Crypto Thief Steals $42k After Threatening to Chop off Victim’s Fingers

Authorities in the United Kingdom have sentenced a 24-year-old man to five years in prison for stealing cryptocurrencies worth £34K (about $41,900) after threatening to chop off the victim’s fingers i...

Ether Enjoys a Three-day Hike. Have it Bottomed out?

Ethereum has lost key supports over the last seven days. Last week was one of the intraweek sessions many would love to forget for more reasons than one. The total REKT capital on derivatives market e...

Luna Foundation Guard Allegedly Gave Whales ($2.7 Billion) Exit Door Before Collapse

Following the cataclysmic meltdown of the Terra ecosystem last week, the Luna Foundation Guard (LFG) has been accused of bailing out UST whales with its bitcoin trove before the project came crashing ...

Australian Tax Office Says It Will Prioritize Crypto Investors This Year

The Australian Taxation Office (ATO) announced today that it will prioritize crypto capital gains alongside three other key areas of focus this year to ensure appropriate tax reporting in the country....

Bitcoin-Friendly El Salvador to Host Central Banks Meeting on Digital Economy

El Salvador is set to host delegates from different countries to discuss financial inclusion such as the digital economy, banking the unbanked, and the benefits of Bitcoin.  El Salvador to Host Delega...

Alan Howard’s Crypto Exchange Raises $70M From Goldman Sachs, Barclays, and Others

Alan Howard’s cryptocurrency exchange, Elwood, has secured $70 million in a Series A funding round at a $500 million valuation. Goldman Sachs and Barclays Invest in Elwood The investment round was led...

Crypto Needs a Global Regulatory Body, Top Official Says

Ashley Alder, chair of the board of directors of the International Organization of Securities Commissions (IOSCO), an association of firms regulating the global securities and futures market, said the...

Do Kwon Apologizes for Hurting Terra’s Users and Investors

Do Kwon, the brains behind the Terra blockchain project, has apologized to members of the Terra ecosystem and the crypto community for the recent depegging event. Last week, UST, Terra’s algorithmic s...

How to Buy Altcoins With a Credit Card in Five (5) Easy Steps

There are frequent opportunities in the cryptocurrency market that require a quick response. However, depositing funds into an exchange via bank transfer or e-wallets can take up to several hours or e...

SEC Nigeria Issues New Crypto Rules to Protect Investors and Boost Adoption

Nigeria’s Securities Exchange Commission (SEC) has released new rules on the issuance and use of digital assets, including cryptocurrencies, in the country. SEC Nigeria Issues Crypto Rules Recall that...

Coinbase Shares Hit All-Time Low Following Controversial Disclosure Filing 

Leading U.S.-based cryptocurrency exchange Coinbase had an unusually tough week after releasing a disappointing first quarter earnings report, which included a controversial disclosure filing with the...

American Millionaire Investor Mark Mobius Says Bitcoin is Going to $10k

May has not been a good month for crypto investors. Bitcoin is down 24% since the start of the month and 57% from its all-time high (ATH) of $69,000. Analysts believe the recent crash was heavily infl...

KuCoin Hits $10B Valuation After Rasing $150 Million From Industry Investors

Popular cryptocurrency exchange KuCoin has reached a $10 billion valuation after the company raised $150 million in a just-concluded Series B round. KuCoin Raises $150 Million The funding round saw pa...

Satoshi-Era Bitcoin Wallet Holding Over $30 Million Reactivates After 8.5 Years

A dormant Satoshi-era BTC wallet with a balance of $30,395,186 has just been reactivated after 8.5 years of dormancy, blockchain transaction tracking platform Whale Alert revealed on Twitter. Satoshi-...

Germany’s Finance Minister Says No Income Tax on Bitcoin and Ether Held for a Year

Germany’s Federal Ministry of Finance (BMF), alongside the country’s highest tax authorities, recently published a letter on how income from cryptocurrencies and other digital assets would be taxed in...

Do Kwon’s Spouse Gets Strange Visitor, Requests Police Protection

The quick decline of Terraform Labs-backed project Terra (LUNA) has been the talk of the week with millions of investors around the world impacted. Local reports allege that affected investors are now...

