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Report: Hong Kong Residents Lost More Than $216 Million to Crypto Scams in 2022

9.3.2023
According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just over 10% of the nearly 23,000 reported technology crimes, they still accounted for more than half...

Blockchain Retail Market Size to Top Over $2 Billion by 2028 — Study

9.3.2023
According to Fortune Business Insights, the global blockchain retail market size is expected to surge from the $172.2 million recorded in 2021 to over $2 billion by 2028. Both the demand for the product by end-users as well as the growing use of the technology in supply chain management...

Deadline Approaching: Mt Gox Trustee Sets Final Cut-off Date for Creditors to Claim Over $3 Billion in Recovered Bitcoin

9.3.2023
The Tokyo bankruptcy court trustee for the defunct Japanese bitcoin exchange Mt Gox, Nobuaki Kobayashi, has published a letter stating that creditors have until March 10, 2023 (Japan Time) to register their repayment claims. Kobayashi explains that the team is dealing with “a large number...

Silvergate downfall sparks debate over whose fault it actually was

9.3.2023
The demise of the crypto-friendly bank has prompted discussion about who tipped the first domino, and where crypto firms can turn for their banking needs

Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist

8.3.2023
At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details...

China’s Wechat Adds Support for Digital Yuan Payments

8.3.2023
Chinese social media platform Wechat has introduced support for the state-backed digital yuan in its popular payment app. Over a billion users will now ostensibly be able to take advantage of fast payments with the digital currency issued by the People’s Bank of China. Wechat Pay Follows Alipay...

Debate over 2FA using SMS after sim-swapping victim sues Coinbase

8.3.2023
While members of the crypto community are doubtful the lawsuit against Coinbase will be successful, it has sparked a conversation about the issues with SMS 2FA

North Macedonia Says Bomb Threats Come From Russia, Crypto Used to Hide Origin

8.3.2023
The government of North Macedonia believes that an ongoing wave of false bomb threats against public targets in the country is coming from Russia and Iran. The authorities in Skopje also say that payments related to the attacks have been made with cryptocurrency to conceal traces. Over...

Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal

7.3.2023
Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. The practice of doping gold involves adding impure ore like silver to...

Judges hear oral arguments in Grayscale suit against SEC over BTC spot ETF rejection

7.3.2023
A panel of three judges heard the sides’ arguments and posed significantly more questions about the SEC’s stance, leading to speculation about their leaning

Twitch Finally Addresses Porn Deepfake Scandal Over A Month Later

7.3.2023
A month after Twitch streamer Brandon “Atrioc” Ewing accidentally revealed that he was watching sexually explicit deepfakes of his fellow streamers while on stream, Twitch has issued a lengthy statement regarding its stance on the controversy and what the company is calling “synthetic...

Silver Proponent Predicts Medium-to-Long-Term Prices of $125 Per Ounce Thanks to Auto Industry

7.3.2023
Silver prices have been hovering just below the $21 per troy ounce mark over the last 24 hours, after jumping above the $24 range in mid-January. While long-term and modest forecasts expect silver to hit $30 by 2025 and $40 by 2027, Keith Neumeyer, CEO of First Majestic Silver, thinks medium...

Alameda Research Sues Grayscale Investments Seeking to Unlock Billions in Value for Shareholders

7.3.2023
FTX Debtors and affiliate Alameda Research Ltd. have filed a lawsuit against Grayscale Investments, seeking injunctive relief to unlock $9 billion in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts. The debtors allege that “Grayscale has extracted over $1.3 billion...

South Korea saw over $4B in unregistered crypto transactions in 2022

7.3.2023
The money was aimed primarily at buying foreign crypto assets with the intention of selling them on the domestic market

Shellboxes, an Industry-Leading Cyber Security Firm, Declares Continuous Commitment to Protect Blockchain Projects From the Growing Threat of Cyber Attacks

7.3.2023
PRESS RELEASE. Shellboxes, a leading Web 3 company with top-level blockchain security and consulting services, has announced its commitment to help project owners stay protected amid rising cyberattacks in the industry. The Shellboxes team has raised the alarm over the carefree attitude of most...

FTX-Affiliated Alameda Research Sues Grayscale Over Crypto Investments, Adding to Woes for Digital Currency Group – What's Going On?

7.3.2023
In a last ditch move to 'maximise recoveries' Alameda Research has filed a lawsuit against Grayscale Investments. The lawsuit alleges that Grayscale charge 'exorbitant management fees'. And named Grayscale CEO Michael Sonnenshein as it went on to accuse Grayscale of 'improperly preventing...

Russian Court Sends 3 Crypto Robbers to Strict-Regime Prison

7.3.2023
Three Russians are going to spend time in high-security prison for stealing over a million U.S. dollars’ worth of cryptocurrency from another man. In addition, the court has also ordered them to fully compensate the victim for the damages, prosecutors announced. Robbers Get Prison Sentence...