Canadian Cryptocurrency Exchange Misused $9.5 Million in Bitcoin and Ether
The Canadian cryptocurrency trading platform, ezBtc, and its founder, David Smillie, are at the center of a significant scandal involving the misappropriation of approximately 13 million Canadian dollars ($9.5 million)…
SEC Files Fraud Charges Against Novatech, Founders, and Promoters
The U.S. Securities and Exchange Commission (SEC) has initiated formal charges against the cryptocurrency investment platform Novatech, its founders Cynthia and Eddy Petion, and several of its promoters, for orchestrating…
U.S. Democrats Show Growing Interest in Cryptocurrency, According to Poll
A recent poll sponsored by venture capital firm Paradigm reveals that Democratic presidential nominee Kamala Harris has an opportunity to connect with crypto owners in her campaign, indicating a shift…
Tigran Gambaryan’s Health Declines, Requires Urgent Surgical Intervention
Tigran Gambaryan, a detained Binance executive, faces a critical health situation that demands immediate surgical attention, according to his wife, Yuki. Detained under charges by Nigerian authorities, Gambaryan’s health issues…
Bitcoin Miners Experience Lowest Daily Revenue of the Year
Bitcoin miners have encountered a significant decline in revenue, marking a new low for the year on August 11. This downturn reflects ongoing challenges within the cryptocurrency mining sector, exacerbated…
The Necessity of a Steam-like Platform for Web3 Gaming Growth
As the Web3 gaming landscape continues to evolve, the need for a platform similar to Steam, which has revolutionized digital game distribution in the Web2 era, becomes increasingly apparent. OKX,…
Crypto Startup Funding Increases to $2.7B in Q2 Despite Fewer Deals
Despite a decrease in the total number of deals, venture capital funding for cryptocurrency startups saw a slight increase in the second quarter of the year, suggesting a renewed confidence…
Ethereum’s Median Gas Price Reaches Five-Year Low
The cost of transacting on the Ethereum blockchain has significantly decreased, reaching a five-year low, as advancements in layer-2 networks enhance efficiency and reduce network congestion. As of August 10,…
Super PAC Invests $850K in Supporting John Deaton’s Campaign Against Senator Warren
A political action committee (PAC), heavily funded by cryptocurrency industry donors, including Ripple, has deployed significant financial resources to bolster Republican John Deaton’s primary campaign in Massachusetts. This move underscores…
Tether Aims to Double Workforce by 2025, Emphasizing Compliance and Automation
Tether Holdings Ltd., the issuer behind the world’s largest stablecoin, USDT, is reportedly planning a significant expansion of its workforce by mid-2025. According to an interview with CEO Paolo Ardoino…
Bitrace Alerts Users to Emerging Crypto Scam Targeting QR Codes
In a recent social media update, blockchain analysis firm Bitrace has issued a significant warning about a new crypto scam involving QR codes that could potentially empty your digital wallet.…
US Crypto Firm BitGo Secures Major Payment License in Singapore
California-based cryptocurrency custody firm BitGo is significantly expanding its global footprint by securing regulatory approval in Singapore, a key financial hub known for its crypto-friendly environment. On August 7, BitGo…
Binance Recovers $73M in Stolen Funds, Surpasses 2023 Security Milestone
Binance, the world’s largest cryptocurrency exchange by trading volume, has achieved a significant milestone in its security operations by recovering or freezing $73 million in stolen user funds in 2024.…
Immutable Announces Closure of Its NFT Marketplace to Bolster Ecosystem Growth
Immutable, a prominent gaming and non-fungible token (NFT) blockchain, has declared it will discontinue its NFT marketplace to concentrate on expanding its ecosystem through strategic partnerships. The marketplace, scheduled to…
US Policy Group Advocates for Bitcoin Tax-Free Zone to Bolster Digital Economy Growth
A visionary proposal is underway in the United States aiming to position the country as a pivotal leader in the digital economy. The initiative, driven by the newly established USABTC…
Enhanced Security for MetaMask Users with MultiversX Snap 2FA Integration
MultiversX, a blockchain platform not based on the Ethereum Virtual Machine (EVM), has introduced a significant upgrade for MetaMask users with the launch of MultiversX Snap. This new feature integrates…
Bitcoin’s Stability Threatened by Potential Decline in ‘Magnificent Seven’ Tech Stocks
The group of high-performing tech stocks known as the “Magnificent Seven,” including industry giants like Nvidia and Microsoft, have experienced a substantial loss, shedding over $650 billion in market capitalization…
Morgan Stanley Advisers Now Cleared to Recommend Bitcoin ETFs to Clients
Morgan Stanley, the preeminent wealth management firm in the United States, has officially granted its 15,000 financial advisers the authority to recommend Bitcoin exchange-traded funds (ETFs) to their clients starting…
Blockchain Technology Cuts Airline Cargo Handling Costs by 7%, Enhances Operational Efficiency
Blockchain technology is making significant strides in the aviation industry, demonstrating its potential to disrupt and streamline operations. A recent study conducted by Aventus at Heathrow Airport revealed that airlines…
India Opts Not to Regulate Crypto Transactions Amid Tightened Oversight
The Indian government has disclosed that it currently has no plans to regulate the buying and selling of cryptocurrencies, even as it intensifies efforts to oversee crypto-related activities such as…