Rooch Co-Founder Robbed at Knifepoint in Bangkok
Rooch Network co-founder Haichao Zhu recently reported a harrowing encounter in Bangkok. Where he was robbed at knifepoint by two assailants. The incident, which took place just days before the upcoming Devcon 7 conference. Underscores growing security concerns for attendees of high-profile crypto events. The robbery occurred at 4:30 AM local time as Haichao traveled […]
Colorado Resident Scammed Out of $6K in Bitcoin
In Keystone, Colorado, a resident recently fell victim to an elaborate crypto scam, losing over $6,000 in Bitcoin after fraudsters impersonated law enforcement officers. According to the Summit County Sheriff’s Office, scammers threatened the resident with arrest over allegedly missing jury duty. Leading them to transfer the funds. Authorities managed to prevent an additional $4,000 […]
Two NFT Developers Charged in $400K ‘Rug Pull’ Scheme
In a landmark case highlighting the risks of digital asset scams. One NFT developer has been found guilty and another has pleaded guilty in a U.S. court for conspiracy to commit wire fraud and money laundering. The charges stem from an NFT “rug pull” worth nearly $400,000. Involving the sale of three collections on the […]
Citadel’s Trade Secrets Suit Against Portofino Advances
The U.S. District Court in Manhattan has ruled that most of Citadel Securities’ lawsuit against crypto-trading startup Portofino, over alleged trade-secret theft, can move forward. Filed on Oct. 30, the court’s decision allows the bulk of Citadel’s claims to proceed, marking a significant development in the ongoing legal battle between the major financial firm and […]
Bybit Fined $2.4M by Dutch Central Bank Over Violations
The Netherlands’ central bank, De Nederlandsche Bank (DNB), has fined crypto exchange Bybit €2.2 million ($2.4 million) for operating without mandatory registration. A regulatory requirement under the country’s Anti-Money Laundering and Anti-Terrorist Financing Act. The fine, announced on Oct. 22, reflects the bank’s commitment to enforcing compliance with regulations designed to combat money laundering and […]
Coinbase Commits $25M to Crypto Advocacy Super PAC
Coinbase, one of the largest publicly traded crypto exchanges, has announced another $25 million donation to Fairshake. A bipartisan super PAC focused on supporting crypto interests in U.S. politics. This commitment aims to strengthen crypto representation in Washington, DC, as Coinbase and other industry players face increasing regulatory scrutiny. The latest contribution follows a similar […]
Crypto Booms in Africa with 183% Growth in Telegram
Between January 2023 and August 2024, Telegram-based crypto communities across Africa saw a remarkable 183% increase in participation. According to a report commissioned by crypto exchange Bitget, the continent’s crypto adoption is accelerating at an unprecedented pace. With projections suggesting 54 million African users by 2025. Nigeria and South Africa are set to lead this […]
Bitcoin Traders Brace for Election Volatility
Bitcoin traders are bracing for significant price swings as the U.S. presidential election on Nov. 5 draws near. According to data from DeFi derivatives platform Derive, price fluctuations for Bitcoin could reach as high as 20% as traders position themselves for potentially dramatic market impacts stemming from election results. Derive founder Nick Forster provided insights […]
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