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The commodity futures trading commission (CFTC) is expanding its approaches to prevent consumers from being duped by crytocurrencies fraudsters. The Office of Customer Outreach and Education (OCEO) has worked with several credible organizations to provide specific anti-fraud message. This move is in line with the ongoing efforts to educate the public on the rising cases […]
As Telegram CEO and founder Pavel Durov is now released on a $5.6 million bail, France, as an EU member state, continues working on the case.
The news comes hours after a report revealed that Durovs phone was hacked back in 2017, a year before he met with the French president.
The Telegram founders unexpected arrest marks a significant development in the ongoing scrutiny of tech leaders amid growing legal challenges facing the crypto industry.
Telegram founder Pavel Durov was arrested in France on Aug. 24. Heres what we know so far and how prominent figures have reacted.
Bitfarms Ltd. has appointed Ben Gagnon as the new CEO, effective immediately. Gagnon, previously Chief Mining Officer, aims to expand and diversify the company's operations. (Read More)
As the trial of Binance executive Tigran Gambaryan restarts in Nigeria, Cointelegraph recaps the story so far.
Pixels CEO Luke Barwikowski explains that, unlike Web2 gaming companies that spend heavily on advertising, Web3 games can focus on directly rewarding players.
Arcade integrates ElevenLabs to offer AI-driven voiceovers, doubling usage and enriching customer experiences with multilingual support. (Read More)
Ripple CEO expressed confidence in resolving the prolonged legal battle with the U.S. Securities and Exchange Commission (SEC) soon after…
The post Bloomberg: Ripple CEO Confident in SEC Lawsuit Resolution After Next Weeks Meeting first appeared on The Crypto Basic.
Cryptocurrency firm Circle has achieved a significant milestone by securing registration as an electronic money institution (EMI) in France. This move grants Circle a crucial license to operate as a compliant stablecoin issuer under the European Union’s rigorous crypto laws. Circle Breakthrough According to a CNBC report, the approved license positions Circle as the first [...]
The post Circle Awarded Europes First Stablecoin License Under New MiCA Crypto Rules appeared first on Crypto Breaking News.
While the US markets are not yet prepared for an Ether staking ETF, the European markets might lead the way by introducing the first staked exchange-traded fund.
Bitfarms' new CEO Ben Gagnon and CFO Jeff Lucas will participate in a virtual fireside chat hosted by H.C. Wainwright. The event will cover key insights into the company's operations and future plans. (Read More)
Blockchain Life 2024, one of the world's leading events in web3, cryptocurrencies and mining, today announced the first wave of its esteemed speakers.
The post Blockchain Life 2024 in Dubai Unveils First Speakers appeared first on Crypto Breaking News.
The Hong Kong Mortgage Corporation Limited (HKMC) has appointed Colin Pou Hak Wan as the new CEO, effective December 2024, succeeding Raymond LC Li. (Read More)
Tether’s CEO Paolo Ardoino has alerted the crypto space to another wave of supply chain email scams in an X post. The CEO urged the community to exercise extreme caution while the issue is resolved. Related Reading: Solana-Based GameStop Tribute Token (GME) Soars 300% Following Roaring Kittys Return Exciting News: Its A Scam! On Wednesday, online reports surfaced of suspicious emails being sent to the crypto community. Per the reports, investors received emails from crypto companies offering an upcoming token airdrop. First, users received emails from Bitfinex announcing exciting news for the exchange. The email revealed an upcoming ERC20 airdrop of their new $BFX token for all Bitfinex users. The reason behind the airdrop was the recent approval of Ethereum spot exchange-traded funds (ETF). The email offered a claim now link that redirected to a website asking to connect to the users wallet. Despite the suspicious look of the email, investors doubted its legitimacy as it came from the crypto platforms official address. After being tested by the community, it was quickly revealed that the lookalike website was a scam page. An X user tested the page with an empty wallet and found they were not eligible for the airdrop. However, the user tried Rabby Wallets watch-only feature with a VB wallet. The user found that all the ETH would be sent to another wallet, so there was no airdrop for vb. The destination wallet was empty, which suggested that the scam generated a new wallet for each victim. The user confirmed the theory after testing it with a second wallet. This tactic would make tracking the number of victims and the money involved more difficult. Likewise, several users reported receiving strange emails from Coinbase asking to verify secondary addresses. The racist email claimed that the crypto exchange was shutting down and stated that all funds would be lost if they didnt verify their secondary email for withdrawal authorization. The email also came from the official Coinbase address. However, the post was unauthorized as the sender used racial slurs and doxed himself. Paolo Ardoino Warns Of Ongoing Crypto Scam Tether and Bitfinexs CEO, Paolo Ardoino, took X to address the situation. In his post, Ardoino revealed he had received reports from two independent sources confirming that a prominent vendor used by crypto companies had suffered a security breach. The vendor, which was not named, manages the mailing lists of several important crypto companies. Similarly, CoinGeckos COO Bobby Ong warned users about the ongoing supply chain email attack targeting the community: Several crypto companies may be affected via email blasts of fake token launches. Be careful with email newsletters in the coming days. Despite being affected by the security breach, Ong assured users that CoinGeckos website and mobile app had not been impacted and were safe to use. Moreover, he clarified that the crypto-tracking website was not launching a token, nor did it have plans to. Its worth noting that this is not the first time a supply chain email attack has targeted the crypto industry. In January, a massive phishing campaign drained around $600,000 from investors after a scammer sent unauthorized emails from different crypto-related companies. Related Reading: Ethereum (ETH) Set For Glorious Year, Analyst Eyes $10,000 Target It was revealed at the time that a member of the exploited vendors customer support team became the initial point of compromise. As of this writing, there are no official reports of affected users or lost funds yet. Featured Image from Unsplash.com, Chart from TradingView.com
CoinShares will reinvest $39.78 million from the sale of its FTX claim into growth opportunities and enhanced client services.
