Binance, the world’s largest cryptocurrency exchange has announced its plans to delist and pause trading activities for the OMG (OmiseGO), WAVES, WNXM (Wrapped NXM), and XEM (NEM) cryptocurrencies on its platform effective June 17, 2024. According to the announcement, the desisting comes after Binance’s periodic review determined these digital assets no longer meet the exchange’s standards and requirements. Factors like the project team’s commitment, development activity, trading volume and liquidity, network stability and security, public communication, and regulatory compliance all play a ro ..read more

The major telecom company Vodafone has unveiled an ambitious plan to integrate cryptocurrency wallets directly into the SIM cards used by mobile phones on its network. This cutting-edge move aims to make blockchain technology and crypto easily accessible to millions of smartphone users worldwide. What’s Happening? Vodafone, one of the largest mobile operators based in the UK, intends to combine crypto wallets with the subscriber identity module (SIM) cards inside phones. SIM cards are little chips that allow mobile devices to connect to a carrier’s network. By embedding a crypto wallet into th ..read more

In the world of cybersecurity, claims of data breaches can cause significant concern and speculation. Recently, a ransomware group named FSOCIETY claimed to have successfully hacked several organizations, including the cryptocurrency exchange Bitfinex. However, Bitfinex’s Chief Technology Officer (CTO), Paolo Ardoino, has dismissed these rumors, stating that a thorough analysis of their systems revealed no evidence of a breach. According to Ardoino, who is also the CEO of Tether, less than 25% of the email addresses allegedly stolen from Bitfinex’s servers match legitimate users. This casts do ..read more

Indian authorities have seized a large sum of bitcoins from a resident of Haldwani, a city in the northern Indian state of Uttarakhand. The seized cryptocurrency stash of 268 bitcoins is worth around $17 million at current prices. The Enforcement Directorate (ED), a law enforcement agency that investigates financial crimes, carried out the bitcoin seizure. They arrested Parvinder Singh from his home in Haldwani after a raid prompted by information from US authorities. Singh is allegedly part of an international drug trafficking syndicate called “The Singh Organization.” The criminal group used ..read more

A former senior security engineer was sentenced to three years in prison for executing sophisticated hacks against two decentralized cryptocurrency exchanges, stealing over $12 million worth of digital assets. Shakeeb Ahmed, 34, of New York, pleaded guilty to computer fraud charges related to the July 2022 hacks. He exploited vulnerabilities in the smart contracts governing the exchanges to artificially inflate fees and purchase crypto tokens at manipulated prices. Damian Williams, the U.S. Attorney for the Southern District of New York, announced the sentencing and first-ever conviction for h ..read more

The mysterious identity of Satoshi Nakamoto, the inventor of Bitcoin, has been a burning question in the crypto world for over a decade. Several self-proclaimed candidates have stepped forward claiming to be Nakamoto, but their assertions have been widely doubted or disproven. One of the most vocal Nakamoto claimants is Australian computer scientist Craig Wright, but a recent UK court ruling has decisively undermined his case. In a lawsuit brought by the Crypto Open Patent Alliance (COPA), a group representing crypto companies, the British High Court judge firmly rejected Wright’s claim to be ..read more

NFT Trader, a peer-to-peer (P2P) trading platform, recently experienced a security breach leading to the unauthorized transfer of significant NFT assets. The attacker, identified as 0x90…8fda, successfully made off with 37 Bored Ape Yacht Club (BAYC), 13 Mutant Ape Yacht Club (MAYC), 4 World of Women, and 6 VeeFriends NFTs, collectively valued at 1,080 ETH (approximately $2.4 million). Users are strongly advised to promptly revoke any authorization granted to the platform. Initial reports, shared by Chinese crypto news reporter Colin Wu on social media, indicate that the pilfered NFTs were sen ..read more

In a recent development, Marco Ochoa, the former CEO of IcomTech, has pleaded guilty to a conspiracy to commit wire fraud charge in the United States District Court for the Southern District of New York. This admission of guilt is tied to the infamous Ponzi scheme orchestrated by IcomTech during Ochoa’s tenure as CEO, which lasted from the company’s inception in 2018 until 2019. The U.S. Department of Justice, in an official statement, revealed that IcomTech enticed investors with the promise of daily returns on investment products, all under the guise of being a cryptocurrency mining and trad ..read more

In a significant development for the cryptocurrency world, Binance, one of the leading global cryptocurrency exchanges, has recently announced its decision to sell its entire business operations in Russia to CommEX. This strategic move is in line with Binance’s commitment to providing a seamless transition for its Russian user base. The off-boarding process for Russian users is expected to span over the course of a year, ensuring a gradual and secure transition of assets. Binance has reaffirmed its commitment to safeguarding the assets of all existing Russian users, reassuring them that their ..read more

In a recent tweet that sent shockwaves through the cryptocurrency community, renowned author and financial literacy advocate Robert Kiyosaki ignited a spirited debate about the future of Bitcoin and the US dollar. The tweet read: BYE BYE Bitcoin & US Dollar? Citibank announced today it is offering bank block chain technology to turn institutional savings into Citibank tokens which can be used for instaneous 24/7 cross border transactions. Bye bye BC & US $? — Robert Kiyosaki (@theRealKiyosaki) September 26, 2023 This bold statement has raised questions about the impact of traditiona ..read more