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Risk Assurance Group and Telecom Analytics Provider Combat Fraud with Blockchain
Subex, a notable telecom analytics solution provider, has partnered with the Risk & Assurance Group (RAG) for blockchain-enabled fraud management solutions.
Australian Pleads Guilty to Securities Fraud in $90 Million Crypto Scam in the U.S.
An Australian man named Stefan He Qin has pleaded guilty to draining the investor accounts of his New York-based cryptocurrency fund to the tune of $90 million.
Crypto Bank Anchorage Digital To Make Entry into Asia
Crypto Bank Anchorage Digital is making an entry into Asia with five new partnerships, including crypto exchange Bitkub, asset management firm Dream Trade, blockchain investment firm FBG Capital, venture firm IOSG Ventures and digital assets financial services provider Antalpha.
Spain’s Tarragona Port Seeks to be Blockchain-Powered
Spain's Tarragona port wants to be among the pioneers to be blockchain-enabled as blockchain technology will save time, reduce costs, increase trust, and present advantages such as transparency, immutability, traceability, efficiency. This will be instrumental in lowering the percentage of errors.
Digital Asset Venture Dragonfly Acquires Crypto Fund MetaStable Capital for Rebranding
Digital asset venture capital firm Dragonfly has acquired cryptocurrency investment fund MetaStable Capital, according to Bloomberg.
Apollo Teams Up With Anchorage to Expand its Product Offering
Apollo Global Manage and Anchorage have partnered to expand the former's crypto products
Paraguay Introduces Bill to Make Bitcoin Legal Tender
Paraguay lawmaker has tabled a motion in pursuing Bitcoin as legal tender, hoping that the country will become another country to use cryptocurrency after El Salvador.
Yearn.finance Appeals to Arbitrage Traders for $1.4 Million in Recovery Funds After Multisig Error
Yearn.finance seeks the return of $1.4 million from traders after a multisignature scripting error drained its treasury.
Swiss Retail Bank to Offer Cryptocurrency Services
PostFinance has partnered with Sygnum to offer customers cryptocurrency trading and storage services, including Bitcoin and Ether.
Voyager Digital Suspends Crypto Trading, Deposits & Withdrawals
Digital asset broker Voyager Digital said halting all customer trading, deposits, withdrawals and loyalty rewards was the right one given the current market conditions.
Sushi Launches on Filecoin, Expanding Decentralized Exchange Services
Sushi, a prominent decentralized exchange, is now integrated on Filecoin, enhancing its cross-chain capabilities and launching a special NFT to commemorate the collaboration.
Proposal to Amend Cryptocurrency Leverage Regulations in Japan
JCBA has proposed to JVCEA to amend the leverage ratio regulations in cryptocurrency margin trading, advocating for the application of corporate leverage calculation methods to individual transactions as well. The proposal aims to align the crypto market's leverage regulations with other derivative markets and possibly re-attract users who shifted to overseas exchanges for higher leverage.
Famous Game ChuanQi IP Launches Blockchain-Based MORPG, MIR2M: The Dragonkin, in 170 Countries
ChuanQi IP, a subsidiary of Wemade, has recently released a promotional video for its new blockchain-based Multiplayer Online Role-Playing Game (MORPG), MIR2M: The Dragonkin. The video was revealed on the company's official YouTube channel and provides a glimpse into the narrative of the MIR2M series.
A Dragonfly Researcher Breaks Mimblewimble’s Privacy, Proving That The Model Is Flawed
The esteemed privacy of Grin has been tampered with by a Dragonfly researcher who was able to unearth the real addresses of senders and receivers of up to 96% of transactions carried out in Grin’s blockchain.
Vitalik Buterin's Insightful Financial Advice for a Prudent Portfolio
Ethereum co-founder Vitalik Buterin advises on prudent financial strategies, emphasizing diversification, savings for financial safety, a conservative portfolio, and caution against over-leveraging, blending traditional and modern investment insights.
Following Investigations in Brazil for Crypto Scams, Ronaldinho Faces Arrest for Using Fake Passport
Ronaldinho, the widely celebrated football player faces arrest for attempting to use fake passports to enter Paraguay after the scandal of his involvement in cryptocurrency scams.
Former Twitter CEO Parag Agrawal's AI Startup Raises $30 Million
Ex-Twitter CEO Parag Agrawal's new AI startup secures $30 million in funding, focusing on software for large language model developers. Backed by prominent investors, the venture reflects Agrawal's shift from social media to AI innovation.
