A slew of major U.S. grocery chains have been targeted by scammers in recent months posing fake bomb threats with demands for ransom payments. While often involving cash or gift cards, the scammers have sometimes requested that their victims pay them in Bitcoin (BTC). The Supermarket Scam As reported by the Wall Street Journal on...Read More
Hut 8 announced entering into a $50 million credit facility with Coinbase Credit as the lender. In a statement, the North American crypto miner revealed that the proceeds from the loan will be used for general corporate purposes while providing it with added financial flexibility and helping it maintain a dynamic Bitcoin treasury management strategy....Read More
[Press Release – Geneva, Switzerland, June 26th, 2023] TRON DAO is pleased to announce that Arkham, the leading blockchain intelligence platform, has launched support for the TRON blockchain. Arkham deanonymize blockchains by showing users the people and companies behind cryptocurrency transactions. Arkham’s support for the TRON blockchain will enable traders and researchers to track the...Read More
Hong Kong and Shanghai Banking Corporation (HSBC) – the largest bank in the region – has reportedly allowed customers to buy and sell Bitcoin and Ethereum ETFs, becoming the first local financial institution to do so. It also launched an educational program that investors need to read before hopping on the cryptocurrency bandwagon. As revealed...Read More
[Press Release – Los Angeles, USA, June 26th, 2023] Deso is thrilled to announce they have joined forces with the leading Sui Wallet, Ethos, to integrate HeroSwap, the instant anonymous cross-chain swapping service for crypto. This collaboration elevates the user experience on Sui by providing developers, traders, and creators with an easy and efficient way...Read More
Photo by Shubham’s Web3 on Unsplash Consensus mechanisms might not be the most exciting part of Web3 and what it can do, but they are certainly one of the foundational technologies that make decentralization possible. Without an automated, predetermined set of rules that ensures order and stability, the entire idea of a “leaderless” organization withers...Read More
There’s been a rumor circling cryptocurrency-oriented social media circles throughout the past couple of days, that Ripple is planning to buy back 10 billion XRP tokens, currently worth just shy of $5 billion. The first to question the rumors was John Deaton, a lawyer representing thousands of XRP holders, who said he doesn’t believe it...Read More
In a major relief for the customers impacted by the Voyager bankruptcy, crypto exchange Gemini has announced the enabling of withdrawals. The crypto transfer window will end on July 23, 2023. In a recent blog post, Gemini confirmed allowing withdrawals for victims of the Voyager bankruptcy case while simultaneously offering a promotional welcome to all...Read More
Self-custody infrastructure provider Safe (formerly known as Gnosis) has announced a strategic partnership with blockchain security firm Redefine. The main aim is to enable users to transact with “more confidence” by diligently checking each transaction which can be achieved by integrating Redefine’s pre-transaction risk assessment tool DeFirewall into Safe’s user interface. Enhancing Blockchain Security According...Read More
One of the leading crypto-oriented asset managers catering predominantly to institutional clients, CoinShares, has reported a total of $199 million of weekly inflows. This is the largest the number has been since July 2022, correcting 50% of the previous 9 consecutive weeks of outflows. The report outlines that Bitcoin has been the one that benefitted...Read More
Prominent crypto exchange Bybit continues the expansion of its operations after successfully scoring a license in Cyprus. The newly acquired license from the regulatory authorities in the island country will allow Bybit to offer a full suite of services. This includes trading between crypto pairs and fiat currency pairs, financial services related to crypto assets,...Read More
Swiss prosecutors have reportedly frozen $26 million in cryptocurrencies and US dollars tied to Terraform Labs’ co-founder – Do Kwon, and some of his associates. The former crypto mogul purportedly stored those assets at Sygnum Bank. According to the US SEC, he used a Swiss banking institution to cash out 10,000 BTC after the LUNA/UST...Read More
Japan’s National Tax Agency published a partial revision of its corporate tax guidelines on June 20. They include a new set of rules for digital token issuers scrapping the previous taxes on unrealized gains from crypto assets issued by companies. The new tax rules would “make it easier for cryptocurrency-related companies to do business in...Read More
In an attention-grabbing tweet that has caught the eye of many, John Deaton, a renowned lawyer and the founder of Crypto Law US, has presented a thought-provoking viewpoint on the ongoing Ripple vs SEC saga. Deaton argues that the lawsuit has paradoxically acted as an unexpected catalyst for increased awareness and adoption of Ripple’s XRP....Read More
