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Three Ex-Citi Executives Launch Crypto Investment Firm

Three Ex-Citi Executives Launch Crypto Investment Firm

Three former Citi executives have started a new crypto investment firm named Motus Capital.

Litecoin vs Ethereum: The 8 Differences that You Should Know

Litecoin vs Ethereum: The 8 Differences that You Should Know

Litecoin and Ethereum have proven to be among the most fundamental digital assets in the crypto space. According to the Coin Market Cap, Ethereum is ranked the second most popular cryptocurrency after Bitcoin, whereas Litecoin is ranked seventh. Despite their popularity, their intentions are entirely different. It, therefore, becomes crucial to comprehend their unique aspects.

What Will Cryptocurrency Speeds Look Like in 2020?

What Will Cryptocurrency Speeds Look Like in 2020?

Each year, more people are converted to the benefits of cryptocurrency. Some are spurred to make the change from traditional fiat currency based on the security and safety features that are present in the blockchains. Others are increasingly convinced it's the future of finance by the transaction speed that cryptocurrency offers.

Millennium Management Hedge Fund Gains Exposure to Bitcoin through Grayscale

Millennium Management Hedge Fund Gains Exposure to Bitcoin through Grayscale

Millennium Management has gained exposure to Bitcoin (BTC) through Grayscale Bitcoin Trust (GBTC).

Grayscale Files with US SEC to Convert GBTC Into Bitcoin Spot ETF

Grayscale Files with US SEC to Convert GBTC Into Bitcoin Spot ETF

Grayscale believes that if the SEC approves a futures-based ETF, the agency should be open to approve the physical based ETFs.

Grayscale Will Dissolve XRP Trust In Reaction to SEC Lawsuit Against Ripple

Grayscale Will Dissolve XRP Trust In Reaction to SEC Lawsuit Against Ripple

Institutional-grade digital asset firm Grayscale will dissolve its XRP Trust as the United States Securities and Exchange Commission (SEC) pursues its lawsuit against Ripple

Grayscale Launches Bitcoin Mining-Centered Investment Entity

Grayscale Launches Bitcoin Mining-Centered Investment Entity

Crypto asset management firm Grayscale plans to launch a new private co-investment opportunity in mining hardware that enriches the bitcoin ecosystem.

TempleDAO Hacker Moves Stolen Funds to Sanctioned Crypto Mixer Tornado Cash

TempleDAO Hacker Moves Stolen Funds to Sanctioned Crypto Mixer Tornado Cash

According to data from block explorer, Etherscan, the attacker of the TempleDAO hack, has moved the funds stolen via the recently sanctioned crypto mixer, Tornado Cash.

Google Cloud and Polygon Labs partner for Ethereum scaling

Google Cloud and Polygon Labs partner for Ethereum scaling

Google Cloud will provide framework and developer tools to aid Polygon Labs’ Ethereum scaling protocol. The partnership aims to streamline developer integration for decentralized applications on Polygon.

Arbitrum One Achieves a Historic $10 Billion TVL Milestone

Arbitrum One Achieves a Historic $10 Billion TVL Milestone

Arbitrum One's recent surge to a $10.22 billion TVL not only marks a major milestone for Ethereum Layer 2 networks but also highlights its growing acceptance and diverse asset portfolio, following a substantial funding journey and robust technology development.

Snowtrace to End Etherscan-Powered Service by Nov 30

Snowtrace to End Etherscan-Powered Service by Nov 30

Snowtrace.io, a blockchain explorer for Avalanche C-Chain, will discontinue its Etherscan-powered explorer on November 30, 2023, due to high EaaS service costs. Users are advised to backup data and Ava Labs suggests a better solution transition.

Billionaire Investor Mike Novogratz Refuses to Lose Faith in Bitcoin

Billionaire Investor Mike Novogratz Refuses to Lose Faith in Bitcoin

Mike Novogratz, the CEO and founder of Galaxy Digital asset management company, explains why he still loves cryptocurrencies.

$3.6B Worth Bitcoins Scam, Founders of South African Crypto Exchange Africrypt Are Missing

$3.6B Worth Bitcoins Scam, Founders of South African Crypto Exchange Africrypt Are Missing

The total value of $3.6 billion Bitcoins disappeared while the founders of South African cryptocurrency exchange AfriCrypt are missing.

Ethereum to Undergo 4 Phases to Tackle the Scalability Issue after Merge

Ethereum to Undergo 4 Phases to Tackle the Scalability Issue after Merge

Since the Merge is the first step toward solving the scalability trilemma, Ethereum will have to undergo four more steps to solve this issue.

Serbian Citizen Extradited to US to Face Crypto-Related Fraud Charges

Serbian Citizen Extradited to US to Face Crypto-Related Fraud Charges

An accused scammer has arrived in the US from Serbia to face charges that he and other six conspirators involved in a crypto fraud scheme that defrauded investors out of over $70 million.

Ethereum Price Gains 45% in 24 hours, What’s Driving the ETH Price Rally?

Ethereum Price Gains 45% in 24 hours, What’s Driving the ETH Price Rally?

The Ethereum price has made its largest single-day price gain in the crypto’s history, surging 45% in the last 24 hours, but what is behind the ETH price rally?

Texas Authorities Slap “Bitcoin Pope” and Forex Birds with Cease and Desist Order for Fraudulent Investment Scheme

Texas Authorities Slap “Bitcoin Pope” and Forex Birds with Cease and Desist Order for Fraudulent Investment Scheme

An emergency cease and desist order has been issued against the “Bitcoin Pope” trader, under allegations of fraudulent cryptocurrency investments.

Hong Kong Regulators Probe Worldcoin for Privacy Risks

Hong Kong Regulators Probe Worldcoin for Privacy Risks

Hong Kong's PCPD is investigating Worldcoin, linked to OpenAI's Sam Altman, for potential privacy violations in biometric data collection methods, highlighting global privacy concerns in the crypto and blockchain industry.

Spike in COVID-19 Cybercrime Is Stimulating Mass Adoption of Blockchain in Asia

Spike in COVID-19 Cybercrime Is Stimulating Mass Adoption of Blockchain in Asia

With COVID-19 forcing businesses to adopt digital means of transacting, there is a spike in blockchain adoption, Bitcoin price surge, rise in Bitcoin scams.

Bitcoin Price Surges to 2020 High of $15,960, MicroStrategy Sees $182 Million Increase

Bitcoin Price Surges to 2020 High of $15,960, MicroStrategy Sees $182 Million Increase

The Bitcoin price reached a new high for 2020 gaining over 12% in the last 24 hrs to reach $15,960. MicroStrategy has reported a $182 million gain in their BTC reserve value.

Microsoft Takes Down COVID-19 Cyber Criminals to Eliminate "Business Email Compromise" Attacks

Microsoft Takes Down COVID-19 Cyber Criminals to Eliminate "Business Email Compromise" Attacks

Scammers have been taking advantage of COVID-19 and the worldwide economic crisis revolving around it to retrieve personal information and phish data from Microsoft users.

Coinbase, Gemini, Binance & Kraken Address Twitter Hack: "Repercussions for Bitcoin Could’ve Been Worse"

Coinbase, Gemini, Binance & Kraken Address Twitter Hack: "Repercussions for Bitcoin Could’ve Been Worse"

Twitter has never in its history experienced as big of a security breach and crypto hack scam as the one that happened earlier this week.

Blazar Token Scam: Former New Jersey Corrections Officer Charged by SEC

Blazar Token Scam: Former New Jersey Corrections Officer Charged by SEC

Former New Jersey State Correctional Police Officer John A. DeSalvo has been charged with fraudulently raising funds through the unregistered offering of the Blazar Token, a crypto asset security. The token, which collapsed in May 2022, was marketed as a replacement for state pension systems. DeSalvo misused investor funds, transferring a large portion to his personal wallets.

U.S. Justice Department Seizes $9M in Crypto from Romance Scam Ring

U.S. Justice Department Seizes $9M in Crypto from Romance Scam Ring

The U.S. Justice Department successfully seizes $9M in crypto from a scam ring targeting over 70 victims, showcasing the government's commitment to combating cyber-enabled financial fraud.

Animoca Brands to Cover Losses of Recent Scam Victims

Animoca Brands to Cover Losses of Recent Scam Victims

Hong Kong-based Animoca Brands released a statement saying that the company will cover the losses of those who fell victim to an online scam on November 19.

FTX Issues Fresh Warning on Phishing Emails and Scam Sites

FTX Issues Fresh Warning on Phishing Emails and Scam Sites

FTX issues a fresh warning about phishing emails and scam sites mimicking its Debtors' portal. The alert, dated October 5, 2023, comes amid industry-wide concerns about phishing attacks, including a recent warning from Binance CEO Changpeng Zhao.

Etherscan Acquired Solana to Enhance Services and Ensure Fair Blockchain Data Access

Etherscan Acquired Solana to Enhance Services and Ensure Fair Blockchain Data Access

Etherscan's acquisition of Solscan marks a strategic expansion in blockchain exploration, promising enhanced services, innovation, and industry growth.

Sushiswap Co-Founder 0xmaki Steps Down from Project Lead as DEX Exchange Begins New Chapter

Sushiswap Co-Founder 0xmaki Steps Down from Project Lead as DEX Exchange Begins New Chapter

Sushiswap Co-Founder 0xmaki has stepped down as project lead when the decentralized exchange struggles to navigate challenges of scams.

Dutch Authority Seizes €12 Million in Gambling Platform Scam Investigation

Dutch Authority Seizes €12 Million in Gambling Platform Scam Investigation

The FIOD has arrested four people and seized €12 million in an investigation into a major online gambling platform scam.

Polkadot's JAM: Dr. Gavin Wood's Next Step in Blockchain Scalability

Polkadot's JAM: Dr. Gavin Wood's Next Step in Blockchain Scalability

Dr. Gavin Wood, co-founder of Ethereum, is taking blockchain scalability to the next level with his creation of JAM, following his previous project, Polkadot.

NVIDIA Uses Generative AI to Streamline CVE Analysis at an Enterprise Scale

NVIDIA Uses Generative AI to Streamline CVE Analysis at an Enterprise Scale

NVIDIA is leveraging generative AI to streamline the process of scanning and patching software vulnerabilities at an enterprise scale.

Bitcoin (BTC) Scalability Solutions: An In-depth Analysis

Bitcoin (BTC) Scalability Solutions: An In-depth Analysis

An in-depth analysis of Bitcoin scalability solutions including Lightning Network and zero-knowledge rollups.

NVIDIA Holoscan SDK Integrates OpenCV for Enhanced AI Sensor Processing

NVIDIA Holoscan SDK Integrates OpenCV for Enhanced AI Sensor Processing

NVIDIA integrates OpenCV into Holoscan SDK for zero-copy AI sensor processing.

Anyscale Introduces Multi-Tenant Serve Applications with Containerized Runtime Environments

Anyscale Introduces Multi-Tenant Serve Applications with Containerized Runtime Environments

Anyscale unveils multi-tenant serve applications using runtime environments as containers, enhancing efficiency and reducing operational complexity.

Unveiling Scammer Tactics: 'Too Good to Be True' in The Guardian Papers

Unveiling Scammer Tactics: 'Too Good to Be True' in The Guardian Papers

The Guardian Papers explore the tactics scammers use, emphasizing the dangers of offers that seem too good to be true. Learn how to protect yourself and your community.

Grayscale Highlights Key Crypto Sector Trends in Q3 2024

Grayscale Highlights Key Crypto Sector Trends in Q3 2024

Grayscale's latest research report reveals significant trends in the cryptocurrency market for Q3 2024, analyzing key sectors and their performance.

Anyscale Introduces New Replica Compaction to Optimize Resource Usage

Anyscale Introduces New Replica Compaction to Optimize Resource Usage

Anyscale launches Replica Compaction to address resource fragmentation, enhancing resource utilization and reducing costs for Ray Serve deployments.

NVIDIA RTX's AI-Powered Upscaling Revolutionizes Video Quality

NVIDIA RTX's AI-Powered Upscaling Revolutionizes Video Quality

Discover how NVIDIA RTX's AI-powered upscaling enhances video quality by de-artifacting and upscaling content to 4K, improving streaming experiences.

Stellar (XLM) Introduces State Archival to Combat Blockchain State Bloat

Stellar (XLM) Introduces State Archival to Combat Blockchain State Bloat

Stellar (XLM)'s State Archival aims to address blockchain state bloat, enhancing scalability, transaction speed, and cost-efficiency.

Tezos X: Unveiling the Future of Modular Blockchain Design

Tezos X: Unveiling the Future of Modular Blockchain Design

Tezos X introduces a modular blockchain design, aiming for high scalability and performance. Key advancements include Smart Rollups and enhanced interoperability.

Stellar (XLM) vs. Solana: A Comparative Analysis of State Archival Scalability

Stellar (XLM) vs. Solana: A Comparative Analysis of State Archival Scalability

Explore the scalability of State Archival on Stellar (XLM) and Solana's Avocado. Detailed analysis of network efficiency and congestion issues.

Chainalysis Launches Operation Spincaster to Combat Crypto Scams

Chainalysis Launches Operation Spincaster to Combat Crypto Scams

Chainalysis has introduced Operation Spincaster, a collaborative initiative aimed at disrupting and preventing crypto scams through public and private sector cooperation.

Dima Romanov Discusses the Future of Layer 2 Blockchains on Public Key Podcast

Dima Romanov Discusses the Future of Layer 2 Blockchains on Public Key Podcast

Dima Romanov, Co-Founder of Layer N, discusses the future of Layer 2 blockchains, scalability, and performance improvements in a podcast episode.

Comprehensive Insights: Your Ethereum (ETH) Questions Answered by Grayscale

Comprehensive Insights: Your Ethereum (ETH) Questions Answered by Grayscale

Grayscale addresses key Ethereum (ETH) questions, covering topics like blockchain technology, investment potential, and future prospects.

Anyscale and MongoDB Collaborate to Enhance Multi-Modal Search

Anyscale and MongoDB Collaborate to Enhance Multi-Modal Search

Anyscale and MongoDB join forces to revamp multi-modal search, offering scalable solutions and improved search relevance for e-commerce platforms.

NVIDIA Unveils VISTA-3D NIM Microservice for Advanced CT Scan Analysis

NVIDIA Unveils VISTA-3D NIM Microservice for Advanced CT Scan Analysis

NVIDIA introduces VISTA-3D NIM microservice, enhancing CT scan analysis with advanced organ and disease segmentation capabilities.

Sui Community Fights Scams with Sui Guardians Initiative

Sui Community Fights Scams with Sui Guardians Initiative

The Sui community launches Sui Guardians to combat scams and enhance user security, led by Suiet and the Sui Foundation.

Bitcoin (BTC) Heads to Washington in July 2024

Bitcoin (BTC) Heads to Washington in July 2024

Bitcoin (BTC) is set to make a significant impact in Washington this July 2024, according to Grayscale's latest market commentary.

Grayscale Reports Market Volatility Amid Late Summer Storms

Grayscale Reports Market Volatility Amid Late Summer Storms

Grayscale's latest market commentary highlights the impact of late summer storms on market volatility, as reported on August 8, 2024.

NVIDIA Unveils AI-Enabled Holoscan Platform for Live Media Applications

NVIDIA Unveils AI-Enabled Holoscan Platform for Live Media Applications

NVIDIA introduces Holoscan for Media, an AI-driven platform allowing live video pipelines to run on the same infrastructure as AI, enhancing live media applications.

Gala Games Issues Community Warning Amid Rising Scams

Gala Games Issues Community Warning Amid Rising Scams

Gala Games warns its community about increasing scams targeting digital communities, highlighting the importance of vigilance and robust security practices.

Anyscale Explores Direct Preference Optimization Using Synthetic Data

Anyscale Explores Direct Preference Optimization Using Synthetic Data

Anyscale's latest blog post delves into Direct Preference Optimization (DPO) with synthetic data, highlighting its methodology and applications in tuning language models.

Injective (INJ) Achieves Major Performance Milestone with 0.65-Second Block Times

Injective (INJ) Achieves Major Performance Milestone with 0.65-Second Block Times

Injective (INJ) slashes block times to 0.65 seconds, setting new standards in blockchain performance and scalability.

Crypto Scams Surge in 2024: ASIC Cracks Down on Fraudulent Schemes

Crypto Scams Surge in 2024: ASIC Cracks Down on Fraudulent Schemes

The rise in crypto scams in 2024 underscores the need for vigilance in the Web3 space, according to the Australian Securities and Investments Commission (ASIC).

Keerti Melkote Takes Helm as CEO of Anyscale Amidst Rapid Growth

Keerti Melkote Takes Helm as CEO of Anyscale Amidst Rapid Growth

Anyscale has appointed Keerti Melkote as CEO, following significant growth driven by the adoption of its Ray platform in the AI sector.

Startups Urged to Hire Recruiters Early for Optimal Growth

Startups Urged to Hire Recruiters Early for Optimal Growth

Startups are encouraged to hire recruiters among their first ten employees to ensure successful scaling and avoid common pitfalls.

Hong Kong Monetary Authority Warns Public About Impersonation Scam

Hong Kong Monetary Authority Warns Public About Impersonation Scam

The Hong Kong Mortgage Corporation Limited (HKMC) alerts the public to an impersonation scam involving fake loan offers and a fraudulent website.

In-Depth Analysis of the Ethereum (ETH) Ecosystem by Grayscale

In-Depth Analysis of the Ethereum (ETH) Ecosystem by Grayscale

Grayscale's latest report provides an in-depth analysis of the Ethereum (ETH) ecosystem, authored by Zach Pandl and Michael Zhao.

