency. Authorities allege that Weidong Guan and his accomplices used bank accounts opened with stolen...
Coinbase donates $25 million to Fairshake’s super PAC
4.6.2024
Coinbase has contributed $25 million towards Fairshake’s super PAC, meant to finance the political campaigning of crypto-inclined congress nominees. This gesture follows similar contributions made by Ripple and a16z to the tune of $25 million to Fairshake recently. The super PAC has now received...
Coinbase chips in another $25M to crypto super PAC Fairshake
4.6.2024
Coinbase has joined Andreessen Horowitz and Ripple in donating $25 million to the crypto-focused super PAC ahead of the United States elections
Billionaire Bitcoin Advocate Michael Saylor Agrees to $40 Million Settlement in Tax Evasion Case
3.6.2024
The billionaire Bitcoin advocate Michael Saylor has reportedly agreed to pay $40 million to settle an income tax evasion dispute with the District of Columbia Attorney General. The settlement ended the Attorney General’s lawsuit, in which it accused Saylor of falsely claiming to be a resident...
Bitcoin miner balances drop under the 1.81 million BTC bracket
3.6.2024
Bitcoin miner balances dropped below the 1.81 million BTC bracket following the halving, and the figure is the lowest for some time now. This signifies an economic struggle after the halving. Bitcoin miner balances have been on a roller coaster ride for a while now. The balance pertaining to miner...
After $7 million hack, Velocore offers bounty to hacker
3.6.2024
Velocore, which is a decentralized exchange, is defrauded of $6.8 million as a result of a vulnerability in the smart contracts that manage its liquidity pools. Incidentally, the exchange functions on the Telos as well as on the zkSync, Era, and Linea blockchains. Since there was a flaw in...
Whales buy $112 million Dogecoin as market sentiment dips
3.6.2024
According to a crypto analyst, whales have decided to mobilize and accumulate an impressive amount of Dogecoin (DOGE), which is a recent and rather exciting event in the world of cryptocurrencies. The unexpected acquisition, which took place over 72 hours, involved 700 million DOGE, or roughly $112...
Decentralized Exchange Velocore Confirms Breach, Reports $6.8 Million in Financial Losses
3.6.2024
The decentralized exchange Velocore confirmed a breach on its platform on June 2, during which attackers stole ethereum tokens worth an estimated $6.8 to $10 million. The Velocore team is actively pursuing the hackers and is open to negotiating a settlement. Hackers Exploited Vulnerabilities Within...
Bitcoin Firm Unchained Partners With University of Texas to Launch $5 Million Bitcoin Endowment Fund
1.6.2024
The financial services firm Unchained and the University of Texas have partnered to launch a long-term endowment fund in bitcoin (BTC). Joseph Kelly, CEO and co-founder of Unchained, set the ball rolling with a personal donation of two bitcoins. The bitcoin financial services firm also intends...
Turkey Detains 127 Crypto Ponzi Scheme Co-Conspirators, Seizes Assets Worth Over $31 Million
1.6.2024
According to Turkish authorities, the country’s law enforcement agencies have disrupted a criminal syndicate that lured unsuspecting residents into investing in a Ponzi scheme disguised as a cryptocurrency investment. The syndicate is reported to have swindled $1 billion from investors who were...
Global Crypto Ownership Reaches 562 Million: 6.8% of World Population Now Own and Use Digital Currencies
1.6.2024
A new report reveals that 562 million people globally now own digital currencies, an increase from 420 million in 2023, making up 6.8% of the world’s population. Asia is at the forefront of this growth, with North America close behind. Overall, cryptocurrency adoption is rising worldwide...
Penguiana Doubles Market Cap to Over $2.5 Million Ahead of GUIANA NFT Mint
1.6.2024
Penguiana, the distinctive penguin-themed meme coin on the Solana blockchain, continues to captivate the crypto community, achieving a new milestone by doubling its market cap to over $2.5 million according to Dexscreener. This surge in valuation underscores the strong investor confidence...
Crypto losses: $200 million in 2024 due to hacks, rug pulls
31.5.2024
Recently, in the year 2024, the cryptocurrency industry has experienced a rapid increase in financial damages due to the frequent occurrence of cyberattacks such as hacks and rug pulls. Immunefi, a blockchain security firm, disclosed that 32 confirmed attacks resulted in losses exceeding $200...
Bitdeer Announces $100 Million Investment From Tether
31.5.2024
On Friday, the publicly listed mining company Bitdeer Technologies Group revealed that the leading stablecoin firm Tether has purchased $100 million in Bitdeer shares. Additionally, Tether holds an option to acquire an additional $50 million in shares in the future. Bitdeer and Tether Forge...
Tether invests $150M in Jihan Wu’s crypto mining firm Bitdeer
31.5.2024
Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said
Smart crypto trader who made $2.7 million on Donald Trump’s MAGA coin reveals the next 100x runner
31.5.2024
Known only by their wallet “0x303”, a smart crypto trader made $2.7 million from the MAGA (TRUMP) meme coin, etching their presence into the annals of crypto lore just before the start of what is looking to be the beginning of the bull run. In search of the next crypto goldmine, this savvy trader...
Singapore's DBS Bank holding $650M Ethereum? Nansen flags whale holdings
30.5.2024
Nansen believes the crypto wallet already earned $200 million by holding ETH
Solana Meme Coin Prices Surge – Dogwifhat Up 20% and Sealana Raises Over 3 Million
30.5.2024
Solana meme coin prices are surging, with dogwifhat (WIF) up a stunning 27% since the start of the week while an exciting new coin called Sealana (SEAL) has raised more than $3 million.
The post Solana Meme Coin Prices Surge – Dogwifhat Up 20% and Sealana Raises Over 3 Million appeared first...
Trader Turns $462 into $3.4 Million Thanks to PEPE
30.5.2024
While very volatile, cryptocurrencies offer some of the highest potential returns in investing, especially with assets like meme coins like PEPE.
The post Trader Turns $462 into $3.4 Million Thanks to PEPE appeared first on Cryptonews
Bitfarms Rejected $950 Million Riot Platforms’ Acquisition Proposal, Citing Undervaluation
29.5.2024
Bitfarms, a global Bitcoin mining company, has confirmed receiving and rejecting an acquisition proposal from Riot Platforms on April 22, 2024.
The post Bitfarms Rejected $950 Million Riot Platforms’ Acquisition Proposal, Citing Undervaluation appeared first on Cryptonews