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, …
Feb 27 2024
Binance has frozen $4.2 million worth of XRP following the largest hack of 2024. The hack saw $112 million stolen from Ripple co-founder Chris Larsen’s personal wallet on January 31. Binance CEO Richard Teng announced the news on social media platform X. He also expressed gratitude towards on-chain investigator ZachXBT and the Ripple team for …
Feb 26 2024
The upcoming Bitcoin (BTC) halving is likely a bullish development, but a slew of outside factors mean it likely won’t play out the same as in previous years. Last month, the company successfully converted its Grayscale Bitcoin Trust (GBTC) into the world’s largest Bitcoin ETF. The introduction of such ETFs may impact Bitcoin’S price as …
Feb 26 2024
Kürşat was extradited from Italy, where he was arrested on New Year’s Eve. He is accused of providing legal counsel to Gary Robb, a British national, who was convicted of fraud in 2011. The court released him on bail after he pledged a 75,000 euros (US$80,685) bond. The Greek Cypriot owners of those properties were …
Feb 26 2024
The sanctions were imposed against 106 individuals and 88 entities responsible for perpetuating what the Council of the EU described as an illegal, unprovoked, and unjustified war of aggression. Those designated will be subject to an asset freeze, while EU citizens and companies are now prohibited from providing funds to them. The EU is “further …
Feb 25 2024
The Financial Conduct Authority (FCA) has issued 450 warnings to companies unlawfully promoting cryptocurrency assets. The regulatory agency is currently collaborating with technology firms to eliminate and block unauthorized advertisements across various platforms like websites, mobile apps, and social media accounts. This effort led to the removal of 35 apps from App Stores by the …
Feb 25 2024
Large entities’ total bitcoin (BTC) holdings have grown to a level last seen in July 2022 due to their unwavering accumulation of the digital asset. Analysts said large investors expanding their holdings correlate with BTC’s higher prices as they indicate increasing demand for investment purposes. Some large entities accumulating BTC are the new spot Bitcoin …
Feb 25 2024
Corruption will continue to thrive until justice systems can punish wrongdoing and keep governments in check, according to Transparency International. The organization noted that the majority of countries have shown minimal to no improvement in tackling public sector corruption. It warned that the rise in impunity for corruption is fueled by both authoritarian regimes and …