The Federal Bureau of Investigation (FBI), in its latest announcement a few days before Valentine’s Day, has cautioned against romance scams during this period in the San Francisco Bay Area. According to the FBI, cryptocurrency-related romance scams are rising following complaints it received that bordered on internet crime at its district office in San Francisco. […]
Sovereign wealth funds in South Korea have started to make plans for the future, as they seek to invest over $200 billion in startups dealing in alternative assets, the metaverse, and Artificial Intelligence in Silicon Valley. The head of the sovereign wealth funds, Korea Investment Corp, revealed that it was looking beyond tech stocks, as […]
One of Tennessee’s lawmakers, Jason Powell, has sponsored a bill that allows the state government to invest in crypto, including the burgeoning NFT sector. The bill, known as house bill 2644, would make it legally binding for any county, municipality, or state to invest in blockchain technology, digital currencies, and NFTs. Key Highlights From The […]
One of Russia’s wealthiest men, Vladimir Potanin, has claimed that national digital currencies such as the digital ruble have more real-world meaning than BTC and other private digital currencies. Potanin made his opinion known among the two digital currencies in the latest Bloomberg interview. National Digital Currencies Are The Future Of The Finance World – […]
After accounting behemoth, KPMG Canada, joined the list of institutional investors in cryptocurrency, another top Canada-based institutional investment firm, TMX, is set to join the bandwagon. The TMX Group is Canada’s biggest stock market operator and has announced plans to launch a maiden crypto ETP. Details About This New Listing This new listing will make […]
BTC found new bullishness today to break a 12-week decline. The crypto fear & greed index hit 48 today, making it the highest in 12 weeks and signifying a major shift in the crypto market. The crypto market cap is back at the $2 Tr levels following a month of intensive selling pressure by the […]
Belarus is not planning to fasten its free cryptocurrency legislation even as its neighbouring ally, Russia suggested to restrict token mining and transactions. The Eastern European Country of Belarus has given a go-ahead to let investment funds seek exposure to digital possession. This was approved in December 2017. The Belarusian government embraced Decree No. 8 “On the […]
ETH 50-Week Moving Average Ethereum price has bounced back moving with the power of 50 weeks average, a trustworthy assistance level from 2020-to 2021 transactions. Ethereum’s native token Ether (ETH) is prepared to hit $3500 in the upcoming season as it repossesses a strong support level on February(Feb 5). Ethereum rising above its 50-week moving […]
While examining the amount of Ether held by the top ETH whale exchange addresses, on-chain data analytics Santiment, reveals that the top ten whale addresses hold about 5.83 million Ethereum. In contrast, non-exchanges hold about 24 million ETH. Santiment notes that this could be attributed to the sustained trend of shifting cryptos away from exchanges. […]
Animoca Brands led Web3’s virtual identity network NFT3s to complete the seed investment round, bagging a total sum of $7.5million. The founding round investors included investment leaders and venture capitalists such as US health care company Prometheus Labs, Digital Finance Group, and crypto fund investment company LD Capital also participated in the round. Web3’s Chief […]
The Bitcoins that were stolen from the Bitfinex hack as of 2016 are currently in motion. The Bitcoin address that holds the cryptocurrencies have been under close surveillance from the period of the hack till now. There are wild guesses that the coins are being transferred to a different address in anticipation of liquidation or […]
Cardano now has a new DEX (called ADAX) five months after enabling Smart contracts on the platform. Part of the official announcement from the Cardano team indicated that the new DEX is an integral part of the long-term development of the Cardano community. The Cardano team had previously launched a testnet for the ADAX platform […]
The founder and CEO of MicroStrategy have announced that he and his team will be hosting a virtual seminar to enlighten growing businesses on the need to understand the global tech trend in the crypto space and how to integrate it into their business for more profitability. The announcement was made on his Twitter handle […]
There has been an increase in the number of users that operate on derivatives DEXs, which is as a result of a surge in the number of retail investors that have chosen to go into derivatives trading as well as decentralized exchanges DEXs, the action is partly as a result of the laws in the […]
Financial Times has published a report stating that Meta plans to add NFTs functionality on Instagram and Facebook. Last year, Facebook Inc. changed its name to Meta. Mark Zuckerberg, CEO of Meta, has stated his intentions to introduce the metaverse into its social media platforms. Users will buy and sell on the platform using a […]
Qubit recently joined the unlucky list of DeFi protocols on the Binance Smart Chain (BSC) to get exploited. Approximately about $80 million worth of BNB tokens just got lost. The hack was carried out at the latter part of the night, on January 27, 2022, and was only discovered by the platform some few hours […]
The International Monetary Fund (IMF) has called on the Japanese government to cut back on its pandemic support program but to consider increasing taxes on capital income and properties as soon as the country’s economy completely recovers from the effects of the COVID pandemic. The IMF said that as the government has to continue supporting […]
In 2021, crypto devotees were persuaded that the US government had it in for them. And this is not without reason, as a thread of arrangements by the SEC and other controllers propose that government authorities are not at a commonplace with the industry, but rather a threat to it. The reason for this is […]
Per Bloomberg, the US SEC probes three crypto-yield companies over proper registration issues. Why The Probe? While none of the firms have been alleged of any misconduct, multiple sources reveal that the SEC is investigating whether crypto yield firms’ offerings should be considered securities. The operations of crypto lending firms are similar to the way […]
In 2021, the crypto community witnessed a tremendous rise that also led to crypto fraudsters coming out in their numbers to prey on the users of the platform. Of late, several YouTubers that capitalize on crypto content creation reported that their accounts were hacked and noticed that fraudulent videos had been put up on their […]
