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ZKasino Users Plead for Refunds as $33M of Bridged Ether Sent to Lido
22.4.2024
Cryptocurrency casino ZKasino went live over the weekend but the launch was met with dismay from investors, who are calling foul on the company for sending $33 million worth of user deposits to staking platform Lido
Crypto Billionaire Justin Sun Moves $196 Million in Tether To Binance – What is He Buying?
17.4.2024
Justin Sun, the founder of Tron, sent a massive amount of USDT to Binance. On April 17, blockchain investigator Lookonchain made this shocking revelation that the Tron founder transferred $196 million worth of USDT from Huobi to a Binance wallet address.
The post Crypto Billionaire Justin Sun Moves...
Senator Elizabeth Warren Slams Push For Stablecoin Bill, Cites National Security Risks
10.4.2024
Senator Elizabeth Warren is criticizing the push for a stablecoin bill without anti-money laundering laws in place due to national security concerns, a letter sent on Monday to House Financial Service Committee Chairman Patrick McHenry (R-NC) and Ranking Member Maxine Waters (D-CA) reveals. Warren...
Filecoin Staking Protocol Core Team Detained by Chinese Police; $22 Million in FIL Tokens Sent to Unknown Address
10.4.2024
STFIL, the Filecoin liquid staking protocol, believes its core technical team is being investigated by the Chinese police. The STFIL team said it also recently detected abnormal and unscheduled upgrades to the protocol. During the core technical team’s detention, FIL tokens worth over...
Do Kwon Extradition Case Sent Back To Lower Court In Montenegro
6.4.2024
The fate of Terra founder Do Kwon's extradition returns back to a lower court as a jury finds him guilty of fraud following the Luna crash of 2022.
The post Do Kwon Extradition Case Sent Back To Lower Court In Montenegro appeared first on Cryptonews
Crypto Firm Copper Allegedly Sent $4.2M to Sanctioned Russian Arms Dealer’s Wallet
11.3.2024
UK-based crypto firm Copper Technologies reportedly transferred digital assets totaling more than $4.2m to a wallet associated with a Russian arms dealer. Subsequently, the individual faced US sanctions months later.
The post Crypto Firm Copper Allegedly Sent $4.2M to Sanctioned Russian Arms...
Vitalik Buterin’s Recent Ethereum Transaction Raises Eyebrows
5.3.2024
A recent transaction by Ethereum co-founder Vitalik Buterin has garnered attention from the crypto community. According to PeckShieldAlert, the wallet address is under Vitalik.eth sent 30 ETH to Railgun and exchanged around 27.63 ETH for 100,000 USDC.
The post Vitalik Buterin’s Recent...
DeFi Exploits in February Cause Losses of $82 Million With Just $1.3 Million Recovered: Report
1.3.2024
A report sent to Cryptonews by web3 app and antivirus solution De.Fi noted that $82,287,101 was lost in February 2024 from security incidents, with just $1,325,932 recovered.
The post DeFi Exploits in February Cause Losses of $82 Million With Just $1.3 Million Recovered: Report appeared first...
Crypto Media Houses Taken In By Fake $10M Uniswap Airdrop Scam
16.2.2024
A scammer deceived several crypto media houses into running stories on a fictitious $10 million Uniswap airdrop on February 15. This comes as the automated market maker (AMM) blockchain protocol announces the timeline for its latest V4 platform. Crypto News Outlets Promote Fake Uniswap Airdrop...
Chainalysis Report: Crypto Value Sent From Illicit Addresses Dropped by Nearly $10 Billion in 2023
16.2.2024
According to Chainalysis’ report on money laundering trends, the value of crypto transferred by illicit addresses in 2023 fell by nearly $10 billion from $31.5 billion to the latest $22 billion. The report attributes the drop to the overall decline in both legitimate and illicit crypto...
Sean Patrick Maloney Will Stop Working on Crypto Issues If Confirmed as OECD Ambassador: Report
15.2.2024
Sean Patrick Maloney pledged last week to stop advising on crypto issues if he is confirmed as U.S. representative to the Organization for Economic Cooperation and Development (OECD). Maloney reportedly sent a letter to Massachusetts Senator Elizabeth Warren on February 9, committing to resign from...
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%...
FOMC Likely to Keep Rates Unchanged in March After Hot Inflation Report
14.2.2024
Wall Street braced for a chilly reality as hotter-than-expected inflation data sent major indexes tumbling on Tuesday. The Labor Department report revealed US consumer prices surged in January, exceeding forecasts and fueled by rising shelter costs. This unexpected heatwave extinguished...
Blockchain Association Warns Warren’s Anti-Crypto Legislation Threatens US Jobs and Strategic Advantage
13.2.2024
The Blockchain Association has sent a second letter to the House Financial Services Committee and Senate Banking Committee expressing concerns over a bill sponsored by Senator Elizabeth Warren. The legislation, titled the Digital Asset Anti-Money Laundering Act of 2023 (DAAMLA), has garnered...
VanEck and BlackRock Advertises Spot Bitcoin ETFs on Google Following Policy Update – Injective (INJ) and InQubeta (QUBE) Capture Investor Interest
4.2.2024
Investing in BTC ETFs is about to become the new norm. In a move that sent ripples of excitement across the crypto scene, Google updated its policy to allow Bitcoin and crypto trust products to be advertised. Jumping on this trend are BlackRock and VanEck, now advertising their spot Bitcoin ETFs...
US Banking Sector Volatility — Distressed Commercial Real Estate Sector Raises Default Concerns
1.2.2024
Following the U.S. central bank’s decision to keep the federal funds rate unchanged, the turbulence in the commercial real estate market has sent shockwaves through the country’s banking sector and internationally as well. On Thursday, New York Community Bancorp witnessed a further...
Is Bitcoin Going To Zero As Grayscale Sends 10,000 BTC To Coinbase – Best Altcoins To Invest In Right Now
26.1.2024
Investors are fretting over whether Bitcoin might be going to zero, as digital asset management firm Grayscale continues to dump BTC on the market from its Grayscale Bitcoin Trust (GBTC) ETF. Just on Friday, Grayscale sent another $400 million worth of BTC to Coinbase to be sold, crypto analyst...
Samourai Wallet, Strike and Others Ask FinCEN to Withdraw Proposed Rules Tied to Crypto Mixing
25.1.2024
Samourai Wallet, River, Strike, Swan, and other companies in the cryptocurrency space have sent a letter to the Financial Crimes Enforcement Network (FinCEN), commenting on the proposed rules over mixing transactions introduced in October. These companies are asking FinCEN to withdraw its proposal...
Trezor Confirms Unauthorized Use of Email Provider Led to Malicious Emails
25.1.2024
Hardware wallet provider Trezor has confirmed that the unauthorized use of its third-party email provider led to a spate of malicious emails sent to users over the past 12 hours. In a statement released on January 24, Trezor disclosed that it had detected an unauthorized email impersonating...
South Korean ‘Crypto Drug Dealer’ Jailed for 7 Years
25.1.2024
A South Korean court has sent a drug dealer who sold narcotics to crypto-paying “customers” to jail for seven years. Per the news agency Yonhap, the Criminal Division of the Busan District Court also ordered the unnamed individual – referred to by the media as “A” – to pay a fine of over $9,000....