NVIDIA Reports Record Q2 Fiscal 2025 Revenue with Strong Data Center Growth

NVIDIA Reports Record Q2 Fiscal 2025 Revenue with Strong Data Center Growth

NVIDIA announces record Q2 fiscal 2025 revenue, driven by strong demand in data centers and significant growth in earnings per share.

Chainalysis Report Reveals Surge in China-Based CSAM Networks and Crypto Scams in 2024

Chainalysis Report Reveals Surge in China-Based CSAM Networks and Crypto Scams in 2024

Chainalysis' mid-year update highlights a rise in China-based CSAM networks and evolving crypto scams, including the notorious pig butchering schemes.

Celestia Aims to Revolutionize Blockchain with 1 GB Blocks

Celestia Aims to Revolutionize Blockchain with 1 GB Blocks

Celestia announces its roadmap to scale blockchain data throughput to 1 GB blocks, aiming to drastically improve the performance and scalability of decentralized applications.

Grayscale Bitcoin Trust (GBTC) Registers with SEC Amid Market Volatility

Grayscale Bitcoin Trust (GBTC) Registers with SEC Amid Market Volatility

Grayscale Bitcoin Trust (GBTC) files SEC registration, transitioning to NYSE Arca listing amid ongoing market volatility and evolving digital asset landscape.

Ethereum Post-Merge: Successes and Challenges Explored

Ethereum Post-Merge: Successes and Challenges Explored

Two years after Ethereum's Merge, the network faces scalability and fee challenges despite environmental benefits.

Binance Announces Dubai Escape Promotion with 60,000 FDUSD in Rewards

Binance Announces Dubai Escape Promotion with 60,000 FDUSD in Rewards

Binance launches Dubai Escape promotion, offering up to 60,000 FDUSD in token vouchers and a 2,000 FDUSD travel voucher for traders in MENA and South Asia regions.

Grayscale (GBTC) Highlights Crypto Market Trends for Q4 2024

Grayscale (GBTC) Highlights Crypto Market Trends for Q4 2024

Grayscale's latest research report delves into the crypto market trends for Q4 2024, analyzing the performance of digital assets and the impact on GBTC.

NVIDIA Holoscan Enhances Real-Time Surgical Guidance Through Multi-Modal Imaging

NVIDIA Holoscan Enhances Real-Time Surgical Guidance Through Multi-Modal Imaging

NVIDIA Holoscan, in collaboration with ImFusion, advances surgical precision by integrating multi-modal imaging for real-time guidance in minimally invasive procedures.

Exploring Ethereum's Future: The Surge and Scalability

Exploring Ethereum's Future: The Surge and Scalability

Vitalik Buterin discusses Ethereum's potential future with 'The Surge', focusing on scalability and decentralization through sharding and rollups, aiming for 100,000+ TPS.

HKMA Warns Against Fraudulent Websites Targeting Bank Julius Baer Clients

HKMA Warns Against Fraudulent Websites Targeting Bank Julius Baer Clients

The Hong Kong Monetary Authority alerts the public about fraudulent websites and phishing messages impersonating Bank Julius Baer, urging caution and reporting of suspicious activities.

Address Poisoning Scams: A Growing Threat in the Crypto World

Address Poisoning Scams: A Growing Threat in the Crypto World

Address poisoning scams are emerging as a significant threat in the crypto space, targeting high-value users by mimicking frequent transaction addresses.

Exploring Scalability Challenges and Innovations in Web3 Networks

Exploring Scalability Challenges and Innovations in Web3 Networks

Scalability is crucial for the growth of decentralized networks in the Web3 era. Discover the challenges and innovations driving blockchain scalability, including solutions like GalaChain.

EOS Unveils 2024-2025 Roadmap with Focus on Interoperability and Scalability

EOS Unveils 2024-2025 Roadmap with Focus on Interoperability and Scalability

EOS has announced its roadmap for 2024-2025, emphasizing scalability, developer efficiency, and cross-chain interoperability through significant upgrades across its ecosystem.

Anyscale and Astronomer Collaborate to Enhance Scalable Machine Learning

Anyscale and Astronomer Collaborate to Enhance Scalable Machine Learning

Anyscale partners with Astronomer to streamline machine learning workflows using Apache Airflow and Ray, enhancing scalability and efficiency for data teams.

Anthropic Advocates for Targeted AI Regulation Amid Rapid Advancements

Anthropic Advocates for Targeted AI Regulation Amid Rapid Advancements

Anthropic stresses the need for targeted AI regulation to harness benefits while mitigating risks, as AI capabilities grow rapidly. The company outlines its Responsible Scaling Policy as a model for proactive safety measures.

PlexCoin Founder Indicted by US Grand Jury for 2017 ICO Securities Fraud

PlexCoin Founder Indicted by US Grand Jury for 2017 ICO Securities Fraud

A United States grand jury indictment has been delivered to Plexcoin founder, Dominic Lacroix, as well as Yan Ouellet and Sabrina Paradis-Royer for securities and wire fraud, and conspiracy to launder money, according to the DOJ.

BTC Institutional Investor Base Now Targeting Ethereum (ETH), says Grayscale Managing Director

BTC Institutional Investor Base Now Targeting Ethereum (ETH), says Grayscale Managing Director

Michael Sonnenshein, the managing director at Grayscale Investment LLC, has disclosed that Ethereum is one of the cryptocurrencies that people are looking at for investment.

Polygon Announces Beta Launch of Zero-Knowledge Ethereum Virtual Machine

Polygon Announces Beta Launch of Zero-Knowledge Ethereum Virtual Machine

Polygon's zkEVM Ethereum scaling solution will deploy on mainnet beta March 27.

Grayscale's Parent Company DCG Plans to Purchase $50M Shares of Ethereum Classic Trust

Grayscale's Parent Company DCG Plans to Purchase $50M Shares of Ethereum Classic Trust

Digital Currency Group (DCG), the parent company of the cryptocurrency asset management company Grayscale, announced the firm will buy Grayscale Ethereum Classic Trust shares with a total value of $50 million.

Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon

Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon

A leaked trove of US official documents revealed that five major banks were involved in illicit transactions pertaining to mobsters and crypto Ponzi schemes.

Arbitrum DAO Approves Additional Funding for STIP Proposals

Arbitrum DAO Approves Additional Funding for STIP Proposals

Arbitrum Decentralized Autonomous Organization approves $23.4 million budget increase for STIP, supporting emerging builders and creating welcoming environment for new projects, raising total budget to 71.4 million ARB tokens.

Public Companies Now Hold Almost $7 Billion Worth Of Bitcoin

Public Companies Now Hold Almost $7 Billion Worth Of Bitcoin

At the time of writing, there is almost $7 billion of Bitcoin currently held by 13 publicly listed companies, notably MicroStrategy, Square, Galaxy Digital and Grayscale.

Cryptos Confiscated from $4.2 Billion PlusToken Scam Likely Sold by Chinese Police, says Journalist Colin Wu

Cryptos Confiscated from $4.2 Billion PlusToken Scam Likely Sold by Chinese Police, says Journalist Colin Wu

China’s crypto journalist Colin Wu believes that Chinese police have sold cryptocurrencies seized from the $4.2 billion PlusToken Ponzi crackdown.

Grayscale Bitcoin Survey Reveals More Than 50% of US Investors Are BTC Hungry, Clear Crypto Regulations May Onboard More

Grayscale Bitcoin Survey Reveals More Than 50% of US Investors Are BTC Hungry, Clear Crypto Regulations May Onboard More

Grayscale’s Bitcoin Investor Study revealed that Bitcoin interest and knowledge among investors have been steadily growing this year, accelerated by COVID-19.

Binance Co-Founder Yi He Issues Scam Alert on Telegram Impersonation

Binance Co-Founder Yi He Issues Scam Alert on Telegram Impersonation

Yi He of Binance cautions users against Telegram impersonators discussing investments, highlighting vulnerabilities in platform usernames.

Grayscale Investments Opens Trading for Grayscale Bitcoin Cash and Litecoin Trusts

Grayscale Investments Opens Trading for Grayscale Bitcoin Cash and Litecoin Trusts

Grayscale Investments, the world’s largest digital currency asset manager has opened public trading for two prominent altcoins, Bitcoin Cash and Litecoin.

Crypto Scams Took in More Than $30 Million in Taiwan in 2019

Crypto Scams Took in More Than $30 Million in Taiwan in 2019

Blockchain and cryptocurrency investment scams have risen and have reached $900 million New Taiwan dollars ($30 million) in Taiwan last year, according to Gao Hongan, a political figure in the country.

Grayscale Launches New Entity to Manage Growing Funds

Grayscale Launches New Entity to Manage Growing Funds

Cryptocurrency asset manager Grayscale Investments has launched a new entity, the Grayscale Funds Trust, to manage its publicly traded financial products in-house. The company has also filed a registration statement for three new cryptocurrency-focused ETFs, including a Bitcoin Composite ETF, Ethereum Futures ETF, and a Privacy ETF.

Grayscale Files for Three New Crypto ETFs

Grayscale Files for Three New Crypto ETFs

Grayscale Investments has filed a registration statement with the SEC for three new cryptocurrency-focused ETFs, including a Bitcoin Composite ETF, Ethereum Futures ETF, and a Privacy ETF. Grayscale also announced the launch of its Grayscale Funds Trust to manage its publicly traded financial products in-house.

Kraken Donates $100K to Cryptocurrency Think Tank Coin Center, Following Grayscale’s Footsteps

Kraken Donates $100K to Cryptocurrency Think Tank Coin Center, Following Grayscale’s Footsteps

Kraken crypto exchange has applauded Coin Center for the crypto research institute has played in furthering the cryptocurrency industry.

Blockchain Technology Powers Brazil's National Identity Card Issuance

Blockchain Technology Powers Brazil's National Identity Card Issuance

Brazil has commenced the use of blockchain technology for issuing the National Identity Card (CIN) to enhance security and data integrity in the new identity issuance process. The initial phase begins in three states with a nationwide deadline set for November 6, 2023. This move is part of Brazil's broader initiative towards leveraging blockchain for public service improvement, aligning with global trends of digital identity verification.

Reddit to Discontinue Blockchain-Based Community Points Program

Reddit to Discontinue Blockchain-Based Community Points Program

Reddit is discontinuing its blockchain-based Community Points program due to scalability issues, moving towards more scalable rewards programs. Despite initial promise, high transaction fees and bandwidth limitations on Ethereum led to a transition to Arbitrum Nova in 2022. However, scaling challenges persisted, prompting the phase-out by early November 2021. The termination caused a significant drop in associated token values. Reddit now focuses on other community incentive programs like the Moderator Rewards Program and the Contributor Program.

Ethereum Layer 2s See Surge in Popularity in Q1 2023

Ethereum Layer 2s See Surge in Popularity in Q1 2023

Alchemy's Q1 2023 report shows Ethereum layer 2 networks, including Optimism, Arbitrum and Polygon, saw a 44% increase in bridged crypto assets compared to Q4 2022, and a 518% increase compared to Q1 2022. The report suggests this growth may have been driven by successful airdrops from Optimism and Arbitrum. Additionally, the deployment of smart contracts related to layer 2s increased by 160% compared to Q1 2022, despite a 30% decrease from Q4 2022.

Digital Currency Group Lands $600M Debt Funding

Digital Currency Group Lands $600M Debt Funding

Grayscale Investments’ parent company Digital Currency Group (DCG) said it has secured a $600 million credit funding, billed to power its many diverse operations.

Scaramucci's Skybridge Capital to Launch Venture Fund for Web3 & Crypto Investments

Scaramucci's Skybridge Capital to Launch Venture Fund for Web3 & Crypto Investments

SkyBridge Capital is planning to unveil a dedicated venture fund that will invest in web3 and crypto companies.

FBI Arrests 2 Hackers for Ransomware and “Crypto-Jacking” Scams, 5 Chinese Suspects Still at Large

FBI Arrests 2 Hackers for Ransomware and “Crypto-Jacking” Scams, 5 Chinese Suspects Still at Large

The DoJ and the FBI seized two criminals connected to a cybercrime targeting over 100 companies in the US and abroad with ransomware, crypto jacking and more.

Beware of an Overseas Crypto Scam, Thai Regulator Stipulates

Beware of an Overseas Crypto Scam, Thai Regulator Stipulates

The Thai Securities and Exchange Commission (SEC) has discovered a crypto scam where overseas companies are involved.

Coindesk May Be Sold as Parent Company DCG Struggles

Coindesk May Be Sold as Parent Company DCG Struggles

CoinDesk may sell. Digital Currency Group (DCG), its parent firm, looks to be struggling financially. DCG has received many bids over $200 million for the media group in recent months.

Morgan Stanley Buys Up To $40 Million Worth of Grayscale Bitcoin Trust Shares

Morgan Stanley Buys Up To $40 Million Worth of Grayscale Bitcoin Trust Shares

Morgan Stanley recently bought more shares in Grayscale Bitcoin Trust to expand its allocation in Bitcoin investment. The move indicates a continued and ever-increasing position in crypto-related assets.

ZeroSync to Bring ZK-Proofs to Expedite Bitcoin Validation

ZeroSync to Bring ZK-Proofs to Expedite Bitcoin Validation

Swiss-based nonprofit, ZeroSync Association, is developing open-source tooling that enables users to validate the state of the Bitcoin network using zero-knowledge proofs (ZK-proofs) without downloading the entire blockchain. ZeroSync uses StarkWare's proprietary Zero-Knowledge Scalable Transparent Argument of Knowledge (zk-STARK) validity proofs to generate succinct ZK-proofs for the Bitcoin blockchain, promising to overhaul the process of verifying the Bitcoin blockchain, which still requires node operators to download a large amount of data to synchronize the correct state of the Bitcoin network.

Investment Fraudsters Sentenced to Over Six Years for Telecoin Crypto Scam

Investment Fraudsters Sentenced to Over Six Years for Telecoin Crypto Scam

Two fraudsters, Ross Jay and Michael Freckleton, were sentenced to over six years for a £500,000 scam involving a fictitious cryptocurrency "Telecoin."

DoJ Charges BitClub Promoter for Role in $722 Million Crypto Fraud Scheme

DoJ Charges BitClub Promoter for Role in $722 Million Crypto Fraud Scheme

A Californian man pleaded guilty for his involvement in perpetrating BitClub Network, a cryptocurrency mining scheme that generated at least $722 million.

Grayscale Goes to Court After SEC Rejects its Proposed ETF Bid

Grayscale Goes to Court After SEC Rejects its Proposed ETF Bid

The United States Securities and Exchange Commission (SEC) dashed the hopes of Grayscale Investments with a rejection of its application to convert the Grayscale Bitcoin Trust product to a full-spot Exchange Traded Fund (ETF)

Grayscale AUM up $3.4 Billion in a Week, $500 Million in a Day, GBTC 33% Premium Shows High Bitcoin Demand

Grayscale AUM up $3.4 Billion in a Week, $500 Million in a Day, GBTC 33% Premium Shows High Bitcoin Demand

Institutional-grade digital asset manager, Grayscale Investments is up $3.4 billion in assets under management (AUM) over the last week, bringing total AUM to $16.4 billion.

Solana's SOL Price Predicted to Surpass $3000 in Bullish Scenario by 2030

Solana's SOL Price Predicted to Surpass $3000 in Bullish Scenario by 2030

VanEck's analysis suggests Solana could reach significant valuation by 2030 due to its technical innovations and user-focused applications. However, challenges like financial sustainability, technical stability, and developer adoption need to be addressed for this potential.

Following Investigations in Brazil for Crypto Scams, Ronaldinho Faces Arrest for Using Fake Passport

Following Investigations in Brazil for Crypto Scams, Ronaldinho Faces Arrest for Using Fake Passport

Ronaldinho, the widely celebrated football player faces arrest for attempting to use fake passports to enter Paraguay after the scandal of his involvement in cryptocurrency scams.

Ethereum’s Zinken Testnet Launch Is a Huge Success, Buterin Says “Scalability Will Go Up” on Eth 2.0

Ethereum’s Zinken Testnet Launch Is a Huge Success, Buterin Says “Scalability Will Go Up” on Eth 2.0

Ethereum developers have finally achieved a successful testnet release with Zinken.

Hope Finance Scam Leaves Prospective DeFi Users Out of Pocket

Hope Finance Scam Leaves Prospective DeFi Users Out of Pocket

Arbitrum-based algorithmic stablecoin startup Hope Finance loses $2 million to a smart contract attack.

American Fugitive Wanted for $722 Million Crypto Scam Arrested in Indonesia for Child Sex Offenses

American Fugitive Wanted for $722 Million Crypto Scam Arrested in Indonesia for Child Sex Offenses

An American fraud fugitive wanted by the US Federal Bureau of Investigation (FBI) for a $722 million cryptocurrency scam has been nabbed in Jakarta, Indonesia, for child sex crimes.

Investors Enjoy Growing Enthusiasm & Popularity of Bitcoin: Grayscale's Study

Investors Enjoy Growing Enthusiasm & Popularity of Bitcoin: Grayscale's Study

A recent survey conducted by Grayscale Investments, a Digital Currency Group (DCG) owned crypto asset manager has revealed the growing enthusiasm and popularity of Bitcoin as an investable asset class.

3 Website Operators Lured Romance-Seeking Victims Into Their Fraud

3 Website Operators Lured Romance-Seeking Victims Into Their Fraud

Three website operators lured romance seekers with their bogus bitcoin investment scam.

Ripple Files Lawsuit Against YouTube Over Cryptocurrency Investment Scam

Ripple Files Lawsuit Against YouTube Over Cryptocurrency Investment Scam

Ripple crypto firm has hit YouTube with a lawsuit accusing the streaming platform of failing to take action against crypto scams that impersonate the cryptocurrency company.

