Crypto news

There is an increasing acceptance of cryptocurrencies globally, which favors platforms that adopt such payment methods. 1xBit stands out from the other betting platforms today because it includes cryptocurrencies as a mode of payment. Interestingly, the betting platform recently added Luna and UST as accepted payment methods. 1xBit has always been intentional about diversity, especially as it relates to the crypto options offered on the platform. Hence, it has been an...

Singapore-headquartered cricket NFT platform Rario has bagged $120 million in funding led by Dream Capital. The Series A funding round also saw the participation of Alpha Wave Global. Founded in 2011, Rario’s existing investors include Animoca Brands, Presight Capital, and Kingsway Capital. “We are pleased to announce that we have raised $120M Series A Funding led by Dream Capital….,” Rario tweeted on Thursday, with a link to the Rario blog where the company had put out a...

Marielle Cohen-Branche – the French financial ombudsman – revealed that approximately 25% of suspected monetary frauds in France last year involved cryptocurrency investment schemes. This is a sharp increase from 2020 when the figures stood at 6%. Crypto Scams in France on the Rise The increasing popularity of the digital asset sector leads to its imminent employment in fraudulent activities. In a recent report, the French ombudsman – Marielle Cohen-Branche – disclosed that...

The National Basketball Association (NBA) revealed pausing minting of its new non-fungible token collection, dubbed – The Association – after a major loophole was detected by BlockSec. Less than a day after the league announced the minting of its Ethereum-based non-fungible token (NFT), it recognized the issues with the smart contract that triggered the “Allow List” supply to sell out prematurely. The Flaw Blockchain security firm, BlockSec revealed identifying a serious...

We’re only four months into the new year, but 2022 has already proven to be a busy year for cryptocurrency scam artists. According to the Richmond RCMP, roughly $2.6 million in crypto funds have been stolen from unsuspecting victims thus far, and it looks like that number is slated to grow. The Richmond RCMP Tells People What Precautions to Take According to the RCMP, most crypto scams come in the form of romance scams, fake investment schemes, or individuals pretending...

World-leading crypto exchange Binance has announced the hiring of former Financial Conduct Authority (FCA) and Financial Industry Regulatory Authority (FINRA) members to its team. The two are intended to help the exchange enhance its regulatory compliance with jurisdictions around the globe. According to a press release shared with CryptoPotato, Steven McWhirter (FCA) will join the company as Director of Regulatory Policy. His job will be to ensure Binance meets its...

A man has been charged with running several illegal bitcoin and crypto ATMs in New York that were set up in laundromats throughout the state. Robert Taylor, 35 years of age, has been charged with criminal tax fraud in the third degree, offering false instruments for filing in the first degree, and operating an unlicensed transmission business. Robert Taylor Has Been Charged with Running Illicit BTC Kiosks The bitcoin kiosks working under Taylor are believed to have...

SlowMist – a blockchain security firm – has identified dozens of crypto addresses that have appeared to fall victim to a phishing scam on the Terra network since April 12th. The scammer’s address has reportedly reeled in $4.31M in assets up until the time of writing. According SlowMist’s explanation on Twitter, $4.31 million in assets were maliciously transferred to the suspect from 52 different addresses between April 12th and April 21st. The security team’s analysis...

Raj Dhamodharan – Mastercard’s Global Head of crypto and blockchain – believes that digital currencies pose no threat “at all.” Moreover, he classified them as “probably the most mature investment asset.” Crypto: a Package of Multiple Technologies The payment services giant Mastercard is among the companies seeking to dive deeper into the digital asset universe. Throughout the past several months, the firm has launched numerous initiatives to promote the industry and...

The Dallas Cowboys football team has carved out a crypto-based partnership with Blockchain.com, one of the oldest and most trusted digital currency platforms in the world. The Dallas Cowboys Have Become the First Crypto-Sponsored NFL Team As the owner of the Dallas Cowboys, Jerry Jones felt that moving deeper into the growing crypto industry was the only way to bring the sport he loves so much closer to the times. In an interview, he said: Blockchain is one of the oldest...