On October 8th, the UK Financial Conduct Authority (FCA) will begin implementing new regulations regarding the promotion of digital assets. In a final warning, the FCA is urging all crypto entities to adhere to these new policies once they come into effect. Lucy Castledine, Director of Consumer Investments at the FCA, stated that entities unable […]
A significant crypto holder has reportedly fallen victim to a staggering $4.46 million phishing scam. The incident involved the transfer of approximately $4.46 million worth of Tether (USDT) from a Kraken crypto exchange wallet to an address ending in “ACa7,” according to data from Etherscan. Blockchain security firm PeckShield has identified the destination address as […]
Ethereum Genesis Wallet Awakens After 8 Years, Transfers ETH to Coinbase In a surprising turn of events, a long-dormant Ethereum ICO participant has resurfaced and transferred 32.1 ETH to Coinbase. This wallet, seemingly associated with shemnon.eth (@shemnon), was originally part of Ethereum’s Genesis and initially received 200 ETH. This unexpected activity has captured the attention […]
Cryptocurrency is proving to be a real hedge against economic turmoil in many countries facing severe financial crises. Several nations, especially in Africa, including Nigeria, have witnessed a surge in the use of cryptocurrencies, particularly Bitcoin, as a smart way to safeguard their wealth. Data from Chainalysis reveals that Nigeria, one of Africa’s largest economies, […]
Is $10,000 Possible For XRP Price? Crypto Analysts Weigh In Sep 20, 2023, 17:00 GMT+7 XRPUSD −0.01% The potential for XRP’s price to reach $10,000 has sparked intense discussions within the cryptocurrency community in recent days. One particular prediction suggests that the price of XRP could surge to $10,000 as Ripple makes advancements in the […]
Ripple’s CEO, Brad Garlinghouse, and President, Monica Long, have announced plans to expand the company’s team beyond the borders of the United States in response to their ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). The lawsuit between Ripple and the U.S. SEC remains one of the hottest topics in the cryptocurrency […]
South Korean police are stepping up their crackdown on crypto-powered drug trafficking, and have made 312 arrests in a wide-sweeping narcotics bust. The broadcaster KBS reported that the arrests were carried out by the Seoul Metropolitan Police Agency’s Drug Crime Investigation. The suspects were charged with violating the Narcotics Control Act. Police said the suspects were thought to have bought […]
Researchers at San Diego State University have developed an artificial intelligence (AI) system to detect and expose cryptocurrency giveaway scams on Twitter. Dubbed GiveawayScamHunter, the automated system has identified a staggering 95,111 scam lists created by 87,617 accounts on the social media platform between June 2022 and June 2023. By using GiveawayScamHunter, the researchers were able to extract website and […]
In a recent statement, Ethereum founder Vitalik Buterin expressed his concerns and sympathy for how Solana, a popular blockchain platform, is being treated by U.S. regulators. Buterin acknowledged feeling “bad” about the situation, highlighting the challenges faced by innovative projects in navigating regulatory frameworks. Buterin’s empathy stems from his own experiences in building Ethereum, which […]
The market share of digital currency or cryptocurrency in Indonesia is increasingly attractive. At the end of June 2023, the Futures and Commodity Trading Supervisory Agency (Bappebti) issued the latest regulations regarding crypto asset trading in Indonesia. In this regulation there is a new list of crypto assets that are legal and may be legally […]