FBI issues warning about scammers impersonating crypto exchanges

Following its initial foray into the nonfungible token (NFT) space with the Adidas for Prada re-source project in partnership with digital artist Zach Lieberman and SuperRare, iconic fashion brand Prada has now announced its first independent NFT collection accompanying the Prada Timecapsule.An online event hosted on the first Thursday of every month, Prada Timecapsule has,…

Following the Nitro upgrade, activity on Arbitrum has surged and has nearly two-thirds of the transaction activity seen on the Ethereum base layer. 342 Total views 27 Total shares Ethereum layer-2 scaling solution Arbitrum has seen a massive surge in activity since its Nitro update in August, having just clocked around 62% as many transactions…

A senior executive at one of Asia’s biggest banks has said the $9 trillion trade finance industry needs to be digitized in order to tackle fraud, according to a Bloomberg article published on May 5.Ng Chuey Peng, managing director and head of global commodities finance at Singapore’s Oversea-Chinese Banking Corp Ltd. (OCBC), criticized the industry’s reliance on paper receipts,…

Those that were around in 2017 likely remember the initial coin offering (ICO) craze, which saw swathes of new projects emerge — many of which generated staggering returns for participants in a matter of weeks or months. Although many ICO-funded projects turned out to be duds, a small proportion grew and evolved to become the current…

Wrapped XRP (wXRP) is a crypto asset pegged to XRP (XRP) and can be used on blockchains other than Ripple’s native XRP Ledger. Ripple is a blockchain-based global payments system providing crypto solutions for businesses, and XRP is the native currency of the Ripple network. Identical in value, its wrapped version, wXRP, can be used…

O’Leary emphasized that the truth about FTX can be discovered, thanks to the unique nature of blockchain technology. Own this piece of crypto history Collect this article as NFTIn an interview with Yahoo Finance on Dec. 6, Shark Tank’s Kevin O’Leary called for calm in the wake of FTX’s collapse. The exchange’s former CEO, Sam…

The real estate developer’s fintech unit already has a digital banking license in Singapore; “We are ready to step into Hong Kong,” CEO says. A Greenland Holdings subsidiary is applying for a virtual asset trading license in Hong Kong, the South China Morning Post reported. It is the first state-owned Chinese company to do so. Greenland…

Update (Aug. 18 at 2:09 pm UTC): This article has been updated with both sides’ perspectives and additional information. Further commentaries are expected from both sides.Crypto influencer Evan Luthra has brought a lawsuit against crypto exchange Bitget for freezing his account after a new token listing in March. According to Luthra, the exchange suspended his…

The bill is a response from the Alabama Senator to Senator Warren and the Department of Labor’s bid to block Bitcoin investments in self-directed 401(k) investment plans. 264 Total views 4 Total shares Republican Senator Tommy Tuberville from Alabama has unveiled a new bill he calls the Financial Freedom Act to allow Americans to add…