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China Raises Alarm Over Corrupt Officials Exploiting Cold Storage Cryptocurrency for Illicit Cross-Border Transactions

Official Chinese media sources have raised concerns regarding the exploitation of cryptocurrencies by corrupt officials for illicit activities. The use of cold storage methods for cryptocurrencies, in particular, has become a cause for alarm as it allows these individuals to discreetly...

, by Ruholamin Haqshanas

Bitcoin Price Rally to Breach $50,000 This Month: Matrixport

Matrixport has predicted that the price of Bitcoin will jump to $50,000 this month based on several factors in a report released today. According to Matrixport, this bullish trend is attributed to various factors, including the potential approval of a Bitcoin Spot ETF, institutional buying...

, by Jai Pratap

Orbit Chain Hacker Swaps Stolen USDT for ETH, Rakes in $1.45 Million Profits

The attackers behind the recent Orbit Chain exploit successfully converted their ill-gotten gains into Ethereum (ETH), amassing an additional $1.45 million in unrealized profits amidst a 4.7% surge in ETH prices over the past 24 hours. The cybercriminals, responsible for the theft of...

, by Jai Pratap

The DOJ “Led the Way” in Defining Boundaries for the Crypto Industry in 2023: Former US Prosecutor

In 2023, the Department of Justice (DOJ) emerged as a leading force in defining the boundaries of the cryptocurrency industry through high-profile criminal prosecutions. While the Securities and Exchange Commission (SEC) filed civil lawsuits against major players in the sector, it was...

, by Ruholamin Haqshanas

Attorney Says They Are “Receiving 5-6 Emails a Day” From Victims of Pig Butchering Scams

Pig butchering scams, a rapidly growing criminal activity involving online romance, fake crypto investments, and human trafficking, have been plaguing US citizens, resulting in significant financial losses. In a recnet interview, Erin West, Deputy District Attorney in Santa Clara,...

, by Ruholamin Haqshanas

VanEck Adviser Says Spot Bitcoin ETF Impact is Overestimated Despite Long-Term Gains

VanEck adviser Gabor Gurbacks pointed out that the hype of a Bitcoin (BTC) spot ETF in the market could be overestimated in terms of short-term inflows but could see long-term gains as the window widens. In a Jan 1 post, Gurbacks wrote on X (formerly Twitter) that people have overstated the...

, by David Pokima

Coinbase’s Chief Legal Officer Slams US Decision to Drop Additional Charges Against Bankman-Fried, Calls it a ‘Miscarriage of Justice’

US prosecutors have decided not to pursue the remaining charges against Sam Bankman-Fried, including allegations of foreign bribery and bank fraud. However, it is the dropped charge of unlawful political donations that has sparked significant concern within the crypto...

, by Ruholamin Haqshanas

Bitcoin Blockchain Sets New Record: December 2023 NFT Sales Surpass $881 Million for First Time Ever

Sales of NFTs on the Bitcoin (BTC) network reached a new milestone in December 2023, surpassing $881 million for the first time ever. According data by CryptoSlam, NFT sales on the Bitcoin chain reached $881,223,753.92 last month, setting the highest single-month sales record to...

, by Ruholamin Haqshanas

Orbit Suspends Cross-Chain Bridge Contract After $82M Exploit: Beosin

Just hours before welcoming the new year, hackers exploited Orbit Bridge, the cross-chain bridging service of Orbit Chain, making off with a staggering $82 million. The project soon suspended the cross-chain bridge contract and initiated on-chain negotiations with the attackers, as reported...

, by Jai Pratap

Frenzy for 1,000x Gains Drives Surge in New Tokens on Solana

The Solana blockchain network has experienced an unprecedented influx of new tokens this month, surpassing any previous records by a significant margin. According to data from Solscan, over the last two weeks alone, a staggering 72,202 new tokens have been minted on Solana using...

, by Ruholamin Haqshanas

China Looks to Ramp up ‘Cross-border’ Digital Yuan Spending

Chinese bank chiefs are looking to start 2024 by driving up “cross-border” digital yuan spending. Per the Haikou Municipal Commerce Bureau (via Hainan News), the tourism hub of Haikou has begun issuing over $706,000 worth of “offshore tax-free coupons” for digital...

, by Tim Alper

South Korean Exchange Searches for ‘Lost’ Owners of $206M Worth of Crypto

The South Korean crypto exchange Bithumb says it wants to find the “dormant” owners of $206 million worth of coins, including Bitcoin (BTC), Ethereum (ETH), and XRP. Per Chosun Ilbo, Bithumb said it was launching a “campaign” to help remind users with seizable crypto...

, by Tim Alper

SEC Whistleblower Reveals Chai Payments App in Terra Ecosystem Didn’t Use Crypto

Four crypto tokens sold by Do Kwon and his co-founded company, Terraform Labs, has been qualified as unregistered securities. The tokens in question are TerraUSD (UST), LUNA, wLUNA, and Mirror Protocol (MIR), according to a recent summary judgment ruling by Judge Jed Rakoff of the U.S....

, by Ruholamin Haqshanas

EVMs Evolve with Parallelized Technology, Offering Blockchain Scalability, Transaction Speed and Fee Efficiency

Blockchain technology is witnessing a major shift—one that promises to reshape how we think about and interact with digital ledgers. We're talking about the emergence of parallelized Ethereum Virtual Machines (EVMs), a development that may redefine transaction processing in blockchain...

, by Trent Alan

Former Binance CEO Changpeng Zhao Barred from Travel by US Judge

Former Binance CEO Changpeng Zhao, commonly known as CZ, has been blocked from traveling again as his sentencing for criminal charges approaches in late February. On December 29, in the U.S. District Court for the Western District of Washington in Seattle, Judge Richard Jones issued a sealed...

, by Hassan Shittu

PM of Singapore Alerts Residents to Deepfake Crypto Scam Using His Image

Lee Hsien Loong, the prime minister of Singapore, has warned his social media followers regarding the use of deepfake videos that use his voice and image to promote cryptocurrency scams. In posts made across various platforms including X (formerly Twitter), LinkedIn, and Facebook,...

, by Ruholamin Haqshanas

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