Crypto news

Bankraub next Level: Wer stoppt die Geldautomatensprenger? | STRG_F In Deutschland und in der Schweiz werden immer mehr Geldautomaten gesprengt. Allein 2022 waren es fast 500. Die Täter gehen skrupellos vor – und gefährden mit massiven Explosionen auch Menschenleben. Die Polizei scheint dem gegenüber machtlos, beinahe hilflos. Auch die Banken tun offenbar nicht alles, was in ihrer Macht steht, um diese Art der Kriminalität zu stoppen. Sebastian...

A recent report by the Bank of International Settlements (BIS) revealed that the crypto industry lost over $650 billion after two major scandals that rocked the market last year. The report titled “Crypto Shocks and Retail Losses” explained investors’ trading behavior during and after the scandals, their profits and losses, and the effects of the crypto market turmoil in the broader financial system. Retail Investors Bought the Dip Last year, the crypto space saw a lot of...

Block (formerly known as Square) – an American multinational technology conglomerate founded by Jack Dorsey – disclosed $1.83 billion of bitcoin revenue generated from its Cash App payment service in Q4, 2022.  The figure was nearly $2 billion in the fourth quarter of 2021, and the company blamed the decline of the crypto market for the downturn. However, Block’s shares climbed nearly 7% after reporting positive overall financial results. BTC Revenue Drops 7% YoY Block’s...

Indian crypto exchange WazirX has wound up its NFT marketplace operations with immediate effect. Currently, the WazirX NFT site displays a message to this effect.  WazirX NFT Sunsetted “The WazirX NFT marketplace has been sunsetted. You can still trade your NFTs on OpenSea,” the message reads.  In a statement on its site, Wazir said despite creating a “safe and secure” marketplace, the business “did not gain much traction.”         “NFTs are decentralized, and owners have...

Coinbase launched its own Layer-2 blockchain yesterday, built in collaboration with Optimism in its OP stack. The new Layer-2 blockchain, named Base, will host many of Coinbase’s on-chain products and offer EVMs at low costs to developers. Piggybacking on Recent News Unfortunately, opportunistic bad actors are once again trying to make a quick buck off of the success of other firms. Not even a day after Base was launched, Solidus Labs announced via their Token Sniffer website...

U.S. President Joe Biden nominated Ajay Banga to be the new leader of the World Bank – an executive who’s been critical of the crypto industry in the past.  Banga is expected to take over David Malpass as president by May.  The New World Bank President As detailed in a White House statement on Thursday, Banga is currently the Vice Chairman of growth equity firm General Atlantic and was formerly the President and CEO of Mastercard.  “Ajay is uniquely equipped to lead the World...

The reality TV star – Kim Kardashian, the boxing legend – Floyd Mayweather, and other celebrities filed a motion to a California federal judge, asking their renewed EMAX lawsuit to be removed.  The magistrates dropped a similar indictment against the defendants in December last year. Urging for a Dismissal Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone requested the California Central District Court to drop the amended charges, alleging that...

Bitcoin (BTC) sank back to $23,000 on Friday shortly after the Personal Consumption Expenditure (PCE) price index registered a 5.4% annual increase, and a 0.6% monthly increase, in January. The higher-than-expected figure means the Federal Reserve’s war against rising inflation will likely continue.  Bitcoin started at roughly $24,000 on Friday, staying above $23,800 until about 13:30 UST – when January’s PCE figure was released.  The asset tumbled after that, falling as low...

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Dogecoin has jumped by more than eight percent in recent weeks after it was announced that new Twitter CEO Elon Musk was considering the altcoin as a potential payment tool for users of the social media platform. Elon Musk Is Still Appreciative of Dogecoin To say that Elon Musk is a fan of Dogecoin would be an understatement. He has often been very kind to it, often calling it the “people’s crypto” and designating it as a method of payment for his many other companies,...