Crypto news

Jim Messina – one of Barack Obama’s closest advisers during his presidency reign in the USA – has taken an executive role at the popular cryptocurrency platform – BlockhainCom. The veteran politician is responsible for the firm’s government relations and policy strategy. Another American official who transitioned to the world of crypto is Brian Brooks. The former Acting Comptroller of the Currency in the US is currently the CEO of the bitcoin mining firm Bitfury Group....

The leading financial services company – JPMorgan Chase & Co. – revealed that its clients have drastically dropped their interest in using cryptocurrencies as a payment method in the past few months. However, the organization assured that it will still support consumers who want to employ digital assets as a means of payment. Not so Popular any More The ongoing crypto winter seems to have affected people’s interest in the asset class. In a recent interview for Bloomberg,...

The United States Securities Exchange Commission (SEC) has filed a lawsuit against prominent crypto influencer, investor, and entrepreneur Ian Ballina over an initial coin offering (ICO) dating back to 2018. The SEC accused Ballina purchased $5 million worth of SPRK tokens from Sparkster Ltd. and received 30% bonus tokens before he started promoting it on social media. He did not disclose that he was given an incentive to promote the ICO, the regulator has charged in its...

The Twitter account of Indian crypto exchange CoinDCX remained compromised for hours on Tuesday. Hackers posted a fake XRP giveaway scheme through the exploited Twitter handle @CoinDCX to the exchange’s over 230,000 followers. The giveaway message was interspersed with a phishing link. CoinDCX Twitter Account Exploited As CoinDCX tried to take control of its compromised Twitter account, it put out an alert through another Twitter handle, @CoinDCX _Cares. It was also...

Ethereum co-founder Vitalik Buterin published a lengthy blog post on Monday defending the usefulness of decentralized autonomous organizations (DAOs).  He outlined 3 reasons that DAOs have unique advantages compared to traditional corporations, and will not simply be outcompeted and obsoleted by the latter. Making Better Decisions A DAO is an emerging, blockchain-native, bottom-up governance structure without a centralizing hierarchy or CEO. Instead, the organization’s...

Bitcoin Depot – arguably one of the biggest names in crypto ATMs – has joined hands with a firm called GSR II Meteora Acquisition Corp. The partnership enables Bitcoin Depot to become a publicly listed company, thus giving it an opportunity to follow in the footsteps of Coinbase, one of the world’s largest and most popular digital currency exchanges. Bitcoin Depot Is Going Public After the maneuver is complete, Bitcoin Depot will instead be known as Bitcoin Depot Inc.,...

UK-based crypto market maker Wintermute suffered a loss of approximately $160 million. In a series of tweets, the company’s founder and chief executive, Evgeny Gaevoy, revealed that the decentralized finance operations had been compromised. The centralized finance and over-the-counter verticals have not been affected. Blockchain security expert Certik recorded that $162,509,665 had been stolen over 13 transactions and speculated that the exploit could have resulted from a...

[PRESS RELEASE – Please Read Disclaimer] Seedify is one of the crypto industry’s leading notable launchpads and incubators. They empower innovators and project developers through access to funding, community and partnership building, and a complete support system to help bring premier blockchain games, NFTs (Non-Fungible Tokens), and metaverses to its community through events called IGOs (Initial Gaming offering) and INOs (Initial NFTs offering). Last month Seedify...

[PRESS RELEASE – Please Read Disclaimer] A collection of unique multi-D NFT’s, which double as tickets to the Kleks Academy universe, which will be available to purchase in the early bird pre-sale on September 27th, the September 28th presale and at the September 29th general sale. Kleks – an Old Story, Brought Back to Life. Generations of Polish children have grown up with Professor Kleks, a famed children’s book turned cult 1980’s film that attracted over 30 million...

The crypto space has been crashing and burning for the past several months, but it’s not just investors that appear to be suffering. Scammers – once so active in this unregulated arena – have also taken quite a few financial hits, suggesting there is some good news to the tribulations and trials being suffered by the crypto industry. Scammers Aren’t Making Much Money Over the past several weeks, we’ve been privy to a wide array of nasty headlines surrounding bitcoin and...