The information will be used to develop regulation aimed at tackling the illicit use of cryptocurrencies. On Monday, two Democratic Representatives asked the Trump administration to provide more information on cryptocurrency recently seized from terrorists. According to an Aug. 26 report by The Hill, the request is related to the millions of dollars in crypto […]
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Police claim that wash trading and market manipulation by the owner and management team of the Coinbit exchange netted over 100 billion won. South Korea’s third-largest cryptocurrency exchange, Coinbit, has been seized by police following fraud allegations. According to an Aug. 26 report by the Seoul Shinmun, 99% of transaction volume on the exchange was […]
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How do Compound and Kava differ from other popular DeFi projects, and why did Binance select them as its first DeFi integration protocols? Compound Finance and Kava Labs were chosen as Binance’s two integration partners for the leading cryptocurrency exchange taking its first step into decentralized finance by launching DeFi staking. Time will tell if […]
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Despite DeFi’s meteoric growth, only half a dozen projects represent more than 90% of the capital locked in the sector. The total value of capital locked in decentralized finance (DeFi) protocols has increased 271% in less than two months to surpass $7 billion for the first time, according to DeFi Pulse. If the current rate […]
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730 people from Wirecard’s German offices will be given pink slips. Wirecard has announced it will lay off 730 out of its 1,300 staff in Germany following a $2.1 billion scandal that left the company insolvent in June. According to an Aug. 25 report from Law360, Michael Jaffé, a lawyer and representative of Wirecard’s administrator, […]
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Who said browser-based cryptojacking was dead? The crypto price surge since March has been accompanied by a wave of cryptojacking attacks according to new research published by cybersecurity firm Symantec. According to the company there was a 163% increase in browser-based cryptojacking activity in the second quarter of 2020. Cryptojacking had previously been in a […]
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FTX exchange demonstrates retail expansion aspirations as it acquires the number one crypto app. Blockfolio is off the table, and with it goes the second — and arguably final — opportunity for a crypto exchange to add millions of existing retail users to its ecosystem. Following Binance’s acquisition of CoinMarketCap (CMC) earlier this year, crypto […]
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Crypto community responds: ‘Nah, we’re good.’ After exiting the crypto space at a loss last week following his high profile entry, Barstool Sports founder Dave Portnoy is hinting he’s not completely finished with Bitcoin yet. In an Aug. 25 tweet to his 1.7 million followers, the day trading king said he would “save” Bitcoin and […]
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It’s like BNB only better, says supposed-Bitcoin maximalists. On August 24, INX launched a tokenized initial public offering or IPO which was cleared by the SEC. The company describes its mission as bringing “regulated digital asset opportunities to institutions and retail investors”. The following day, several crypto influencers tweeted what appeared to be promotional statements […]
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Bitcoin scammers have thus far proven to be unstoppable in Canada. Waterloo, Ontario is the first Canadian city to issue a general warning after 78 residents were duped by crypto scammers in 2020. According to Global News, Waterloo residents have lost more than $430,000 so far this year, with 29 of the 78 falling victim […]
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