Fantom (FTM) Foundation CEO Reveals Exciting Plans for Sonic's Launch and Future Development

Fantom (FTM) Foundation CEO Reveals Exciting Plans for Sonic's Launch and Future Development

Michael Kong, CEO of Fantom Foundation, has unveiled the highly anticipated launch of Sonic, a groundbreaking blockchain technology that promises unparalleled scalability and security. With plans to create a shared sequencer for L1 and L2 chains and introduce simplified staking and liquid staking support, the Fantom team is poised to revolutionize the world of blockchain. Stay tuned for more exciting updates and partnerships in the coming weeks.

Polygon Co-Founder Proposes zk-Powered ApeChain

Polygon Co-Founder Proposes zk-Powered ApeChain

A proposal for developing a dedicated Layer-2 chain, ApeChain, to support ApeCoin ecosystem’s growth was made within the ApeCoin DAO community by Sandeep Nailwal of Polygon Labs. The initiative aims to solve scalability issues and promote ApeCoin-integrated projects through a collaborative effort between ApeCoin DAO and Polygon Labs. Estimated at an annual cost of $200,000 funded by ApeCoin DAO, the proposal garnered support as well as raised concerns and queries from the community regarding its financial, technical, and strategic aspects.

Ethereum Devs Launch Spadina Testnet, What Needs to be Perfected for ETH 2.0?

Ethereum Devs Launch Spadina Testnet, What Needs to be Perfected for ETH 2.0?

Ethereum developers have launched a short-term testnet, dubbed Spadina, in preparation for Ethereum 2.0 mainnet.

Cardano Founder Charles Hoskinson Addresses an Alleged ADA Scam in China

Cardano Founder Charles Hoskinson Addresses an Alleged ADA Scam in China

Scammers are capitalizing on the recent success of Cardano’s native altcoin, ADA, and using it for their own personal gain. For the first time in over a year, ADA has moved above $0.10, and has picked up by over 200 percent.

Grayscale's 33% GBTC Premium Signals “Outrageous” Institutional Demand For Bitcoin, says Willy Woo

Grayscale's 33% GBTC Premium Signals “Outrageous” Institutional Demand For Bitcoin, says Willy Woo

Grayscale Bitcoin Trust's (GBTC) premium on Bitcoin has risen to 33%, indicating “outrageous demand” for BTC from institutional investors as its price consolidates at $23,000.

Scallop Protocol Secures $3 Million Funding

Scallop Protocol Secures $3 Million Funding

Scallop Protocol, a leading DeFi platform on Sui Network, successfully raises $3M in strategic investment round for expansion.

Investors Need to Accept the Trajectory and Level of Volatility in Bitcoin, Says SkyBridge Capital Founder

Investors Need to Accept the Trajectory and Level of Volatility in Bitcoin, Says SkyBridge Capital Founder

Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications director, believes that as Bitcoin (BTC) continues being widely adopted, investors ought to accept the trajectory and level of volatility in the leading cryptocurrency.

Grayscale Launches New Crypto Dealer as Genesis Got Incapacitated With 3AC Bankruptcy

Grayscale Launches New Crypto Dealer as Genesis Got Incapacitated With 3AC Bankruptcy

Grayscale Investments, one of the largest asset managers in the digital currency ecosystem has launched a new broker-dealer dubbed Grayscale Securities, recent filings with the United States Securities and Exchange Commission show

NFT project was actually a "social experiment" designed to shed light

NFT project was actually a "social experiment" designed to shed light

Little Shapes' creator said he lied about his past to promote his exposé.

SkyBridge Capital Achieves Record Year with Crypto Investments, Scaramucci Foresees Bright Future for Bitcoin

SkyBridge Capital Achieves Record Year with Crypto Investments, Scaramucci Foresees Bright Future for Bitcoin

Anthony Scaramucci's SkyBridge Capital records its best year in 2023 with a 130% rise in crypto investments, primarily in Bitcoin, Ethereum, and Solana. Scaramucci predicts Bitcoin will surpass its all-time high, bolstered by the recent approval of Bitcoin ETFs by the SEC.

Grayscale Announces the Launch of its Diversified Crypto Investment System for Trading

Grayscale Announces the Launch of its Diversified Crypto Investment System for Trading

Grayscale Investments, the American-based crypto management fund, announced a plan to launch its diversified crypto investment system for trading. This investment product is known as Grayscale Digital Large Cap Fund (GDLCF), and trading will begin in no distant time with access to US securities.

Ethereum's Dencun Upgrade: Catalyst for Ecosystem Expansion and Price Surge in 2024

Ethereum's Dencun Upgrade: Catalyst for Ecosystem Expansion and Price Surge in 2024

The Ethereum network is poised for significant growth in 2024, thanks to the Dencun Upgrade, which aims to enhance network efficiency, scalability, and decrease transaction costs.

Vitalik Buterin Announces Ethereum's Upcoming Milestones: Verkle Trees and History Expiry

Vitalik Buterin Announces Ethereum's Upcoming Milestones: Verkle Trees and History Expiry

Ethereum's network takes a major leap in scalability with the completion of the "Basic rollup scaling" milestone, paving the way for verkle trees and history expiry.

First Bitcoin Mixer Slapped with $60M Fine by FinCEN in Money Laundering Crackdown

First Bitcoin Mixer Slapped with $60M Fine by FinCEN in Money Laundering Crackdown

FinCEN charged a Bitcoin-mixing operator with a $60 million civil money penalty for violating anti-money laundering regulations.

Grayscale Predicts Bitcoin Price and Use-Cases to Increase as Economic Inflation Accelerates

Grayscale Predicts Bitcoin Price and Use-Cases to Increase as Economic Inflation Accelerates

Grayscale believes that the US floating the economy with aggressive quantitative easing has seen Bitcoin investors convert to long-term holders

U.S. Seizes $1.4M in Tether Linked to Tech Support Scam Targeting Elderly

U.S. Seizes $1.4M in Tether Linked to Tech Support Scam Targeting Elderly

The U.S. Attorney's Office in Chicago has seized approximately $1.4 million in Tether (USDT) linked to an alleged tech support scam that primarily targeted elderly victims across the United States.

Studying Bitcoin Always Lead to Investing in it: Skybridge Capital CEO

Studying Bitcoin Always Lead to Investing in it: Skybridge Capital CEO

Scaramucci pointed out that those who do their homework by studying cryptocurrency are always fascinated by its potential and invest in it.

Grayscale Bitcoin Trust Purchases another 10,000 BTC, Surpassing $22 Billion in AUM

Grayscale Bitcoin Trust Purchases another 10,000 BTC, Surpassing $22 Billion in AUM

Grayscale Bitcoin Trust has gone from $3 billion in assets under management (AUM) to around $22.9 billion now.

Grayscale's Court Victory Influences SEC's Landmark Approval of Bitcoin ETFs

Grayscale's Court Victory Influences SEC's Landmark Approval of Bitcoin ETFs

The U.S. SEC, under Chair Gary Gensler, has approved several spot Bitcoin ETFs, a significant regulatory shift influenced by a court victory by Grayscale. This decision marks a new era in cryptocurrency regulation, signaling greater acceptance and potential mainstream adoption of digital assets.

Trezor Wallet Investigating Potential Email Phishing Campaign

Trezor Wallet Investigating Potential Email Phishing Campaign

In yet another spate of attacks on prominent digital currency entities and hardware wallets, Trezor has issued a note of caution to its community of users about a potential phishing campaign it is currently investigating.

Twitter Massive Hack Attack Traced Back to Crypto Wallet Using BitPay and Coinbase

Twitter Massive Hack Attack Traced Back to Crypto Wallet Using BitPay and Coinbase

In the massive Bitcoin scheme that happened earlier this week, reputed coin exchanges such as Binance, Gemini, and Coinbase were targeted by crypto scammers, and officials have been hard at work investigating the digital trail that may lead back to the crypto scammers.

Senator Warren Focuses on Crypto Scam Risks for Seniors, Advocates New Legislation

Senator Warren Focuses on Crypto Scam Risks for Seniors, Advocates New Legislation

Senator Warren emphasized the Digital Asset Anti-Money Laundering Act, gaining bipartisan support to regulate crypto activities and protect vulnerable populations from financial fraud.

Crypto Investors Unable to Access Their Money: 8 Things to Consider Before Investing in Cryptocurrency

Crypto Investors Unable to Access Their Money: 8 Things to Consider Before Investing in Cryptocurrency

On Tuesday, the News York Times reported about frustrated crypto investors demanding their money back. But things are thick than expected. The situation reflects similar cases in which many cryptocurrency investors frequently fall into trap each year. The article, therefore, highlights important things that crypto investors should think about before investing in cryptocurrency.

GBTC's Discount to NAV Hits New Record Low after SEC Declining its Bitcoin Spot ETF Application

GBTC's Discount to NAV Hits New Record Low after SEC Declining its Bitcoin Spot ETF Application

Grayscale’s flagship product GBTC has continued to widen its discount. The discount signals the poor performance of the Bitcoin fund. As a solution, Grayscale wants to convert the GBTC into a spot Bitcoin ETF.

Billionaire Investor Tim Draper: Why Millennials Should Consider Investing in Bitcoin

Billionaire Investor Tim Draper: Why Millennials Should Consider Investing in Bitcoin

The future of Bitcoin remains a hot topic. Billionaire venture capitalist, Tim Draper, calls Bitcoin as the way of the future. Draper had a recent interview with Foxbusiness, a session whereby he advised millennials that if they really want to retire rich, then they need to invest in Bitcoin.

SEC Considers Filecoin a Security, Grayscale Disagrees

SEC Considers Filecoin a Security, Grayscale Disagrees

According to the SEC, Grayscale's Filecoin Trust's underlying asset, Filecoin (FIL), should be classified as a security under federal securities laws. The regulatory body's viewpoint has sparked a dispute, as Grayscale holds a differing opinion on the matter.

Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem

Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem

Curve Finance's new MIM/crvUSD liquidity pool on Arbitrum marks a significant advancement in DeFi, offering enhanced liquidity and user experience. This strategic move leverages Arbitrum's layer 2 capabilities for faster, cost-effective transactions, underlining Curve's commitment to innovation and community-driven governance.

Long-term Dormant Ethereum ICO Participant Activates $3.2 Million Worth of ETH

Long-term Dormant Ethereum ICO Participant Activates $3.2 Million Worth of ETH

An Ethereum ICO participant re-emerged after 8.2 years of inactivity, transferring 2,000 ETH ($3.2 million) to four different addresses on October 21, 2023. Acquired at a mere $620 at the Ethereum Genesis, this move not only underscores Ethereum's substantial price appreciation but also hints at potential market dynamics as long-dormant assets re-enter circulation. The transaction could signal various intents, from cashing out to redistributing or reinvesting the holdings, each with its own set of implications for the Ethereum market.

Etherscan Made 100% Inaccessible by China's Great Firewall

Etherscan Made 100% Inaccessible by China's Great Firewall

Etherscan.io, one of the most widely used Ethereum block explorers, was found to be inaccessible from IP addresses inside of mainland China. According to the tests performed locally, the country’s Great Firewall, which is used by the government to regulate citizens’ access to foreign internet sites has blocked the Ethereum blockchain data site.

eToro Sees More Bitcoin Demands Than Supply, Set To Ration Bitcoin Sales

eToro Sees More Bitcoin Demands Than Supply, Set To Ration Bitcoin Sales

eToro has noted that it has more demand for Bitcoin (BTC) than its current supply can support and the possibility of rationing sales is high

Bitcoin Price Bull Run Sees Grayscale Investments add $300M AUM in One Day

Bitcoin Price Bull Run Sees Grayscale Investments add $300M AUM in One Day

Grayscale Investments CEO Barry Silbert has announced a breathtaking increase of $300 million in AUM after a single day this week as Bitcoin went on its $13K bull run.

MicroStrategy's Bitcoin Investment Earns $103 Million with ROI of 24.3% in the Last 79 Days

MicroStrategy's Bitcoin Investment Earns $103 Million with ROI of 24.3% in the Last 79 Days

Bitcoin's price is currently around $13.8K. Since Aug. 11, with Microstrategy's purchase of Bitcoin, the company has earned $2.7k per BTC for a total of $103 million.

Charles Hoskinson Proposes Solution to Fix Twitter’s Problem, Taking Digital Identity to the Blockchain Age

Charles Hoskinson Proposes Solution to Fix Twitter’s Problem, Taking Digital Identity to the Blockchain Age

With the recent Twitter hack, implicating individuals including Elon Musk, Bill Gates, Joe Biden, and a few others, Cardano founder Charles Hoskinson spoke about the issue in his most recent Whiteboard video.

A16z Crypto Introduces Jolt zkVM for Blockchain Scaling

A16z Crypto Introduces Jolt zkVM for Blockchain Scaling

Andreessen Horowitz (A16z) Crypto has introduced Jolt, a zero-knowledge solution that integrates SNARKs, enabling faster SNARK-based Layer 2 solutions and enhanced security for developers.

US SEC Rejects One River Spot Bitcoin ETF Application

US SEC Rejects One River Spot Bitcoin ETF Application

The United States Securities and Exchange Commission (SEC) has rejected the spot Bitcoin Exchange Traded Fund (ETF) Application filed by One River Asset Management

US Senator Demands Answers from Twitter Over Massive Bitcoin Hack Incident

US Senator Demands Answers from Twitter Over Massive Bitcoin Hack Incident

US senator Josh Hawley has urged Twitter to cooperate with fed agencies and take necessary measures to secure the social media site before the cyber hacking accounts of celebrities, politicians, technology moguls, and major firms in an apparent Bitcoin scam expands further.

Web3 Security CertiK X Account Compromised in Phishing Scam

Web3 Security CertiK X Account Compromised in Phishing Scam

CertiK, a blockchain security firm, suffered a cyber attack on its X account, leading to phishing scams, raising concerns about crypto security vulnerabilities and sophisticated social engineering tactics.

Celsius Denies Allegation of CEO Leaving US

Celsius Denies Allegation of CEO Leaving US

Celsius Network has denied its CEO's leaving from the US, claiming that all related allegations are false. Alex Mashinsky was reportedly stopped by authorities, amid insolvency rumours about his company.

Intel to Discontinue Blockscale Bitcoin Mining Chips

Intel to Discontinue Blockscale Bitcoin Mining Chips

Intel plans to cut costs by discontinuing its Blockscale Bitcoin mining chips, with the company stopping orders for the ASICs by Oct. 20 and ending shipping roughly in April 2024. Intel launched the Blockscale mining chips in April 2022 with a hash rate of up to 580 gigahash per second. The move is part of Intel's strategy to prioritize certain chips for outside customers while monitoring market opportunities in the crypto space.

Degen Zoo NFT Game Draws Huge Interest After Logan Paul's Crypto Zoo Scandal

Degen Zoo NFT Game Draws Huge Interest After Logan Paul's Crypto Zoo Scandal

Degen Zoo, an NFT game inspired by Logan Paul's controversial Crypto Zoo concept, has attracted massive interest, with over 115,000 wallets registering to join the game, pledging over $700 million. The game aims to raise awareness of the impact of capitalism on animal extinction and features a deflationary token and an NFT collection of 120 endangered species. However, the project's success follows Paul's Crypto Zoo scandal, which was criticized as a scam, leading to a class-action lawsuit accusing Paul and Crypto Zoo executives of stealing millions of dollars worth of cryptocurrency from purchasers through a fraudulent scheme.

British Army Recovers Twitter & YouTube Accounts following Crypto Scam Hack

British Army Recovers Twitter & YouTube Accounts following Crypto Scam Hack

The British Army recovered from crypto scams after hackers breached its YouTube and Twitter accounts on July 3.

Third Co-Founder of Centra Tech Pleads Guilty for $25 Million ICO Fraud

Third Co-Founder of Centra Tech Pleads Guilty for $25 Million ICO Fraud

It has recently been announced that the third co-founder of Centra Tech has agreed to plead guilty for his role in the $25 Million Initial Coin Offering (ICO) Scam his cryptocurrency firm was involved in.

Romanian Programmer Confesses to Orchestrating BitClub Crypto Scam Worth $722 Million

Romanian Programmer Confesses to Orchestrating BitClub Crypto Scam Worth $722 Million

Silviu Catalin Balaci, a 35-year old Romanian citizen living in Germany, has owned up to helping create BitClub Network, a crypto mining Ponzi scheme that siphoned off investors’ funds worth $722 million.

Crypto Scams Have Swindled At Least $1B From Nearly 50,000 People Since 2021 - FTC

Crypto Scams Have Swindled At Least $1B From Nearly 50,000 People Since 2021 - FTC

Despite crypto penetrating the masses from Bitcoin ATMs to Super Bowl ads, scams in this sector have been going through the roof because more than $1 billion has been lost since 2021, according to a study by the Federal Trade Commission (FTC).

Ethereum’s Transaction Volume Hits a 5-Month High

Ethereum’s Transaction Volume Hits a 5-Month High

Despite Ethereum (ETH) correcting from the historic high of $4,860 attained recently, the second-largest cryptocurrency is still experiencing high transaction volume on its network.

CFTC Nabs 2 Crypto Fraudsters Involving in a $44M Ponzi Scheme

CFTC Nabs 2 Crypto Fraudsters Involving in a $44M Ponzi Scheme

Two suspected cryptocurrency fraudsters Sam Ikkurty of Portland, Oregon, and Ravishankar Avadhanam of Illinois have been charged by the United States Commodity Futures Trading Commission (CFTC) for illegally soliciting as much as $44 million through Ponzi-like scheme

Miller Opportunity Trust Says It Could Invest Up To $300 Million In Grayscale’s Bitcoin Trust

Miller Opportunity Trust Says It Could Invest Up To $300 Million In Grayscale’s Bitcoin Trust

Miller Opportunity Trust plans to invest up to $300 million, or 15% of its net assets, into the Grayscale Bitcoin Trust.

