WazirX slams external forces for delaying restructuring efforts
This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users’ interests.
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Valve removes blockchain games, tells users not to publish content on crypto or NFTs
“Steam's point of view is that items have value and they don't allow items that can have real-world value on their platform,” claimed one game developer. 152 Total views 2 Total shares Video game corporation Valve has informed users no content related to cryptocurrencies or nonfungible tokens will be allowed through its Steam marketplace.As reported…
Bitcoin’s ‘most interesting monthly candle’ emerges, but don’t celebrate yet
Bitcoin’s monthly candlestick pattern could indicate where markets are going next, according to analysts.
Ripple Passes Ethereum to Claim Number Two Ranking on CoinMarketCap
Altcoin Ripple (XRP), which has seen an explosive amount of growth over the past week, has overtaken Ethereum (ETH) to be ranked number two by total market capitalization on CoinMarketCap.As of press time, Ripple has a listed market cap of around $26 billion, while Ethereum — now in third on CoinMarketCap — has around $23…
Crypto Exchange Upbit Confirms Theft of 342,000 Ether — $50M
Major South Korean cryptocurrency exchange — run by a subsidiary of Korean tech giant Kakao — has notified users of the theft of 342,000 Ether (ETH) from its hot wallet.The incident was confirmed in an official statement written by Lee Seok-woo, the CEO of Upbit’s operator, Dunamu, on Nov. 27.Upbit will use corporate funds to…
US enforcement agencies are turning up the heat on crypto-related crime
On the evening of Jan. 7, Anatoly Legkodymov, founder of the cryptocurrency exchange Bitzlato, was arrested in Miami. The following day, the United States Department of Justice (DOJ) unsealed a complaint in federal court charging him with “conducting a money transmitting business that transported and transmitted illicit funds.” According to the DOJ, Bitzlato failed to…
Appellate court decision allows Bitconnect class action to proceed
The superior court has reversed a lower court’s decision, making it possible for a class action to proceed against the promoters of one of crypto’s most infamous scams. The 11th Circuit Court of Appeals has ruled that victims of the Bitconnect Ponzi scheme can proceed with a class action suit by reversing a previous ruling…
User loses $32 million spWETH in a sophisticated phishing attack
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Exec who bamboozled clients with crypto jargon pleads guilty to $3.25M fraud
A crypto escrow executive has pled guilty to defrauding his client out of $3.25 million. The U.S. Department of Justice (DoJ) announced that the principal of crypto asset escrow company Volantis Market Making has pled guilty to commodities fraud worth more than $3.25 million on October 1.Volantis executive, 49-year-old Jon Barry Thompson, made false representations…