According to a recent study from the blockchain security and analytics firm Elliptic, cybercriminals stole more than $100 million worth of non-fungible tokens (NFTs) between July 2021 and July 2022. ...
Tag: crypto exchange
U.S. DOJ Arrests Three Miami Men Over $4 Million Crypto Scam
The United States Department of Justice (DOJ) has arrested three Miami men who were allegedly involved in a scheme to steal millions of dollars in cryptocurrencies from an undisclosed crypto exchange ...
What Are Play-to-Earn Games (P2E)?
The gaming industry is experiencing rapid growth, drawing more and more revenues every year. Between software, hardware, and intellectual property, the industry quickly gained an edge on TV, film, and...
MakerDAO Collaborates With U.S.-Based Bank, Lends Out 100M DAI
MakerDAO, a smart contract protocol built on the Ethereum network, announced on Tuesday that it is lending out 100 million DAI to the United States-based commercial bank, Huntingdon Valley Bank. The ...
What Bear Market? Pudgy Penguins NFT Sells for 400 ETH
Someone recently sold Pudgy Penguin #6873 NFT for more than half a million dollars. The NFT is one of 8,888 digital artworks in the Pudgy Penguin NFT collection created by freelance artist Cole There...
Nike Hits $185M in NFT Revenue, Tops Dolce & Gabbana
Popular sports brand Nike Inc. has generated $185.3 million in revenue from non-fungible token (NFT) collections. The milestone brings the company to a leading position among other traditional brands ...
Bitcoin Community Raises 52.6 BTC to Protect “Hodlonaut” from Faketoshi Claims
The Bitcoin community has contributed approximately 52.6 BTC worth around $1.1 million and $30,000 cash to support an anonymous Twitter user with the pseudonym hodlonaut in his ongoing case against se...
South Korea to Apply Gift Tax to Crypto Airdrops
South Korea has imposed a tax on cryptocurrency airdrops received by citizens. According to local reports, anyone who benefits from a crypto airdrop in South Korea is required to pay a specific amount...
U.S. FDIC Issues Cease and Desist Order to FTX US Over False Insurance Claims
The United States Federal Deposit Insurance Corporation (FDIC) has issued cease and desist letter to FTX US over “false claims and misleading statements” concerning its insurance coverage. The regulat...
Google’s Alphabet Invested $1.5 Billion in Crypto
According to recent research by blockchain analytics firm Blockdata, Alphabet, the parent company of Google, invested a whooping sum of $1.5 billion into crypto and blockchain startups, topping the ch...
SBI Holdings to Shut Down Crypto Mining Operations in Russia
Japanese financial services giant SBI Holdings is planning to shut its crypto-mining operations in Siberia, Russia, Bloomberg reported on Friday. SBI chief financial officer (CFO) Hideyuki Katsuchi sa...
BTC Retraced to $21k as Correction Bites Harder
Bitcoin failed to record any increase over the last five days. A closer look at the charts revealed that although there were several push to the top, all failed to yield results. For example, on Monda...
South Korea to Investigate KuCoin Alongside 15 Crypto Exchanges for Unreported Operations
The South Korean Financial Services Commission (FSC) has put some cryptocurrency exchanges up for investigation under the claim that the concerned exchange companies are operating unlawfully in the co...
Noft Games Unlock Multi-Cryptocurrency Minting Solution
Noft Games, a battling play-to-earn game powered by Binance Smart Chain, now offers users the ability to mint NFT in-game cards with BUSD, USDC, USDT, and DOGE coins, adding those to a prior existing ...
Aussie Gas Station On the Run Now Accepts Crypto Payments
The Australian convenience store and petrol station brand, On the Run (OTR), has partnered with leading crypto exchange CryptoCom and payment terminal provider DataMesh Group Pty Ltd to launch Austral...
We Could Shut Down ETH Staking Under Regulatory Threat
Brian Armstrong, CEO of the American crypto exchange Coinbase, responded on Thursday to a hypothesis raised on Twitter, where he said his company would shut down its Ethereum validator node if regulat...
Crypto Lender Nexo Sues Former Director Over Account Holding $20M in Bitcoins
Crypto lender Nexo has filed a legal lawsuit against its former executive Georgi Shulev for refusing to honor his side of an agreement he signed with the firm before his departure in 2019, Law360 repo...
U.S. Judge Rejects $27.5M Settlement Deal Against Crypto Firm Block.one
Lewis A. Kaplan, a United States Judge in the Southern District of New York, has rejected a $27.5 million settlement in an ongoing class-action lawsuit against blockchain development company Block.one...
Crypto Broker Genesis Slashes 20% of Workforce as CEO Steps Down
Crypto brokerage company Genesis has slashed 20% of its workforce as its CEO Michael Moro steps down from his role at the firm, Bloomberg reported Wednesday. The broker believes the decision will help...
Polish Zetly Creates a Revolutionary All in One Platform for Sports
Zetly is a Polish-Estonian technological startup whose main goal is to build the largest digital All in One platform for fans, sportsmen, clubs, and federations. The project initiators set the main go...
U.S. SEC Charges Dragonchain Founder for Raising $16.5M Via Unregistered ICO
The United States Securities and Exchange Commission (SEC) has charged Dragonchain Inc, Dragonchain Foundation, The Dragon Company, and their founder, John Joseph Roets for allegedly raising $16.5 mil...
XTZ Show More Signs of Recovery Peaks at $2
Tezos is one of the top gainers over the last 24 hours. The asset saw notable price increases during the previous intraday session. It closed at $1.88 with a more than 3% increase during the period un...
BlockchainCom Partners Florida International University to Drive Web3 Education
Cryptocurrency exchange and wallet provider BlockchainCom has partnered with Florida International University (FIU) to increase cryptocurrency and Web3 education. According to the company, the partner...
ETH at Risks of More Downtrend.
“Ethereum is more reliable and will overtake Bitcoin.” These are the words of maximalist who believes that the apex coin will one day become the second largest cryptocurrency. More top traders are bul...
Celsius’ Alex Mashinsky Hijacked Firm’s Trading Role Before Collapse
Alex Mashinsky, the founder and CEO of crypto lending platform Celsius Network, took charge of his company’s trading strategies, overriding the inputs of “executives with decades of finance experience...
Brave Buys Back 5.8M BAT ($2.5M) as Revenue Increases
Privacy-geared browser Brave has repurchased 300,000 Basic Attention Token (BAT) worth $132,000 from the secondary market, bringing its cumulative buyback to 5.8 million BAT (over $2.5 million) from J...
20-Year Old Arrested for Misleading Friends in $240k Crypto Investment
A 20-year-old male in Singapore has been arrested and charged for allegedly misusing the $240,000 he collected from his schoolmates instead of investing it to invest in crypto. Young Lads Tricks Schoo...
RoboApe Is a Community Oriented Meme Coin That Caters for the Meme Industry Alongside Decentraland
More and more crypto platforms have been created since the introduction of cryptocurrency. However, various subsets have also emerged, with meme coins being one of them. In addition, blockchain techn...
Survey Shows Only 10% of Traders Take Full Advantage of Multiple DAOs
If you’re invested in cryptocurrency, you are probably familiar with the concepts and goals behind decentralized finance. Decentralized autonomous organizations (DAOs) are a great tool within the DeFi...
Coinbase shares shrug off S&P downgrade
Coinbase shares were 5% higher on Friday as investors appeared to largely shrug off yesterday’s S&P downgrade. The rating agency’s move cited the company’s disappointing earning...