Elaborate Elon Musk deepfake crypto fraud uncovered in Hong Kong
A fraudulent crypto exchange platform used AI-generated videos of Elon Musk and misleading information to promote crypto trading services.
Posts published on May 8, 2024 go to media archive 4/4
UK Minister Says Government Only Has Time to Implement Stablecoin, Staking Legislation
Economic Secretary Bim Afolami said that the government could put through stablecoin and staking legislation in the coming weeks but will outline was is coming later.
Hut 8’s Bitcoin Mining Output Drops 36% to 148 BTC in April
North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did in March. Hut 8 primarily attributes the decrease in the number of mined bitcoins to the relocation of its proprietary miners, which were…
Key Bitcoin Indicator Points to Period of Calm in Crypto Market
BTC's volatility risk premium (VRP) has collapsed in a sign of a market trending towards stability, where future uncertainties are less of a concern.
GoMining Secures Bitscale Capital Backing to Accelerate Its NFT-Based Bitcoin Mining Operation
PRESS RELEASE. British Virgin Islands / Wednesday / GoMining, the infrastructure company easing access to Bitcoin mining with its Liquid Bitcoin Hashrate protocol, has raised $3 million through a direct investment from Bitscale Capital, a top…
How Binance played a key role in arrest of ZKasino scam suspect
Despite the arrest of the main suspect, some of the stolen funds continued to be moved, suggesting multiple potential attackers.
Is The PEPE Dream Over? Dissecting The Factors Behind The Meme Coin’s Price Tumble
The once-booming meme coin Pepe (PEPE) has hit a rough patch, experiencing a price drop of nearly 10% in the past 24 hours. This sudden downturn comes amidst a flurry of questions surrounding massive token withdrawals from a major exchange and the…
Japanese Crypto Exchange Coincheck Sees Nasdaq Listing Completion in Second, Third Quarters
Coincheck said the timing is subject to approval by Thunder Bridger IV's stockholders, the SEC and Nasdaq.
Worldcoin CEO Met With Argentine Government Officials Amidst Ongoing Probes
Alex Blania, CEO of Tools For Humanity, the company behind Worldcoin, recently traveled to Argentina and met with high-profile officials of President Milei’s administration. The objective behind these meetings would be to clarify this…
U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset Transactions
Major stakeholders in the U.S. financial sector, including Citi, JPMorgan, Mastercard, Swift and Deloitte, are teaming up to explore sharing ledger technology by simulating multiasset transactions in dollars.
Bankruptcy law firm S&C absolved from misconduct, according to new FTX proposal
FTX’s amended plan contains an exculpation clause that could absolve Sullivan & Cromwell, along with all debtors, of future liabilities.
BTC price clings to $62K as Bitcoin bulls suffer post-halving ‘boredom’
Bitcoin may be preparing for trend continuation, but on short timeframes, BTC price behavior is inspiring no one.
The Crypto Lawsuit State of Play
Last month, Ethereum incubator ConsenSys sued the U.S. Securities and Exchange Commission (SEC) for an injunction asking a federal court to block the regulator from investigating its MetaMask offering or from declaring Ether (ETH) a security. It's…
WBTC thief spreads $71M loot across multiple crypto wallets
Stolen crypto from a $71 million wallet impersonation scam is on the move after six days of dormancy.
Breaking Free: Analyst Eyes $1.68 Breakout For XRP After Years In The Shadows
The price of XRP, the native token of Ripple, has been on a rollercoaster ride in recent years. After reaching a peak of nearly $2 in April 2021, it has been in a downward motion, leaving investors wondering if a comeback is on the horizon…
Crypto Exchange Bitpanda Expands Austrian Presence With Raiffeisen Bank Partnership
Bitpanda’s crypto offering in partnership with Raiffeisen Bank has been extended beyond Vienna to 55 bank branches across Austria
Lyra Finance Now Lets Liquid Restaking Token Holders Earn Extra Yields From Automated Trade Strategies
LRT holders can tokenize any yield-bearing strategy to generate an annualized percentage yield of 10% to 50%.
Indonesia Regulator Forms Crypto Committee to Monitor Industry's Operation, Compliance
The committee was established by the Commodity Futures Trading Supervisory Agency, known as Bappebti, because crypto is considered a commodity in Indonesia.
SEC files final response in Ripple XRP case
The SEC argues that Ripple’s claims do not negate the need for injunctions to prevent future violations.
Australian Tax Office Seeks Personal, Transaction Details from 1.2 Million Cryptocurrency Users
The Australian Tax Office reportedly has requested that cryptocurrency exchanges share both personal and transaction details of as many as 1.2 million cryptocurrency users. The revenue collector recognized that some users are fulfilling their tax…
Bitcoin Gets A ‘Monster’ Whale Boost With $1.2 Billion ETF Purchase
Susquehanna International Group, a behemoth in asset management with a trading volume handling numerous financial products globally, has made a substantial investment in Bitcoin through various exchange-traded funds (ETFs). A disclosure to the…
US Sanctions Lockbit Leader in Ransomware Crackdown
On May 7, the U.S. announced sanctions against Dmitry Yuryevich Khoroshev, a key figure in the Lockbit ransomware group. The U.S., alongside international allies including the UK and Australia, has taken coordinated measures to curb the activities…
Traders rush to short Ether as Grayscale pulls its futures ETF plan
A 3% rebound in Ether’s price would wipe $345 million in short positions amid Grayscale withdrawing its Ether futures ETF application.