XRP staking scam

XRP staking scam

A phoney staking scheme is targeting XRP investors. XRP staking websites and emails have been faked. The swindle promises 12%–27% profits.

Arbitrum's New ArbOS 11: A Game Changer for Blockchain and Crypto

Arbitrum's New ArbOS 11: A Game Changer for Blockchain and Crypto

The recent implementation of ArbOS 11 by the Arbitrum community introduces key improvements, including EVM Shanghai support and gas efficiency enhancements, fostering optimism in the crypto market for ARB.

New Zealand Police Froze $140 Million in Assets and Crypto From Alleged BTC-e Exchange Money-Launderer Alexander Vinnik

New Zealand Police Froze $140 Million in Assets and Crypto From Alleged BTC-e Exchange Money-Launderer Alexander Vinnik

New Zealand police said they have frozen $140 million linked to Russian crypto fraud suspect, Alexander Vinnik, alleged to have been the operator of the now-defunct BTC-e crypto exchange.

Will DeFi Migrate to New Blockchain Platforms with the Surge in Ethereum Gas Prices?

Will DeFi Migrate to New Blockchain Platforms with the Surge in Ethereum Gas Prices?

The rise of DeFi in 2020 has made experts question whether Ethereum could sustain the sheer volume of transactions in the long run.

OKLink Reveals $103M Blockchain Losses in February 2024

OKLink Reveals $103M Blockchain Losses in February 2024

OKLink's February 2024 report details $103M in crypto losses, highlighting the critical need for heightened security measures.

Ripple Impersonated by Scammers in a Fraudulent “XRP Incentive Plan” Token Giveaway

Ripple Impersonated by Scammers in a Fraudulent “XRP Incentive Plan” Token Giveaway

Cryptocurrency scammers have been capitalizing on Ripple’s success by rolling out a new XRP giveaway initiative that proved to be fraudulent.

Cryptocurrency Phishing 2023: Wallet Drainers Steal $295 Million from 324,000 Victims

Cryptocurrency Phishing 2023: Wallet Drainers Steal $295 Million from 324,000 Victims

Scam Sniffer's 2023 report shows a significant rise in sophisticated crypto phishing scams, causing losses of $295 million to over 324,000 victims, highlighting ongoing industry challenges.

OKX Ventures Invests in Celestia Lab's Series B Funding for Modular Blockchain Development

OKX Ventures Invests in Celestia Lab's Series B Funding for Modular Blockchain Development

OKX Ventures has invested in Celestia Lab's Series B funding round to advance the development of the first modular blockchain network, Celestia. This investment aligns with the growing trend towards modularity in blockchain technology, aimed at overcoming scalability issues inherent in traditional Layer-1 chains. The initiative also underscores OKX Ventures’ broader commitment to fostering blockchain innovation globally.

Hackers Hungry for Bitcoin and Ether Target Indian Prime Minister Narendra Modi

Hackers Hungry for Bitcoin and Ether Target Indian Prime Minister Narendra Modi

Bitcoin and cryptocurrency hackers seized the social media account of India Prime Minister Narendra Modi today, in an effort to secure Bitcoin and Ether funds.

Tackling DeFi Scams: Making Pre-sale Ecosystems Safer

Tackling DeFi Scams: Making Pre-sale Ecosystems Safer

Investors are aware that “rug pull” scams have negatively affected the reputation of the DEFI/DEX space in recent times. But liquidity protocols could be an effective solution.

Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto

Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto

China-based crypto investors launched a cryptocurrency scam of their own, after having been defrauded themselves.

Ronaldinho's Crypto Scam: A Deep Dive into the $61 Million Controversy

Ronaldinho's Crypto Scam: A Deep Dive into the $61 Million Controversy

Ronaldinho Gaúcho, a Brazilian football icon, is under legal scrutiny for allegedly involving a cryptocurrency scam that could impact his celebrity endorsements, as his venture, '18kRonaldinho', promises daily returns of over 2%.

Peter Schiff Sends Stern Warning to Barry Silbert Over Grayscale Bitcoin Trust Price Collapse

Peter Schiff Sends Stern Warning to Barry Silbert Over Grayscale Bitcoin Trust Price Collapse

Grayscale investments’ national ad campaign has fallen on deaf ears, with shares in Grayscale’s Ethereum Trust plummets 80%. Peter Schiff sends a warning to Grayscale investments CEO Barry Silbert.

Ripple (XRP) Whale Addresses Reach New All-Time High as Price Surges, Despite Regulatory Unclarity

Ripple (XRP) Whale Addresses Reach New All-Time High as Price Surges, Despite Regulatory Unclarity

Data suggests that as the number of holders with large amounts of XRP has been rising, also contributed to the coin’s growth.

Chainalysis Exposes Southeast Asia's Human Trafficking and Scam Nexus

Chainalysis Exposes Southeast Asia's Human Trafficking and Scam Nexus

Chainalysis reveals the intertwining of human trafficking with crypto scams in Southeast Asia, highlighting the urgency to combat these digital age crimes.

Crypto Scam Revenue Has Dropped by 65% in 2022: Chainalysis

Crypto Scam Revenue Has Dropped by 65% in 2022: Chainalysis

Illicit crypto volumes have been diminishing year-over-year, with scams taking the lion’s drop share, according to a report by blockchain analytic firm Chainalysis.

Grayscale Contacts with SEC over the Securities Status of Three Trusts

Grayscale Contacts with SEC over the Securities Status of Three Trusts

Grayscale Investments, a subsidiary of the Digital Currency Group (DCG) has been in contact with a staff of the United States Securities and Exchange Commission (SEC) over the definition of the status of three of its established Trusts.

Core Scientific Posts Strong Q4 Amidst 2023 Fiscal Recovery

Core Scientific Posts Strong Q4 Amidst 2023 Fiscal Recovery

Core Scientific has announced a significant fiscal recovery for Q4 2023, with a notable increase in self-mined bitcoin and improved financial results.

Mangofarm Scandal: Solana's Blockchain Ensnared in Alleged Ponzi Scheme Ties

Mangofarm Scandal: Solana's Blockchain Ensnared in Alleged Ponzi Scheme Ties

Mangofarm, Solana blockchain, cryptocurrency scam, Banana Miner Ponzi scheme, digital currency security, blockchain fraud, crypto investment caution, Richard Matthew John O’Neill, decentralized finance, investor vigilance

ARK Invest Intensifies Investment in Robinhood

ARK Invest Intensifies Investment in Robinhood

ARK Invest, led by Bitcoin enthusiast Cathie Wood, increased its stake in Robinhood, buying 1.1 million shares worth over $9.5 million in a single day. The investment was distributed across three ARK ETFs, with ARKK acquiring the majority.

Bitcoin Is Still the Cryptocurrency to Own Despite Current Struggles, says SkyBridge Capital Founder

Bitcoin Is Still the Cryptocurrency to Own Despite Current Struggles, says SkyBridge Capital Founder

SkyBridge Capital founder Anthony Scaramucci believes that Bitcoin is still the cryptocurrency to watch because it has attained “escape velocity."

dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI

dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI

dYdX deployed $9 million from v3 insurance fund to cover YFI market liquidations, suspecting targeted attack and market manipulation. No user funds affected, insurance fund remains at $13.5 million.

Biden-Harris Administration Secures AI Commitments from Major Tech Companies

Biden-Harris Administration Secures AI Commitments from Major Tech Companies

The Biden-Harris Administration has secured voluntary commitments from eight more artificial intelligence (AI) companies to manage AI risks. The commitments emphasize safety, security, and trust, requiring AI products to undergo security testing, share information on risk management, prioritize cybersecurity, and develop mechanisms to inform users. The administration is developing an Executive Order on AI and pursuing bipartisan legislation to position America as a responsible AI developer.

Grayscale Submits Comment Letter to SEC Regarding Spot Bitcoin ETF Application

Grayscale Submits Comment Letter to SEC Regarding Spot Bitcoin ETF Application

Grayscale's legal team submitted a comment letter to the SEC, advocating for the approval of all spot bitcoin ETF applications, emphasizing fair regulation and investor protection.

Crypto Token Backed by $25M Diamond Ponzi Scam Flagged by DoJ

Crypto Token Backed by $25M Diamond Ponzi Scam Flagged by DoJ

The US Department of Justice charged a Florida native with wire fraud, for soliciting investors in a diamond-backed cryptocurrency Ponzi and investment scam.

Coinbase Rolls Out AI-Driven ERC-20 Scam Token Detection System

Coinbase Rolls Out AI-Driven ERC-20 Scam Token Detection System

Chief Legal Officer Paul Grewal unveils Coinbase's ERC-20 Scam Token Detection System, combining smart contract auditing with machine learning to tackle crypto scams. Disclosed on October 6, 2023, this initiative enhances security and trust in token listings on the platform.

Guggenheim’s Scott Minerd Says Bitcoin Price Should Rise to $400,000

Guggenheim’s Scott Minerd Says Bitcoin Price Should Rise to $400,000

Scott Minerd, Global Chief Investment Officer at Guggenheim Investments, believes that the price of Bitcoin will hit highs of around $400,000 based on its fundamental value.

Binance Research: Ethereum's Roadmap for Scalability and Decentralization

Binance Research: Ethereum's Roadmap for Scalability and Decentralization

Binance Research reports Ethereum's focus on scalability and decentralization, with Layer-2 solutions and Danksharding being key components. The transition to Proof-of-Stake in 2023 leads to a 257.7% increase in mainnet data publishing fees.

Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain

Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain

Venom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based investment fund manager Iceberg Capital Limited, has announced a strategic partnership with Everscale, a premier blockchain that aims to solve the scalability issues bogging down the Web3 industry.

Sergey Kondratenko: Scam Projects and Fraud - A Trap for Investors

Sergey Kondratenko: Scam Projects and Fraud - A Trap for Investors

In 2023, over $10 billion in U.S. consumer losses were caused by fraudulent fintech investment projects, including Ponzi Schemes, "Boiler Room" operations, insider information offers, and aggressive marketing.

AI's False Promises: CFTC Warns of Soaring Crypto Scams

AI's False Promises: CFTC Warns of Soaring Crypto Scams

The U.S. Commodity Futures Trading Commission (CFTC) alerts the public about the surge in AI-driven crypto scams, emphasizing the technology's inability to predict market trends and the dangers of misleading claims about high returns.

Sharding, pBFT and Linear Scalability - An Interview with Saiba Kataruka at Zilliqa

Sharding, pBFT and Linear Scalability - An Interview with Saiba Kataruka at Zilliqa

Saiba Kataruka is the Developer Market Lead at Zilliqa. He began his career as a consultant with IBM in the payment technology field for Asia and Europe. He joined Zilliqa based on his belief that blockchain and decentralization can improve the current social and financial structure.

Ether’s Net Issuance Dropped from Over 4% to 0.21% Last Week

Ether’s Net Issuance Dropped from Over 4% to 0.21% Last Week

Ethereum's supply continues to diminish based on the London Hardfork or EIP-1559 upgrade.

Coinbase CEO Brian Armstrong hints at Lightning integration

Coinbase CEO Brian Armstrong hints at Lightning integration

Coinbase CEO Brian Armstrong has hinted that the cryptocurrency exchange may integrate Lightning, a layer 2 scaling solution for Bitcoin. Armstrong did not provide any further details on the potential integration, which would make Coinbase one of the largest trading platforms to adopt the technology.

Decline in Crypto Crime: Insights into 2024 Trends and Challenges

Decline in Crypto Crime: Insights into 2024 Trends and Challenges

2024 sees a notable decline in crypto crimes, with hacking and scamming activities reduced. However, ransomware and darknet markets show resurgence, emphasizing the need for enhanced security and regulatory measures in the crypto industry.

CertiK: Crypto Social Media Scams Surge

CertiK: Crypto Social Media Scams Surge

CertiK discusses the growing threat of crypto scams on social media, citing a FTC report revealing over $1 billion lost in the 18 months leading to June 2022, with nearly half coming from social media interactions. It suggests preventive measures like hardware wallets and smart contract security audits.

RIFT Protocol Solves the Scalability Problems in Blockchain

RIFT Protocol Solves the Scalability Problems in Blockchain

RIFT Protocol is a potential solution that could make the scalability problem in blockchain market a thing of the past.

Apple Co-Founder Steve Wozniak Sues Google and YouTube Over Fraudulent Bitcoin Scam Videos

Apple Co-Founder Steve Wozniak Sues Google and YouTube Over Fraudulent Bitcoin Scam Videos

Legal team for Steve Wozniak, co-founder of tech powerhouse Apple, announced a lawsuit against YouTube and their parent company Google alleging that the media companies failed to take down fraudulent videos that impersonated Wozniak to drive Bitcoin funds.

Grayscale Investments Removes XRP from Its Fund and Rebalances Bitcoin, Ethereum, Litecoin, and BCH Assets

Grayscale Investments Removes XRP from Its Fund and Rebalances Bitcoin, Ethereum, Litecoin, and BCH Assets

Grayscale Investments has joined other exchanges and funds in removing its support of Ripple’s XRP token.

Singapore to Pump $8.9 Million Into National Blockchain Ecosystem

Singapore to Pump $8.9 Million Into National Blockchain Ecosystem

The Singaporean government has deployed a US$ 8.9 million national blockchain initiative dubbed the Singapore Blockchain Innovation Program (SBIP).

Kevin Rose, co-founder of Moonbirds, falls victim to phishing attack

Kevin Rose, co-founder of Moonbirds, falls victim to phishing attack

Moonbirds co-founder Kevin Rose. He lost about $1.1 million in NFTs to a phishing fraud.

South Africa Sets Year-End Licensing Deadline for Crypto Exchanges

South Africa Sets Year-End Licensing Deadline for Crypto Exchanges

According to Bloomberg, South Africa has mandated that all crypto exchanges operating within its borders must secure licenses by the end of the year. The Financial Sector Conduct Authority (FSCA), the country's financial regulator, has already received approximately 20 applications since the licensing process was initiated a few weeks ago.

Grayscale Bitcoin Trust Offers Public Access to BTC “Era of Digital Gold”

Grayscale Bitcoin Trust Offers Public Access to BTC “Era of Digital Gold”

Grayscale Bitcoin Trust is offering mainstream investors access to the newly proclaimed era of digital gold as Bitcoin evolves into a dominant store of wealth.

Crypto Investment Fraud Generates $27 Million, SEC Charges Scammers Posing as Pastors

Crypto Investment Fraud Generates $27 Million, SEC Charges Scammers Posing as Pastors

The US Securities and Exchange Commission filed a complaint against three men posing as pastors who defrauded churchgoers in a cryptocurrency Ponzi scheme.

Grayscale Taps Top Former Obama's Lawyer in Preparation for Spot BTC ETF Legal Battle

Grayscale Taps Top Former Obama's Lawyer in Preparation for Spot BTC ETF Legal Battle

In preparation for this historic verdict from the SEC, Grayscale has onboarded Donald B. Verrilli Jr as the latest member of its legal team.

Grayscale Plans to Offer More Digital Asset Products to Meet Rising Investor Demand

Grayscale Plans to Offer More Digital Asset Products to Meet Rising Investor Demand

Grayscale Investments LLC has announced plans to explore other digital assets.

CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found

CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found

US CFTC demanded that the founder of the Bitcoin cryptocurrency scam company Control-Finance pay $572 million in penalty and restitution fees for Bitcoin fraud.

ACE Exchange President Michael Wang Arrested

ACE Exchange President Michael Wang Arrested

Michael Wang, President of ACE Exchange, was recently arrested on charges of fraud and money laundering, marking a significant event in the cryptocurrency industry.

Orderly Network Pulls $20M Funding to Develop DEX Protocol

Orderly Network Pulls $20M Funding to Develop DEX Protocol

Orderly Network, a Decentralized Exchange (DEX) protocol incubated by NEAR and Woo Network has raised $20 million in venture capital funding.

Turkish Crypto Exchange Goes Bankrupt, Customers Locked Out of Their Funds

Turkish Crypto Exchange Goes Bankrupt, Customers Locked Out of Their Funds

Thodex crypto exchange has gone offline and its customer service vanished too, thus leaving users in the dark.

Nigerian Police Arrest Politician Wilfred Bonse for Involvement in Patricia Technologies Financial Fraud

Nigerian Police Arrest Politician Wilfred Bonse for Involvement in Patricia Technologies Financial Fraud

Nigeria Police Force arrests politician Wilfred Bonse for over 200 million Naira financial fraud at Patricia Technologies, three for romance scam, and USDT recovery in cryptocurrency fraud.

Grayscale Debuts First European ETF

Grayscale Debuts First European ETF

Grayscale Investments has announced the launch of its first Exchange Traded Fund (ETF) product in the European Economic Area.

US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme

US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme

US prosecutors have recently indicted a group of investment scammers who have orchestrated a cryptocurrency mining fraud following a Ponzi scheme protocol.

Why Vitalik Buterin Proposed 33% Increase in Gas Limit for Ethereum

Why Vitalik Buterin Proposed 33% Increase in Gas Limit for Ethereum

Ethereum's Vitalik Buterin proposes a 33% increase in the gas limit to improve network throughput. This first change in three years aims to balance efficiency and stability, addressing scalability.

Algorand Partners with Italian Economic Ministry to Advance Blockchain Initiatives

Algorand Partners with Italian Economic Ministry to Advance Blockchain Initiatives

The Algorand Foundation of Singapore has signed a collaboration agreement with Fondazione Ugo Bordoni aimed at testing and advancing the groundbreaking open-source technology developed by its founder Silvio Micali.

