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Malaysian Police Hunt 4 Suspects in Kidnapping Case Involving $1.2M Crypto Ransom
13.8.2024
Selangor police in Malaysia are pursuing four local suspects connected to the July 11 kidnapping of a Chinese national and a Malaysian woman near the Lebuharaya Maju Toll Plaza in Cyberjaya. Selangor Police Chief Datuk Hussein Omar Khan disclosed that three men and a woman remain at large, while...
Thai SEC Launches Digital Asset Regulatory Sandbox
13.8.2024
The Thai Securities and Exchange Commission (SEC) has launched a Digital Asset Regulatory Sandbox, allowing crypto services to be tested in a controlled environment. This initiative aims to promote innovation in Thailand’s capital market by accommodating six specific digital asset-related...
New Jersey Regulators Urge Crypto Investors to Withdraw Funds From Abra
13.8.2024
New Jersey’s Attorney General, the Division of Consumer Affairs, and the Bureau of Securities have urged investors to immediately withdraw funds from crypto platform Abra. This follows a multi-state investigation into the platform’s alleged violations of state securities laws. Affected...
SEC Charges Novatech in $650 Million Crypto Fraud Scheme
13.8.2024
The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to...
WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns
13.8.2024
The recent announcement of the custody change of WBTC, a wrapped version of bitcoin, has prompted a negative reaction in decentralized finance (defi) protocols that reject Justin Sun’s disclosed relation with the project. Bitgo is moving WBTC custody to a joint venture with Bit Global...
Mixed Fortunes for US ETH ETFs: Blackrock, Fidelity and Bitwise Thrive Amid Market Shifts
12.8.2024
Twenty days have passed since the debut of U.S. spot ethereum exchange-traded funds (ETFs), encompassing 14 trading sessions to date. During this period, the overall net inflows have dipped to a loss of $405.94 million. Nevertheless, Blackrock’s ETHA and Fidelity’s FETH have witnessed...
Hamster Kombat Rejected Numerous Venture Capital Investments; Players Will Not Become ‘Exit Liquidity’
12.8.2024
Hamster Kombat, the popular tap-to-earn sensation, revealed having rejected several investment proposals from some of the biggest venture capital firms in the crypto industry. The team behind the game declared that it would not allow players to become exit liquidity for their backers, as...
Digital Asset Fund Inflows Spike as Market Corrects, Ethereum Leads With $155M
12.8.2024
Digital asset investment products saw a significant rebound in inflows, totaling $176 million, as investors took advantage of recent price corrections. According to Coinshares and its lead research analyst James Butterfill, ethereum was the standout performer, benefiting the most from these market...
Ethereum Technical Analysis: ETH Faces Persistent Downtrend Despite Strong Market Activity
12.8.2024
On August 12, 2024, ethereum (ETH) was priced at $2,683, fluctuating within a 24-hour range of $2,523 to $2,720. With a market capitalization of $321 billion and a trading volume of $17.58 billion, ether continues to exhibit significant market activity. However, technical indicators suggest ongoing...
BlackRock’s Crypto Playbook: A Look at Investment Strategies
12.8.2024
BlackRock, the global investment giant managing a staggering $10 trillion in assets, has entered the cryptocurrency space with…
Bitcoin Technical Analysis: BTC Struggles Amidst Bearish Pressure, Eyes Key Support Levels
12.8.2024
Bitcoin’s price on August 12, 2024, stands at $59,777, with intraday 24-hour prices ranging between $57,814 and $61,054. The cryptocurrency’s market capitalization is $1.16 trillion, supported by a 24-hour trade volume of $29.81 billion. As bitcoin navigates this challenging...
Latam Insights: El Salvador Advances Talks With IMF Despite Bitcoin Allegiance; Brazil Passes First Solana Spot ETF
12.8.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the last week. In this issue: El Salvador holds talks with the IMF despite its Bitcoin allegiance; Brazil greenlights the first Solana spot ETF; and Polymarket gets criticized for...
Elon Musk & Donald Trump Unfiltered: Crypto, Elections & More
12.8.2024
Elon Musk has announced an unscripted, live conversation with former President Donald Trump on X. Set for 8…
Chainlink and RCO Finance: An Odd Correlation Hints at Massive Rally
12.8.2024
As the crypto market grapples to recover from the August 5 crash, top altcoins are still down by…
Daily Crypto Update: Week Starts with a Slump for Top Cryptos
12.8.2024
The week has once again started on a negative note for the crypto market. Over the weekend, the…
Will Terra Luna Classic (LUNC) Rise from the Ashes After a 99.99% Collapse?
12.8.2024
On August 10, Terra Luna Classic (LUNC) experienced a 23.3% price increase when volume accelerated, hitting mid-level prices.…
Bitcoin price drops below $59K as institutions stop buying stablecoins
12.8.2024
Bitcoin price saw its local bottom last time Tether minted $1.3 billion worth of stablecoins, which helped BTC recover over 21%
BitGo CEO argues WBTC security is unchanged amid concerns
12.8.2024
BitGo recently announced a new venture to diversify its Wrapped Bitcoin custodial locations, and Justin Sun’s involvement has caused concern for some
47 Companies Apply to Operate in Turkey Under New Crypto Regulations
12.8.2024
Turkey’s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include 47 operational companies and three that are planning to liquidate. Current crypto service roviders are required to apply for permits or proceed with...
Ripple Legal Chief Discusses Potential SEC Appeal After Final Ruling in XRP Case
12.8.2024
Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is committed to resetting its stance on crypto,...