Tag Archives: social

On March 28, the Enforcement Directorate (ED) arrested a person, Abdul Gafoor, one of the accused in the Morris Coin fraud case that erupted on the India crypto scene in January 2022 and still remains one of the largest such frauds in the country. ED is the economic intelligence wing of the Ministry of Finance, and it tracks high-value economic crimes. It took over the case in 2021 after several previous ones were registered against Morris Coin and its kingpin Nishad K.  ...

The California Macintosh and iPhone maker is in the process of ramping up its proprietary financial services technology and increasing Apple’s lending to iPhone users of Apple Pay. This is according to a Bloomberg report from earlier this week. The Cupertino high-tech giant sounds serious about the project, dubbing the effort “Breakout” and seeking to replace its fintech partners with in-house solutions and infrastructure to bolster payments processing, credit checks, and...

Intel’s new gaming chip is now available on laptops, and it’s being hailed by some in the crypto industry as a major disruptor to the cryptocurrency mining hash race. Here’s a short primer on Moore’s Law from Intel: “In 1965, Gordon Moore made a prediction that would set the pace for our modern digital revolution. From careful observation of an emerging trend, Moore extrapolated that computing would dramatically increase in power, and decrease in relative cost, at an...

The cryptocurrency-focused financial services company led by Michael Novogratz – Galaxy Digital Holdings – announced it will acquire the digital asset custodian BitGo between now and October 2022. Initially, the move was planned for the first quarter of the year. Delaying the Acquisition In May last year, Galaxy Digital agreed to purchase BitGo for approximately $1.2 billion. According to the agreement, the latter’s shareholders were supposed to receive 33.8 million on newly...

This week was nothing short of eventful from all ends of the spectrum. The market went through considerable volatility, fortunately – it was to the upside for the most part. One of the most popular NFT series – Azuki – also airdropped additional NFTs to its holders while the anticipation and hype more or less doubled its value. All this while Axie Infinity’s Ronin bridge was exploited for some $600 million in what can easily be the largest crypto hack ever. Let’s unpack....

It’s April 1st – a day celebrated internationally by people who make practical jokes and have fun. In previous years, we’ve always dedicated a piece on something fun and whimsical to brighten the mood of our readers, but today, it’s important to remain careful. The industry has changed a lot in the past year, and with the advent of non-fungible tokens (NFTs), scammers found a new niche to exploit. Over the past month, we’ve all heard numerous stories of people losing their...

As the war in Ukraine unfolds, the international cryptocurrency community has raised millions in donations to support its people. At present, the number of tallied funds raised for the invaded nation tops $100 million. Writing for Finbold Tuesday, Jordan Major noted: “Ukraine continues to receive a substantial influx of cryptocurrency contributions, with the value now reaching over $100 million, as more well-wishers show solidarity in the face of the escalating Russian...

The American politician and attorney serving as the junior United States Senator for Texas – Ted Cruz – introduced a bill restraining the Federal Reserve from launching a central bank digital currency (CBDC) directly to the broad society. The legislation was first submitted in January 2022 by Congressman Tom Emmer. Emer’s Bill Receives Support Public cryptocurrencies such as bitcoin are much different than centralized CBDCs. The latter are issued and monitored by a government...

Karim Xanzheza – Deputy of the Parliament of Kyrgyzstan – believes his country is ideally suited to take advantage of the growing popularity of digital assets. He further claimed that “nothing grows as fast as cryptocurrency.” Consequently, he urged the government to focus on developing its sovereign national digital currency. Kyrgyzstan Should Catch the Crypto Wave The latest politician to display his positive stance on the cryptocurrency sector is Kyrgyzstan’s Deputy of the...

Axie Infinity has announced postponing the launch of its much-anticipated play-to-earn game – Origin – after what appears to be the biggest hack in DeFi history. According to the post on substack, Axie Infinity: Origin will go live on the Mavis Hub on April 7th. It was originally slated to launch on March 31st. Axie Infinity: Origin Following the major security breach, Axie stated that the platform needs to reprioritize its efforts and delay the launch date by a week. While...