Browsing:Crypto News

Huobi Global announced that its controlling shareholders have completed the transactions to sell their entire shareholdings to About Capital Management.
2 years ago 1 min read

The largest Chinese Exchange Huobi Global has been taken over by About Capital

Huobi Global, formerly the biggest cryptocurrency exchange in China, has announced that an investment strategy firm has taken control of it. Huobi Global stated on October 7 that the transactions to sell the controlling shareholders’ entire shareholdings to About Capital Management had been completed. Ted Chen founded About Capital in 2008; it is a discrete fund management company with offices in Hong Kong. Chen was also the creator of the enormous Chinese hedge fund Greenwoods Asset Management. The takeover by About Capital won’t have an impact on Huobi’s “key operating and business management personnel,” according to the release. Only the

FTX and Visa
2 years ago 1 min read

FTX and Visa to enable crypto payments in 40 nations

FTX exchange announced that it would launch a debit card in collaboration with payment giant Visa. The FTX token increased by more than 7% following the announcement. One of the biggest cryptocurrency exchanges in the world, FTX, teamed up with payments giant Visa to introduce debit cards in 40 nations around the world. With this partnership, FTX users would be able to pay for goods and services with “zero-fee” debit cards. Additionally, the company noted that owning a card is free. Note that Sam Bankman-Fried, founder of FTX, has long expressed a desire to introduce an FTX debit card. His

The Securities and Exchange Commission (SEC) announced a fine and settlement with Kim Kardashian this week.
2 years ago 2 mins read

The SEC settlement with Kim Kardashian might make her other crypto case more difficult

The Securities and Exchange Commission (SEC) announced a fine and settlement with Kim Kardashian this week. This comes after the allegation that she had failed to disclose earnings from her promotion of the EMAX token. The settlement resolves her legal dispute with the government, but it could complicate a class action lawsuit seeking damages from Kardashian, other famous endorsers, and EthereumMax executives. Ryan Huegrich filed a lawsuit in January of this year on behalf of all investors who bought EMAX tokens between May 14 and June 17, 2021, alleging that executives and promoters made false or deceptive claims in social media

the Middle East and North Africa (MENA) region has the fastest-growing cryptocurrency market in the world
2 years ago 2 mins read

The Middle East and North Africa (MENA) lead in the adoption of crypto

The 2022 Global Crypto Adoption Index was dominated by emerging markets, with Latin America coming in second in terms of transaction volume growth. According to a report released on Wednesday by blockchain analytics company Chainalysis, the Middle East and North Africa (MENA) region has the fastest-growing cryptocurrency market in the world, with US$566 billion in transactions made in cryptocurrencies from July 2021 to June 2022, an increase of 48% from the previous year. Latin America ranked second in terms of transaction volume growth from the previous year, up about 40%, in Chainalysis’ 2022 Global Crypto Adoption Index, which was dominated by emerging

MakerDAO
2 years ago 1 min read

MakerDAO, a pioneer in DeFi plans to inject $500 million worth of its DAI for use in bonds and treasuries

MakerDAO, a pioneer in decentralized finance, will convert up to $500 million worth of its DAI stablecoin for use in bonds and treasuries. On October 6, Maker Governance carried out the decision to diversify the protocol’s holdings. The money will be invested in investment-grade corporate bonds and short-term US Treasury bonds, which have historically been safe haven assets during turbulent economic times. The allocation of DAI will, in MakerDAO’s words, “promote the usability of digital assets in the traditional space, extending DAI’s influence beyond crypto,” the company claims. A first vote was held in June, and DeFi asset advisor Monetalis

Binance, received a permanent license from Kazakhstan’s AIFC Financial Services Authority (AFSA) to operate a digital asset platform
2 years ago 1 min read

Binance Secures License to Offer Crypto Services in Kazakhstan

The world’s largest cryptocurrency exchange, Binance, received a permanent license from Kazakhstan’s AIFC Financial Services Authority (AFSA) to operate a digital asset platform and provide custodial services in the country. The business and the Kazakhstani monetary regulators inked a Memorandum of Understanding (MoU) earlier this month to establish a secure environment for domestic cryptocurrency investors and reduce crime in the industry. Binance received preliminary authorization to market its goods and services in Kazakhstan two months ago. Even with the go-ahead, the business was still required to conduct a thorough verification in order to operate in the Asian country. According to

