Browsing:Crypto News

McDonald's began started to accept Bitcoin (BTC) as a form of payment in the city of Lugano, which is a hub for cryptocurrency adoption in Western Europe and is located in the Italian-speaking area of Switzerland.
2 years ago 1 min read

McDonald’s starts to accept Bitcoin (BTC) and Tether (USDT) in Lugano in Switzerland

McDonald’s began started to accept Bitcoin (BTC) as a form of payment in the city of Lugano, which is a hub for cryptocurrency adoption in Western Europe and is located in the Italian-speaking area of Switzerland. On October 3, Bitcoin Magazine posted a one-minute video to Twitter showcasing the ordering of food at a McDonald’s digital kiosk and the payment of that item using a mobile app at the store’s checkout counter. It is not surprising to see the Tether (USDT) logo next to the Bitcoin symbol on the credit cash machine because the city of Lugano said in March

Telegram Wallet Bot now enables Telegram users to buy digital assets using bank cards, trade them, and send them to other wallets.
2 years ago 2 mins read

Telegram wallet now allows users to exchange crypto with each other

A peer-to-peer cryptocurrency exchange has been developed by the developers of the Telegram Wallet Bot, which enables Telegram users to buy digital assets using bank cards, trade them, and send them to other wallets. Toncoin (TON) purchases and transfers within Telegram chat conversations now are possible thanks to the Wallet Bot, which has been released in April. With the most recent version, users will be capable of buying and selling cryptocurrencies via the Telegram app, with the exchange services functioning as guarantors for each transaction. The service will conduct a dispute resolution procedure in any scenario in which there is

The dates for the sale of the platform's assets have been set by the bankrupt cryptocurrency lending company Celsius Network Ltd.
2 years ago 1 min read

Celsius, a bankrupt crypto lender, announces the dates of its assets auction

The dates for the sale of the platform’s assets have been set by the bankrupt cryptocurrency lending company Celsius Network Ltd. The last bid deadline for Celsius will be on October 17 at 4 p.m., and if an auction is necessary, it will take place on October 20 at 10 a.m., according to a filing that was made with the United States Bankruptcy Court for the Southern District of New York on Monday, October 3. The filing states that a hearing regarding the sale will be held on November 1 at 11 a.m. via Zoom before Chief US Bankruptcy Judge

Ethereum lost almost 20% of its market cap since the Merge upgrade
2 years ago 1 min read

Ethereum Merge fails to meet expectations, price drops by 20%

The historic Merge update raised expectations for Ethereum’s (ETH) future prospects, including the potential for luring new users to the network. The initial phases of the Merge, however, fell short of projections due to the current market crisis, with the asset registering capital outflow. For example, as of October 3, Ethereum’s market value was $195.89 billion, down 19.22% from the $158.23 billion it had on September 15, when the Merge had been formally completed. According to CoinMarketCap, the asset has lost around $37.66 billion over the time period. At the same time, Ethereum’s price, which has consistently fallen despite battling

The 5,000 BTC ($96 million) milestone capacity for the Bitcoin Lightning Network has already been reached. In practice, as long as Bitcoiners continue to support the network's development, more and more Bitcoin is being introduced to Lightning Network payment channels worldwide.
2 years ago 2 mins read

Bitcoin Lightning Network capacity strikes 5,000 BTC

The Lightning Network, the layer-2 payments system for Bitcoin (BTC), is still thriving in spite of macroeconomic headwinds and sluggish price action. The 5,000 BTC ($96 million) milestone capacity for the Bitcoin Lightning Network has already been reached. In practice, as long as Bitcoiners continue to support the network’s development, more and more Bitcoin is being introduced to Lightning Network payment channels worldwide. The amount of available liquidity grows as network capacity increases. Users may thus enjoy quick payment processing times and possibly higher transaction volumes. The Lighting Network, which was initially introduced in 2018, has recently faced criticism. Influential

Binance
2 years ago 2 mins read

Binance signs MoU with Kazakhstan to fight financial crime

As part of its global law enforcement training program, the cryptocurrency exchange Binance has entered an agreement with the Financial Monitoring Agency of the Republic of Kazakhstan. The conference, which is attended by executives of international regulatory and law enforcement agencies, aims to improve industry collaboration with local, state, and federal law enforcement in the fight against financial crime and cybercrime. The program also aims to locate and ban digital assets that have been illegally acquired and were being utilized to finance terrorism and money laundering. As one of the top countries for mining Bitcoin (BTC), Kazakhstan has started developing

