FBI Says Crypto Investment Fraud Rose 183% to $2.57 Billion in 2022
The Federal Bureau of Investigation (FBI) says cryptocurrency investment fraud rose 183% from $907 million in 2021 to $2.57 billion...
Month: March 2023
Court Dismisses Former Monero Developer’s Bid to Have His Extradition to South Africa Declared Illegal
The Supreme Court of Appeal (SCA) in South Africa has rejected former Monero lead maintainer Riccardo Spagni’s bid to have...
Chinese yuan-pegged stablecoin is backed by KuCoin and Circle in a $10M investment
Circle Ventures, the venture division of USDC issuer Circle, has invested in CNHC, an offshore stablecoin project backed by the...
Euler hacker seemingly taking their chances, sends funds to crypto mixer
Before the move, the hacker apparently refunded at least one victim, leading to a slew of on-chain messages from other...
Coinbase met with Australian banking regulators over local crypto regulations
Coinbase’s vice president of international policy told Cointelegraph the meetings took place in Canberra and Sydney and touched on the...
SBF’s inner circle received $3.2B, mainly from Alameda: Court filings
Billions worth of loans and payments flowed from FTX entities to Sam Bankman-Fried and five other former executives of FTX...
1 year after $11M LUNC bets: Do Kwon wanted, funds paid, hedge stuck on FTX
Terra Luna former co-founder Do Kwon, who lost $11 million in two bets, is currently wanted by Interpol and is...
US credit crunch means it’s time to buy gold and Bitcoin: Novogratz
The Galaxy Digital CEO predicts tough times ahead for the U.S. economy, but continues to be bullish on crypto. The...
Federal Reserve confirms July launch for FedNow instant payment service
The Fed Now service aims to reduce the gap in payment time between US financial institutions. The United States Federal...
Formfunction to shutter marketplace amid Solana NFT slump
The platform didn’t disclose the reason for its closure, but Solana NFTs haven’t been having the best run lately. Formfunction,...
Circle clears ‘substantially all’ minting and redemption backlog for USDC
The stablecoin issuer says that from March 13 and March 15, it redeemed $3.8 billion USDC and minted $0.8 billion...
India, UAE Collaborate to Boost Cross-Border Central Bank Digital Currency Transactions
India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have...
Strategist Warns Credit Suisse Next to Collapse — Says ‘There’s a Run on the Bank’
Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble...
Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming
Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking...
Meta Announces Layoffs of 10,000 Workers Following NFT Plan Cancellation
The COVID-19 pandemic has impacted many global economies, and Meta (formerly known as Facebook) is no exception. The company has...
