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US Prosecutors Charge Two NFT Scammers On Friday, two California-based men were charged with masterminding several NFT rug pulls that saw investors lose over $22 million. The US Justice Department said the NFT scheme was the largest it had ever prosecuted. The accused, Gavin Mayo and Gabriel Hay, were charged with conspiracy to commit wire
Andrew Richard2 min read
The arguments and counter-arguments surrounding Hailey Welch and the Hawk Tuah meme coin have led to a court battle between the coin’s creators and investors. Hailey Welch’s Hawk Tuah Coin Promotion Hailey Welch, a popular crypto influencer known as the “Hawk Tuah Girl,” has fallen silent amid controversy surrounding a cryptocurrency she promoted recently. Her
Bradley Nelson3 min read
Wallets holding less than 1 BTC are on the rise, and big wallets are also witnessing a new peak, which could further boost confidence in the cryptocurrency. Growing interest from small-scale investors and large institutions supports the continued rise in Bitcoin price. This BTC price rally hints at greater market confidence. Number of Retail BTC
Bradley Nelson3 min read
As more users start using the platform, it will be interesting to see whether the Hedera Hashgraph can handle thousands of user transactions without performance degradation. The digital world is immense, with various ledgers. While such ledgers are blockchain-based, many suffer from inefficiencies, especially slow transaction speed. Thus, Hedera Hashgraph offers the ideal solution to
Bradley Nelson4 min read
South Korean authorities have accused North Korean hackers of attacking the Upbit crypto exchange in 2019 and making away with $50 million in crypto. According to the National Office of Investigation (NOI), notorious hacker organizations Andariel and Lazaraus were behind the hack, in which about 342,000 ETH were stolen. Stolen Crypto Value Exceeds $1 Billion
Andrew Richard2 min read
Forcount Promoter to Serve a 20-Year Jail Term A New York-based federal court sentenced to jail Juan Tacuri on Wednesday. The man, who had been living in Florida, is expected to serve a 20-year jail term after being found guilty of promoting a global crypto Ponzi scheme, Forcount. Following the court’s ruling, the US Attorney’s
Andrew Richard2 min read
In recent months, US former President Donald Trump has attempted to win the support of crypto players by making massive promises for the sector. However, digital assets do not appear in the list of the Republican Party’s 20 core goals, leaving many to wonder whether Trump’s promises to crypto enthusiasts are genuine. What’s more, the
Andrew Richard3 min read
CoinDCX has launched a $6 million investor protection fund to safeguard users from financial losses. Days after the Indian crypto exchange WazirX suffered a multimillion-dollar hack, CoinDCX launched a crypto investors protection fund (CIPF). The funding will assist virtual asset service providers (VASPs) to enhance security measures to protect Indian investors from malicious attacks. CoinDCX
Kimberly Crain3 min read
WazirX launching a bounty program to recover $230 million stolen in the July 18 hack. On Thursday, the Indian crypto exchange suffered a multimillion hack, leading to huge financial losses. The renowned cybersecurity firm Elliptic reported that hackers escaped with over $230 million. WazirX Launching Bounty Program to Recover Stolen Funds The Elliptic team noted
Kimberly Crain3 min read
In its official announcement, the White Settlement Police Department (WSPD) confirmed that it rescued an elderly woman from falling into a scammer’s trap. A bystander informed the WSPD that a woman was depositing a large amount of funds at a Bitcoin ATM located on South Cherry Lane. WSPD Saves Elderly Woman From Scam The troubled
Kimberly Crain2 min read
As El Salvador seeks to become the epicenter of crypto in central America, other countries are impressed by its Bitcoin success. The government of Argentina has announced plans to collaborate with the Nayib Bukele administration to understand the approaches used by El Salvador to push for the adoption of crypto. Since 2021, the Salvadoran government
Kimberly CrainUpdated 3 min read
The Abu Dhabi Agriculture and Food Safety Authority (AFSA) has imposed restrictive measures on farmers mining crypto. The United Arab Emirates(UAE) regulators noted that the crypto miners used agricultural land to mine digital assets. In its advisory report, the AFSA urged farmers to avoid turning their farms into crypto-mining sites. The regulators claimed that individuals
Kimberly Crain2 min read