Kim Kardashian Hit With $1.26M Fine By SEC For Failing To Disclose Crypto Endorsement
2 years ago 2 mins read

SEC fines Kim Kardashian $1.26 million for failing to disclose her endorsement of cryptos

The Securities and Exchange Commission (SEC) has fined Kim Kardashian for failing to disclose a payment she received in exchange for endorsing a cryptocurrency asset on Instagram. According to the SEC’s announcement, the American media personality received a reported $250,000 payment to promote EthereumMax’s EMAX tokens on her website; however, she failed to disclose this payment. She broke federal securities laws, according to the SEC, by failing to disclose the commission she received for the endorsement. According to the federal regulator, Kardashian settled the claims by pledging to pay $1.26 million, which included the $250,000 she received for the promotion,

Hacker has returned 70% of stolen $23 million in funds from Transit Swap
2 years ago 1 min read

Hacker returns 70% of the $23 million in funds that were stolen from Transit Swap

According to Transit Swap, the hacker has returned 70% of the money that was taken. This comes after crypto auditor SlowMist said that the cross-chain decentralized exchange or DEX aggregator Transit Swap was abused, costing $23 million in lost funds. Transit Swap claims it is gathering information to create a refund strategy and has not yet returned users’ money. On October 2, SlowMist reported a theft of $1.07 million BUSD on Twitter. In a later blog post, it revised the total amount of stolen money to US$23 million. Transit Swap claimed it had the exploiter’s IP address and email address

The former CEO of Celsius Network, Alex Mashinsky, withdrew $10 million in May to pay taxes before the company went bankrupt.
2 years ago 1 min read

Celsius former CEO withdrew $10 million to “pay taxes” before declaring bankruptcy

Alex Mashinsky, the former CEO of Celsius, withdrew $10 million in May to pay taxes at the state and federal levels as well as for “estate planning,” according to a representative for Mashinsky. In the weeks before the company filed for bankruptcy, Alex Mashinsky, the former CEO of the defunct Celsius Network, withdrew millions to pay state and federal taxes. He withdrew $10 million from the business in May of this year, when the cryptocurrency market was in freefall, according to people with knowledge of the situation who spoke to the Financial Times. Concern was raised by the decision to

The best-selling author of Rich Dad Poor Dad suggested purchasing Bitcoin and two other commodities, warning that a U.S. dollar crash might take place by January.
2 years ago 1 min read

Robert Kiyosaki refers to Bitcoin as a “buying opportunity”

The best-selling author of Rich Dad Poor Dad suggested purchasing Bitcoin and two other commodities, warning that a U.S. dollar crash might take place by January. Amidst the strengthening of the US dollar and ongoing interest rate increases, businessman and best-selling author Robert Kiyosaki has referred to Bitcoin, silver, and gold as a “buying opportunity” in a tweet. The author noted the prices of the three commodities, sometimes referred to as “safe haven” assets, would continue declining as the U.S. dollar strengthened, proving its value once the “FED pivots” and lowers interest rates in a tweet on October 2 to

MetaMask Launches Beta Portfolio Dapp
2 years ago 1 min read

MetaMask releases Beta Portfolio DApp that allows users to view all of their assets across chains

MetaMask announced the release of a beta version of its portfolio dApp, which gathers user accounts and crypto assets from many chains into a single location for users to examine. Users of mobile devices and browser extensions can access the portfolio dApp. Users only need to click the “Portfolio” link on their browser extension’s home page to connect numerous accounts and begin using it. Additionally, users can use the “watch any wallet” option to add an offline wallet or hardware wallet and give it a name of their choosing. Users can add “vitalik.eth” and give it the name “Cosmic Treasure

US SEC Charges Two Firms for Alleged Crypto Pump and Dump Scheme
2 years ago 2 mins read

Two companies are accused by the US SEC of using a crypto Pump and Dump scheme

The Securities and Exchange Commission (SEC) of the United States has charged two businesses, their executives, and a purported international gold trader with operating a hoax to increase interest in their digital currency. According to the agency, the defendants received over $36 million as a result of the token’s misleading advertising. An alleged pump and dump scheme involving the cryptocurrency Dignity (DIG) was allegedly run from 2017 to 2019 by the Bermudan company Arbitrade, the Canadian business Cryptobontix, Troy Hogg, owner and founder of Cryptobontix, James Goldberg, Stephen Braveman, COO of Arbitrade, and Max Barber, a purported international gold trader,

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