Philippines Warns the Public on Bitcoin Scammers Posing as Government Officials

Philippines Warns the Public on Bitcoin Scammers Posing as Government Officials

Finance ministry of the Philippines Government has alerted the public about false information that fraudulently uses the name of Secretary Carlos Dominguez III to promote a fake crypto trading platform recognized as “Bitcoin Revolution”.

Wilshire Phoenix Files for Publicly Traded Bitcoin-Backed Fund Approval Seeking to Challenge Grayscale’s Dominance

Wilshire Phoenix Files for Publicly Traded Bitcoin-Backed Fund Approval Seeking to Challenge Grayscale’s Dominance

The New York-based investment company, Wilshire Phoenix has filed the s-1 registration statement with the SEC for a publicly-traded Bitcoin fund in accordance with regulatory requirements.

Bitcoin Users Have Bigger Problems Than Recent Twitter Scam

Bitcoin Users Have Bigger Problems Than Recent Twitter Scam

The recent spate of Twitter scams appears to indicate that Bitcoin users will face even more sophisticated and devastating attacks in the future.

Debiex Accused of $2.3M Romance Scam by CFTC

Debiex Accused of $2.3M Romance Scam by CFTC

The CFTC has charged Debiex and Zhāng Chéng Yáng with conducting a romance scam, misleading customers to invest $2.3 million in a fraudulent scheme.

Grayscale CEO challenges SEC's denial of application

Grayscale CEO challenges SEC's denial of application

If GBTC becomes a spot BTC ETF, Grayscale Investments CEO Michael Sonnenshein stated investors will get a "few of billion dollars" back.

Intel Launches Second-Generation Bitcoin Mining Chip ‘Blockscale’

Intel Launches Second-Generation Bitcoin Mining Chip ‘Blockscale’

Intel is keen on introducing the most efficient blockchain mining chips that enable more energy efficiency and a lightning-fast mining experience.

Grayscale Has Strong Case against SEC: Chief Legal Officer

Grayscale Has Strong Case against SEC: Chief Legal Officer

A legal official of Grayscale Investment said the company has confidence in a lawsuit against the US SEC. The company is applying to convert its Grayscale Bitcoin Trust (GBTC) product to a spot Bitcoin ETF.

CBI and Liminal Collaborate for Digital Asset Security in India Amid Crypto Scams

CBI and Liminal Collaborate for Digital Asset Security in India Amid Crypto Scams

The Central Bureau of Investigation of India is partnering with Singapore-based Liminal to secure digital assets seized during investigations amid rising cryptocurrency frauds in India.

California Governor Gavin Newsom Warns Bitcoin Scams are Targeting Public In COVID-19 Market

California Governor Gavin Newsom Warns Bitcoin Scams are Targeting Public In COVID-19 Market

In his official address, Gavin Newsom California governor cautioned the public against individuals asking for advance payment in Bitcoin with the promise of delivering essential commodities.

New Zealand Investigates Second Auckland Church Over OneCoin Scam Links

New Zealand Investigates Second Auckland Church Over OneCoin Scam Links

The Department of Internal Affairs (DIA) in New Zealand is probing the second church in Auckland over allegations that it is linked to OneCoin, a ponzi scheme promoted as a cryptocoin with a private blockchain which has been red flagged as a scam.

Binance Supports Optimism (OP) Network Upgrade and Hard Fork

Binance Supports Optimism (OP) Network Upgrade and Hard Fork

Binance confirms support for Optimism (OP) network's upgrade and hard fork on January 12, 2024, enhancing Ethereum's Layer 2 scalability and efficiency.

US SEC Postpones Approval of Grayscale's GBTC to Spot BTC ETF Product

US SEC Postpones Approval of Grayscale's GBTC to Spot BTC ETF Product

The United States Securities and Exchange Commission (SEC) has once again postponed the approval of the proposal from Grayscale Investments to convert its flagship Bitcoin Trust (GBTC) into a spot Non-Fungible Token (NFT) product.

Web3 Builders Reveals Suite of Tools to Combat DeFi exploits

Web3 Builders Reveals Suite of Tools to Combat DeFi exploits

Nicholas Horelik of Web3 Builders stated, “end users ought to have this functionality” to understand asset security.

Samsung Electronics to Use Blockchain in Climate-Focused Reafforestation Program

Samsung Electronics to Use Blockchain in Climate-Focused Reafforestation Program

Samsung Electronics America has committed to the planting of 2 million Mangrove trees in Madagascar in a bid to advance its quota on the fight against climate change.

Grayscale withholds on-chain reserve evidence for security reasons

Grayscale withholds on-chain reserve evidence for security reasons

Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products. The company cited "security concerns" in a Nov. 18 Twitter thread addressing investor concerns. Pressure mounts for crypto firms to introduce proof of reserve after FTX's liquidity issues and subsequent bankruptcy.

Hong Kong Regulator SFC Warns ICOs as Unauthorized Investment Schemes

Hong Kong Regulator SFC Warns ICOs as Unauthorized Investment Schemes

The Hong Kong Securities and Financial Commission have issued a warning to the public to beware of unregulated investment schemes, such as digital tokens and initial coin offerings (ICO).

RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure

RBL Bank Partners with Accenture to Build A Digital Bank Infrastructure

RBL Bank announced that it will partner with Accenture, who envisions that it will enhance the bank’s information technology (IT) network and services.

As it Happened: Binance Denies Ripping Off $1 million From a User's Account

As it Happened: Binance Denies Ripping Off $1 million From a User's Account

Binance, one of the largest crypto exchanges based on trade volume, has hit back at embezzlement claims made in November 2018 after it froze a user’s account with crypto assets worth $1 million. It claims that its actions were based on a tip-off by the South Korean police to return the funds to a scam victim.

SEC Postpones Decision on Grayscale Ethereum Trust's ETF Application

SEC Postpones Decision on Grayscale Ethereum Trust's ETF Application

The SEC has extended its review period for Grayscale's Ethereum ETF application to January 2024, reflecting a careful evaluation approach towards cryptocurrency ETFs.

LOST Island to Provide Groundbreaking Escape Game Experience

LOST Island to Provide Groundbreaking Escape Game Experience

LOST's entry into the metaverse with LOST Island will provide users with game-changing escape game experiences as the company has initiated various upcoming initiatives, the company told Blockchain.News.

Three Arrows Capital Becomes 2nd crypto issuer Facing Insolvency

Three Arrows Capital Becomes 2nd crypto issuer Facing Insolvency

The unfavorable market conditions continue to impact firms operating in the crypto industry. Three Arrows Capital is the latest firm identified to be facing a bankruptcy risk.

Grayscale CEO Optimistic that US Regulators Can't Stop Bitcoin

Grayscale CEO Optimistic that US Regulators Can't Stop Bitcoin

Barry Silbert, CEO of Grayscale Investments thinks that Bitcoin has too much support from policymakers in the United States to ever be shut down completely.

Chinese Police Arrests Masterminds, Seizes $8.46M in Crypto Connected to Online Pyramid Scheme

Chinese Police Arrests Masterminds, Seizes $8.46M in Crypto Connected to Online Pyramid Scheme

Chinese police officers, specifically those operating from the Pingchuan Branch of the Public Security Bureau of Baiyin City, Gansu Province have cracked a case involving a pyramid scheme that was built around the XRP digital currency.

Chainalysis Partners with Wyoming Watchdog to Fight Cybercrime and Crypto Laundering Scams

Chainalysis Partners with Wyoming Watchdog to Fight Cybercrime and Crypto Laundering Scams

Chainalysis has announced partnered with Wyoming’s Division of Banking to fight cybercrime, crypto laundering, crypto scams, sanctions violations, and more.

Two US Nationals Charged With SIM-Swap Cryptocurrency Theft

Two US Nationals Charged With SIM-Swap Cryptocurrency Theft

Federal prosecutors have charged two US citizens with a SIM swap and phishing scam that led to a theft of over $16,000 worth of cryptocurrency.

Ethereum Scarcity Increases as Net Daily Issuance Hits a 2-Month Low

Ethereum Scarcity Increases as Net Daily Issuance Hits a 2-Month Low

The daily net issuance in the Ethereum network continues to drop, signifying a supply deficit.

Switzerland Scientists Discovered A New Way to Solve Bitcoin’s Scalability Problem

Switzerland Scientists Discovered A New Way to Solve Bitcoin’s Scalability Problem

The discovery of technologies plays a significant role in empowering how people function. This time round, Switzerland scientists have discovered a new approach to tackle Bitcoin’s scalability problem.

Burnt Ethereum Edges Closer to a Billion-Dollar Value

Burnt Ethereum Edges Closer to a Billion-Dollar Value

After the London Hardfork or EIP 1559 upgrade went live on August 5, the first-ever deflationary block on the Ethereum network occurred because scarcity was introduced every time Ether was burnt after being used in transactions.

Several Cryptocurrency Firms Suffer Domain Cyber-Attacks Due to GoDaddy Employee Error

Several Cryptocurrency Firms Suffer Domain Cyber-Attacks Due to GoDaddy Employee Error

Malicious actors gained control of domains owned by several cryptocurrency firms after tricking GoDaddy employees.

French Football Star Mbappe Seeks out Crypto Scammers Trying to Score off The PSG Striker's Reputation

French Football Star Mbappe Seeks out Crypto Scammers Trying to Score off The PSG Striker's Reputation

Kylian Mbappe PSG star launches lawsuit over Bitcoin scammers who are allegedly using his name and image to convince investors to buy-in.

Doge Army Wins Hot Doge Wieners Bidding for $15,001, Breaking Guinness Record

Doge Army Wins Hot Doge Wieners Bidding for $15,001, Breaking Guinness Record

Food industry leader Oscar Mayer owned by the American food company Kraft Heinz officially tweeted that DogeArmy has pushed the price of its Hot Doge Wieners to $15,001.00.

Australian Business Icon Dick Smith Threatens The Guardian With Lawsuit Over Bitcoin Scam Ads

Australian Business Icon Dick Smith Threatens The Guardian With Lawsuit Over Bitcoin Scam Ads

Australian entrepreneur Dick Smith is threatening The Guardian with legal action after it hosted ads linked to fake news of Smith supporting a Bitcoin and crypto scam.

Cardano Addresses Fake ADA Giveaway Claims on YouTube

Cardano Addresses Fake ADA Giveaway Claims on YouTube

Cardano CEO Charles Hoskinson has once again come forward to address the issue of cryptocurrency scams targeting his ADA empire and has been quick to refute any associations phishers made with the Cardano Foundation.

How Can Blockchain in IoT Market Grow 180 times by 2026?

How Can Blockchain in IoT Market Grow 180 times by 2026?

Internet of Things (IoT) is now influencing our day-to-day lives. Today, blockchain has emerged as the probable solution for creating more secure IoT systems. With delegation in place, computation and storage needs can be spread across millions of IoT devices. Thus, the use of blockchain in IoT is benefiting the IoT devices to proficiently scale up. Also, assimilating the blockchain in IoT devices can cut the costs of managing and installing servers for an IoT network.

Midjourney V6 Alpha Unveils Major Enhancements: A Leap in AI-Driven Image Generation

Midjourney V6 Alpha Unveils Major Enhancements: A Leap in AI-Driven Image Generation

Midjourney's V6 alpha update, a significant advancement in AI-driven image generation, offers enhanced prompt interpretation, smarter generation, remixing, improved upscaling, and additional image manipulation options. Despite mixed user reactions, the update's detailed, realistic outputs have garnered praise.

What is Grayscale Bitcoin Trust (GBTC)?

What is Grayscale Bitcoin Trust (GBTC)?

The Grayscale Bitcoin Trust is an investment vehicle that is designed to enable investors to trade Bitcoin shares without actually owning BTC.

EOS EVM Mainnet Launch Improves Interoperability Between EOS and Ethereum

EOS EVM Mainnet Launch Improves Interoperability Between EOS and Ethereum

The EOS Network Foundation has launched the EOS EVM mainnet, which emulates Ethereum's Virtual Machine and aims to improve interoperability between EOS and Ethereum. This allows for the deployment of decentralized applications (DApps) written in Solidity, offering access to lower fees and faster transactions of the EOS network. Other projects have also been prioritizing EVM compatibility, including Astar Network's smart contracts and Polygon's zkEVM.

Ethereum Layer 2s Surpass Prominent Layer 1s in Total Value Locked

Ethereum Layer 2s Surpass Prominent Layer 1s in Total Value Locked

The surge of Layer 2 solutions like Arbitrum, Optimism, and BASE, overtaking Layer 1 blockchains Solana and Avalanche in terms of Total Value Locked (TVL) as of September 25, 2023, highlights the pivotal role of Layer 2s in augmenting the scalability and transactional efficiency of the Ethereum network. The data underscores a growing preference for Layer 2 solutions, demonstrating their potential in enhancing the blockchain technology landscape.

Starknet v0.13.1 Launch: Embracing EIP-4844 for Lower Costs and Enhanced Stability

Starknet v0.13.1 Launch: Embracing EIP-4844 for Lower Costs and Enhanced Stability

Starknet v0.13.1 upgrades Ethereum data storage costs, offers lower transaction fees, and improves stability and user experience, potentially boosting adoption and advancing Starknet's evolution.

Bitcoin of America indicted for operating unlicensed kiosks

Bitcoin of America indicted for operating unlicensed kiosks

Bitcoin of America, a Bitcoin technology firm, along with three of its executives, has been indicted for allegedly operating more than 50 unlicensed crypto kiosks in Ohio that knowingly benefited from victims of cryptocurrency scams. The firm is facing charges of money laundering, conspiracy, and other crimes connected to the operation of the kiosks, which authorities believe have been operating and evading regulatory safeguards and financial compliance requirements since 2018.

Hong Kong Suffers Surge in Crypto Scams in 2022

Hong Kong Suffers Surge in Crypto Scams in 2022

Hong Kong police reported a surge in crypto-related scams in 2022, with losses amounting to HK$1.7 billion ($216.6 million), up 106% from the previous year. The number of crypto-related scam cases reported in Hong Kong also surged by 67% from 2021. Such scams accounted for over 50% of the HK$3.2 billion ($407 million) stolen from city residents in technology crimes. The Hong Kong police CyberDefender website reported almost 23,000 cases of technology-related crimes in 2022. The use of cryptocurrency has made it more complicated for enforcement to track criminal funds, as fraudsters can hide their identities, transactions, and final destination.

1inch Joins Ethereum's zkSync Era for Faster DeFi Transactions

1inch Joins Ethereum's zkSync Era for Faster DeFi Transactions

1inch, a decentralized finance (DeFi) protocol, has deployed its aggregation and limit order protocols on Ethereum's zkSync Era. The move is aimed at leveraging faster and cheaper transactions on the layer-2 scaling solution.

Billionaire Chris Kirubi Warns Followers of Bitcoin Scammers Impersonating the Kenyan Tycoon

Billionaire Chris Kirubi Warns Followers of Bitcoin Scammers Impersonating the Kenyan Tycoon

Dr. Chris Kirubi continues fighting against Bitcoin scams using his name as an endorsement.

Cryptocurrency Phishing Attacks Rise by 40% Year-on-Year in 2022

Cryptocurrency Phishing Attacks Rise by 40% Year-on-Year in 2022

Kaspersky, a Russian cybersecurity and anti-virus provider, has reported a 40% year-on-year increase in cryptocurrency phishing attacks in 2022. The attacks involve reaching out to investors through fake websites and communication channels that mimic official companies, prompting users to share personal information such as private keys. Attackers are evolving their strategies to lure unwary crypto investors. Recently, hardware cryptocurrency wallet provider Trezor warned against attempts to steal users' crypto through fake Trezor sites. In a survey, one out of seven respondents admitted to being affected by cryptocurrency phishing.

60-Year-Old Man Cons Over 50 People with Indian Crypto Scam

60-Year-Old Man Cons Over 50 People with Indian Crypto Scam

Police have revealed another crypto scam in India has left more than 50 people counting losses.

AML BitCoin Lobbyist Abramoff to Pay $55K in Convicted Guilt Plea for ICO Fraud

AML BitCoin Lobbyist Abramoff to Pay $55K in Convicted Guilt Plea for ICO Fraud

In the civil case filed against Jack Abramoff for his role in the 2018 Initial Coin Offering (ICO) scandal, the AML BitCoin lobbyist is expected to pay $55, 000 in disgorgement and interest for his conspiracy in fraud.

Ethereum Founder Vitalik Buterin Says Layer 2 Scaling Solution Has ‘Basically’ Succeeded

Ethereum Founder Vitalik Buterin Says Layer 2 Scaling Solution Has ‘Basically’ Succeeded

Ethereum has been seeing an upward trend, and demand may increase further in anticipation of the upcoming ETH 2.0 update expected in Q3 2020. Ethereum is scheduled to undergo a major change of its consensus mechanism, transitioning from proof-of-work (PoW) to proof-of-stake (PoS). Ethereum has been expecting its scaling to occur for some time, and according to Ethereum’s creator, Vitalik Buterin, it could already be happening. Vitalik Buterin recently tweeted that the Ethereum blockchain network’s “layer 2 strategy has basically succeeded.”

Meat Food Production Giant Oscar Mayer Auctions Disposable Packaging "Hot DOGE" Wiener

Meat Food Production Giant Oscar Mayer Auctions Disposable Packaging "Hot DOGE" Wiener

An American meat and cold cut production company Oscar Mayer, owned by the American food giant Kraft Heinz, used the eBay e-commerce platform to auction a single package of "Hot Doge Wieners" worth 10,000 Dogecoins.

Grayscale Investment Company Receives FINRA Approval to Trade Bitcoin Cash and Litecoin Publicly

Grayscale Investment Company Receives FINRA Approval to Trade Bitcoin Cash and Litecoin Publicly

US regulators have approved shares of Grayscale Investment’s Litecoin and Bitcoin Cash Trusts for public trading.

