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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...

Report: Here’s How Hamas Received Money from Iran Using Crypto

13.11.2023
Source: Adobe / Robert In a bid to circumvent traditional financial oversight, Hamas has increasingly turned to crypto for fund transfers, according to a new Wall Street Journal report. The move by Hamas to turn to crypto followed an air strike by Israel in mid-2019 that targeted a Hamas commander...

Hackers Loot $60 Million From Ethereum Wallets With Create2 Code 

13.11.2023
Source: Pixabay Hackers stole more than $60 million worth of crypto in six months from Ethereum wallets with Create2, according to on-chain sleuth ScamSniffer. On Sunday, X user ScamSniffer claimed that the hackers were taking advantage of Create2’s capability to pre-calculate contract...

Spanish Regulators Crack Down on Crypto Ad Violations, Hint at Probing X

13.11.2023
Source: Pixabay Spain’s securities market regulatory body said it had begun investigating its inaugural case pertaining to a potential violation of regulations governing large-scale advertising campaigns for crypto assets. The National Securities Market Commission (CNMV) announced on Wednesday last...

XRP Price Prediction as $1 Level Approaches – Can XRP 10x From Here?

13.11.2023
Source: Dall•E 3 The XRP price has dropped by 2% in the past 24 hours, with the altcoin losing ground today after a bullish couple of weeks. At $0.652310, XRP has also fallen by 6% in the past week, yet it remains up by 17% in a fortnight and by 35% in the last 30 […] The post XRP Price...

Grayscale Bitcoin Trust Discount Shrinks to 10.35% as ETF Hype Persists

13.11.2023
Source: Adobe/Ascannio The hype surrounding ETFs has helped narrow the discount on the Grayscale Bitcoin Trust (GBTC) to its lowest levels since July 2021. According to data from YCharts, the discount on GBTC compared to its net asset value currently stands at 10.35%, marking a significant...

48 Countries Join Forces to Combat Crypto Tax Evasion Starting in 2027

13.11.2023
Source: AdobeStock / Nuthawut Forty-eight countries across six continents have committed to a new tax transparency standard starting in 2027 to fight crypto-related tax evasion. Countries – including Ireland, Austria, France, Germany, Italy, Croatia, Japan, South Korea, the US, and Canada...

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