Jun 14 2023
eToro bans US customers from buying four crypto assets that were recently deemed securities by the United States Securities and Exchange Commission. Customers will still be able to retain the ability to “hold and sell existing positions in these coins.” Earlier this year, the SEC filed lawsuits against Coinbase and Binance in lawsuits against the …
Jun 14 2023
Regulators warn that crypto and fiat held on mobile apps may not actually benefit from the FDIC’s policy of insuring up to $250k per depositor. Consumers are often given the impression that in the event of the platform going bankrupt, the government will reimburse user funds stuck with these services. This is not the case. …
Jun 14 2023
Seychelles-based cryptocurrency exchange OKX has implemented the 20th round of its Buy-Back and Burn program. The total number of OKB tokens bought back from the secondary market and burned was 5,497,312.77, worth $258 million at a 90-day average. The crypto exchange launched the Buy- back and burn program in May 2019. It started repurchasing OKB …
Jun 14 2023
The government alleges that Khan and Bibi accepted land worth millions of dollars as a bribe from property tycoon Malik Riaz Hussain. Hussain, 69, amassed his fortune through real estate ventures in Asia and is the owner of the Bahria Town gated flagship real estate empire. Khan was arrested in the same graft case on …
Jun 14 2023
Major cryptocurrencies like Solana (SOL), Polygon (MATIC), Cardano (ADA), and many others – are plummeting in value. Earlier this week, the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance, its CEO, and the US arm of the firm. The very next day, the SEC completed the one-two punch, filing another case …
Jun 12 2023
Bitcoin has undergone numerous ups and downs in its relatively short history, but only a few have been proclaimed as a full-on bull market. The latest one was back in late 2021 when the cryptocurrency skyrocketed to its ATH of $69,000. As bitcoin has recovered a lot of ground since its sub-$16,000 endeavor, the community …
Jun 12 2023
The move comes amidst growing calls from institutional digital-asset traders for a much-needed change after FTX’s dramatic collapse late last year that led to significant losses. Names of two potential intermediaries – Swiss-based FlowBank and Liechtenstein-based Bank Frick – have been mentioned, but details on further deliberations remained private. Both financial institutions have refrained from …
Jun 12 2023
Courier fraud is a ‘devastating crime’ that specifically targets older and vulnerable people, says City of London Police. In courier fraud scams, perpetrators pose as authority figures, including police officers and bank officials, to gain the trust of their victims. They employ high-pressure tactics to create a sense of urgency and force victims to comply …
Jun 12 2023
The largest amount lost by a user in the Atomic Wallet hack was $7.95 million in Tether (USDT) on the Tron blockchain. Further investigation that the five biggest losses account for a whopping $17 million. In the latest update, ZachXBT, who had previously receiving numerous messages from the wallet users regarding their lost funds, estimated …
