Category: News

Spain Arrests Group That Used Truck Cranes to Steal ATM Machines

Four suspects have been arrested in Madrid and Guadalajara. They stole crane trucks and obtained reflective vests so they can pose as construction workers doing road maintenance. In fact they used the crane arm to knock down walls, unhook the ATM machines, load them on the trucks and drive off without witnesses paying much attention …

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Worldcoin’s WLD Token Soars Over 180% to ATH as User Count Hits 1 Million

The Worldcoin token, co-founded by OpenAI CEO Sam Altman, has experienced a significant increase of over 186% in the past week. Despite rising controversial views on its methods and regulatory issues, the project has had major growth recently and has attracted a lot of users. On February 18, Worldcoin shared an update on X, revealing …

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Gemini Settles With New York DFS, Commits to Return $1.1 Billion to Earn Customers

Gemini agrees to return a minimum of $1.1 billion to customers of its defunct Gemini Earn Program as part of its settlement deal with New York regulators. Gemini launched the Earn program in 2021, with Genesis, an arm of Digital Currency Group (DCG), as its partner. FTX’s crash in 2022 subsequently caused Genesis to halt …

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Manta Network Faces Allegations of Money Laundering Following Bithumb Listing

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. …

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This Network Had as Many Users as Ethereum in 2023: Flipside Data

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 …

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Life Imprisonment for Korean Crypto Criminals Who Steal More than This Amount?

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 …

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Why is the Ethereum (ETH) Price Up Today?

Ether is up in double digits this week and appears to be just heating up. Buyers are coming in strong, and they have already taken the price above $2,700 at the time of this post. This rally is being driven by Bitcoin’s in the past three days. The recent bullish cross on the 3-day MACD …

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Crypto Price Analysis Feb-23: ETH, XRP, ADA, SOL, and BNB

Einsteinium briefly broke above $3,000 this week and booked a 4% price increase. Since tapping $3K, ETH entered into a correction, which could see the price re-test the key support at $2860. XRP successfully broke above the 54 cents resistance, the price fell, and a 5.6% loss was booked this week. If buyers manage to …

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Former BitMEX CEO Arthur Hayes Champions ‘Points’ Over ICOs in Crypto Fundraising

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 …

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Spanish Authorities Arrest 5 Suspected of Fake Banknote Scheme

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 …

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