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Elon Musk Tips Use of Bitcoin On Mars, Highlights Possible Challenges
11.1.2024
Elon Musk. Source: a video screenshot, Elon Musk Zone / YouTube Tesla CEO Elon Musk says there’s a possibility cryptocurrencies could be utilized on Mars as he answers questions about what he would use on the planet. Speaking in an X (formerly Twitter) space, “Ark 21Shares Bitcoin ETF (ARKB)...
Vitalik Buterin Advocates for Modest Gas Limit Increase in Ethereum Network
11.1.2024
Ethereum. Source: Adobe Ethereum co-founder Vitalik Buterin has recommended a “modest” increase in the gas limit to enhance the potential throughput of the Ethereum network. During a Reddit ask-me-anything (AMA) organized by the Ethereum Foundation’s research team, Buterin...
Binance Spot Market Share Spiked First Time in Months as BTC Futures Products Rise: CCData
11.1.2024
Source: Adobe The cryptocurrency market recorded massive gains towards the end of 2023 in several areas as the uptick in asset prices was seen in centralized exchange numbers, institutional funds, and decentralized applications (dApps). A Jan 10 market report by cryptocurrency research firm CCData...
CoinGecko Faces Brief Compromise as Phishing Scam Targets X Account, Warns Users Against Suspicious Links
11.1.2024
Source: AdobeStock / Sergey Nivens Cryptocurrency data aggregator CoinGecko experienced a security breach when their account fell victim to a phishing attack. During a brief period on January 10, a phishing scam link was posted on their X account, falsely informing users of a CoinGecko token...
Police Catch South Korea’s ‘$3.5m Nursing Care Fund Crypto Thief’
11.1.2024
Source: papii/Adobe Police in the Philippines have arrested a South Korean man suspected of stealing some $3.5 million from a nursing care fund – and spending the money on crypto. Officers think the 44-year-old man, unnamed for legal reasons, embezzled the money from April 2022 to September 2022....
Ripple Labs Initiates Plan to Repurchase $285 Million Stake from Early Investors
11.1.2024
Source: AdobeStock Cryptocurrency company Ripple Labs has announced its plans to repurchase shares worth $285 million from early investors and staff. ???? #Ripple to buy back $285 million of its shares, valuing company at $11 billion.#crypto — Aman????Sai (@amansaiofficial) January 10, 2024...
Former FTX CEO Sam Bankman-Fried Retains New Counsel, Files Notice in Federal Court Ahead of Sentencing
10.1.2024
Source: A Video Screenshot, YouTube / CBS News Former FTX CEO Sam “SBF” Bankman-Fried has informed the federal court that he has retained new counsel ahead of his sentencing hearing for seven criminal charges. Additionally, SBF’s legal team submitted a sealed document indicating...
Phoenix Invests $187 Million in Bitmain BTC-Mining Machines Acquisition
10.1.2024
Source: AdobeStock/artiemedvedev Blockchain mining firm Phoenix Group PLC has successfully acquired mining equipment valued at $187 million from Bitmain Development PTI Limited. In an announcement made on January 9, Phoenix Computer Equipment, a subsidiary of Phoenix Group, disclosed that...
Crypto Companies Fined $5.8 Billion In 2023, TradFi Less Than $900 Million
10.1.2024
Source: Pixabay Crypto companies received more fines for poor money controls than traditional financial firms for the first time ever in 2023, according to data compiled by the Financial Times. In fact, the penalties were hardly comparable. Whereas crypto companies lost $5.8 billion for inadequate...
Celsius Targets Withdrawals Made 90 Days Before Bankruptcy for Repayment
10.1.2024
Source: Adobe / FellowNeko The bankrupt crypto lender Celsius Network has notified its creditors that customers who made substantial withdrawals in the 90 days leading up to the bankruptcy declaration may need to return a portion of the funds or face legal consequences. According to a notice...
AsiaPay Partners with BLOX to Explore Crypto Payment Solutions in Malaysia
10.1.2024
Source: Pixabay / Michael Wuensch Digital payment company AsiaPay has partnered with BLOX, a Malaysian web3 firm, to explore payment solutions around digital assets in the country. In a Jan 10 press release, the firm explained the need to look into other payment options as more sectors emerge...
Tom Lee Predicts Bitcoin Could Reach $500,000 in Next Five Years
10.1.2024
Source: Pixabay Crypto market analyst Tom Lee has predicted that Bitcoin could reach $500,000 within the next five years. In an interview on CNBC’s “Squawk Box,” Lee predicted that Bitcoin could hit $100,000 and “maybe” $150,000 within the next 12 months, and added that “something around half...
Decentralized AI Platform Ritual Hires BitMEX Co-Founder Arthur Hayes As Advisor: Report
10.1.2024
Source: YouTube / Real Vision Crypto BitMEX co-founder Arthur Hayes has joined forces with decentralized AI platform Ritual in an advisory capacity. The Block reported on Wednesday that Hayes had joined Ritual’s advisory team, and will help the decentralized AI platform to expand...
Turkey Nears Completion of Crypto Framework; Minister Confirms FATF Compliance
10.1.2024
Turkey Crypto Regulation Source: Adobe / Husamex Turkey’s Minister of Treasury and Finance, Mehmet Simsek, announced that Turkey is reportedly in the final stages of preparing a legal regulation for crypto assets. He also shared insights into the imminent cryptocurrency law and compliance...
EigenLayer connects Ethereum and Cosmos for new breakthroughs
10.1.2024
It all started with Ethereum and Cosmos having their own unique ambitions, but the challenges provided by elements like MEV, liquidity dispersion, and widespread decentralization prompted the two parties to explore formalizing their relationship. EigenLayer is introduced into the picture....
Polygon PoS now powers Verify by Fox Corporation
10.1.2024
Polygon Labs has announced that it has joined hands with Fox Corporation to support Verify. The protocol helps creators provide authenticity to their content in a world where the rise of Artificial Intelligence is making it convenient for malicious actors to break the barriers of legitimacy....
Wintermute Reports 400% Surge in OTC Crypto Trading Volumes for 2023
10.1.2024
Source: Wintermute Wintermute has reported a staggering 400% increase in over-the-counter (OTC) trading volumes for the year 2023 in the midst of a challenging year for crypto exchanges.In the latest report of its OTC performance, the crypto market maker and liquidity provider Wintermute revealed...
FINRA’s 2024 Report Highlights Emergence of Crypto-Related Compliance Risks
10.1.2024
Source: Adobe American self-regulatory body, the Financial Industry Regulatory Authority (FINRA), has added crypto considerations for companies to its annual oversight report, released Tuesday. ???? We've published the 2024 FINRA Annual Regulatory Oversight Report to share key insights...
BitGo Gains In-Principle Approval from Authority to Operate in Singapore
10.1.2024
Source: Pixabay / sasint BitGo has recently been granted in-principle approval from Singapore’s Monetary Authority of Singapore (MAS) for a Major Payment Institution license. According to a social media post published by the established American digital asset custody firm, BitGo is one step...
Cybersecurity Risks in the Cryptocurrency Industry
10.1.2024
Source: iStock / JuSun The US Securities and Exchange Commission (SEC) social media account being compromised is concerning. Impersonations and hacks are nothing new in the cryptocurrency space but could the hack have been avoided? After the post, the SEC started an internal market manipulation...