Do I need to Buy One Whole Bitcoin? 3 BTC Questions I’m Tired of Answering

Do I need to Buy One Whole Bitcoin? 3 BTC Questions I’m Tired of Answering

Why is Bitcoin worth anything? Am I too late to buy Bitcoin? It’s too expensive, do I need to buy a whole Bitcoin? 3 questions that hound crypto journalists at parties.

SkyBridge Capital's Crypto Pivot Looks to Triple its Assets

SkyBridge Capital's Crypto Pivot Looks to Triple its Assets

Hedge fund SkyBridge founder Anthony Scaramucci said he plans to shift the pace of SkyBridge Capital's investment to virtual digital assets.

Twitter Says Bitcoin Hack Originated From Phone Phishing Attack

Twitter Says Bitcoin Hack Originated From Phone Phishing Attack

On Thursday, Twitter provided an update addressing the massive Bitcoin hack that overtook its platform earlier this month.

RyanAir CEO Declares Bitcoin a Ponzi Scheme, Urges Public Boycott

RyanAir CEO Declares Bitcoin a Ponzi Scheme, Urges Public Boycott

RyanAir CEO Michael O’Leary has declared Bitcoin (BTC) a Ponzi scheme and has urged the boycott of the premier digital currency.

New Darknet Markets Launch Despite Exit Scams as Demand Rises for Illicit Goods

New Darknet Markets Launch Despite Exit Scams as Demand Rises for Illicit Goods

Despite the recent amount of exit scams on dark web platforms, the darknet sector has seen increasing growth, with new marketplaces launching every year.

Grayscale Hires Former Alerian CEO Davi LaValle As Global Head of ETFs

Grayscale Hires Former Alerian CEO Davi LaValle As Global Head of ETFs

Grayscale Investments has announced the hire of Davi LaValle as the head of its ETF business.

Twitter CEO Jack Dorsey Apologizes for Bitcoin Hack, But Not Before Dutch Politician Was Compromised

Twitter CEO Jack Dorsey Apologizes for Bitcoin Hack, But Not Before Dutch Politician Was Compromised

Twitter CEO Jack Dorsey came forward on Thursday to apologize thoroughly for his social network company’s failure to prohibit and shut down Bitcoin scam artists' digital heist of important verified accounts, that ranged from that of tech moguls Elon Musk and Bill Gates to political figure Joe Biden.

Australian Federal Agency Ex-Employee Evades Prison Despite Illegally Mining Ether and Monero on Supercomputers

Australian Federal Agency Ex-Employee Evades Prison Despite Illegally Mining Ether and Monero on Supercomputers

A former employee of an Australian federal agency avoided prison despite mining cryptocurrency on government supercomputers.

Bitfinex and Polygon zkEVM Facilitate Tether Gold Transactions

Bitfinex and Polygon zkEVM Facilitate Tether Gold Transactions

Bitfinex has integrated Tether Gold transactions via the Polygon zkEVM transport layer, marking a significant step towards cost-effective and secure digital asset transactions from October 11, 2023.

Grayscale Floats New Smart Contract Fund for 6 Ethereum Competitors

Grayscale Floats New Smart Contract Fund for 6 Ethereum Competitors

The acclaimed largest digital assets management company, Grayscale Investments has launched a new investment product tagged the Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE).

Polygon and Google Cloud Partner for Ethereum Scaling Tools

Polygon and Google Cloud Partner for Ethereum Scaling Tools

Polygon Labs and Google Cloud have partnered to enhance the development of Ethereum scaling protocol's infrastructure and tools. Google Cloud's framework and developer tools will benefit Polygon's core protocols and simplify developer integration to build, launch and grow Web3 products and decentralized applications (DApps) on Polygon. The partnership is expected to advance Polygon's zero-knowledge development, resulting in faster and cheaper transactions. Polygon will use Google Cloud's Blockchain Node Engine to remove the need for Polygon developers to configure and run Polygon PoS nodes.

UK’s Financial Watchdog Warns of Fraudsters Impersonating Blockchain.com

UK’s Financial Watchdog Warns of Fraudsters Impersonating Blockchain.com

The FCA has raised the alarm about fraudsters who want to lure the public using a cloned version of Blockchain.com, a crypto wallet and trading company.

Ugandan Government Forms an Expert Task Force to Delve into Crypto Usage

Ugandan Government Forms an Expert Task Force to Delve into Crypto Usage

The Ugandan government has formed a team of experts to research and offer guidance on digital financial operations, such as cryptocurrencies in the wake of recent crypto scams.

Coinbase Layer 2 Network

Coinbase Layer 2 Network

Coinbase's new layer-2 network, Base, has Ethereum supporters. One lawyer thinks the launch "opens the way" for the SEC to expedite its "secondary market agenda."

Ethereum's Blobs: A Milestone in Scaling and Future Development, According to Vitalik Buterin

Ethereum's Blobs: A Milestone in Scaling and Future Development, According to Vitalik Buterin

Ethereum co-founder Vitalik Buterin discusses Dencun hard fork activation and blobs' impact on ecosystem, discussing Ethereum's long-term scaling roadmap and future direction.

Barry Silbert Resigns from Grayscale Investments Board Amidst Industry Challenges

Barry Silbert Resigns from Grayscale Investments Board Amidst Industry Challenges

Grayscale Investments has announced the resignation of Barry Silbert from its board of directors, following a challenging period in the crypto industry. The company has been advocating for the conversion of the world's largest Bitcoin trust into an ETF. The departures come amid legal battles involving Digital Currency Group.

BNY Mellon Bank Tapped to Provide Grayscales with Bitcoin ETF Services

BNY Mellon Bank Tapped to Provide Grayscales with Bitcoin ETF Services

Grayscale Investments has selected BNY Mellon bank as an asset servicing provider for its Grayscale Bitcoin Trust(GBTC) , handling accounting and administrative services, effective October 1.

KuCoin User Linked to Memecoin Scams

KuCoin User Linked to Memecoin Scams

Crypto exchange KuCoin confirms a user's address is responsible for launching thousands of memecoin scams but will not freeze assets without official notice from law enforcement. The wallet address has been marked as a fake phishing wallet by blockchain explorer Etherscan.

Tyler Winklevoss Continues to Tout Bitcoin as Break past $40,000 Price Level Anticipated

Tyler Winklevoss Continues to Tout Bitcoin as Break past $40,000 Price Level Anticipated

Whether Bitcoin is experiencing a rainy day or not, Gemini co-founder Tyler Winklevoss will always be backing the mainstream cryptocurrency.

Estee Lauder Uses Blockchain Technology to Further Beauty Solutions

Estee Lauder Uses Blockchain Technology to Further Beauty Solutions

Estée Lauder Companies (ELC) has established a blockchain platform to meet sourcing standards for its Madagascan vanilla.

Florida Warns Residents About the Rise of Auto Warranty Scammers Asking Crypto Payments

Florida Warns Residents About the Rise of Auto Warranty Scammers Asking Crypto Payments

Consumers lose billions worth of US dollars to fraudulent calls every year, and auto-warranty calls are the biggest source of grief. Florida government warns consumers about scam "auto warranty" robocalls.

Chainlink Introduces SCALE Program to Drive Ecosystem Growth

Chainlink Introduces SCALE Program to Drive Ecosystem Growth

Chainlink has introduced the Chainlink SCALE program to accelerate access to oracle products and services for both Layer-1 and Layer-2 protocols.

Genesis Global Capital Moves to Liquidate $1.6 Billion in Grayscale Trusts Amid Bankruptcy

Genesis Global Capital Moves to Liquidate $1.6 Billion in Grayscale Trusts Amid Bankruptcy

Genesis Global Capital has petitioned the U.S. Bankruptcy Court to sell off its Grayscale Bitcoin, Ethereum, and Ethereum Classic Trust holdings, totaling approximately $1.6 billion. This strategic liquidation aims to maximize creditor repayments amidst potential market volatility, following a recent SEC settlement.

Alameda Research Withdraws Grayscale Lawsuit Amid GBTC Shift

Alameda Research Withdraws Grayscale Lawsuit Amid GBTC Shift

Alameda Research has withdrawn its lawsuit against Grayscale Investments following the latter's Bitcoin Trust conversion to an ETF, leading to significant GBTC outflows and reshaping the cryptocurrency investment landscape.

Scammers Involved in Uniswap Founder's Twitter Account Hack Stole $3.6M from Victims

Scammers Involved in Uniswap Founder's Twitter Account Hack Stole $3.6M from Victims

In a recent cybersecurity incident, the Twitter account of Uniswap founder Hayden Adams (@haydenzadams) was hacked by scammers who have reportedly been active since April 2023.

Grayscale Offshoot GDLC Becomes an SEC Reporting Outfit

Grayscale Offshoot GDLC Becomes an SEC Reporting Outfit

An offshoot of Grayscale, the Grayscale Digital Large Cap Fund is now an SEC reporting outfit, per the firm's latest announcement.

Singapore’s Central Bank Raises Alarm About a Bitcoin Scam

Singapore’s Central Bank Raises Alarm About a Bitcoin Scam

Singapore’s Central Bank enlightens the public about a Bitcoin Scam with a supposed initiative known as Bitcoin Loophole where investors’ trades are run.

Grayscale Pairs with Coindesk Index to Launch DeFi Fund and Index

Grayscale Pairs with Coindesk Index to Launch DeFi Fund and Index

Grayscale Investments has made a move to launch a new DeFi fund and index with Coindesk Index. Grayscale said that the new DeFi fund would give investors the ability to invest in the DeFi protocol.

Introducing Scroll Sessions: Native zkEVM Layer 2 for Ethereum

Introducing Scroll Sessions: Native zkEVM Layer 2 for Ethereum

Scroll has unveiled Scroll Sessions, a groundbreaking native zkEVM Layer 2 solution for Ethereum that aims to enhance scalability and reduce transaction costs. This article provides an overview of Scroll Sessions and its potential impact on the Ethereum ecosystem.

Polygon Solutions to Ethereum Scaling Challenges: An Overview

Polygon Solutions to Ethereum Scaling Challenges: An Overview

Ethereum's scaling problem is a long-standing issue, with its steady evolution ensuring safety and decentralization. Polygon 2.0 aims to address this by enhancing Ethereum's scalability. Polygon 2.0 consists of Polygon PoS, Polygon zkEVM, and Polygon CDK, designed to be interoperable for swift cross-chain transactions. These chains, which mirror the Ethereum Virtual Machine (EVM), enable developers to develop applications challenging to achieve on account-based systems like Ethereum. Polygon Labs plans to transform Polygon PoS into a zkEVM validium, mirroring Ethereum Virtual Machine (EVM) capabilities.

Metaverse will be a Trillion-dollar Market in Future: Grayscale

Metaverse will be a Trillion-dollar Market in Future: Grayscale

Cryptocurrency investment giant Grayscale released a report on Thursday stating that by 2025, the revenue of the virtual gaming world may grow to $400 billion.

SEC Chair Gensler Open to Lawful Revival of FTX

SEC Chair Gensler Open to Lawful Revival of FTX

SEC Chair Gary Gensler emphasizes regulatory standards as FTX considers legal and compliant return, following founder Sam Bankman-Fried's conviction, marking a pivotal moment in crypto regulation.

Bitcoin Price Plummets After Bitmex Starts BTC Double Spend Rumor, Grayscale Buys the Dip

Bitcoin Price Plummets After Bitmex Starts BTC Double Spend Rumor, Grayscale Buys the Dip

BitMex Research incorrectly identified a double spend of around $21 in Bitcoin. The BTC price fell to a low of $28,953.37 and Grayscale Investment bought up $1.2 billion worth.

Nvidia's Soaring Data Center Revenue Signals Strong AI and GPU Market Position

Nvidia's Soaring Data Center Revenue Signals Strong AI and GPU Market Position

Nvidia's Q3 fiscal 2024 results show a 279% increase in data center revenue and a 206% overall revenue increase to $18.12 billion, highlighting its success in AI and GPU markets. Analysts predict further growth in 2024.

Ethereum Crypto Crashes to $340 After SushiSwap’s Alleged Exit Scam

Ethereum Crypto Crashes to $340 After SushiSwap’s Alleged Exit Scam

The price of Ethereum (ETH) crashed recently, dropping to a low of $315 over the weekend, after hitting an all-time high of $487 last Wednesday.

XRP Price Stable As Grayscale Plans to Dissolve XRP Trust Closing Investment Avenue for Institutions, But Why?

XRP Price Stable As Grayscale Plans to Dissolve XRP Trust Closing Investment Avenue for Institutions, But Why?

Despite the news that Grayscale’s XRP Trust is going to be dissolved and XRP may lose a significant amount of institutional investors, the XRP price has stabilized—But why?

Grayscale Investments Parent Company DCG Invests $100 Million Into Bitcoin Mining

Grayscale Investments Parent Company DCG Invests $100 Million Into Bitcoin Mining

Grayscale parent company DCG has announced its entry into Bitcoin mining.

Arbitrum Airdrop Boosts zkSync Growth

Arbitrum Airdrop Boosts zkSync Growth

Arbitrum's recent airdrop of its governance token has generated significant hype, which has helped another layer-2 scaling solution, zkSync, see significant growth in the last week. Despite not having a native token or announcing any airdrop, zkSync has seen a surge in the number of addresses bridging to its platform, with over 39,000 addresses bridging over $871 million in the last seven days.

Crypto Market Cap Soars Above $2 Trillion

Crypto Market Cap Soars Above $2 Trillion

Bitcoin's dominance in the crypto market is reducing, giving room for altcoins to chart their own growth path.

Grayscale Partners with NYSE Arca to File for Spot Ethereum ETF Conversion

Grayscale Partners with NYSE Arca to File for Spot Ethereum ETF Conversion

Grayscale Investments has collaborated with NYSE Arca to file Form 19b-4 with the U.S. Securities and Exchange Commission (SEC), aiming to convert the Grayscale Ethereum Trust into a spot Ethereum ETF. This move is a significant part of Grayscale's ongoing strategy to transition its entire range of 17 crypto investment products into ETFs. The filing follows the SEC's recent approval of the first Ethereum futures ETFs.

Grayscale CEO Calls on SEC to Protect Investors

Grayscale CEO Calls on SEC to Protect Investors

Grayscale Investments’ CEO Michael Sonnenshein has called on the United States Securities and Exchange Commission (SEC) to protect Grayscale investors by returning the true asset value to them. Sonnenshein stated in a recent interview that the SEC acted arbitrarily by denying approval for the Grayscale Bitcoin Trust (GBTC) to be a spot Bitcoin exchange-traded fund (ETF) in June 2022, while approving Bitcoin Futures ETFs. He explained that the SEC violated the administrative procedures act, and that Grayscale is suing the SEC over the denial of its initial application. Grayscale has over a million investor accounts, and Sonnenshein called on the SEC to protect investors and return the value to them.

Ripple and YouTube Agree on Settling for Lawsuit over XRP Scam Videos

Ripple and YouTube Agree on Settling for Lawsuit over XRP Scam Videos

Ripple CEO Brad Garlinghouse has revealed that the lawsuit Ripple has served Youtube with has been settled.

FBI Warns Crypto Ecosystem Investors of DeFi Scams

FBI Warns Crypto Ecosystem Investors of DeFi Scams

The United States Federal Bureau of Investigation has issued a public warning to investors, especially those fond of the crypto ecosystem to be aware of scams specifically targeting the Decentralized Finance ecosystem

GBTC Litigation: Fir Tree and Grayscale Reach Agreement

GBTC Litigation: Fir Tree and Grayscale Reach Agreement

Fir Tree Partners, a significant shareholder of the Grayscale Bitcoin Trust (GBTC), and Grayscale Investments have reached an agreement resolving a lawsuit filed by Fir Tree in December 2022. The litigation sought documents and information from Grayscale about potential mismanagement and conflicts of interest at GBTC.

Grayscale Adds Five New Crypto Investment Trusts including One for Chainlink and Filecoin

Grayscale Adds Five New Crypto Investment Trusts including One for Chainlink and Filecoin

Grayscale Investments has expanded its product line by launching new investment trusts including Chainlink, Filecoin, and Basic Attention Token.

Scammers adapt to survive during crypto winter

Scammers adapt to survive during crypto winter

While crypto scam revenue dropped by 46%, scammers adapted and shifted their strategies to prey on people's emotions, with romance and giveaway scams on the rise.

Friend.Tech Boosts Security with CoolWallet on Base Chain

Friend.Tech Boosts Security with CoolWallet on Base Chain

Friend.tech, a decentralized social network on Base's Ethereum layer-2 chain, has seen rapid growth but also faces security risks from phishing attacks. To address this, CoolWallet has launched a Web3 Guardian competition to promote its Web3 SmartScan feature, which screens transactions for malicious behavior.

Fiji Officials Warns Residents of Cryptocurrency Scams

Fiji Officials Warns Residents of Cryptocurrency Scams

The Fiji Financial Intelligence Unit (FIU) has issued a warning to the members of the public with respect to a scam that is being publicized in the country.

ASIC Bans BitConnect National Executive for His Part in Multi-Billion Dollar Crypto Ponzi Scheme

ASIC Bans BitConnect National Executive for His Part in Multi-Billion Dollar Crypto Ponzi Scheme

Australian Securities and Investments Commission (ASIC) has officially banned a former National Representative of BitConnect from providing financial services for seven years.

Grayscale Investments Files Claim over Ethereum Proof of Work Token after the Merge

Grayscale Investments Files Claim over Ethereum Proof of Work Token after the Merge

Grayscale Investments, a leading investment partner for digital currencies is set to distribute Ethereum Proof of Work (ETHPoW)

Facebook Sues Bangkok 'LeadCloak' Software Developer Over Alleged Crypto Scams and Bogus COVID-19 Data

Facebook Sues Bangkok 'LeadCloak' Software Developer Over Alleged Crypto Scams and Bogus COVID-19 Data

Facebook has sued a Bangkok software engineer whose firm offered software designed to bypass ad review systems and push deceptive ads to run on the media platform.