Binance CZ Slams TerraForm Labs Poor “Handling” of UST/LUNA Crash

Changpeng Zhao (CZ), CEO of leading crypto exchange Binance has expressed disappointment at how the Terra (LUNA) project team has so far handled the price crash of its stablecoin, UST and its native t...

Chainalysis Now Valued At $8.6B Following Fresh Funding

Blockchain analytics company, Chainalysis, announced Thursday it has raised $170 million in a Series F funding round at an $8.6 billion valuation. This means that the firm has more than doubled its va...

Terra Blockchain Temporarily Halted to Protect The Protocol From Attacks

Following the recent headwinds surrounding the Terra ecosystem and its native cryptocurrencies, the blockchain was temporarily halted to protect the ecosystem against malicious attacks.  Terra Blockch...

PancakeSwap DEX Introduces Fixed Supply (750M $CAKE)

PancakeSwap, the decentralized exchange based on BNB Chain, has proposed to impose a supply cap of  750 million for its native token, CAKE. CAKE 750M Max Supply and Revised Tokenomics The decentralize...

FTX’s Sam Bankman-Fried Acquires a 7.6% Stake in Robinhood

Sam Bankman-Fried (SBF), the CEO of FTX, has recently become one of the largest shareholders in the popular American trading platform, Robinhood, after taking a 7.6% stake in the company.  According t...

Coinbase CEO Explains New Disclosure Filing, Says Company Has No Risk of Bankruptcy

Leading U.S. cryptocurrency exchange Coinbase recently released its earnings report for the first quarter of 2022, netting a total loss of about $430 million within the period.  Coinbase New Disclosur...

Five U.S. States Order Virtual Casino to Stop Selling NFTs

Regulators in five U.S. states – Texas, Wisconsin, Kentucky, New Jersey, and Alabama – have issued a cease-and-desist order against Flamingo Casino Club, a virtual platform where users can purchase no...

Crypto Startup WhaleFin Inks $20M Sponsorship Deal With Chelsea FC

WhaleFin, a digital asset platform owned by Amber Group, has become the official sleeve partner of England’s top flight team, Chelsea Football Club, via an annual sponsorship deal worth $20 million. T...

Hong Kong Police Arrest 25-Year-Old Man For $191,000 Cryptocurrency Fraud

Hong Kong police have arrested a 24-year-old man for allegedly piloting a cryptocurrency scam sometime last week, the South China Morning Post reported Wednesday.  24-Year-Old Man Steals 191k in Crypt...

UK Asset Manager Fasanara to Raise $350M Fund For Crypto Startups

Fasanara Capital, a UK-based asset management firm with over $3.5 billion in AUM, is raising a new $350 million venture fund to back fintech and crypto startups, Bloomberg reported on Wednesday. Fasan...

Do Kwon Pledges to Rebuild UST (This Time With Collateral Backing)

Following a failed attempt to defend the peg for the TerraUSD (UST) stablecoin, TerraForm Labs CEO Do Kwon has finally admitted that it is now embarking on a plan to “rebuild UST.” Recall that a sleut...

U.S. Treasury Secretary Janet Yellen Calls for Stablecoin Regulation Amid UST Drama

Janet Yellen, the secretary of the United States Treasury, said on Tuesday that there is a need for stablecoin legislation, while noting that TerraUST (UST) is risky. Secretary Yellen Speaks On Stable...

Blockchain Startup Flow Launches $725M Ecosystem Funds

Flow, the Web3 blockchain company powering NBA Top Shot NFT maker Dapper Labs, revealed Tuesday that it has raised $725 million in funding for its ecosystem expansion.  The funding saw participation f...

Down Bad! Institutional Bitcoin Holdings Drop by $12B Amid Bloodbath

Following a recent announcement of rate hikes by the US Fed and the ongoing bloodbath in the crypto market, the total amount of bitcoin held by large corporations has dropped by $12 billion. Instituti...

Primex Launches Alpha Version of Decentralized Prime Brokerage Protocol on Testnet

Primex Finance, a DeFi platform connecting passive allocators with traders, is launching its first Alpha version on the upcoming testnet. The Alpha offers the vast majority of the features intended fo...

El Salvador Acquires 500 Bitcoins ($15.5M) Amid Market Sell-Off

The Central American nation of El Salvador has bought the dip yet again, adding another 500 bitcoins ($15.5M) to its portfolio amid the recent massive market sell-off. Buying the Dip El Salvador’s pre...