Crypto exchange Coinbase is set to delist unauthorized stablecoins from its European branch by year-end, in response to incoming MiCA regulations. U.S.
TL;DR Strategic Move: BBVA will launch a stablecoin in 2025, leveraging Visa's Tokenized Asset Platform (VTAP) to enhance its digital asset services. Visa Partnership: The stablecoin will be developed with Visa, ensuring strong regulatory compliance and leveraging Visa's infrastructure for secure minting, transfer, and settlement of digital assets.
Web3 anti-scam platform Scam Sniffer reported that approximately 10,000 victims lost $46 million to crypto phishing scams in September alone. Scam Sniffer reported that in the third quarter of 2024 alone, crypto phishing losses totaled $127 million.
A recent survey conducted by blockchain software technology company ConsenSys, reveals the importance of pro-crypto voters in shaping the regulatory landscape as the 2024 US presidential election approaches.
Vietnamese police arrest five individuals linked to a crypto scam network, unraveling an offshore-led operation targeting unsuspecting victims.
Phishing attacks continue to cause significant losses for crypto users, with over 10,000 victims losing over $46 million to these scams in September, according to Scam Sniffer, a Web3 anti-scam platform. According to the firm, 10,805 victims lost $46.7 million in various crypto phishing scams last month.
The theft occurred in 2018 when a teenager, Ellis Pinsky, and his 21-year-old accomplice, Nicholas Truglia, bribed an AT&T employee to perform a SIM swap. By transferring the information from Terpin's SIM card to another device, the hackers bypassed the two-factor authentication that protected Terpin's crypto wallets.
In October 2024, the latest data shows that decentralized autonomous organizations (DAOs) hold $24.5 billion in treasuries, down by $12.6 billion since the end of March. Optimism's DAO, which boasted $8.3 billion on Mar. 24, has seen its treasury shrink to $3.8 billion, making it the largest DAO treasury despite the decline.
In September, venture capital firms invested a total of $659 million in crypto startups, representing a 3% increase from August.
Japan's new Digital Transformation Minister signals potential crypto tax reform, highlighting the nation's evolving approach to blockchain and driving crypto growth in Asia.
The new anonymous messaging platform from DarkFi bills itself as a highly secure channel for private communication.
Cuban's recent criticism of Gensler's ways is a direct reflection of what the majority of the crypto industry thinks of the SEC Chair.
Lejilex states it will facilitate crypto transactions, not sell securities, and accuses the SEC of overreach.
The world's leading crypto exchange, Binance, has seen its market share dwindle over the past few years according to recent research.
Lejilex has filed for court protection against SEC enforcement, arguing it facilitates crypto transactions, not securities sales, amid regulatory disputes.
Web3 wallets might bring DeFi to the masses, onboarding the next billion users and democratizing access to financial services.
Mark Cuban criticized memecoins as risky and unsustainable, likening them to "rug pulls" that rely on speculation and lack real-world utility.
Bitfinex unveils Version 7.2.0 of its mobile app, featuring a new Fast Pay widget, multiple improvements, and bug fixes to enhance user experience.
Analyst Ash Crypto has highlighted several key elements that could greatly influence market movements in the coming hours. These events include a mix of economic data, geopolitical events, and technical factors.
U.S. Congresswoman Maxine Waters (D-Calif.), Chairwoman of the House Financial Services Committee, has been one of the most vocal critics of the crypto industry over the past few years.
Funds lost to cryptocurrency phishing scams dropped in September, with roughly $46 million lost by 10,805 victims.
Binance Futures announces updates to its Futures NEXT program, introducing changes to rewards and Picks allocation, effective October 2024.
Japan's new laws could set a precedent for balancing innovation with consumer protection.
In an unexpected turn of events, the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) have taken strong measures to support the recently revived class action lawsuit against Nvidia (NASDAQ: NVDA).
The crypto market has remained calm, with the fourth quarter expected to yield bullish sentiments that will extend into 2025.
A hot new coin that's catching investor attention in the crypto space is the Salukis token. It's a groundbreaking meme coin that combines innovation with social impact. Created with the “Good Dogs” theme, the Salukis project has a unique story alongside real-world utility.
