Crypto news

Curtis Ting – former FBI agent and current Senior Director at the crypto exchange Kraken – warned investors to be utterly cautious when trading digital assets because the space is full of scammers. In his view, “there’s a special place in hell reserved” for such criminals who try to steal from the vulnerable and the elderly. If Hell Exists, Crypto Fraudsters Should Go There People wanting to hop on the cryptocurrency bandwagon should know that the space is rammed with...

Dutton Garage – a luxury car dealership in Australia – is partnering with crypto company Coin Spot to allow car buyers to purchase their next vehicles with digital currencies like bitcoin. Dutton Garage Is Open to Letting People Buy Porsches with BTC One of the big things that everyone forgets about crypto is that it was initially designed to serve as a payment method. Bitcoin, Ethereum, and many other altcoins to emerge over the last ten years or so were built as a...

The United Arab Emirates national carrier has announced that it will be launching collectible and utility-based NFTs, with the first project already underway. In an announcement on April 14, Emirates stated that it will be launching NFTs and “exciting experiences in the Metaverse” for its customers and employees. Sheikh Ahmed Al Maktoum, Emirates Chairman and Chief Executive, said that the region was already a leader in the digital economy: “Dubai and the UAE are blazing the...

[PRESS RELEASE – Please Read Disclaimer] WAM.app is the world’s first hyper-casual gaming platform and internationally validated play-to-earn social gaming platform where users compete in skill-based tournaments in highly engaging online games to win crypto rewards in WAM and NFTs. Make the blockchain your playground WAM, the blockchain-powered gaming platform, has announced the launch of its play2earn feature within the WAM app, which will allow users to earn WAM coins by...

Banco de Portugal (the nation’s central banking institution) has reportedly approved Bison Bank to start offering cryptocurrency services to clients. To do so, the latter will create a subsidiary called Bison Digital Assets, which will operate in the “virtual asset custody and exchange business.” Bison Bank Leads the Way According to the local coverage, Bison Bank became the first monetary organization authorized by the Central Bank to provide cryptocurrency trading...

Several countries in Africa – including Cameroon, the Republic of Congo, and the Democratic Republic of the Congo (DRC) – are preparing to adopt cryptocurrency as legal tender and implement blockchain solutions as a means of revamping their economies. All three countries are also looking at The Open Network (TON) as the leading blockchain network to lead them into a digital future. Cameroon, the DRC, and Other Countries Take to Crypto In addition, the DRC has stated that...

This week was entirely unproductive for cryptocurrency bulls as the market took a beating and Bitcoin collapsed to $40K. And yet, it appears that the entire world was focused on another exciting event – Elon Musk’s proposition to buy Twitter and take it private. First things first, the cryptocurrency market lost some $160 billion over the last seven days and collapsed below the important level of $2 trillion. This was largely because of Bitcoin’s drop to $40K. It all started...

The theft of $620 million in cryptocurrency, related to the bridge hack against the Ronin Network on March 23th, is the latest cybercrime committed by Pyongyang to fund its domestic programs, claimed the FBI. North Korea Responsible for the Ronin Network Hack The FBI issued a statement on Thursday, indicating that cyber actors APT38, also known as Lazarus Group, associated with the Democratic People’s Republic of Korea (DPRK), are responsible for attacking the Ronin Bridge,...

A federal judge has ruled that a class-action lawsuit against Coinbase, one of the largest and most popular digital currency trading platforms in the world, can move forward. Coinbase Will Soon Find Itself in Court Coinbase is easily one of the biggest crypto exchanges out there. At the time of writing, it has a valuation of more than $40 billion, yet for one reason or another, it doesn’t not seem to have a customer service department. The company has been hit with...

PlanB, the creator of the bitcoin Stock-to-Flow (S2F) model, implied that only a black-swan incident could drag the price of Bitcoin down to $24,500. The anonymous Twitter pseudonym in the past has missed Bitcoin’s price predictions on some occasions, but his bullishness on the asset still remains intact, asserting that it could reach $100K at the end of the year. The bitcoin analyst with over 1.7 million followers on Twitter said in a tweet that he doesn’t see a reason that...