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Fake Crypto Recovery Service Operator Arrested and Charged

[Aug 7, 2024 1:30 AM] The Homeland Security Investigations New York has charged Michael Lauchlan for running a fraudulent cryptocurrency recovery service, Coin Dispute Network (CDN), that scammed customers out of their ethereum. Lauchlan convinced clients he could…

Abu Dhabi Unveils Blockchain Center to Drive Blockchain Innovation

[Aug 4, 2024 11:30 AM] A center aiming to drive blockchain innovation and establish Abu Dhabi as a hub for top global events and workshops, connecting industry leaders, has officially opened. Additionally, the blockchain center will incorporate a venture capital arm to…

Paypal Launches Global Hackathon With 40,000 PYUSD in Prizes

[Aug 2, 2024 11:30 PM] Paypal, a leading payment platform, has announced a global hackathon for its stablecoin PYUSD, offering 40,000 PYUSD in prizes. This initiative follows the launch of the Paypal stablecoin on Solana. Running from Aug. 12 to Sept. 16, the hackathon…

DOJ Launches Whistleblower Awards Program to Tackle Crypto Crimes

[Aug 2, 2024 9:18 PM] The U.S. Department of Justice (DOJ) has initiated a Corporate Whistleblower Awards Pilot Program to encourage reporting of corporate criminal activities. This three-year program targets financial institutions, including cryptocurrency businesses…

FBI Issues Warning About Crypto Exchange Scams

[Aug 2, 2024 2:30 AM] The Federal Bureau of Investigation (FBI) has warned cryptocurrency users about scammers impersonating crypto exchange employees to steal funds through unsolicited messages or calls. These fraudsters create urgency, claiming issues with accounts to…

Trump Has Raised $25M From Crypto Industry and Bitcoin Whales

[Aug 1, 2024 1:30 AM] Former U.S. President and presidential candidate Donald Trump has raised $25 million from the crypto industry and bitcoin whales since he began accepting donations in cryptocurrencies. He has made several promises to support the crypto sector if…