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Threat of Nested Exchanges and What Binance Is Doing to Combat Them
13.12.2021
Nested exchanges are becoming a popular tool for money launderers. Learn all about nested exchanges/services and what we’re doing to combat them as well as how to avoid them and why accounts get blocked or frozen because of them. Main Takeaways: A nested exchange provides crypto trading...
Prime Minister Modi’s Twitter Account Hacked — Tweets Bitcoin Legal Tender in India, Government Giving Away BTC
12.12.2021
The Twitter account of Indian Prime Minister Narendra Modi was compromised and a tweet was posted claiming that the government of India has adopted bitcoin as legal tender and purchased 500 coins to distribute to all residents in the country. This hack came at a critical time in India as...
Indian prime minister Modi's hacked Twitter account attempts BTC scam
12.12.2021
Soon after Modi's Twitter account with over 73.4 million followers got hacked, attackers shared misleading information about the mainstream adoption of Bitcoin and a 500 BTC giveaway
Exploit Allows Hackers to Siphon $120 Million From Defi Protocol Badgerdao
2.12.2021
The decentralized autonomous organization (DAO) called Badgerdao has disclosed that it has “received reports of unauthorized withdrawals of user funds.” The analytics team Peckshield estimates that over $120 million was siphoned in the Badgerdao breach. Badgerdao Suffers $120 Million...
Alternative Investments Like Crypto Form Half of Russian Non-Qualified Investors’ Portfolios
2.12.2021
Investments in alternative assets such as cryptocurrencies account for over half of the portfolio of non-qualified Russian investors, a recently held survey has indicated. Almost half of them consider digital currencies like bitcoin as a potential hedge. Cryptocurrencies Outperform Traditional...
Report: Nigerian Fintechs Account for Nearly 91% of $417.5 Million Raised by Tech Startups in the Country
30.11.2021
According to an analysis of the $417.5 million that was raised by Nigerian tech startups during the first nine months of 2021, fintech firms accounted for about $379 million or 90.78% of the total. Nigerian Fintechs Dominate the African Continent Nigerian fintechs currently account for more than...
Nigerian Artist Davido Launches Fan Token That Gives ‘Power Back to the Fans’
27.11.2021
Nigerian artist Davido has launched a fan token, the Echoke Social Token, that he says gives “power” to his millions of fans. Eliminating the Middlemen A Nigerian pop artist and celebrity, Davido, recently announced the launch of his fan token, the Echoke Social Token, via...
A Non-Custodial Bitcoin Interest Rate Account? Lightning Network May be the Answer
25.11.2021
A long-held view in both crypto markets and traditional financial markets is that in order to earn an interest on one’s assets, custody of those assets must be given up to a third-party. But with bitcoin (BTC)’s Lightning Network (LN), a new model for earning a non-custodial “Lightning Network...
Elon Musk Calls Binance’s Dogecoin Problem ‘Shady’ — Says He’s Raising the Issue on Behalf of Other DOGE Holders
25.11.2021
Tesla and Spacex CEO Elon Musk has raised concerns with cryptocurrency exchange Binance about its dogecoin issue. Musk calls the situation “shady,” adding that “DOGE holders using Binance should be protected from errors that are not their fault.” Both Binance...
Nigerian Crypto and Blockchain Advocacy Group: Freezing or Closure of Bank Accounts Not Supported by Law
23.11.2021
The Blockchain Industry Coordinating Committee of Nigeria (BICCON), has said it is not lawful for Nigerian financial institutions to arbitrarily freeze or close bank accounts belonging to individuals or entities accused of trading cryptocurrency. Affected Crypto Entities Told to Seek Legal Advice...
Alabama Securities Regulator Shuts Down 97 Fraudulent Cryptocurrency Trading Websites
20.11.2021
The securities regulator of the U.S. state of Alabama has issued a cease and desist order against Acoin Trading and 96 other cryptocurrency websites. The crypto investment schemes promise “excessive returns,” report “fictitious account values,” and impose...
SHIB Listed on ChangeHero for Accountless and Limitless Exchange
13.11.2021
PRESS RELEASE. ChangeHero instant cryptocurrency exchange listed SHIB on its platform. Customers can exchange SHIB against over 80 cryptocurrencies without an account. Now crypto enthusiasts can easily exchange or buy SHIB not only with Ethereum based tokens but also with cryptocurrencies...
OANDA Enters Partnership with CONVRS to Innovate Account Opening Process
12.11.2021
OANDA recently announced a partnership with CONVRS to revolutionize the account opening process. Known for its multi-asset trading services and currency analytics, OANDA’s association with the customer engagement giant is noteworthy. The ventures have joined hands to formulate a better client...
Two firms account for the majority of Tether received: Report
12.11.2021
A new study by Protos claims that Tether flow is dominated by just two firms, Alameda Research and Cumberland
Nigerian Judge Rules in Favor of Accused Crypto Startup, Accounts to Be Reopened
27.10.2021
A Nigerian Federal Court judge recently ruled that the two frozen bank accounts belonging to Rise Vest Technologies, which is accused of trading cryptocurrencies, must be reopened. CBN’s Bank Account Freeze Order Dismissed In a ruling that overturns the Central Bank of Nigeria (CBN)’s...
Colombian Government Might Take Unused Funds From Bank Accounts Inactive for a Year
26.10.2021
The budget law for the next year, which was recently approved by the Colombian representative’s chamber, includes a controversial article that allows the state to confiscate a bank customer’s funds to be used for budgetary purposes. Under certain circumstances defined by the...
Report: Leading South African Bank Sends Account Termination Notices to Crypto Arbitrage Traders
23.10.2021
One of South Africa’s biggest banks, Standard Bank, has reportedly sent account termination notices to clients that offer automated cryptocurrency arbitrage services. Bank’s Criteria Questioned This move, according to a Mybroadband report, has sent shockwaves through...
Liquidator of Defunct South African Crypto Exchange Says He Found a 54 BTC Discrepancy in Ice3’s Accounts
18.10.2021
A court-appointed liquidator, Dewald Breytenbach of National Liquidators, recently claimed that out of the 76 bitcoins that belonged to the now-defunct South African cryptocurrency exchange, Ice3, his firm can only account for 22. Ice3’s Abrupt Shut Down The liquidator adds that the crypto...
The ‘Holding Billionaires Accountable’ Lie — Media, Big Tech Fact Checkers Mischaracterize Angst Toward Biden’s Tax Proposal
17.10.2021
U.S. citizens and financial institutions are concerned about the Biden administration’s goals to get banks to report to the Internal Revenue Service (IRS) aggregate inflows from a customer’s bank account annually that exceed $600. Mainstream media is reporting and Big Tech’s...
The Ongoing Effort to Free Ross — Ulbricht’s Clemency Petition Closes in on Half a Million Signatures
16.10.2021
As the end of 2021 nears, Ross Ulbricht remains in prison as he continues to serve his draconian double-life prison sentence for creating a website called the Silk Road. Ever since he was arrested, there’s been an ongoing effort to free Ulbricht, as a great majority of individuals and...