Scammers Target NFT Users in BLUR Token Airdrop Scam

Scammers Target NFT Users in BLUR Token Airdrop Scam

Scammers are targeting NFT users with fake BLUR token airdrop links on malicious websites, resulting in the loss of over $300,000 in ETH. Legitimate BLUR platform has been rewarding users with tokens through its three-phase airdrop incentive scheme.

Grayscale Survey: 55% of US Investors Like Bitcoin in 2020

Grayscale Survey: 55% of US Investors Like Bitcoin in 2020

Grayscale Investments has released a report dubbed Bitcoin Investor Study 2020 showing that 55% of US investors are keeping a watchful eye on purchasing Bitcoin in 2020.

Australia's Government is Bolstering Its Market Regulator's Digital Asset

Australia's Government is Bolstering Its Market Regulator's Digital Asset

The new Australian government has devised a "multi-stage strategy" to combat cryptocurrency frauds, safeguard consumers, and increase enforcement.

ETH Price Set to Rally as Institutional Capital Flows into Ethereum

ETH Price Set to Rally as Institutional Capital Flows into Ethereum

Ether price rallied after GME Ethereum futures contracts launched, posting a new all-time high of $1,780. As institutional money flows in, will Ether's price continue to rally?

Grayscale Files Form 10 with SEC for its 3 Trusts

Grayscale Files Form 10 with SEC for its 3 Trusts

Grayscale has filed a Form 10 on behalf of Horizen Trust, Stellar Lumens Trust, and Zcash Trust to become the company’s products designated as investment vehicles reporting to the SEC.

Fraudulent Ledger Live App in Microsoft Store Linked to $768K Cryptocurrency Theft

Fraudulent Ledger Live App in Microsoft Store Linked to $768K Cryptocurrency Theft

A fake Ledger Live app on Microsoft's App Store stole nearly $768K from the crypto community, involving Bitcoin and Ethereum transactions, raising concerns over app verification processes.

Rothschild Investment Corp Acquires Over 250M Shares in Grayscale ETH Trust

Rothschild Investment Corp Acquires Over 250M Shares in Grayscale ETH Trust

The Rothschild Investment Corp has revealed that it has taken up a new crypto position by purchasing 265,302 shares of Grayscale Ethereum Trust.

UAE Strengthens Crypto Regulations with New Framework

UAE Strengthens Crypto Regulations with New Framework

The UAE has announced a new regulatory framework for virtual assets, enhancing compliance and encouraging innovation within the crypto industry.

Scammers Put Gate.io users at Risk as Exchange's Twitter Account Gets Hacked

Scammers Put Gate.io users at Risk as Exchange's Twitter Account Gets Hacked

Gate.io hacked Twitter account appears to be promoting a fake giveaway of 500,000 USDT, putting users at risk of losing funds.

NEAR and Polygon Partner to Launch zkWASM

NEAR and Polygon Partner to Launch zkWASM

NEAR Foundation and Polygon Labs are collaborating on zkWASM, a zero-knowledge prover for WASM blockchains, to enhance interoperability with Ethereum and improve scalability and decentralization.

Symbiosis Integrates zkSync to Enhance Token Swaps

Symbiosis Integrates zkSync to Enhance Token Swaps

Cross-chain DEX Symbiosis has integrated zkSync, a layer-2 scaling protocol, to improve the speed and reduce fees of token swaps on its platform. The integration allows any-to-any native asset swaps and removes the need for users to switch between different wallets and interfaces.

Why Grayscale's SEC Victory Is Unlikely to Benefit Bitcoin and Crypto Markets in the Long Run

Why Grayscale's SEC Victory Is Unlikely to Benefit Bitcoin and Crypto Markets in the Long Run

The US Court of Appeals ruled in favor of Grayscale Investments, ordering the SEC to review its Bitcoin ETF application. This decision has boosted Bitcoin prices but may not provide long-term benefits due to inconsistent market reactions and declining trading volumes.

Deepfake Dangers: Michael Saylor Alerts Followers to Emerging Bitcoin Scams

Deepfake Dangers: Michael Saylor Alerts Followers to Emerging Bitcoin Scams

MicroStrategy Chairman Michael Saylor warns of deepfake scams on YouTube, using AI to mimic him promoting Bitcoin giveaways. He stresses the need for vigilance and verification to protect against these sophisticated frauds.

Optimism (OP) Earns High Praise from Vitalik Buterin for $100M Public Goods Initiative

Optimism (OP) Earns High Praise from Vitalik Buterin for $100M Public Goods Initiative

Ethereum Co-Founder Vitalik Buterin praised Optimism for distributing over $100 million in RetroPGF Round 3, emphasizing its role in funding public goods and supporting the Ethereum ecosystem.

Google Ads Used in $4M Crypto Phishing Scam

Google Ads Used in $4M Crypto Phishing Scam

Scammers have stolen over $4 million in cryptocurrency from users falling for phishing websites promoted on Google Ads, according to blockchain analytics by ScamSniffer. The fraudulent websites prompt wallet login signature requests that compromise users’ addresses, and have targeted decentralized finance protocols, websites and brands. Metadata from some of the phishing websites has been linked to advertisers in Ukraine and Canada, who bypass Google’s ad review process by manipulating the Google Click ID parameter and using anti-debugging methods. ScamSniffer estimates that scammers spent around $15,000 on advertising which provided a return on their investments of 276%, given the $4 million stolen to date.

Fake Arbitrum Airdrop Scam Circulated on Discord

Fake Arbitrum Airdrop Scam Circulated on Discord

Hackers dropped a phishing link into Arbitrum's Discord server, offering the opportunity to re-claim additional stake in Arbitrum DAO Governance. The link prompted unsuspecting victims to enter personal information, leading to a potential scam. Investors are advised against interacting with the announcement until further clarification from Arbitrum.

Crypto Founder of Ethereum-Based Oyster Protocol Arrested for Tax Evasion in Exit Scam

Crypto Founder of Ethereum-Based Oyster Protocol Arrested for Tax Evasion in Exit Scam

The founder of Ethereum-based smart contract platform Oyster Protocol has been arrested following an exit scam in which he reaped a multi-million dollar profit.

Darknet Marketplace Empire Alleged to Have Exit Scammed with $30 Million Worth of Bitcoin

Darknet Marketplace Empire Alleged to Have Exit Scammed with $30 Million Worth of Bitcoin

Darknet digital marketplace Empire Market appears to have exit scammed and made off with a hefty profit of 2,638 Bitcoin (BTC).

BitConnect Founder Charged with Orchestrating Global Crypto Ponzi Scheme Worth $2.4B

BitConnect Founder Charged with Orchestrating Global Crypto Ponzi Scheme Worth $2.4B

A U.S. grand jury indicted Satish Kumbhani, the founder of BitConnect, orchestrating a fraud scheme that siphoned approximately $2.4 billion from investors.

Uniswap to Launch on Polygon's zkEVM

Uniswap to Launch on Polygon's zkEVM

Decentralized exchange Uniswap is set to launch on the Ethereum scaling solution provider Polygon's zero-knowledge Ethereum Virtual Machine (zkEVM) roll-up. The proposal has already passed the 40 million vote threshold required for approval, with 100% of addresses voting in favor.

Crypto Hacks and Scams on the Rise

Crypto Hacks and Scams on the Rise

Over $103 million was lost to crypto exploits, scams, and hacks in April, with the total loss for the year reaching $429.7 million. Major hacks included Bitrue exchange and South Korean GDAC exchange, and flash loan attacks took around $20 million. Exit scams saw a loss of $9.4 million.

UK's ICO to Investigate OpenAI CEO's Worldcoin Project

UK's ICO to Investigate OpenAI CEO's Worldcoin Project

The Information Commissioner's Office (ICO) announced on July 25, 2023, that it plans to initiate an investigation into Worldcoin, a project overseen by OpenAI CEO Sam Altman. The investigation is set to commence shortly after the announcement. ICO is the data regulator in the United Kingdom.

Binance Launches Joint Anti-Scam Campaign

Binance Launches Joint Anti-Scam Campaign

Binance has launched a "Joint Anti-Scam Campaign" in Hong Kong in cooperation with local law enforcement agencies. The initiative involves issuing targeted alerts to potential victims of scams to prevent them from falling victim to fraudulent activity. Binance intends to expand the campaign to other jurisdictions.

FBI seizes $100,000 in cryptocurrency and NFTs

FBI seizes $100,000 in cryptocurrency and NFTs

The FBI confiscated the property in October 2022 for violating "federal law," with the NFTs valued over $100,000.

MetaMask Warns Investors Against Phishing Attempts by Scammers

MetaMask Warns Investors Against Phishing Attempts by Scammers

MetaMask informed customers that it never emails account data or collects KYC information.

Wemade Introduces Etherscan-Developed 'WEMIX Scan'

Wemade Introduces Etherscan-Developed 'WEMIX Scan'

South Korea-based Wemade has launched WEMIX Scan, a block explorer for WEMIX3.0 Mainnet and testnet, in collaboration with Etherscan. It provides transaction methods, USD value, top 25 NCP data, and gas fees.

Chinese Police Arrest 27 Kingpins of Plus Token Bitcoin Scam Worth $5.7 Billion

Chinese Police Arrest 27 Kingpins of Plus Token Bitcoin Scam Worth $5.7 Billion

Chinese authorities have arrested all 27 primary criminal suspects involved in the Plus Token Ponzi scheme that defrauded nearly 40 billion Chinese yuan, approximately $5.7 billion from victims.

Grayscale Investors Buying Bitcoin at Remarkable Rate Despite Goldman Sachs’ Skepticism

Grayscale Investors Buying Bitcoin at Remarkable Rate Despite Goldman Sachs’ Skepticism

New data indicates that institutional clients are increasingly buying Bitcoin via Grayscale Bitcoin Trust despite warning from Goldman Sachs.

Percentage of Crypto Transaction Volume Used for Crime is Reducing: CipherTrace

Percentage of Crypto Transaction Volume Used for Crime is Reducing: CipherTrace

The growth of the broader cryptocurrency ecosystem is not reflected in the percentage of crypto transaction volumes being used for illicit or fraudulent criminal activities.

New Zealand Police Issues Warning Against “Nasty” Sextortion Blackmail Porn Scam Demanding Bitcoin Ransom

New Zealand Police Issues Warning Against “Nasty” Sextortion Blackmail Porn Scam Demanding Bitcoin Ransom

New Zealand police are warning about a new porn blackmail scam that is targeting residents who watch adult content videos in the country. Scammers will take compromising video or photos of the victim while they are watching pornography and later contact them demanding a ransom in Bitcoin to keep the content private.

Whale Alert Analysis: Scammers Have Bagged Bitcoin Worth $24 Million in the First Half of 2020

Whale Alert Analysis: Scammers Have Bagged Bitcoin Worth $24 Million in the First Half of 2020

Leading blockchain tracking and analytics provider Whale Alert has revealed that scammers have been on a stealing spree as they have made away with $24 million in Bitcoin so far in 2020. Cumulatively, they have siphoned Bitcoin valued at $38 million over the last four years, and this excludes Ponzi schemes as they are a billion-dollar sector on their own.

Grayscale Ends Quarter with Record-Breaking Inflows of $5.7 Billion as Demand for Crypto Goes Up

Grayscale Ends Quarter with Record-Breaking Inflows of $5.7 Billion as Demand for Crypto Goes Up

Grayscale Investments has released their quarterly report assessing the last months of 2020.

Bitcoin.org Hacked, Showing Sign of "Double Return Bitcoin" in Gift Scam

Bitcoin.org Hacked, Showing Sign of "Double Return Bitcoin" in Gift Scam

Bitcoin.org, an open-source and peer-to-peer platform focused on bitcoin development, was hacked this Thursday morning by showing bitcoin's giveaway activities.

Spanish Tax Agency Cracks Down on Crypto Holders

Spanish Tax Agency Cracks Down on Crypto Holders

The Spanish Tax Administration Agency (AEAT) is increasing its efforts to collect taxes on crypto assets, with plans to send out 328,000 warning notices to those who should pay their taxes for the 2022 fiscal year. The AEAT has only recently begun to take the matter seriously, with a 40% increase in the number of notices sent from the previous year.

Australia Records Over $14 Million Losses to Crypto Scams in 2019

Australia Records Over $14 Million Losses to Crypto Scams in 2019

Scamwatch, an Australian website dedicated to reporting scams saw an increase in crypto relating scams amounting to $14 million

Grayscale Wants SEC's Approval for Bitcoin ETF With Public Support

Grayscale Wants SEC's Approval for Bitcoin ETF With Public Support

Digital assets manager Grayscale Investments is stirring the public to send a message to the US Securities and Exchange Commission with respect to approving the conversion of its flagship product, the Grayscale Bitcoin Trust (GBTC) to a full-fledged spot Bitcoin Exchange Traded Fund (ETF).

Darknet Empire Offline for Days Has Users Fearing DDoS Attack and Looming Scam

Darknet Empire Offline for Days Has Users Fearing DDoS Attack and Looming Scam

A popular darknet marketplace, Empire Market, has been reported to be offline for over 48 hours, making website users fretful as to the cause behind it.

Trump: Bitcoin, It Just Seems Like a Scam

Trump: Bitcoin, It Just Seems Like a Scam

Former US President Donald Trump is still anti-crypto and he made it known in his latest interview with Fox business news.

BNB Chain Resolves BscScan Lag Issue, opBNB Still Undergoing Fixes

BNB Chain Resolves BscScan Lag Issue, opBNB Still Undergoing Fixes

BNB Chain resolves lag issue in BscScan browser, continues to address similar issues in opBNB, with BSC unaffected and users advised to use BSCtrace for updates.

Bitcoin is Making its Way to $12K and Beyond as BTC Supply Expects Massive Shortage

Bitcoin is Making its Way to $12K and Beyond as BTC Supply Expects Massive Shortage

In recent months, MicroStrategy, Square, Stone Ridge Asset Management have all invested in Bitcoin. Will Bitcoin see a massive supply shortage?

Crypto User Scammed Out of $20,000 on Fake Uniswap App

Crypto User Scammed Out of $20,000 on Fake Uniswap App

A user has lost $20K after placing his private key backup phrase in a fake Uniswap mobile app available on the Google Play store.

Could Blockchain Increase Diversity in the Way Films are Nominated for the Academy Awards?

Could Blockchain Increase Diversity in the Way Films are Nominated for the Academy Awards?

The film awards season has finally passed for the year and a look back over the last few weeks, unfortunately, uncovers lingering problems with diversity among the nominations for both the BAFTAs and the Academy Awards (Oscars). Could blockchain provide a solution?

Scroll Launches zkEVM Mainnet

Scroll Launches zkEVM Mainnet

Scroll unveils its zkEVM mainnet on October 17, enhancing Ethereum’s scalability and developer engagement. Employing zero knowledge proofs, it boosts transaction speeds and reduces costs, promising a near-identical Ethereum experience, without compromising security or decentralization. The launch follows extensive testing, with notable contributions to Ethereum Foundation’s Privacy and Scaling Explorations. The initiative eyes global developer adoption, advancing Ethereum’s Layer 2 solutions.

Crypto Hacks and Scams Rising Alarmingly in 2024

Crypto Hacks and Scams Rising Alarmingly in 2024

Cryptosecurity firm Immunefi reported a 23% increase in Q2 2024 crypto losses, with Bitget revealing a 245% increase in deep fake scams, with Ethereum, BNB, and Arbitrum targeted.

CFG Scale in Stable Diffusion: A Comprehensive Analysis

CFG Scale in Stable Diffusion: A Comprehensive Analysis

The Classifier-Free Guidance Scale (CFG Scale) is a crucial parameter in the Stable Diffusion model, enabling users to balance image fidelity and creativity. It converts textual prompts into visual representations, bridging the gap between human imagination and AI visualization.

Anthony Scaramucci Suspends Redemptions of Legion Strategies Fund

Anthony Scaramucci Suspends Redemptions of Legion Strategies Fund

Anthony Scaramucci, the founder of hedge fund SkyBridge, is suspending redemptions of his Legion Strategies fund due to operational difficulties for private companies caused by the sharp fall in the cryptocurrency market, according to Bloomberg.

Binance Insider Allegedly Helps Users Bypass KYC Security Protocols

Binance Insider Allegedly Helps Users Bypass KYC Security Protocols

A report by CNBC alleges that employees and volunteers at Binance have been helping customers in China bypass the exchange's Know Your Customer Controls (KYC). The report points to Binance's Chinese-language chat rooms where users can access shared messages on techniques to bypass KYC, residency, and verification protocols allegedly coming from Binance employees or trained volunteers known as "Angels."

Ethereum's Layer 2s Break New Ground in Scalability

Ethereum's Layer 2s Break New Ground in Scalability

Ethereum has seen a 22% rise in value as of September 2023, largely attributed to the emergence of Layer 2 solutions like BASE by Coinbase, which enhance scalability and user affordability on the network. Leading Layer 2 blockchains, Optimism and Arbitrum, have surpassed major Layer 1 blockchains in Total Value Locked, indicating a growing trust and utilization in the Ethereum ecosystem. Despite centralization concerns, the progressive strides in Layer 2 solutions are poised to bolster Ethereum's standing as a dominant smart contract blockchain.

Bitcoin Scarcity and PayPal Crypto Inclusion Send BTC Prices Higher, Says Pantera Capital

Bitcoin Scarcity and PayPal Crypto Inclusion Send BTC Prices Higher, Says Pantera Capital

The shortage of Bitcoin supply is the cause of the recent price surge, and PayPal’s entry into the crypto space is having a huge impact on the BTC price.

