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Kronos Research Enters Negotiations with Hacker After $25 Million Cryptocurrency Theft, Offers 10% Bounty
28.11.2023
Source: AdobeStock / Sergey Nivens Taipei-based cryptocurrency trading and investment firm Kronos Research has initiated negotiations with the hacker responsible for the recent theft of $25 million from the company’s treasury. In a public message addressed to the unknown attacker, Kronos...
Indian Authorities Prepare Chargesheet Against 3 Accused in $240M Crypto Scam
28.11.2023
Source: Pixabay The Special Investigation Team formed to investigate the alleged $240 million crypto fraud in India will file chargesheet against the three main accused this week. Over 100,000 victims were duped in an alleged multilevel fake crypto scheme that also involved over 1000 police...
Singapore Central Bank Chief Sees No Future for Private Cryptocurrencies
28.11.2023
Source: PIxabay Singapore’s central bank’s managing director, Ravi Menon, emphasized that private cryptocurrencies falling short of fundamental financial service tests will eventually fade from the monetary scene. Menon outlined his vision for the future monetary system, highlighting three...
CZ Not off the Hook Yet as SEC Continues to Investigate Binance US: Report
28.11.2023
Source: Youtube/Entrepreneur ME The United States Securities and Exchange Commission (SEC) is seeking evidence regarding Binance.US’s alleged backdoor control over customer assets, resembling a structure akin to FTX, Wall Street Journal reported. In June, the SEC initiated legal action...
South Korean Police Shut Down ‘170-victim Robot-themed Crypto Scam’
28.11.2023
Source: DrArt/Adobe Police in South Korea have arrested a group of people they suspect of duping 170 “crypto investors” – by posing as cryptoasset-issuing robot developers. Per Joongang Ilbo, the Jeonnam Police Agency, officers made at least two arrests, with a 63-year-old and a 36-year-old charged...
Crypto Exchange OKX Officially Debuts in Brazil, Offers Trading With Advanced Features
28.11.2023
Source: Pixabay Crypto platform OKX announced its official launch in Brazil, offering users with advanced crypto features including trading and staking rewards. The roll-out would feature a Web3 wallet in Brazil, providing a secured and trusted gateway to DeFi and crypto trading. The company said...
Max Keiser Walks Back Bid to Get Bukele and Argentina’s Milei to Talk BTC
28.11.2023
Source: Oleksii/Adobe The bitcoiner Max Keiser has apparently retracted his bid to get El Salvador President Nayib Bukele and Argentina’s President-elect Javier Milei to talk BTC. Keiser last week took to X (formerly Twitter) to publicly ask Bukele for permission for the El Salvador Bitcoin “team”...
Jim Cramer Shifts to Bullish Outlook for Bitcoin – Will the Inverse Cramer Curse Still Play Out?
28.11.2023
Jim Cramer. Source: CNBC Jim Cramer – the eccentric host of CNBC’s finance show “Mad Money” – has flipped bullish on Bitcoin (BTC), signaling to some investors that it might be time to sell. The famous commentator has spent the past 12 months urging investors to steer clear of crypto markets...
Standard Chartered to Participate in Trials of China’s Digital Yuan CBDC – Here’s What You Need to Know
27.11.2023
  Source: Adobe/amixstudio Standard Chartered, a British multinational bank, will initiate exchange services for China’s central bank digital currency (CBDC), the digital yuan, as it is set to participate in its trials. On November 27, Standard Chartered announced that it is set...
Ex-Binance CEO Could Be Sentenced To 10 Years In Prison, According To DOJ
27.11.2023
Source: GeekWire/ Taylor Soper Binance founder Changpeng Zhao (CZ) could be sentenced to up to ten years in prison following his exchange’s historic legal settlement last week, according to a new filing from the Department of Justice (DOJ). The Justice Department’s statement comes amid ongoing...
Vested Digital Assets Worth $750M Set for Release in December After Initial Delay – Will Crypto Prices Sell Off?
27.11.2023
Source: Pexels Locked crypto assets valued at $750 million are set for release by December 2023, according to data gathered from the Token Unlocks platform. A total of four decentralized blockchain protocols are looking to saturate the crypto market with their digital tokens. Among these blockchain...
Binance’s New CEO Teng Commits to More Regulatory Collaboration – Is This a New Chapter for Binance?
27.11.2023
Image Source: Binance Following his appointment as the new CEO of the world’s largest crypto asset exchange on November 22, Richard Teng has outlined his vision for the platform going forward. In his first-ever blog post, Teng revealed that the Binance exchange would be focused...
U.S. Judge: Binance Founder Changpeng “CZ” Zhao Cannot Leave the U.S. For the Time Being – What’s Going On?
27.11.2023
Source: a video screenshot, Entrepreneur ME / YouTube Binance founder and former CEO, Changpeng Zhao, must stay in the U.S. for the time being until a federal judge decides whether or not he will have to stay in the country until his sentencing in February of next year. Last week, Zhao stepped down...
DEMAND Launches Bitcoin Mining Pool With Stratum V2, Promises Improved Security and Performance
27.11.2023
DEMAND launches Bitcoin mining pool based on new Stratum V2 technology. Image by Fatih Nizam, Adobe Stock. Bitcoin mining company DEMAND announced today the launch of the world’s first Stratum V2 mining pool, built using the open-source Stratum Reference Implementation (SRI). This new pool...
Jito Foundation Launches JTO Token To Manage Solana-based Liquid Staking Protocol
27.11.2023
Source: Pixabay The Jito Foundation is introducing a governance token designed to oversee and stimulate the development of the Solana-based liquid staking protocol. In a statement released on Monday, the company disclosed plans to create 1 billion JTO tokens to facilitate the governance of its Jito...
KyberSwap Retrieves $4.7 Million After Security Attack
27.11.2023
Source: Pixabay The decentralized exchange protocol recovered the funds following a security attack last week. After the initial attack last week, KyberSwap said that it had lost a total of $47 million from its concentrating liquidity pools. Yesterday, a portion of the funds recovery...
Hong Kong Authorities Investigate $15.4 Million Scam on Hounax: Report
27.11.2023
Source: Pixabay Police in Hong Kong have begun investigating the crypto trading platform after more than 130 people said they had been scammed. South China Morning Post reported on Saturday that Hong Kong authorities had vowed to make arrests soon in light of reports of over $15.4 million being...
Digital Asset Funds Record $346 Million Inflows as Assets Under Management Surge Past $45.3 Billion
27.11.2023
Source: Adobe / Luisa Cryptocurrency products recorded a massive $346 million in weekly inflows, marking the highest figure in the past nine weeks of consecutive gains. A CoinShares Digital Asset Fund Flows Weekly Report shows a growing bullish sentiment in the market after positive signs from...
Bankless Founders Vow to Separate Media Company from DAO Amid Controversy
27.11.2023
Image Source: Pixabay In the midst of an ongoing controversy surrounding cryptocurrency media platform Bankless and its associated decentralized autonomous organization (DAO), the company’s founders have announced their intention to separate the brand from the DAO. Co-founders David Hoffman...
The Collision of AI and Crypto Attracts Scammers – What’s Going On?
27.11.2023
Source: Adobe / ZayNyi As the crypto industry continues to evolve, a new wave of scams is emerging, blending the hype of artificial intelligence (AI) with crypto, Kathleen Breitman, co-founder of the Tezos blockchain, has warned. Writing in a commentary piece for Fortune on Sunday, warned of...