BNB Chain hacked for over $570 million
2 years ago 1 min read

Over $572 million worth of $BNB was recently hacked from BNB Chain

According to a blockchain developer, the attack may have been “either the first or second greatest hack of all time.” Today, the Binance blockchain, also known as the BNB Chain and the Binance Smart Chain, was shut down after a rise in “irregular activity” revealed a potential network vulnerability. At 2:19 AM Dubai time, BNB Chain tweeted the initial notification that the BSC network would be temporarily suspended. Peckshield Inc., a blockchain security and data analytics startup, tweeted on-chain analytics that revealed the network had experienced an exploit, with thieves stealing about two million BNB, the chain’s native token, valued

DOGE whale has moved nearly one billion Dogecoin and two trillion Shiba Inu over the last two days.
2 years ago 1 min read

2 whales moved over 1 billion DOGE after Elon Musk purchased Twitter

DOGE whale has moved nearly one billion Dogecoin and two trillion Shiba Inu over the last two days. A staggering amount of DOGE was sent on the blockchain, according to Whale Alert, a service that tracks massive transfers of crypto on different chains. The two whale transactions totaled nearly one billion DOGE in just two days. This is the larger amount of DOGE was transferred the previous day. Around 386,000,000 DOGE were sent from an unidentified wallet. Whale Alert discovered that 386,082,773 Dogecoins were transferred between two anonymous wallets. The estimated value of these meme coins is $25,187,368. This is

Namibia's central bank
2 years ago 1 min read

Namibia’s central bank adds Bitcoin as a valid form of payment

The Bank of Namibia (BON), the nation’s central bank, has now included “virtual assets (VA) and virtual asset service providers (VASP) under its Fintech Innovations Regulatory Framework. In a statement released on September 23, the BON also noted that, despite the fact that digital currencies like Bitcoin (BTC) are still not legally recognized, merchants and dealers may accept payment in this form if they are “willing to participate in such an exchange or trade.” The central bank specifically mentioned that it is thinking about amending “applicable laws and regulations diligently in consultation with other relevant authorities.” The bank’s revised stance

As Russia’s invasion on Ukraine enters its seventh month, the European Union is tightening the grip of its economic sanctions against the invading country to include all crypto wallets and more.
2 years ago 1 min read

EU tightens the grip of its economic sanctions against Russia to include all crypto wallets

The European Union is tightening its economic sanctions against Russia to include all cryptocurrency wallets and more. This comes as Russia’s invasion of Ukraine enters its seventh month. In addition to severe sanctions against Russia over its aggressive actions in Ukraine, the EU has introduced more bans, including but not limited to cryptocurrency services. The European Commission said in a press release on October 6, “The existing prohibitions on crypto assets have been tightened by banning all crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet (previously up to €10,000 was allowed).” For instance, the EU banned the

Terraform Labs
2 years ago 1 min read

Business leader of Terraform Labs was arrested by the Seoul Crime Unit

Yoo Mo, the director of business and general affairs at Terraform Lab, is detained by the crime unit of Seoul’s Southern District Prosecutor’s Office. The reports were published by Naver, a South Korean magazine. The incident results in the initial Terra employee’s being detained as part of the ongoing Terra-LUNA investigation. The person was the target of a bench warrant issued by South Korean authorities on Wednesday. At Terraform Labs, Yoo is regarded as Do Kwon’s principal assistant. Yoo was accused by the authorities of breaking the Capital Market Act, betraying his trust, and engaging in fraud. According to the

A Canadian man was sentenced to 20 years in prison and ordered to forfeit $21,500,000 today for his role in NetWalker ransomware attacks. The Court will order restitution at a later date.
2 years ago 1 min read

A Canadian Bitcoin Hacker was sentenced to 20 years in prison

According to a statement from the US Department of Justice (DoJ), a Canadian man was given a 20-year prison sentence for his involvement in the infamous NetWalker ransomware attacks. Sebastian Vachon-Desjardins, a 35-year-old resident of Quebec, was returned to the United States as a result of the extradition agreement between this nation and Canada. According to the announcement, Canadian law enforcement detained the defendant in January 2021 and carried out a search warrant at his residence in response to a request made by US authorities. Additionally, Vachon-Desjardins was told to forfeit $21.5 million. As per the DoJ, the defendant collaborated