Victims of BitConnect Ponzi Scheme to Benefit from the Liquidation of $57M Crypto Assets

Victims of BitConnect Ponzi Scheme to Benefit from the Liquidation of $57M Crypto Assets

Victims of BitConnect fraud scheme have a reason to smile about after a court order granted the sale of cryptocurrencies accrued from the scam.

DeFi Giants Launch on Ethereum Layer 2 zkSync Era

DeFi Giants Launch on Ethereum Layer 2 zkSync Era

Some of the biggest names in decentralized finance, including Uniswap, Sushi, Maker, and Curve, are set to launch on zero-knowledge proof roll-up zkSync Era on March 24. The Ethereum layer 2 scaling network has opened to users in alpha after four years in development, enabling faster and cheaper transactions.

Trump Outraged: Jack Dorsey Faces Senate Subpoena After Twitter Blocks Biden Ukraine Scandal

Trump Outraged: Jack Dorsey Faces Senate Subpoena After Twitter Blocks Biden Ukraine Scandal

CEO Jack Dorsey is to testify about the recent incident where Twitter blocked a NY Post news disclosing sensitive information on Joe Biden's scandal in Ukraine.

Bitcoin Ransoms Doubled in 2019, New Report Warns Investors

Bitcoin Ransoms Doubled in 2019, New Report Warns Investors

Crypsis Group, a crypto forensics firm, noted in a recently released security report that crypto-ransoms, such as those involving Bitcoin, rose almost 200 percent for last year, compared to 2018.

BNB Chain Dominates Q1 2023 Rug Pull Scams

BNB Chain Dominates Q1 2023 Rug Pull Scams

According to a report by blockchain security firm Immunefi, BNB Chain saw 73.3% of all rug pull scams in the crypto ecosystem during Q1 2023. The report also revealed that BNB Chain and Ethereum were the two largest targets for hackers and scammers, with 68.8% of total losses from these networks combined.

Latvian National Extradited to the U.S for Crypto and Wire Fraud

Latvian National Extradited to the U.S for Crypto and Wire Fraud

Ivars Auzins, a Latvian citizen, accused of committing securities and wire fraud using eight companies that alleged to mine or invest in crypto assets, was extradited to the United States to face a six-count indictment charge.

Hong Kong Government Alerts Public to AI-Generated Scams Featuring Deepfake of Chief Executive

Hong Kong Government Alerts Public to AI-Generated Scams Featuring Deepfake of Chief Executive

The Hong Kong government warns against AI-generated scams, including a deepfake video of Chief Executive John Lee, urging public vigilance and caution.

YouTuber's Channel Hacked for XRP Scams

YouTuber's Channel Hacked for XRP Scams

DidYouKnowGaming's YouTube channel was hacked to promote XRP scams, with the hacker changing the channel's profile and cover images to Ripple's logo. YouTube intervened quickly to prevent further damage, but the rise of deepfakes remains a threat to crypto investors.

Bankrupt crypto exchange FTX has acknowledged a recent spate of third party scams

Bankrupt crypto exchange FTX has acknowledged a recent spate of third party scams

FTX alerted consumers about fraudsters stealing account information with promises of asset returns.

Kokomo Finance Accused of $4M Exit Scam

Kokomo Finance Accused of $4M Exit Scam

Kokomo Finance, an open-source and noncustodial lending protocol on Optimism, is suspected of an exit scam worth $4 million. The protocol allegedly plucked user funds via a smart contract loophole, causing the Kokomo Finance token to plummet 95% in value. Blockchain security firm CertiK alerted its followers to the situation, noting that Kokomo Finance removed all social media accounts following the incident.

Core's Revolutionary Satoshi Plus Consensus Marries Decentralization, Security, and Scalability

Core's Revolutionary Satoshi Plus Consensus Marries Decentralization, Security, and Scalability

Core is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core progresses beyond those blockchain behemoths by synthesizing each of their superpowers. A student of blockchain history, philosophy, and innovation, Core optimally balances decentralization, security, and scalability.

Crypto Escrow Company Promises Bitcoin, Pleads Guilty to Defrauding Client Over $3 Million

Crypto Escrow Company Promises Bitcoin, Pleads Guilty to Defrauding Client Over $3 Million

Jon Barry Thompson, the executive of Volantis Market Making cryptocurrency escrow company, has pleaded guilty in a crypto escrow scam worth $3.25 million.

Binance Co-Founder Yi He Champions Transparency and Security Amidst Crypto Evolution

Binance Co-Founder Yi He Champions Transparency and Security Amidst Crypto Evolution

Binance Co-Founder Yi He addresses the crypto community with vital announcements on enhancing listing transparency and security measures, showcasing Binance's proactive approach in combating scams and ensuring a trustworthy trading environment.

Ethereum Foundation's 1.7K ETH Sale Signals Potential Price Downturn

Ethereum Foundation's 1.7K ETH Sale Signals Potential Price Downturn

The Ethereum Foundation's sale of 1,700 ETH, coupled with pessimistic views from a crypto trading KOL and Mike Alfred, has fueled concerns about Ethereum's financial outlook. These developments may signal a potential downturn in ETH prices.

Digital Currency Group Announces $250M Share Buyback from Crypto Trusts

Digital Currency Group Announces $250M Share Buyback from Crypto Trusts

Digital Currency Group (DCG), the parent company of Grayscale Investments, has announced a new share buyback program projected to be worth $250 million.

Hong Kong Police Crackdowns Crypto Investment Scam, involving $11M HKD

Hong Kong Police Crackdowns Crypto Investment Scam, involving $11M HKD

Hong Kong police announced Friday the authority has dismantled a cryptocurrency investment scam involving as much as 60 million Hong Kong dollars. At least 19 people are under arrest.

Digital Currency Group Sells Shares in Subsidiary's Crypto Funds

Digital Currency Group Sells Shares in Subsidiary's Crypto Funds

As the crypto empire struggles, Barry Silbert's Digital Currency Group has divested interests in Grayscale Investments funds.

Australian Scammers Prefer Crypto than Credit Cards: Report

Australian Scammers Prefer Crypto than Credit Cards: Report

Australia's local media outlet disclosed a total loss of $84 million was reported to the ScamWatch website in 2021, a figure that is reasonably higher than the $27 million reported in 2020 and $19 million in 2019.

Russian Hackers Hijack YouTube Channels to Broadcast Crypto Scams: Google

Russian Hackers Hijack YouTube Channels to Broadcast Crypto Scams: Google

Search engine giant Google has made a series of claims, accusing Russian hackers of hijacking YouTube channels for malicious purposes.

Grayscale's Strategic Shift: Aiming for Bitcoin Spot ETF with Cash Redemption Model

Grayscale's Strategic Shift: Aiming for Bitcoin Spot ETF with Cash Redemption Model

Grayscale changes GBTC to a spot Bitcoin ETF using cash creation model, complying with SEC guidelines after Barry Silbert's resignation, marking a significant shift in the digital asset landscape.

Friend.tech Users Lose $385K in Ether to SIM-Swap Scammer

Friend.tech Users Lose $385K in Ether to SIM-Swap Scammer

A scammer has reportedly stolen approximately $385,000 (234 ETH) within 24 hours by SIM-swapping four Friend.tech users. The incident follows a series of SIM-swap and phishing attacks on the platform, putting its security measures under scrutiny. Blockchain analyst ZachXBT revealed the scam on October 5, 2023, adding to concerns about the vulnerability of Friend.tech's user accounts.

Ledger Postpones the Launch of Ledger Recover Amid Criticisms Aming to Improve Transparency and Security

Ledger Postpones the Launch of Ledger Recover Amid Criticisms Aming to Improve Transparency and Security

In light of recent backlash from the crypto community, Ledger, a prominent hardware wallet company, has decided to postpone the launch of its Ledger Recover service.

Dozens of AI-Powered Chatbot Tokens Found to Be Part of honeypot schemes

Dozens of AI-Powered Chatbot Tokens Found to Be Part of honeypot schemes

Blockchain security company PeckShield has warned about "dozens" of BingChatGPT pump-and-dump tokens.

Bitcoin’s Scarcity Feature Makes the Crypto an Aspirational Store of Value for Investors, says Fidelity Digital Assets

Bitcoin’s Scarcity Feature Makes the Crypto an Aspirational Store of Value for Investors, says Fidelity Digital Assets

Fidelity Digital Assets, the crypto arm of investment firm Fidelity Investments found in its new report that many investors consider Bitcoin to be an “aspirational store of value”. The firm believes that the largest cryptocurrency has the properties of a store of value but has yet to be widely adopted.

Ripple (XRP) CTO responds to phishing scam concerns following Cory Doctorow's $8000 loss

Ripple (XRP) CTO responds to phishing scam concerns following Cory Doctorow's $8000 loss

Ripple's CTO David Schwartz emphasizes his cybersecurity savvy, responding to phishing scam concerns after Cory Doctorow's $8000 loss. Ripple educates on scam identification and prevention, amidst increasing social media-based crypto frauds.

Grayscale Bitcoin Trust Inflows Estimated at $1 Billion per Month - Why It Matters for BTC

Grayscale Bitcoin Trust Inflows Estimated at $1 Billion per Month - Why It Matters for BTC

Bitcoin’s quick ascent to its all-time high of $24K has shown no signs of slowing down, suggesting that the cryptocurrency is in overbought territory.

SEC Delays Decision on Ether ETFs to May 2024, Impacting Key Proposals

SEC Delays Decision on Ether ETFs to May 2024, Impacting Key Proposals

The SEC has postponed its decision on several Ether ETFs, including Hashdex Nasdaq Ethereum ETF and Grayscale Ethereum Futures ETF, affecting the future of Ethereum-based financial products.

Bitcoin Twitter Hack Investigation Reveals Second Teen Mastermind

Bitcoin Twitter Hack Investigation Reveals Second Teen Mastermind

US authorities revealed that there may have been another hacker that played a prominent role in the Bitcoin hack that overtook Twitter on July 15.

Teenage Bitcoin Scammer Behind 2020 Massive Twitter Hack Gets Sentenced to 3 Years in Prison

Teenage Bitcoin Scammer Behind 2020 Massive Twitter Hack Gets Sentenced to 3 Years in Prison

Graham Ivan Clark, a Florida teenager, will serve three years of probation after receiving a jail term of three years in prison.

Vebitcoin Crypto Exchange Shuts Down its Business, Turkish Financial Watchdog Investigates

Vebitcoin Crypto Exchange Shuts Down its Business, Turkish Financial Watchdog Investigates

Vebitcoin has suddenly halted its trading, citing financial strains.

Twitter Hack Goes Viral as Bill Gates, Elon Musk, and Biden Hit by Massive Bitcoin Scam

Twitter Hack Goes Viral as Bill Gates, Elon Musk, and Biden Hit by Massive Bitcoin Scam

Twitter has gone haywire as news of a Bitcoin scam hack targeting multiple high-profile figures such as Bill Gates, Elon Musk, Joe Biden, Jeff Bezos, and even multinational tech company Apple has broken out.

YouTube and Ripple Intertwined In Lawsuit Battle For XRP Scam Videos

YouTube and Ripple Intertwined In Lawsuit Battle For XRP Scam Videos

Blockchain company Ripple and CEO of the currency exchange network Brad Garlinghouse is suing YouTube for allegedly playing a part in the repeated Ripple (XRP) crypto giveaway scams that have been circulating on the video content platform.

Bitcoin Price Could Continue on Bullish Momentum Towards $15,800 Amid Double-Dip Recession

Bitcoin Price Could Continue on Bullish Momentum Towards $15,800 Amid Double-Dip Recession

Bitcoin’s price is currently struggling to continue its push towards $12,000, however, a chance of a double-dip recession could take BTC higher.

TRON Founder Justin Sun Offers Bounty Reward for Twitter Bitcoin Scammers

TRON Founder Justin Sun Offers Bounty Reward for Twitter Bitcoin Scammers

As distressed Twitter users scrambled to get a sense of the recent Bitcoin attack that happened earlier this week, TRON founder Justin Sun spoke up and offered a $1 million bounty reward for whoever was able to uncover the identities of those behind the Twitter mass hack.

CryptoQuant CEO: Bitcoin Could Face Correction As Institutional Investment Stalls

CryptoQuant CEO: Bitcoin Could Face Correction As Institutional Investment Stalls

CEO of CryptoQuant Ki Young Ju has warned about a potential correction as on-chain data indicates institutional investment into BTC appears to have stalled.

Banking Giant Morgan Stanley Purchases 28,289 Shares of Grayscale Bitcoin Trust

Banking Giant Morgan Stanley Purchases 28,289 Shares of Grayscale Bitcoin Trust

According to the U.S. Securities and Exchange Commission's document, the US leading investment bank Morgan Stanley is buying 28,289 shares of Grayscale Bitcoin Trust through its European Opportunity Fund.

Webaverse Co-Founder Reveals $4 Million Crypto Hack

Webaverse Co-Founder Reveals $4 Million Crypto Hack

Webaverse co-founder Ahad Shams sent a public statement about being hacked for $4 million in a hotel lobby.

Breaking: Bitcoin Enters Banking System, El Salvador's Cuscatlan and Agricola Accept it for Loans

Breaking: Bitcoin Enters Banking System, El Salvador's Cuscatlan and Agricola Accept it for Loans

El Salvador's Cuscatlan and Agricola banks have announced they will now accept Bitcoin for loan payments, paving the way for Bitcoin to be used directly for credit card debt settlements and loans, potentially setting global banking industry precedents.

Exclusive: Blockchain Trilemma Solved? Secrets Revealed by Turing Award Winner's Algorand

Exclusive: Blockchain Trilemma Solved? Secrets Revealed by Turing Award Winner's Algorand

There are numerous blockchain project teams attempting to address the blockchain trilemma, and the Turing Award winning team Algorand is one promising candidate. We have the pleasure to speak with Jing Chen, Chief Scientist of Algorand, on how Algorand attempts to solve blockchain trilemma with its Byzantine agreement. She also explains why Algorand is non-forkable and the restrictions on Algorand’s adversary model!

Crypto Groups Mobilize Support for Grayscale Spot Bitcoin ETF Lawsuit Fight

Crypto Groups Mobilize Support for Grayscale Spot Bitcoin ETF Lawsuit Fight

The groups have faulted SEC’s decision to disapprove applications of spot Bitcoin ETFs, yet the regulator had allowed similar, riskier products to enter the market.

Grayscale Now Owns 2.4% of BTC Circulating Supply

Grayscale Now Owns 2.4% of BTC Circulating Supply

Over the past week, crypto fund management firm Grayscale Investments increased its assets under management by $180 million in the firm’s Bitcoin Trust.

Is Ethereum 2.0 Ready For the Bull Run?

Is Ethereum 2.0 Ready For the Bull Run?

The initial stage of Ethereum 2.0 is set to start in a few months, with many experts arguing that it may be the catalyst for a huge industry bull run. Adam Cochran, a partner at MetaCartel Ventures DAO, released a blog which outlined why he believes Ethereum 2.0 “could prove to be the largest economic shift in society.” So, is Ethereum 2.0 ready for the bull run?

John McAfee Indicted for Tax Evasion and for Fraudulently Promoting ICOs Through Twitter

John McAfee Indicted for Tax Evasion and for Fraudulently Promoting ICOs Through Twitter

The DOJ is charging John McAfee with tax evasion and failure to file tax returns, according to an unsealed indictment that was revealed yesterday.

It’s the Age of the Micro Investor and this is Good for Bitcoin – SkyBridge Capital Founder Scaramucci

It’s the Age of the Micro Investor and this is Good for Bitcoin – SkyBridge Capital Founder Scaramucci

Anthony Scaramucci believes that it is the age of retail traders, as they have triggered bull runs in stocks like GameStop and this is positive for Bitcoin.

Recent Crypto Sell-Off Hasn’t Deterred Investors, Grayscale CEO Says

Recent Crypto Sell-Off Hasn’t Deterred Investors, Grayscale CEO Says

Investors are still optimistic despite the current market crash, said Grayscale's CEO.

Ethereum's Layer 2 Debate: Buterin Aligns with Daniel Wang on Validium Classification

Ethereum's Layer 2 Debate: Buterin Aligns with Daniel Wang on Validium Classification

Vitalik Buterin agrees with Daniel Wang on classifying Ethereum rollups using external data chains as validiums, not traditional rollups. This debate underscores the nuances in Ethereum's layer-2 scaling solutions, focusing on security and scalability trade-offs.

Crypto Businesses Given the Green Light to Set Up in Dubai’s Free Zone

Crypto Businesses Given the Green Light to Set Up in Dubai’s Free Zone

Following a memorandum of understanding (MoU) between the Dubai Multi-Commodities Centre (DMCC) Free Zone and the Securities and Commodities Authority (SCA), crypto businesses have been granted the liberty to operate in DMCC once registered licenses are granted.

Arab's Financial Security Publishes a Tentative Draft Resolution for Crypto Regulations

Arab's Financial Security Publishes a Tentative Draft Resolution for Crypto Regulations

Securities and Commodities Authority in the United Arab Emirates released a draft containing their tentative resolutions on how the crypto market will be regulated.

Financial Conduct Authority, on the 2 Key Initiatives to the Era of Open Finance

Financial Conduct Authority, on the 2 Key Initiatives to the Era of Open Finance

Following the Part 1 interview of the Financial Conduct Authority, Maha El Dimachki, Head of Payments of the FCA reveals some of her key initiatives in the FCA, including the significance of the second Payment Services Directive (PSD2) among the EU countries and the rationale of the Stronger Customer Authentication. As Co-Chair of Spectrum, the BAME Network Group at the FCA, El Dimachki also provided some advice for women in FinTech!

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