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The Collision of AI and Crypto Attracts Scammers – What’s Going On?

As the crypto industry continues to evolve, a new wave of scams is emerging, blending the hype of artificial intelligence (AI) with crypto, Kathleen Breitman, co-founder of the Tezos blockchain, has warned. Writing in a commentary piece for Fortune on Sunday, warned of a rising trend where...

, by Fredrik Vold

South Korean Police Shut Down ‘170-victim Robot-themed Crypto Scam’

Police in South Korea have arrested a group of people they suspect of duping 170 “crypto investors” – by posing as cryptoasset-issuing robot developers. Per Joongang Ilbo, the Jeonnam Police Agency, officers made at least two arrests, with a 63-year-old and a 36-year-old...

, by Tim Alper

Crypto Scam-Kit Inferno Drainer Shuts Down Operations

Digital asset wallet-draining platform, Inferno Drainer has closed shop after helping bad actors drain millions from several cryptocurrency platforms. In a recent Telegram post, the firm announced an end to its operations citing a need to move on after helping several malicious actors pull...

, by David Pokima

New Ethereum L2 Protocol Blast Faces Scrutiny as Paradigm Raises Concerns – Here’s What You Need to Know

Source: Adobe / lumerb Blast, the newly announced Ethereum (ETH) layer-2 scaling network led by the founder of top NFT marketplace Blur, has faced some controversy despite gaining notable traction. For one, Paradigm, a prominent venture capital firm in the crypto space, has outlined...

, by Ruholamin Haqshanas

SEC Faces Difficulty in Serving Lawsuit to Richard Heart, Hex and PulseChain Founder – What’s Going On?

The United States Securities and Exchange Commission (SEC) is encountering difficulties in serving a lawsuit against Richard Schueler, also known as Richard Heart, the founder of Pulsechain, PulseX, and the controversial project Hex. On July 31st, the SEC filed a lawsuit against Heart for...

, by Hassan Shittu

Zipmex Thailand Suspends Crypto Trading Citing Compliance With the Country’s SEC Rules

Crypto exchange Zipmex Thailand has announced the immediate suspension of digital asset trading until early next year. The decision was made to ensure proper compliance with the criteria set by Thailand's Securities and Exchange Commission (SEC), the platform wrote in a Facebook post...

, by Ruholamin Haqshanas

HTX Resumes Bitcoin and Ether Services After $30 Million Hack

Digital asset exchange HTX has resumed deposits and withdrawal services for major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and others after it was drained for $30 million. In an announcement on Nov 26, the exchange said services have been restored for certain virtual assets...

, by David Pokima

Coinbase Eyes Tech Talent in India as it Looks to Expand Workforce

US-based crypto exchange giant Coinbase is looking to expand its workforce in India despite facing regulatory setbacks for its products. The company is actively recruiting for product and technology positions, both in remote capacities and at its Bengaluru and Hyderabad locations. Among...

, by Jai Pratap

Hong Kong Government Accelerates Cryptocurrency Product Approvals Following JPEX Rugpull: OSL Compliance Exchange

The JPEX incident has prompted the Hong Kong government to expedite the approval process for cryptocurrency products to promote compliance in the industry. According to OSL Compliance Exchange, a licensed virtual asset platform, financial technology solution providers have shown interest in...

, by Ruholamin Haqshanas

Vitalik Buterin Plans to Redesign Ethereum Staking, Praises UTXO Payment Model

In a recent interview with the NFT platform Defiant during his visit to Turkey, Ethereum co-founder Vitalik Buterin tackled the issue of staking centralization within the Ethereum network. Buterin highlighted the necessity to revamp Ethereum's staking mechanism to foster healthier mining and...

, by Jai Pratap

Circle Signs MoU With SBI Holdings to Expand USDC Circulation in Japan

Circle, stablecoin issuer behind USD Coin (USDC), has joined forces with Tokyo-based financial services firm SBI Holdings to facilitate the strategic expansion of USDC into the Japanese market. This collaboration, solidified through a memorandum of understanding (MOU) signed on November 27,...

, by Jai Pratap

MicroStrategy’s Bitcoin Holdings Drive Stock to Two-Year High – Here’s the Latest

MicroStrategy, the enterprise business firm known for its bullish stance on Bitcoin (BTC), has seen its stock soar to a two-year high. The technology company's shares closed above $500 on Black Friday, a level not seen since December 2021, according to data from Yahoo!...

, by Ruholamin Haqshanas

China Links Digital Yuan to ‘World’s Biggest Commodities Market’

A state-owned Chinese bank will link the digital yuan to the “world’s biggest small commodities market” via the latter’s payment platform. Per the People’s Daily, the new “cross-border” CBDC drive is the brainchild of the Bank of China and the city...

, by Tim Alper

Japanese Tax Agency Investigates Hundreds of Crypto Tax Violations

The Japanese National Tax Agency (NTA) has revealed it has recently investigated hundreds of crypto tax violations. The NTA released its annual report on tax investigations ahead of the weekend, including a section on crypto taxation. The data in the report, and also reported by...

, by Tim Alper

Nigerian Politician Arrested for $246,153 Theft from Patricia Technologies’ Crypto Wallet

The Nigeria Police Force (NPF) has announced the arrest of a politician in connection with the theft of over 200 million naira (approximately $246,153) from Patricia Technologies' crypto wallet. In a recent post on X (formerly Twitter), the NPF said the arrest of Wilfred Bonse was made...

, by Ruholamin Haqshanas

Tether and Bitfinex Settle Dispute, Will Share Information Under FOIL Request – Here’s What You Need to Know

Tether and Bitfinex have agreed to settle their dispute regarding a Freedom of Information Law (FOIL) request filed by a group of journalists, including Zeke Faux from Bloomberg Businessweek. In a recent announcement, Tether hailed the move as a step towards greater transparency...

, by Ruholamin Haqshanas

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