Search
Institutional Investors Flock to Bitcoin Pushing Inflows Past $1 Billion in 2023
14.11.2023
Source: Adobe / Alex Total inflows into traditional investment funds backed by crypto have finally passed the $1 billion mark for the year, after last week saw investors flocking to Bitcoin. For the week as a whole, crypto investment funds recorded inflows of $293 million, bringing the year-to-date...
9.4% of French Population Holds Crypto as the Asset Class Ranks Second in Investment Options
14.11.2023
Source: AdobeStock / MarinadeArt France’s financial regulator, Autorité des Marchés Financiers, has published a study by the Organisation for Economic Co-operation and Development (OECD) on investment choices and growth levels in the country. In the survey released on Nov 13, digital assets...
Reddit Moons Price Soars 160% as Community Takes Steps Towards Decentralization
14.11.2023
Source: AdobeStock / Aozora MOON, a coin of social media giant Reddit‘s r/cryptocurrency community, jumped nearly 160% in a single day, following an update by the admins who will be burning the coin’s contract and 34% of the supply, moving the coin to full decentralization. On Tuesday...
Polygon Network Records Robust User Activity Amid Broader Crypto Market Weakness in Q3 2023: Report
14.11.2023
Source: AdobeStock / Mahoa Creative In a recent report by the blockchain data analytics platform Nansen, the Polygon network showcased remarkable resilience and robust user activity during the third quarter of 2023, defying the broader weakness observed in the crypto markets. The report emphasizes...
Finance Ministers from APEC Nations to Share Crypto Insights in San Francisco
14.11.2023
Image Source: Pixabay The Asia-Pacific Economic Cooperation (APEC) summit has drawn global attention to discussions on regional economic cooperation, including crypto regulations. The event, which commenced on November 11 in San Francisco, saw the finance ministers’ meeting on November...
Swan Bitcoin to Block Accounts Interacting with Coin Mixing Services
14.11.2023
Source: iStock Swan Bitcoin, a California-based Bitcoin services platform, announced recently that it would terminate accounts of users directly interacting with mixing services. In a statement released over the weekend, Bitcoin-only accumulation platform Swan issued a warning to users engaging...
FTX Foundation Member Denies Involvement In SBF Fraud, Insists on Unpaid Bonus
14.11.2023
Source: AdobeStock / Rafael Henrique Ross Rheingans-Yoo, an employee of FTX Foundation has filed a response to FTX’s claim regarding his unpaid salaries and bonuses totaling $275,000. In a Nov 13 court filing, the foundation staff argued that he was entitled to $650,000 but was only paid $375,000...
Slowmist Warns About Fake Journalists Orchestrating Crypto Thefts
14.11.2023
Source: AdobeStock / Sergey Nivens Security firm SlowMist has issued a warning about a wave of crypto thefts orchestrated by fake journalists. In a recent Medium post, the company said the first instance of this malicious campaign was reported on October 14 when a Twitter user named Masiwei...
South Korea’s Democratic Party Mandates Crypto Holdings Disclosure for Candidates in Upcoming Elections
14.11.2023
Source: Pixabay / habunman The Democratic Party of South Korea has instituted a new policy requiring preliminary candidates for the upcoming general elections to disclose their holdings in virtual assets, including cryptocurrencies, according to The Korea Economic Daily (Hankyung). This decision...
Crypto.com’s Dubai’s Subsidiary Secures License from VARA
14.11.2023
Source: Pixabay/Jan Vasek Singapore-based Crypto.com’s subsidiary has secured a Virtual Assets Service Provider (VASP) License from Dubai’s regulator for specified crypto service activities. CRO DAX Middle East, the exchange’s Dubai arm, received the license from Dubai’s Virtual Assets Regulatory...
Court Issues Protective Order Governing Disclosure of Material in SEC-Binance Lawsuit
14.11.2023
Source: Pixabay US Court has approved a protective order that will govern the production, use, and disclosure of all information and materials produced by any party in the ongoing SEC’s lawsuit against Binance entities and CEO Changpeng Zhao. Earlier, the US SEC and Binance had jointly moved...
Hong Kong-Listed Boyaa Interactive Seeks Shareholder Approval for $100 Million Crypto Investment
14.11.2023
Source: Pixabay Hong Kong-based E-gaming giant Boyaa Interactive International Limited is seeking shareholder’s approval for purchasing $100 million worth of crypto in the next 12 months. According to an announcement from the Hong Kong Stock Exchange, the board of directors of Boyaa Interactive,...
South Korean High Court Sentences Crypto Scammer to 9 Years in Jail
14.11.2023
Source: kwanchaift/Adobe A branch of the South Korean High Court has jailed a convicted crypto scammer who operated a bogus token trading platform for nine and a half years. Per Seoul Kyungjae, the case was heard at the Busan High Court (Ulsan Tribunal) on November 12. The scammer, unnamed...
XRP Price Briefly Rallies After Fake BlackRock ETF Filing
14.11.2023
Source: Adobe XRP price witnessed a brief surge in its price following a fake business registration for a BlackRock XRP trust. The deceptive filing, still accessible on Delaware’s Division of Corporations website, mimics legitimate registrations made by the renowned asset management giant....
Russian Banks ‘Fighting Back’ Against Digital Ruble – Report
14.11.2023
Source: pisotckii/Adobe Russian banks are reportedly “fighting back” against the digital ruble amid claims a CBDC launch would cost them $684 million a year. Per a report from Comnews, even the Central Bank’s commercial bank partners are “looking for ways” to “avoid” dealing with the coin...
Former Polygon Labs President Joins Rival Solution Optimism as Growth Chief
14.11.2023
Ryan Wyatt Source: LinkedIn Renowned Ethereum Layer 2 scaling protocol Optimism has snagged Ryan Wyatt, the former president of Polygon Labs, as its Chief Growth Officer. Let's keep it short & sweet My next chapter begins today as Chief Growth Officercontributing to the Optimism Collective!...
Lloyds Bank: UK Sees 23% Increase in Cryptocurrency Scam Reports
14.11.2023
Source: AdobeStock / JeromeMaurice Lloyds Bank, a big four bank in the United Kingdom, reports that crypto scams have risen 23% compared to the same period last year. The firm warned that fraudsters are targeting young people over social media, with victims losing an average of £10,741 ($13,183.72)...
Foresight Ventures Acquires The Block in $70 Million Deal
13.11.2023
Source: Pixabay Crypto news site The Block has been sold to venture capital group Foresight Ventures in a $70 million deal. Foresight Ventures will acquire a 80% share of the company, Axios reported. The Block CEO Larry Cermak said in an X post on Monday that the acquisition would provide...
Tether Issued 4B USDT on Tron and Ethereum Networks: Report
13.11.2023
Source: Adobe/Alvaro Major stablecoin issuer Tether has significantly increased its issuance of new USDT assets, reaching a total of $4 billion in the past month. Whale Alert, sharing this information on its Telegram channel, disclosed that Tether had minted an additional $1 billion worth of USDT...
Chinese Hackers Turn to Skype Video App In Latest Scam Targeting Crypto Users: SlowMist
13.11.2023
Source: Adobe Crypto security analytics firm SlowMist has uncovered a new phishing scam in China that uses a fake Skype video app to target crypto users. New SlowMist Investigation Report: Fake Skype App Phishing Analysis Our latest report exposes how a fake Skype app led to the theft of stolen...