Tether, the issuer of the largest stablecoin in the cryptocurrency market, USDT, announced Monday the creation of a new synthetic dollar backed by gold. The token, aUSDT, was developed on the companys Alloy by Tether platform. By leveraging smart contracts on the Ethereum Mainnet blockchain, users can mint aUSDT by over-collateralizing it with another Tether [...]
The post Tether Unveils aUSDT: A New Gold-Backed Digital Currency For Payments Details appeared first on Crypto Breaking News.
Ripple has officially unveiled Ripple USD (RLUSD), confirming RLUSD as its forthcoming stablecoin trading symbol. This announcement first came from Ripples…
The post Ripple Officially Introduces Ripple USD (RLUSD) Stablecoin first appeared on The Crypto Basic.
Ki Young Ju, CEO of cryptocurrency analysis firm CryptoQuant, has given an ultra-bullish prediction for Bitcoin. The crypto founder alluded to certain factors that could spark the flagship cryptos rise to such heights. Bitcoin Could Rise To As High As $265,000 Young Ju mentioned in an X (formerly Twitter) post that Bitcoins network fundamentals could support a market cap three times its current size compared to the last cyclical top. He added that this development could help BTC rise to $265,000. The fundamental that the crypto founder was alluding to was the Hashrate/Market Cap ratio. Related Reading: Crypto Analyst Predicts 350% Surge For Shiba Inu Heres The Target Source: CryptoQuant The accompanying chart that Young Ju shared showed that Bitcoins hash rate is currently more than three times what it was at the last market cycle top. Meanwhile, BTC is still at the price level it was during that period. As such, the CryptoQuant CEO believes that Bitcoin could also see a 3x increase in its price, just like the Hash rate. Young Jus prediction provides a much-needed bullish outlook for Bitcoin, especially given the flagship cryptos recent decline and talk that Bitcoin may have already attained the market top for this cycle. Tom Lee, co-founder of research firm Fundstrat, also recently shared his bullish sentiment towards BTC, stating that the crypto token will still reach $150,000 this year. Meanwhile, similarly to Young Jus prediction, crypto analyst MacronautBTC had previously stated that Bitcoin could rise to $237,000. The crypto analyst made this conservative calculation based on BTC’s demand outpacing its supply in the long run, especially with the halving further reducing Miners supply. A Rise To $265,000 Not Ambitious Young Jus prediction of $265,000 for Bitcoin is far from ambitious when considering that Samson Mow, the CEO of JAN3, predicted that Bitcoin could rise to as high as $1 million this year. He explained that this unprecedented rise was possible due to the impressive demand that Bitcoin was currently enjoying. Related Reading: Can Ethereum Reclaim $4,000? Fragile Fundamentals Threaten To Send ETH Crashing Pseudonymous crypto analyst PlanB also echoed a similar sentiment, stating that BTC hitting $1 million is possible, although he suggested that could happen in 2025 rather than this year. He made this prediction based on the Bitcoin stock-to-flow (STF) indicator, which hints at $500,000 being the average price level for Bitcoin in this market cycle. As such, the analyst believes that $1 million could be the market top for this bull run. Meanwhile, PlanB mentioned that Bitcoin hitting $100,000 this year was inevitable. At the time of writing, Bitcoin is trading at around $61,700, down over 1% in the last 24 hours, according to data from CoinMarketCap. BTC makes its way to $61,000 | Source: BTCUSD on Tradingview.com Featured image from CryptoRank, chart from Tradingview.com
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