In a recent turn of events, the crypto exchange HKVAEX, associated with Binance, has decided to withdraw its virtual asset trading platform license application from the Hong Kong Securities and Futures Commission (SFC). This move comes after the deadline set by the Hong Kong securities regulator for crypto exchanges and firms to apply for the
In 2023, the world of cryptocurrency saw a significant decrease in illicit transactions, with data from TRM Labs showing a drop of $14.7 billion from the previous year. Despite the overall decrease, TRON blockchain stood out as the host of 45% of all crypto frauds in 2023, which is a 4% increase from the previous
Bitcoin (BTC) is showing signs of a potential surge as it forms a bullish technical pattern on its 4-hour chart. Analysts have identified a bull flag pattern, which typically follows a significant price increase and signals a consolidation period. Despite a recent dip below $61,000, Bitcoin rebounded into the $67,000-$70,000 range, solidifying the potential validity
Recent events have shown that Binance executive Tigran Gambaryan has taken legal action against Nigerian authorities, particularly targeting the National Security Adviser Nuhu Ribadu and the Economics and Financial Crime Commission (EFCC). Gambaryan, along with his colleague Nadeem Anjarwalla, was detained on Feb. 26 in connection with investigations into the operations of the exchange in
The recent sentencing of FTX founder Sam Bankman-Fried to 25 years in prison and the forfeiture of over $11 billion has sent shockwaves through the financial world. U.S. Attorney Damian Williams stated that this harsh punishment serves as a warning to potential fraudsters, emphasizing the severity of consequences for engaging in financial crimes. During the
5thScape, the virtual and augmented reality (VR and AR) cryptocurrency gaming ecosystem, has recently been making waves in the world of decentralized finance. With the ongoing presale of its native token, 5SCAPE, the project has managed to raise an impressive $2.8 million, signaling strong interest from investors and gamers alike. The platform promises to offer
The first quarter of 2024 has brought both good and bad news for the Web3 ecosystem in terms of security. According to the latest report by Immunefi, a bug bounty and security services platform, a total of $336 million was lost to Web3 hackers and fraudsters in this period. This represents a 23% decrease compared
The US and UK governments have initiated a collaborative investigation into crypto transactions exceeding $20 billion that are suspected of breaching Russian sanctions. These transactions are believed to have been funneled through the Russian crypto exchange, Garantex, as a means to evade international sanctions and potentially fund military endeavors in Ukraine. Despite facing comprehensive sanctions,
After a period of bearish sentiment, Bitcoin bulls seem to have taken control once again as evidenced by the significant inflows into Spot Bitcoin ETFs. Farside Investors recently reported that on March 27, the Spot Bitcoin ETFs saw inflows of $243 million. This surge was largely driven by BlackRock’s iShares Bitcoin Trust (IBIT) and ARK
The meme coin markets on Solana have been experiencing a surge, with one of the latest tokens, Christ is King (CHRIST), skyrocketing by over 770,000% in just 24 hours. The sudden viral success of Christ is King has propelled it to new heights, making it a hot topic in the cryptocurrency world. Despite its impressive
