Oct 07 2023
Kraken, an already prominent virtual currency exchange network, just declared its intention to acquire Coin Meester B.V. (BCM) This strategic acquisition aims to cement Kraken’s foothold in the European region while enhancing compliance with the changing regulatory climate. BCM was established in 2017 and has already amassed a reputation as one of the oldest and …
Oct 07 2023
Bitcoin’s price has been on the move throughout the past 24 hours and managed to increase to around $28,000. This comes on the back of millions worth of liquidated short positions and an increased trading volume across the board. As the market sentiment betters, we decided to take the opportunity to poke ChatGPT’s artificial brains …
Oct 07 2023
FTX co-founder Gary Wang revealed more details of Alameda Research’s corrupt relationship with his exchange on Friday. Wang claimed that the function required for Alameda to steal client funds had been baked into FTX’s computer systems back in 2019. As Wang had , Alameda could withdraw unlimited funds from FTX. This feature was later exploited …
Oct 06 2023
Binance, the world’s largest cryptocurrency exchange, announced on Wednesday that it has initiated the process of selling its Russian operations. “Binance has entered into an agreement to sell the entirety of its Russia business to ,” the company said in a statement. Binance emphasized that, while financial details of the transaction would not be disclosed, …
Oct 06 2023
The US commodities regulator has targeted yet another crypto exchange for allegedly running a ‘fraudulent’ digital asset commodity scheme. The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the US District Court for the Southern District of Florida against Pennsylvania-headquartered Mosaic Exchange Limited. The CFTC alleged that Mosaic and its operators fraudulently …
Oct 06 2023
Cardano topped the chart for developer activity over the past 30 days with an impressive score of 572. The network continues to eclipse several prominent projects such as Polkadot, Hedera, Chainlink, and Cosmos. Cardano has faced a setback in the second half of 2023 due to regulatory concerns or fierce competition from layer-2 networks such …
Oct 05 2023
British authorities have reported that people in the U.K. lost more than US$113 million last year in so-called “romance scams” A perpetrator creates a fake identity, gains the victim’s affection and trust and then empties his or her bank account. Swindlers can find fertile ground for their scams on dating apps, sites, and social media …
Oct 05 2023
The investigation began in 2021 when authorities detected three cases of fraudulent activities involving VAT spanning from 2019 to 2021. Law enforcement soon uncovered that a criminal network in Spain was facilitating the purchase and sale of used luxury vehicles between German and Portuguese companies. The network sold and purchased high-end luxury vehicles through a …
Oct 05 2023
Italian Financial police say they have targeted a criminal syndicate whose members were stealing millions of euros. Officers targeted 75 individuals, conducted 16 searches in several regions of Italy, seizing items relevant to the two-years-long probe. Investigators believe that a criminal group with ties to the Mafia is misusing national and EU public funds. The …
Oct 04 2023
Einsteinia experienced an extended consolidation phase near the $1.6K support level. The price surged towards the 100 and 200-day moving averages, located around $1765 and $1805, respectively. If the price is rejected within this range, it could indicate a valid pullback, potentially leading to another decline. Alternatively, if Ethereum buyers successfully push the price above …