FTC Reports 1,000% Increase in Bitcoin ATM Scams Since 2020
The Federal Trade Commission (FTC) has revealed a dramatic tenfold increase in scams involving Bitcoin ATMs since 2020, highlighting the vulnerabilities associated with the anonymity and rapid transaction capabilities of…
August Reports a 215% Increase in Crypto Phishing, Including a $55 Million Loss from a Single Attack
The frequency and severity of cryptocurrency phishing attacks have dramatically increased, with August witnessing a surge of over 215%, highlighted by a significant incident that resulted in a $55 million…
Binance CEO Decries ‘Inhumane’ Treatment of Gambaryan Following Disturbing Video Release
A newly released video has brought to light the severe conditions faced by Tigran Gambaryan, a Binance executive detained in Nigeria, sparking widespread outcry and intensified demands for his release.…
Kamala Harris Proposes $50,000 Tax Incentive to Boost Startups
Vice President Kamala Harris is set to propose a substantial tax incentive for new small businesses, enhancing her economic policy platform as she prepares for an upcoming debate with former…
Ripple’s Chief Legal Officer Criticizes SEC’s Use of ‘Crypto Asset Security’
Ripple Labs’ Chief Legal Officer, Stuart Alderoty, has openly criticized the United States Securities and Exchange Commission (SEC) for its continued use of the term “crypto asset security,” which he…
Detained Binance Executive Seeks New Bail Amid Health Concerns
The trial of Tigran Gambaryan, a Binance executive currently detained in Nigeria, resumed on September 2, 2024. As the proceedings continue, Gambaryan’s legal team has filed a renewed motion for…
Qatar Unveils Regulatory Framework for Digital Assets
The Qatar Financial Centre (QFC), located in Doha, has launched a comprehensive regulatory regime dedicated to fostering the development and management of digital assets. This initiative is set to provide…
New Web3 Wallet Introduces Decentralized Crypto Inheritance Feature
UBD Network has unveiled a groundbreaking development in the Web3 space with the launch of its new product, the DeTrust Wallet. This multifunctional blockchain protocol facilitates decentralized cryptocurrency inheritance, addressing…
Metaplanet Partners with SBI for Bitcoin Trading and Custody Initiatives
Metaplanet, a prominent Bitcoin investor in Japan, often compared to “Japanese MicroStrategy,” has announced a strategic partnership with SBI VC Trade, a crypto investment arm of SBI Group, which is…
OKX Secures Comprehensive Crypto License in Singapore
Crypto exchange OKX has officially received a full operational license in Singapore, marking a significant expansion of its capabilities to facilitate cryptocurrency trading and cross-border financial services. This development coincides…
Crypto Executives Organize $100K Fundraiser for Vice President Harris
Crypto industry leaders and advocacy groups are reportedly organizing a fundraiser to gather $100,000 for Vice President Kamala Harris, aiming to influence her cryptocurrency policy stance if she is elected…
Biden and Harris Campaign in Key Union State as Trump Opts Out of Labor Day Events
On Labor Day, President Joe Biden and Vice President Kamala Harris united in Pittsburgh, a significant union stronghold, to emphasize their administration’s commitment to labor rights, contrasting their active campaign…
Record Gold Purchases by Central Banks Amid Financial Shifts, Bitcoin Also Rises
In 2024, central banks globally have accelerated their acquisition of gold, reaching unprecedented levels, signaling a significant shift towards store of value assets amid broader financial market dynamics. According to…
Research Indicates Underreported Crypto Liquidations May Distort Market Perception
The veracity of liquidation data from major cryptocurrency exchanges is being called into question, which may have led market participants to operate under a significantly distorted view of market conditions,…
SEC May Contest FTX’s Stablecoin Repayment Strategy
The United States Securities and Exchange Commission (SEC) has expressed concerns about FTX’s proposed plan to repay creditors using stablecoins, according to an August 30 court filing in the United…
August Sees Over $313 Million in Cryptocurrency Stolen Due to Hacks
Cryptocurrency security concerns intensified in August as hackers pilfered $313.86 million in digital assets across more than 10 separate incidents. This disturbing trend underscores the challenges facing the asset class’s…
Record Highs for Bitcoin Whales: Wallets Holding Over 100 BTC Surge
Bitcoin’s whale wallets—those holding at least 100 BTC—have reached a 17-month high, indicating a bullish trend among larger investors despite recent price dips. According to the latest data from the…
Bitcoin Mining Revenues Plunge to 11-Month Low Amid Increased Challenges
Bitcoin mining activity has seen a significant downturn in profitability, recording the lowest monthly revenue since September 2023. Last month, miners generated $827.56 million, a sharp 10.5% decrease from July’s…
Canadian Court Mandates Repayment of $1.2 Million Bitcoin Loan
In a landmark case that underscores the evolving legal landscape surrounding cryptocurrencies, the Supreme Court of British Columbia has ruled in favor of Hung Nguyen, ordering Daniel Tambosso to repay…
Bitcoin’s On-Chain Indicator Approaches Key ‘Buy’ Signal Amid Market Fluctuations
Bitcoin is approaching a pivotal point according to a widely recognized on-chain indicator, which is causing excitement among crypto traders about potential buying opportunities. This development comes as the cryptocurrency…