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Chinese ‘Criminals Used Digital Yuan to Launder Money’ – Prosecutors
16.1.2024
Source: dule964Adobe Chinese law enforcers say they have shut down a gang that was using digital yuan wallets to launder money. Per the media outlet The Paper, the gang was allegedly active in the Yuecheng District, in the municipality of Shaoxing, Zhejiang Province. The Shaoxing Public Security...
Game Over for NFTs? Will the Market Recover in 2024
15.1.2024
Non-fungible tokens, or NFTs, have faded into the background with all the chatter and excitement around a spot Bitcoin exchange-traded fund being approved in the US market. Earlier today GameStop revealed it has shut down its NFT marketplace, signaling its withdrawal from the cryptocurrency space....
Gamestop’s Cryptocurrency Adventure Pauses: NFT Marketplace Closure Looms
15.1.2024
In an announcement prominently displayed on the Gamestop non-fungible token (NFT) marketplace, the company has revealed its intention to shut down the platform on Feb. 2, 2024. This decision means that users of the Gamstop NFT market will lose the ability to “buy, sell, or create NFTs.”...
GameStop Retreats from Crypto Space, Shuts Down NFT Marketplace Amid Regulatory Hurdles
14.1.2024
Source: AdobeStock / JHVEPhoto GameStop has decided to shut down its NFT marketplace, signaling its withdrawal from the cryptocurrency space. The announcement, made via a statement on the platform, cites “the continuing regulatory uncertainty of the crypto space” as the primary reason...
Bitcoin Developer's Proposal to Stop 'Spam' NFTs Gets Shut Down
9.1.2024
Luke Dashjr's technical proposal sounded innocuous enough: to make the popular Bitcoin Core software "effective with newer datacarrying styles." In reality, the effort represented a sophisticated but controversial plan to block the suddenly popular "inscriptions" known as "NFTs on Bitcoin."
Huobi Korea Announces Closure Citing Challenging Business Environment
4.1.2024
Source: Adobe South Korean cryptocurrency exchange Huobi Korea has announced the shut down of its services with effect from January 29, 2024. The decision comes in response to what the company described as a challenging “business environment.” Established in 2017, Huobi Korea...
US Presidential Candidate Outlines Plan to Shut Down FBI if Elected — ‘This Is Much More Practical Than It Sounds’
2.1.2024
Presidential candidate Vivek Ramaswamy has outlined his plan to shut down the Federal Bureau of Investigation (FBI) if he is elected President of the United States. “56% of the bureau that are professional bureaucrats should be fired immediately,” he stressed, adding that 44% of FBI employees...
South Korean Police Shut Down ‘Gangsters’ $32m Crypto Scam Ring’
29.12.2023
Source: Robert/Adobe South Korean police say they have swooped on a $32 million chat app-based crypto scam ring that they say was being run by a network of “gangsters.” Per Chosun Ilbo, Busan Metropolitan Police, the group comprised nine groups of “violent gangsters” who operated bogus “crypto...
Crypto Hybrid Exchange Ankex, Led by former Genesis CEO, Shuts Down
15.12.2023
Ankex, Qredo’s cryptocurrency exchange spearheaded by former Genesis Trading CEO, Michael Moro, has shut down operations. “Ankex development has been paused” The formerly up-and-coming Ankex was launched last year and was set to combine both centralized and decentralized features. Moro...
Dev Behind Controversial Shooter The Day Before Shuts Down Days After Massive Steam Launch
11.12.2023
The drama-filled saga behind one of Steam’s most-anticipated games of 2023 just took its weirdest turn yet. The Day Before maker Fntastic announced it will cease operations less than a week after accusations of swindling players with a massive bait-and-switch when it came to the true nature of...
JPMorgan’s Jamie Dimon Urges Government to Shut Down Bitcoin
7.12.2023
Source: a video screenshot During a Senate Banking Committee hearing on Capitol Hill, JPMorgan Chase CEO Jamie Dimon expressed his strong opposition to cryptocurrencies, specifically Bitcoin (BTC). Dimon’s remarks came in response to questioning from Senator Elizabeth Warren, where...
South Korean Police Shut Down ‘170-victim Robot-themed Crypto Scam’
28.11.2023
Source: DrArt/Adobe Police in South Korea have arrested a group of people they suspect of duping 170 “crypto investors” – by posing as cryptoasset-issuing robot developers. Per Joongang Ilbo, the Jeonnam Police Agency, officers made at least two arrests, with a 63-year-old and a 36-year-old charged...
Inferno Drainer says it’s shutting down after helping steal $70M in crypto
27.11.2023
“We hope you can remember us as the best drainer that has ever existed,” wrote the scam-as-a-service wallet drainer
Crypto Exchange Bittrex Global to Shut Down
21.11.2023
All trading on the platform will be disabled on Dec. 4, several months after Bittrex's U.S. arm filed for bankruptcy and stopped operations
South Korean Police Shut Down ‘International Crypto Fraud’ Ring, Freeze $1.2m
8.11.2023
Source: Maksim Shmeljov/Adobe South Korean police have swooped on a group of suspected “international” crypto fraudsters, freezing over $12 million and arresting 49. Newsis reported that the Cyber Investigation Department of the Seoul Metropolitan Police Agency has “arrested a total of 49 people...
South Korean Police Swoop on Suspected Crypto Scam, Arrest 25
7.11.2023
South Korean police have shut down a firm at the center of a suspected crypto scam that allegedly duped 4,000 people out of their funds, arresting 25 people. Per Maeil Shinmun, the firm is thought to have amassed almost $14 million worth of fiat and crypto from its customers, with suspects detained...
AVAX blockchain explorer to shut down as Etherscan fees draw controversy
30.10.2023
Annual subscription fees for Etherscan's EaaS service has reportedly grown to $2 million per year
Report: Africa-Focused Crypto Trading App Shut Down — Co-Founder Says Only Nigerian Users Affected
22.10.2023
The Africa-focused crypto trading app Vibra has reportedly stopped working in Ghana, Kenya, and Nigeria. Reports that the app is not working in the three countries contradict the co-founder’s claim that only users from Nigeria are affected. Resign or Get Fired An Africa-focused crypto trading...
‘This will be our last post’ — LBRY throws in towel against the SEC
20.10.2023
“Thank you to everyone who fought with us for online freedom,” the LBRY Inc team said
Binance to shut down BUSD lending by October 25
3.10.2023
The move is part of a phased termination of BUSD support by February 2024