Several industry leaders, including Coinbase, Meta, Ripple, Gemini, Kraken, Match Group, and GASO, have joined forces to launch the ‘Tech Against Scams’ initiative. This coalition’s main objective is to address online fraud and financial schemes, emphasizing that scams are not limited to social media, cryptocurrency, or finance sectors. According to a blog post by Coinbase,
Crypto
Bitcoin had a tumultuous week, experiencing significant volatility as a result of speculation surrounding the approval of spot Ethereum ETFs in the United States. The week started with Bitcoin struggling to maintain a price above $66,000, slipping below that level multiple times. However, on Monday, Bitcoin saw a dramatic surge, gaining over five thousand dollars
Back in 2010, a Floridian programmer known as Laszlo Hanyecz made history when he purchased two Papa John’s pizzas for 10,000 BTC. At the time, the value of the cryptocurrency was a mere $0.0041, making the total cost of the pizzas around $41. Fast forward to today, and that same amount of bitcoin is now
The cryptocurrency market has seen a concerning trend lately, with an increasing number of tokens being launched with limited circulating supply and inflated valuations. This has raised questions regarding the sustainability of the upside potential for traders following the token generation event (TGE). Binance Research’s latest findings have highlighted this issue, outlining the potential risks
OKX, a major cryptocurrency exchange, recently announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong effective May 31, 2024. This decision came as a result of the exchange withdrawing its virtual asset service provider (VASP) license application. While OKX cited “careful consideration” of its business strategy as the
A recent case involving a Taiwanese national charged with running Incognito Market, a darknet drug bazaar, has brought to light the seedy underbelly of illegal online drug sales. The accused, operating under the pseudonym “Pharoah,” allegedly oversaw a platform that transacted over $100 million in cryptocurrency, primarily through selling dangerous substances like fentanyl. Rui-Siang Lin,
The world recently bid farewell to a beloved icon of internet culture, Kabosu, the Shiba Inu who captured the hearts of millions as the face of the “Doge” meme. With her iconic expression and humorous captions, Kabosu symbolized the whimsical and endearing nature of the online world. Her owner, Japanese kindergarten teacher Atsuko Sato, announced
The recent sale of $2.6 billion worth of discounted Solana tokens by the bankrupt crypto exchange FTX has sparked significant interest within the crypto community. Figure Markets and Pantera Capital were among the buyers who participated in the auctions and acquired large quantities of SOL tokens at discounted prices. The results of the auction were
In a recent unanimous decision, the U.S. Supreme Court ruled against Coinbase Inc. in an arbitration dispute arising from the cryptocurrency exchange’s 2021 Dogecoin sweepstakes. The ruling clarified the importance of determining which legal agreement takes precedence when parties are governed by multiple contracts. This decision sheds light on the complexity of arbitration agreements and
The recent decision by the United States House of Representatives to prohibit the Federal Reserve from directly issuing a Central Bank Digital Currency (CBDC) has stirred up significant debate within the crypto community. This move has been viewed as a victory for supporters of decentralized currencies like Bitcoin, who prioritize privacy, individual sovereignty, and free
