Crypto news

Malaysia has officially adopted Worldcoin’s iris scan technology as part of its digital transformation strategy. This significant step aims to improve the security and efficiency of digital identity verification across the country. The adoption stems from a partnership with the Worldcoin Foundation, Tools for Humanity (TFH), MyEG, and MIMOS Berhad, which is Malaysia’s governmental research and development body. It aims to align Worldcoin’s highly secure biometric option called ‘proof of...

Turkey’s new crypto legislation has sparked an influx of 47 license applications. 76 crypto exchanges, including Coinbase and KuCoin, have applied for licenses in Turkey. Turkey has witnessed an enormous spike in interest from crypto companies seeking to enter the industry. The Turkish Capital Markets Board (CMB) has revealed that 76 cryptocurrency firms have sought licenses under the newly adopted legislation. Notable candidates include Bitfinex, Binance TR, and OKX TR.  Crypto Exchanges...

Republican presidential candidate Donald Trump has announced that Howard Lutnick, CEO of Cantor Fitzgerald, will co-lead his transition team if he is re-elected in 2024. Lutnick has been a significant figure in the financial services sector and a supporter of cryptocurrency. He will work alongside Linda McMahon, the former U.S. Administrator of the Small Business Administration. Trump’s vice presidential pick, J.D. Vance, and Trump’s sons, Donald Trump Jr. and Eric Trump will serve as...

Investigations into a multi-million dollar hack on the omnichain tokenization platform Holograph have begun to yield results. French authorities have arrested two individuals who may have been involved in the attack. According to a tweet by the official Holograph X account, the Italian Directorate of Anti-Mafia Investigations, in collaboration with multiple enforcement agencies, including Europol, France’s Office for the Prevention of Cybercrime, and the Paris Search and...

Roman Sterlingov, the founder of the crypto mixer Bitcoin Fog, is challenging a potential 30-year prison sentence after being convicted on multiple money laundering charges. Sterlingov’s defense team argues that the recommended sentences of 30 years by the prosecution and 20 years by the Probation Office are excessive and unfair compared to similar cases. The defense insists that such severe recommendations stem from the “cumulative effect” of various legal enhancements that address...

Ethereum has entered a consolidation correction phase, retracing back toward the broken lower boundary of the multi-month wedge. This movement suggests a potential pullback to the previously breached level, indicating a likely continuation of the bearish trend in the upcoming days. By Shayan The Daily Chart A closer examination of Ethereum’s daily chart shows that the cryptocurrency has entered a corrective phase, with price action signaling a potential pullback toward the...

The US Government transferred close to $600 million in bitcoin to a Coinbase Prime deposit wallet. Contrary to popular belief in the crypto circles, this transaction to an exchange may not imply selling activity. The US Government moved 10,000 bitcoins, worth $593.91 million, to a Coinbase Prime deposit wallet on August 14. These assets were seized from the darknet marketplace Silk Road. The wallet transferring these funds, ‘bc1qlap8hkt9genaljz5nt2zlehhudx63zlahr2zek,’ received the bitcoin...

Shiba Inu released ShibTorch, a burn gateway that depletes SHIB supplies. ShibTorch incorporates EIP-1559 features to manage transaction fees and trigger burns. The long-awaited ShibTorch burn portal has been opened to the public on Shibarium, marking a huge milestone for the Shiba Inu ecosystem. ShibTorch, which was announced on Shibarium’s official X account, is currently online and promises to regulate SHIB’s circulating supply through community-driven burns. ShibTorch is designed to burn...

The British Columbia Securities Commission (BCSC) has determined that the cryptocurrency trading platform ezBtc and its founder, David Smillie, defrauded investors of approximately $9.5 million, equivalent to 13 million Canadian dollars, in crypto assets. The BCSC’s investigation uncovered that ezBtc and Smillie engaged in misleading and deceptive practices, misappropriating funds intended for customer accounts. Crypto Funds Diverted for Gambling According to the official...

Bitcoin’s price is consolidating in a tight range as market participants are uncertain about the future direction of the price. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has recently rebounded from the $50K area, following the significant drop below the 200-day moving average. Currently, the market is consolidating below the moving average, which is located around the $63K mark, failing to climb back above. Meanwhile, the $56K support...