Mar 02 2024
Manta Network (MANTA) has found itself entangled in a controversy surrounding allegations of money laundering. The controversy emerged when DeFi enthusiast Definalist took to Twitter, suggesting potential misconduct by Manta Network on the day of its Bithumb listing. Two million MANTA tokens were transferred to the personal wallet of Manta’s Korean Business Development (BD) representative. …
Mar 01 2024
Polygon acquired 15.24 million users that year, coming close to Ethereum’s 15.4 million, with a difference of around 160,000 wallets. Flipside defines an “acquired” user as someone who engaged in at least two transactions on a specific blockchain, with at least one occurring in 2023. In January, achieved a remarkable milestone with 2.8 million acquired …
Mar 01 2024
The South Korean government is taking extra steps to ensure the protection of crypto investors from unfair market activities and criminals. The new measures are part of the Virtual Asset User Protection Act, which is expected to be effective on July 19, 2024. The law protects the assets of crypto users and investors, tasking crypto …
Feb 29 2024
Former BitMEX CEO Arthur Hayes made a compelling case for the emergence of ‘points’ as a superior alternative to traditional initial coin offerings (ICOs) Hayes argued that points combine the best aspects of ICOs and yield farming while addressing their respective limitations. Unlike ICOs, there is no direct exchange of money for tokens, mitigating regulatory …
Feb 29 2024
Five people have been arrested in Spain in a so-called “wash wash scam” They sold pieces of blank paper shaped like banknotes and convinced victims that washing them with special chemicals would transform them into real money. In this type of scam, also known as the “black money scam,” perpetrators claim to possess cash that …
Feb 28 2024
Elastic Security Labs has uncovered a sophisticated cyber intrusion by North Korean hackers believed to be associated with the Lazarus group. This incident, tracked as REF7001, involved the use of a new macOS malware named Kandykorn, which has been specifically designed to target blockchain engineers involved in cryptocurrency exchange platforms. What sets this attack apart …
Feb 28 2024
Kyrgyzstan’s leading investigative journalism outlet Kloop to be liquidated. Kloop began publishing investigations in 2010 when a group of its teenage journalists uncovered how the son of the Kyrgyz president gained illegal financial control over the country’s largest telecommunications operator. Experts invited by the court to testify say that these and other stories have contributed …
Feb 28 2024
The Securities and Exchange Commission (SEC) disclosed that multi-factor authentication (MFA) on its X account was disabled leading up to a false post. The incident occurred on Tuesday, January 9, 2024, when the SEC’s @SECGov account was compromised. Unauthorized posts regarding the approval of spot Bitcoin exchange-traded funds emerged. It was revealed that the unauthorized …
Feb 27 2024
The past seven days in the cryptocurrency market have been absolutely blasting. The total capitalization soared above $2 trillion for the first time in a long while. Bitcoin seems to be ahead of the pack for the most part, charting an increase of more than 10% in the last week. It appears that the investment …
Feb 27 2024
New York Attorney General Letitia James has massively expanded her lawsuit against Digital Currency Group (DCG) for allegedly defrauding hundreds of thousands of investors. The AG accused both firms – alongside DCG CEO Barry Silbert and ex-Genesis CEO Soichiro Moro – of “defrauding additional individuals and institutions of an additional $2 billion” Back in October, …