The platform formerly known as Twitter has seen an uptick in cryptocurrency fraud Binance co-founder Yi He recently expressed that he doesn’t believe Elon Musk is doing enough to fight cryptocurrency scams on the X.com platform and questions whether he would do anything to address the issue. He’s worried were about an apparent impersonation scam
The addition of PayPal enhances the payment processing company’s services Payment processing company MoonPay has announced the addition of another fiat purchasing option for European Union and UK customers. European users will soon be able to use PayPal to purchase crypto products on the platform. The new feature is currently available for 1% of European
The company behind the Terra blockchain protocol cost investors over $40 billion Terraform Labs, the company behind the Terra blockchain protocol, has settled its lawsuit brought forth by the US Securities and Exchange Commission (SEC) and must pay a total of about $4.47 billion. This includes $3.6 billion in disgorgement fines, a $420 million civil
Although not yet available in the US, the staking option is a welcome addition for crypto fans The MetaMask crypto wallet platform has introduced its new staking service, which permits users to pool funds and stake their assets in validators operated by Consensys, a blockchain software firm. Users can stake their Ether without meeting Ethereum’s
The online travel agency now accepts TON for making travel plans Cryptocurrency-friendly travel booking firm Travala recently announced it is integrating with the Telegram Open Network to permit users to purchase travel packages with their Toncoin (TON) tokens. The vacation booking firm currently supports payment using market leaders like Bitcoin, Ether, Solana, and XRP, among
The cryptocurrency exchange is moving on as its founder spends time in prison The world’s biggest cryptocurrency exchange by daily volume, Binance, announced on social media on June 8 that it now serves 200 million users worldwide. This is by far the most users among any global crypto exchange. Binance celebrated the milestone across social
The proposal could lead to some creditors losing money, not recovering it FTX’s bankruptcy reorganization plan is being rejected by a group of creditors led by Sunil Kavuri. Several grounds for dismissing the plan were cited, including the contention that the settlement doesn’t serve creditors’ best interests. The group asserted that being reimbursed with cash
The wallet will reportedly make it easier for crypto users to manage their funds Coinbase recently announced it is launching a smart wallet. The Coinbase Wallet will benefit customers through onboarding, removing gas fees and eliminating the need for recovery phrases. The crypto exchange’s new smart wallet will allow users to open a new wallet
The taxman will still have to wait to receive the money from the failed crypto exchange FTX has reached an agreement with the US Internal Revenue Service (IRS) to settle the debt with its largest creditor. In the filing dated June 3, the bankrupt cryptocurrency exchange agreed to settle the $24-billion IRS claim, which was
One of the world’s largest banks is diving deeper into the crypto space Cryptocurrency investors in Germany can now use Bitpanda to make real-time transactions after the platform recently partnered with Deutsche Bank. The collaboration enhances transaction efficiency and security, providing strong liquidity for Bitpanda’s users in Germany. The partnership allows Bitpanda to employ an
The decision could give the SEC more control over how it views cryptocurrency US President Joe Biden has vetoed legislation to overturn US Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 121, immediately receiving backlash from the crypto industry. 1/ Today, despite bipartisan support, Pres Biden vetoed the repeal of SAB 121, the
Rashawn Russell will also have to repay $1.5 million to his victims Former Deutsche Bank executive Rashawn Russell was sentenced to 41 months in prison by an Eastern New York District Court on May 30 for his role in a cryptocurrency fraud scheme and a separate device fraud case. The former investment banker entered a
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