Crypto news

Electric Capital, a prominent venture capital firm, has warned about a sophisticated scam operation targeting potential investors. Avichal Garg, Co-Founder and General Partner of Electric Capital, revealed in a recent post the alarming tactics being employed by scammers. Electric Capital Exposes Sophisticated Crypto Scam According to Garg, the fraudsters are masquerading as representatives of Electric Capital, orchestrating meetings and deceitfully persuading individuals to...

TL;DR Binance is seemingly adopting a new strategy by listing certain assets for futures but not spot trading. The exchange recently settled a $4.3 billion fine with the US DOJ and underwent a leadership change, with Richard Teng replacing CEO Changpeng Zhao. Binance’s recent delisting of several cryptocurrencies, including BitShares and Tornado Cash, due to low activity and volume, has led to substantial price declines for these assets. Binance is Expected to Continue...

After being robbed of $26 million in crypto earlier this month, trading firm Kronos Research is reaching out to their hacker to negotiate. The company has offered to drop all legal charges if the hacker returns 90% of the stolen funds, leaving him ~$2.5 million to keep. The Kronos Research Hack Kronos made its offer through an Ethereum transaction message to the hacker’s blockchain address on Monday – a common method for directly negotiating with anonymous crypto thieves. “We...

Following his resignation as CEO of Binance, crypto billionaire Changpeng Zhao has now stepped down as the chairman of the board of directors at Binance.US – the exchange giant’s American arm. Binance.US confirmed CZ’s exit in a post to X on Tuesday, addressing various concerns related to the Justice Department’s historic settlement with its parent company last week. “[CZ] has decided to step down from his role as Chairman of our Board of Directors and transferred his voting...

The United States Securities and Exchange Commission (SEC) has remained persistent in its search for evidence that the world’s largest cryptocurrency exchange uses a backdoor to access user assets on its American arm, Binance.US. According to a report from the Wall Street Journal, attorneys for Binance.US in the exchange’s court battle with the SEC asked the US Magistrate Judge Zia Faruqui to consider stopping the agency’s investigation for potential fraud. SEC Persistent on...

Dan Tapiero also shared insights into his bullish Bitcoin price prediction emphasizing on the cryptocurrency’s role as a monetary network and immutable, distributed ledger. Bitcoin has been flirting around $37,000 levels for a while and has left investors confused over what could be its next direction. Long-term investors continue to stay bullish over its future. Some believe that there’s no better time than today to be bullish about BTC since the first spot Bitcoin ETF shall be coming to...

In the article, Hayes presented a unique perspective on centralization, branding himself, and even Changpeng ‘CZ’ Zhao, the former CEO of Binance, as sinners in the eyes of “Lord Satoshi”. In his recent article, “Panda Power”, Arthur Hayes, a prominent crypto expert and BitMEX co-founder provided a unique perspective on China’s impact on Bitcoin (BTC) mining and the broader global crypto ecosystem. US-China Relations and the Crypto Market Hayes explores the recent developments in US-China...

JPMorgan’s managing director Tyrone Lobban noted that the new system has processed over $900 billion in assets since launch. Top executives from US-based financial services companies JPMorgan Chase and Apollo Global Management have revealed their plans for the tokenized enterprise mainnet, developed in collaboration with the Monetary Authority of Singapore (MAS). The duo worked together on the MAS crypto pilot project, Project Guardian, designed to explore the tokenization of assets using...

Ark Invest seems to be rearranging its investment portfolio and has continued to sell huge amounts of Coinbase, while acquiring Robinhood shares. Cathie Wood’s investment firm, Ark Invest, made notable moves in its portfolio on Monday, marking a strategic shift in its crypto and fintech holdings. Ark Invest sold a substantial amount of its Coinbase Global Inc (NASDAQ: COIN) shares while increasing its position in Robinhood Markets Inc (NASDAQ: HOOD) and actively managing its exposure by...

Animoca will leverage TON Play, a TON-based gaming infrastructure that allows projects to launch directly onto Telegram. Hong Kong-based gaming venture capitalist Animoca Brands has announced its strategic investment in the TON ecosystem. Following the investment, Animoca became the largest validator of The Open Network (TON) blockchain. According to emerging reports, the venture capital firm has previously researched the TON ecosystem extensively. Thereafter, it published two study...