Influencers shilling memecoin scams face severe legal consequences

A crypto company is launching “one of the first inter-blockchain, mobile decentralized exchanges” on April 23 — and says its platform is going to solve major problems currently seen in its centralized counterparts.According to the SovereignWallet Network, M.DEX is designed to address three key issues that have been having a detrimental effect on the usability…

Japanese IT giant GMO Internet Group has published the latest monthly disclosure on its in-house crypto mining operations, confirming that it took a steep hit in overall mining revenue. GMO released the disclosure in a publicly available document on Jan. 8, also revealing a steady increase in its monthly Bitcoin (BTC) mining rewards.As previously reported,…

More education and awareness for crypto asset investing “would be helpful” according to Treasury officials. 1010 Total views 5 Total shares The United States Treasury Department is launching a new initiative to raise awareness of the risks involved in investing in digital assets.The move comes as the asset class transitions from a niche market into…

Cybersecurity firm CertiK reported that as of August, over $997 million was lost to flash loan attacks, exit scams and exploits in 2023. 132 Total views 9 Total shares Malicious actors targeting the crypto space have taken more than $45 million in digital assets from their victims in the month of August alone and a

Bitcoin hashprice, when compared to BTC price action, is reminiscent of conditions that preceded the 2020 breakout to new all-time highs.

A new partnership with LegitDoc places India among early adopters to implement an e-governance system for higher education. 3040 Total views 38 Total shares The Government of Maharashtra recently announced a partnership with Indian blockchain startup LegitDoc to implement a credentialing system powered by Ethereum (ETH) for providing tamper-proof diploma certificates. To counter the rise in…

The first pilots of Russia’s digital currency are expected to launch in H1 2021. A number of financial institutions in Russia have expressed interest in testing the country’s central bank digital currency, or CBDC.According to an Oct. 16 report by local news agency Izvestia, at least five Russian banks are interested in taking part in…

Since making its first investment in October, Polychain Capital is now the 10th-largest holder of YFI. 1687 Total views 23 Total shares Institutional money appears to be flowing into the decentralized finance (DeFi) sector, with Yearn Finance (YFI) among the top beneficiaries.According to crypto market data aggregator IntoTheBlock, on-chain transactions of $100,000 or higher have…

A blockchain lending firm has seen the value of total loans funded surge to $1 billion since the United States Federal Reserve announced its emergency stimulus interest rate cut last week.In an announcement on March 10, Figure Technologies — which claims to be the industry’s first fintech to bring lending to the blockchain — said…