McDonald’s Instagram hackers make $700K shilling Grimace memecoin
Scammers hacked the official McDonald’s Instagram account to promote a sham memecoin based on the fast food giant’s mascot Grimace.
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Exclusive: Hackers selling discounted tokens linked to CoinEx, Stake hacks
Blockchain analytics investigators have uncovered an individual linked to a cryptocurrency laundering operation offering stolen tokens at discounted prices from recent high-profile exchange hacks.Speaking exclusively to Cointelegraph, a representative from blockchain security firm Match Systems outlined how investigations into several major breaches featuring similar methods through the summer months of 2023 have pointed to an

Huobi Buys Majority Stake in Japanese-licensed Crypto Exchange BitTrade
Huobi Global's wholly owned subsidiary, Huobi Japan Holding Ltd, has recently acquired a majority stake in Japan’s BitTrade — one of only 16 regulated crypto exchanges in the country, Cointelegraph Japan reports Wednesday, September 12.As Cointelegraph has learned, Huobi Japan will get 100 percent of the shares from True Joyful Limited, BVI, which holds holds…

$28,000 Bitcoin is in the cards, but it won’t happen without a struggle
Bitcoin’s price declined for eight consecutive days through May 13, totaling a 9.4% correction. The last time such a losing streak happened was on June 14, 2022, after the Celsius lending platform halted withdrawals and FUD — fear, uncertainty and doubt — emerged from United States software firm MicroStrategy’s loan being liquidated at $21,000.Nothing remotely similar…

Crypto game rewards not ‘crucial,’ Farmville creator makes case for beta releases: Web3 Gamer
Farmville creator defends game beta releases, and crypto game rewards are not a “crucial” component according to Sam Saliba: Web3 Gamer

Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs
While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and "corruption," executives told Cointelegraph.Speaking to Cointelegraph, Chris Maurice, founder and CEO of Yellow Card — Africa’s largest cryptocurrency exchange — said crypto in Africa “is growing…

China: Loudi City Mayor Promotes Blockchain to Fight Crime
Blockchain is making further inroads with municipal authorities in China, as the mayor of Loudi supports its use to combat crime. The mayor of Loudi, a city in China’s Hunan province, has characterized blockchain technology as a powerful “weapon” that can effectively tackle crime.At a meeting of Loudi’s Municipal Public Security Bureau on Aug. 10,…

What are flash loans in DeFi?
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South Korea Province to Issue Own Coin as Gov’t Says Crypto Should Be ‘Accepted’
The government of a South Korean province will issue its own blockchain-based digital currency in a move to replace a state loyalty scheme, local media first reported Monday, August 27.Officials in Gyeongsangbuk-do will partner with blockchain startup Orbs to create Gyeongbuk Coin, which it will roll out to consumers in lieu of the existing “Hometown…