Bitcoin and cryptocurrencies in decline: 200 billion dollars evaporated in October.
The U.S. Justice Department and the SEC have backed the class action lawsuit against AI chip giant Nvidia Corp. (NASDAQ:NVDA) in the Supreme Court, which accused Nvidia of hiding its cryptocurrency revenue. What Happened: The DOJ and SEC are advocating for the continuation of the lawsuit, which was brought against the company in 2018, Cointelegraph reported Thursday.
The FBI is sounding the alarm on a cryptocurrency scam that's cost some Americans their entire life savings.
Other amicus briefs have also been filed in support of Nvidia investors.
Brazil's central bank is developing a synthetic central bank digital currency, which aims to blend decentralization, privacy and programmability.
The US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have supported a class-action lawsuit against Nvidia, accusing the company of misleading investors. According to court filings, both agencies submitted an amicus brief backing Nvidia investors who allege that the firm misrepresented the impact of crypto mining on its 2017/2018 revenue.
Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin's 18.1%. This trend is driven by the instability of local currencies and limited access to US dollars. Businesses and individuals view stablecoins as a reliable way to store value and conduct international payments.
The DOJ and SEC are backing investors in a Supreme Court case against Nvidia over alleged misrepresentation of GPU sales to crypto miners.
Nvidia is back in the spotlight as a class action lawsuit over crypto-related misrepresentation gains new momentum. The US Solicitor General, SEC, and several former officials have called for the case, originally dismissed in 2021, to be reopened.
The case underscores the critical role of private securities litigation in ensuring transparency and accountability in tech and crypto sectors. The post SEC and DOJ back Nvidia investor lawsuit over alleged crypto sales misrepresentation appeared first on Crypto Briefing.
More than 185 South Koreans in their 20s own over $750,000 worth of digital assets each, based on data from Upbit and Bithumb. As reported by Maeil Business Newspaper on Oct.
In the dynamic world of online investing, utilizing sophisticated software can significantly enhance one's ability to navigate various markets. The convergence of technology and finance opens doors to new opportunities, especially for those seeking to maximize their trading potential.
The Chainalysis CEO's personal leave after 10 years of service has caught market attention. Michael Gronager showed active participation during the Token 2049 event.
Billionaire entrepreneur Mark Cuban discussed his recent face-to-face meeting with the head of the SEC, Gary Gensler.
Transak USA LLC, a leading web3 payments infrastructure provider, has officially been granted its first Money Transmitter License (MTL) by the Alabama Securities Commission. This milestone marks a significant advancement in Transak's efforts to build a secure, regulated, and comprehensive infrastructure for cryptocurrency services across the United States.
The altcoin market is showing some signs of support, much like Bitcoin. However, it's crucial to recognize that we're still in a period of uncertainty. Both Bitcoin and the altcoin market cap chart have not made decisive moves yet. An altcoin season occurs when Bitcoin's dominance decreases, allowing altcoins to gain traction.
Despite historical October gains for Bitcoin, the cryptocurrency market has experienced a significant downturn in early October 2023, challenging the "Uptober" narrative and prompting a shift in trader sentiment.
The September 2024 edition of CCData's Exchange Review report reveals several significant trends in the digital asset market. CCData, an FCA-authorized benchmark administrator, is a global leader in digital asset data. It offers high-quality real-time and historical data for institutional and retail investors.
The cryptocurrency market is preparing for short-term volatility, with approximately $1.4 billion worth of Bitcoin and Ethereum options expiring today.
Cuban's critique highlights the need for clear crypto regulations to prevent future financial collapses and foster a stable market environment. The post FTX and 3AC would still be in business if Gensler took right approach, says Mark Cuban appeared first on Crypto Briefing.
Nubank, the Latam-focused fintech company, recently lowered its cryptocurrency trading fees from 0.8% to 0.6% for each transaction completed. The platform allows for purchasing and selling 15 different cryptocurrencies, including bitcoin (BTC), ether (ETH), solana (SOL), and the USDC stablecoin, among others.