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South Korean Police Shut Down ‘Gangsters’ $32m Crypto Scam Ring’
29.12.2023
Source: Robert/Adobe South Korean police say they have swooped on a $32 million chat app-based crypto scam ring that they say was being run by a network of “gangsters.” Per Chosun Ilbo, Busan Metropolitan Police, the group comprised nine groups of “violent gangsters” who operated bogus “crypto...
US Bankruptcy Court Approves $225M ‘MiningCo Transaction’ for Celsius, Prevents Securities Ruling in Chapter 11 Proceedings
28.12.2023
Source: Adobe/Canva Bankrupt cryptocurrency lending company Celsius Network has achieved a significant milestone in its Chapter 11 bankruptcy proceedings. The United States Bankruptcy Court for the Southern District of New York has granted approval for Celsius Network’s proposed...
Hashdex Launches New Ad Campaign Amid SEC Deliberation on Bitcoin ETF Approvals
28.12.2023
Source: Adobe Stock Hashdex, an asset management firm, has released a new advertisement as the U.S. Securities and Exchange Commission (SEC) is in the process of reviewing applications for the listing of spot Bitcoin exchange-traded funds (ETFs) in the country. On December 28, Hashdex posted...
Bitcoin ETF Countdown: SEC’s Decisive December Deadline – Here’s the Latest
28.12.2023
Source: Adobe / Jhonsmetal The crypto community is on edge as the US Securities and Exchange Commission (SEC) approaches a crucial deadline for potential approval of a spot Bitcoin Exchange-Traded Fund (ETF). The decision, scheduled for January 10, 2024, could mark a substantial entry for Bitcoin...
2024: The Year AI and Crypto Converge – Major Boom Incoming?
28.12.2023
Source: Adobe / Yan As we approach 2024, analysts foresee a convergence of artificial intelligence (AI) and web3 technologies leading to a flourishing subsector within the crypto space. The maturation of both AI and crypto has paved the way for innovative developments that could redefine...
PancakeSwap Developers Launch Proposal to Reduce CAKE Token Supply by 300 Million Tokens
28.12.2023
Adobe Stock / JorgeEduardo Decentralized exchange (DEX) PancakeSwap has introduced a proposal to significantly decrease the maximum supply of its native ecosystem token, CAKE. The developers seek to reduce the token supply from 750 million to 450 million, aiming to better align it with the current...
Japanese Crypto Newbies ‘Flock to Mercari, Rakuten Wallet’ – Survey
28.12.2023
Source: mehaniq41/Adobe First-time Japanese crypto investors are most likely to choose exchanges operated by Mercari and Rakuten, a new study has found. The survey was conducted by Mobile Marketing Data Labo, who asked 30,000 Japanese men and women aged between 20 and 69 about their crypto exchange...
Cathie Wood’s Ark Invest Sells off Entire GBTC Holdings, Allocates $100 Million to Bitcoin Futures ETF BITO
28.12.2023
Source: Adobe Stock Cathie Wood’s Ark Invest has reportedly offloaded its entire Grayscale Bitcoin Trust (GBTC) holdings, following a recent trend of divestment. Earlier this month, the asset management firm liquidated nearly $45 million in GBTC shares and over $150 million in Coinbase...
Digital Asset Products Record $103 Million Inflows as Assets Under Management Maintains $52 Billion Position
28.12.2023
Source: Adobe / Luisa Cryptocurrency funds recorded $103 million inflows in the penultimate week of the year as institutional investors keep momentum toward a spot Bitcoin (BTC) ETF approval by the Securities and Exchange Commission (SEC). Recent data provided by CoinShares shows massive inflows...
South Korean Biz Exec Bailed as ‘Bithumb Market Manipulation’ Probe Continues
28.12.2023
Source: Global Image Archive/Adobe A South Korean court has released a media mogul and business executive on bail as a probe into market manipulation and insider trading at the crypto exchange Bithumb continues. The executive, Won Young-sik, is the former CEO of Chorokbaem Group, the parent firm...
Lawmaker Raises Red Flags Over Hong Kong’s Stablecoin Regulation Proposal
27.12.2023
A Hong Kong lawmaker expressed worries that new stablecoin regulations could disrupt crypto markets. Image by mehaniq41, Adobe Stock. Today, Hong Kong’s financial authorities—the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA)—unveiled their plan...
Bitcoin Mining Pool Ocean Successfully Mines Third Block in Ongoing Decentralization Quest
27.12.2023
Ocean succeeded in mining their third Bitcoin block, showing the decentralized mining pool’s capabilities. Image by Kerem Goktug Kaya, Adobe Stock. The decentralized Bitcoin mining pool Ocean reached a new milestone this week by successfully mining its third block ever. According to data from...
$2.2 Billion Illegal Forex Operation Busted by Chinese Authorities Using Crypto Platforms
27.12.2023
Source: Adobe / Alen Chinese authorities have reportedly dismantled an illegal underground banking operation that moved some $2.2 billion between China and other countries using overseas “virtual currency trading platforms.” On December 24, an account on social media app WeChat run...
Blockchain Security Firms Warn of Advanced AI Crypto Scams in 2024
27.12.2023
Source: Adobe / ink drop Blockchain security firms are cautioning crypto projects and investors about the looming threats of more sophisticated AI-powered scams in 2024. Despite the improvement seen in scam and hack-related losses, dropping from $4 billion in 2022 to $1.7 billion in 2023, experts...
Solana Price Prediction as SOL Drops 10% – Time to Buy the Dip?
27.12.2023
Solana. Source: Adobe The price of SOL, the native cryptocurrency of the smart-contract-enabled layer-1 Solana blockchain protocol, continues to cool following a meteoric rise in the past few weeks. SOL was last changing hands around $112 per token, down roughly 10% from highs printed earlier...
South Korea to Mandate High-Ranking Public Officials to Disclose Cryptocurrency Holdings by Next Year
27.12.2023
Source: CJ Nattanai/Adobe South Korea has announced that high-ranking public officials will be required to disclose their cryptocurrency holdings starting next year. In a Wednesday press release, the country’s personnel ministry said this proactive approach is intended to address potential...
Top Crypto Gainers Today on Uniswap – 1CAT, METIS, UNI
26.12.2023
The 1CAT, METIS, and UNI prices are surging today, making them the top crypto gainers on Uniswap. Image by: vladim_ka, Adobe Stock. The 1CAT price is surging currently, positioning the token as one of the top crypto gainers today on Uniswap. 1CAT in particular is seeing an uptick in trading...
New EU Crypto Regulation Allow Governments to Freeze and Seize ‘Unexplained Wealth’ Believed Tied to Crime
26.12.2023
EU has passed expanded powers allowing governments to freeze and confiscate crypto tied to a crime. Image by Vitalii Vodolazskyi, Adobe Stock. European Union officials reached an agreement on December 12 on new crypto regulations that will grant member states expanded powers to freeze...
Former FTX CEO Sam Bankman-Fried and Debtors Reach Settlement in Embed Proceeding
26.12.2023
Image by Александр Поташев, Adobe Stock The bankrupt crypto exchange FTX and its debtors have reached a settlement agreement with founder Samuel Bankman-Fried and others to address certain claims related to the acquisition of the stock trading platform Embed. In a December 22 filing with the United...
Telcoin Loses $1.3 Million in Security Breach, TEL Price Plummets Over 50%
26.12.2023
Source: Adobe / zedtox The Telcoin app recently faced a series of targeted attacks draining several wallets, causing a sharp 65% decline in the price of Telcoin ($TEL) for a brief period. The exploited vulnerability is estimated to have resulted in a loss of around $1.3 million. The identified...