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MetaMask users boycott ConsenSys for collecting wallet addresses
24.11.2022
Consensys upgraded its privacy policy yesterday, informing MetaMask users that their Ethereum wallet address and IP addresses would be captured during transactions utilizing Infura as their preferred RPC provider. Consensys, the New York-based blockchain software company, made it clear that when...
Ripple CTO Comments on FTX Collapse, Says it Can Happen Again With Other Exchanges Unless This Happens
24.11.2022
As the sudden collapse of major crypto exchange FTX continues to ravage through the markets across the world, David Schwartz, the chief technology officer of U.S. blockchain company Ripple, believes that only enforcing a system of automatized checks and balances can prevent various crypto...
New York Attorney General Urges Congress to Prohibit Retirement Investments in Crypto Assets
24.11.2022
New York Attorney General Letitia Games has urged lawmakers to ban the use of crypto assets as an investment option for retirement accounts.
In a November 22 letter penned to members of Congress, James claimed that US lawmakers need to protect workers’ retirement funds from high-risk crypto...
Genesis Has $2.8 Billion in Outstanding Loans, Parent Company DCG Was Lent Substantial Amounts - Here’s What You Need to Know
23.11.2022
Troubled crypto trading and lending firm Genesis Global has lent out some $2.8bn to various crypto firms, including large loans to its parent company, Barry Silbert’s Digital Currency Group (DCG)....
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Tornado Cash Developer Faces Money Laundering Charges, To Remain in Jail Until At Least February
23.11.2022
Tornado Cash developer Alexsey Pertsev will remain in jail for another three months after being charged with money laundering allegations for the development of the mixing service.
Pertsev, who has been held in detention for the past 100 days, was arrested by Dutch authorities over alleged...
Bank of England Warned Consumers About DeFi Risks Following FTX Collapse – Regulation Coming Soon?
22.11.2022
Bank of England (BoE), the UK’s central bank, warned consumers about the risks of using decentralized finance (DeFi) protocols shortly after the crypto exchange FTX collapsed.
The warning from the central bank was given in a speech by Deputy Governor of the Bank of England, Jon Cunliffe, at...
These Two Fraudsters Duped Crypto Investors Out of $575,000,000 – This is What Happened
22.11.2022
Two Estonian nationals have been arrested for alleged involvement in crypto-related fraud and money laundering activities worth some $575m.
The two were arrested in Tallinn, Estonia on Sunday on an 18-count indictment that involved a crypto mining service called HashFlare, and a fictitious...
New Revelation: US Prosecutors Were Looking Into FTX Long Before Exchange Collapsed
22.11.2022
The recent unexpected collapse of major crypto exchange FTX has drawn the attention of investors from across the world, but recently revealed information suggests that Sam Bankman-Fried’s company was on the radar of federal prosecutors long before FTX filed for bankruptcy. ...
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Modified Video of FTX Founder Sam Bankman-Fried Directs Users to Fraudulent Website - This is What You Need to Know
22.11.2022
A modified video of Sam Bankman-Fried, founder and former CEO of collapsed crypto exchange FTX, is trying to trick users into a fake crypto giveaway and potentially steal their funds.
Over the weekend, a deepfake video impersonating SBF was circulating on Twitter. To make the fake video more...
ZetaChain launches the first Omnichain Smart Contracts
22.11.2022
ZetaChain (ZETA), an omnichain smart contract platform based in California, has launched the most substantial testnet upgrade. This network upgrade would support cross-chain messaging and omnichain smart contracts for the first time. Thanks to the powerful Athens 2 upgrade, ZetaChain is now...
FTX-Owned Crypto Exchange Liquid Suspends Trading for Bankruptcy Proceedings – Here's What Happened
21.11.2022
Liquid Global, a Japan-based crypto exchange owned by now-bankrupt exchange FTX, has halted all trading after being “instructed” to do so by the law firm handling the bankruptcy.
“We have been instructed by [law firm Sullivan & Cromwell], who act for FTX Trading, to pause all forms of trading...
Blockchain Analysts: FTX Hacker Funds Are on The Move, Here’s Where They’re Headed
21.11.2022
Funds said to be stolen from the now-bankrupt crypto exchange FTX are on the move, and likely headed for exchanges as hackers attempt to cash out the proceeds.
According to an update from the blockchain intelligence company Chainalysis, the funds have already been converted from ethereum (ETH)...
Vitalik Buterin: Singapore’s Current Crypto Regulation Is Not Working – Here’s Why
21.11.2022
A resident of Singapore, Ethereum (ETH) co-founder Vitalik Buterin says that the country’s financial regulator, the Monetary Authority of Singapore, is enforcing a regulatory approach to crypto he calls “tough balance”. While he appreciates some of the regulator’s policy choices, he also states...
Billion-Dollar Crypto Fund Grayscale Refuses to Post Proof-of-Reserves – Next Firm to Collapse?
20.11.2022
Crypto investment firm Grayscale has refused to share its proof-of-reserves citing "security concerns." The move has stirred up speculations about the financial health of the company.
In a Saturday tweet, the company said major cryptocurrency exchange Coinbase, which is used by Grayscale...
South Korean Authorities Seize $100 Million From Terra Luna Co-Founder
19.11.2022
South Korean officials have confiscated over $100 million worth of funds belonging to Terraform Labs co-founder Shin Hyun-Seong (Daniel Shin).
According to a Thursday report by South Korean local publication YTN, a South Korean court authorized the confiscation of 140 billion won ($104 million)...
‘Serious Fraud and Mismanagement’ Occurred at FTX Says Bahamian Liquidators
18.11.2022
Liquidators in the Bahamas working on the now-bankrupt crypto exchange FTX believe there was “serious fraud and mismanagement” occurring at the exchange, court documents have revealed.
“The Joint Provisional Liquidators’ findings to date indicate that serious fraud and mismanagement may have been...
El Salvador President Says Country Will Buy ‘One Bitcoin Every Day’, Billionaire Justin Sun Joins Him
18.11.2022
In a bid to exploit the recent crypto meltdown, El Salvador’s President Nayib Bukele and Tron Founder Justin Sun plan to Bitcoin at a pace of one coin per day starting today.
In a Thursday tweet, President Nayib Bukele announced the news, pledging to acquire one BTC per day starting Friday...
Troubled Crypto Firm Genesis Sought $1 Billion Emergency Loan Before Suspending Withdrawals – This is What Happened
18.11.2022
The troubled crypto lending and trading firm Genesis had sought an emergency loan of $1bn before closing redemptions for clients earlier this week.
Details about the emergency loan sought by Genesis was shared by the Wall Street Journal on Thursday, with the newspaper citing a confidential...
Apple’s Job Listings Suggest Metaverse Product is Coming – Crypto Integration Coming Soon?
18.11.2022
Recent job postings by Apple suggest that the tech giant aims to build a 3D world for its yet-to-be-announced mixed-reality headset.
Apple’s VR and mixed reality headset is no longer a secret, but new job listings reveal the company is ramping up its work to bolster the device with...
Crypto Scammers are Buying Fake Identities on the Black Market for as Little as $8 – Here’s What You Need to Know
18.11.2022
A vast underground ring of know-your-customer (KYC) actors for hire has been increasingly used by rogue developers with the aim to scam Web3 communities, according to a recent analysis by security-focused ranking platform CertiK. ...
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