Category: Featured Article

AFP Seizes $6.4M in Crypto from Alleged Crime App Mastermind

The Australian Federal Police (AFP) announced on Tuesday the seizure of $6.4 million in cryptocurrency as part of an investigation targeting the alleged mastermind behind “Ghost”. An encrypted communication app purportedly used by organized crime syndicates. The suspect, 32-year-old Jay Je Yoon Jung from New South Wales, was arrested on September 17 under “Operation Kraken.” […]

Gemini Exits Canada Amid Stricter Crypto Regulations

Crypto exchange Gemini has announced its departure from the Canadian market, joining other major platforms like Binance and OKX in exiting the country. The decision comes in response to new stringent regulations imposed by the Canadian Securities Administrators (CSA) earlier this year. Regulatory Changes Prompt Departure In February 2023, the CSA introduced a series of […]

Bitcoin Mining Firm Sues Over Enforcement of Noise Laws

Bitcoin mining company NewRays is taking legal action against a judge and prosecutor. Claiming they were targeted by selectively enforced noise legislation. The lawsuit, filed on September 26, accuses Judge Allen Dodson and prosecuting attorney Phil Murphy, among others, of specifically and unfairly using noise ordinances to single out the crypto mining firm. Background of […]

Ethereum Staking Yields Set to Surpass U.S. Interest Rates

Ethereum staking returns are set to surpass U.S. interest rates in the coming year, a development that could boost Ethereum’s price as investors chase higher yields. Falling U.S. rates and rising transaction fees on the Ethereum network are driving this shift, narrowing the gap between Ethereum staking returns and traditional risk-free rates. The Turning Tide […]

Space Nation Online Aims to Redefine MMORPGs with Blockchain

Space Nation, an emerging transmedia franchise, has “soft launched” its ambitious project, Space Nation Online. Aiming to rival the cultural impact of Star Wars. This massively multiplayer online role-playing game (MMORPG) built on blockchain technology is positioning itself as the core of an expanding sci-fi universe. Soft Launch Phase Currently, Space Nation Online is in […]

Life Sentences for Crypto Scammers

South Korea’s financial regulator has warned that crypto scammers who defraud victims of more than $4 million (5 billion Won) could now face life sentences. This move marks a significant escalation in the country’s fight against cryptocurrency fraud and aims to protect investors from large-scale scams. A Response to Major Crypto Frauds The new legislation, […]

XProtocol Unveils XForge Smartphone

An entertainment-focused Ethereum layer-3 network named XProtocol announced on Wednesday that it’s releasing an Android-powered smartphone optimized for gaming later this year. Dubbed the XForge, this device is being billed as the world’s first “DePIN phone”. Allowing users to earn rewards and participate in airdrops through the network. Priced at $299, the XForge Smartphone boasts […]

SEC Delays Ethereum Options

The U.S. Securities and Exchange Commission (SEC) has postponed its decision on a proposed rule change by Nasdaq’s International Securities Exchange. This change would allow the listing and trading of options on BlackRock’s iShares Ethereum Trust (ETHA). Initially expected by September 26, the decision is now delayed until November 10. The SEC needs more time […]