Dragonfly Capital Completes $3.5M Seed Round Funding For Debt DAO
Dragonfly Capital completed a $3.5 million seed round for crypto credit protocol Debt DAO, according to a press release.
Huawei Files Patent For Blockchain Ledger Storage and Device
Chinese technology giant Huawei has applied for a patent on a new blockchain-based storage systems.
Exclusive: Arbitrage - the Key Business Opportunity Brought by Blockchain
Following the latest update of Paxful, Ray took a step back and shared to us his inspiration to set up Paxful and what he learnt from 11 failed startups! He then identified arbitrage as the key business opportunities by blockchain and instead of decentralization, peer to peer should be the core value preposition of Bitcoin!
Coinbase Considers Support for 18 New Cryptos Including VeChain, Prompting Higher Prices
Coinbase is considering adding a new range of digital assets, including VeChain, Aragon, Bancor, Siacoin, Origin Protocol, and Ren to its potential listings.
Binance's New Blockchain Platform Aims to Build Web3 Infrastructure
BNB Chain stores storage metadata, while third-party storage providers store data.
Henry Cheng's owned Knight Dragon to Issue 100,000 Tokens for Luxury Real Estates in London
Hong Kong property tycoon Henry Cheng's owned Knight Dragon announced Tuesday that it plans to issue 100,000 security tokens, named KDB4 for investors to invest in real estate items in London.
MATIC: Polygon zkEVM Prepares for Dragon Fruit Upgrade
Polygon ($MATIC) has announced its Dragon Fruit upgrade on September 10, ForkID5, which introduces the latest Ethereum opcode, PUSH0, and a non-critical RLP parsing bug fix. The upgrade will be implemented on Polygon's zkEVM Mainnet Beta, with a 10-day timelock for users and developers.
SEC Proposes New Rules to Address Conflicts of Interest in AI Usage by Brokerage Firms
The U.S. Securities and Exchange Commission (SEC) has proposed new rules to address potential conflicts of interest that may arise when investment advisers and broker-dealers use predictive data analytics and artificial intelligence (AI).
Ethereum Shifting to Cold Wallets for DeFi-Related & Holding Activities
ETH supply on exchanges has been shrinking by being transferred to cold storage.
Ripple Blasted by Investor Tetragon for Playing “Word Games” in $175M Stock Buyback Lawsuit
Along with the heat Ripple is currently facing from the Securities and Exchange Commission, one of its leading investors has also turned against it.
Jackson City in Tennessee Plans to Accept Property Tax Payment in Bitcoin
US Jackson City in Tennessee State intends to permit its residents to pay property tax in Bitcoin, Mayor Scott Conger reveals.
Fujitsu Files Trademark for Crypto Brokerage Services
Japanese tech giant Fujitsu has filed a trademark application for a new branding that aims to offer financial services, including cryptocurrency brokerage services, to customers. Fujitsu has been showing growing interest in Web3 technology and launched a Web3 acceleration platform in February to support startups and partner companies in creating a diverse ecosystem of Web3 applications. The move comes as financial regulators in Japan call for stricter banking rules for the crypto sector.
US Wealth Manager Confirms on CNBC that PayPal Will Enable Merchant Cryptocurrency Payments
Wealth manager, Sandi Bragar, considers PayPal as the best choice for businesses because of its bet on cryptocurrency.
Ripple Handed a Temporary Restraining Order Limiting XRP Sales until Investor Tetragon Has Sold Back Its Shares
After a court ruling, a temporary restraining order has been issued against Ripple limiting its XRP sales.
The Wormhole hack: hacker shifts $155 million
On January 23, a DEX received $155 million in Ether. The Wormhole attack, which lost 120,000 Wrapped ETH on Feb. 2, was 2022's third biggest crypto heist.
Binance to Cease Support for Leveraged Tokens by April 2024
Binance announces the cessation of support for leveraged tokens by April 2024, urging users to adjust their holdings and trading strategies in light of the upcoming changes.
AI's False Promises: CFTC Warns of Soaring Crypto Scams
The U.S. Commodity Futures Trading Commission (CFTC) alerts the public about the surge in AI-driven crypto scams, emphasizing the technology's inability to predict market trends and the dangers of misleading claims about high returns.
Fantom's Evolution: From Technical Innovations to Ecosystem Expansion
Fantom continues to innovate despite facing challenges in its DeFi ecosystem. With planned technical upgrades and a focus on growing its developer community, the network aims for a robust and diversified blockchain ecosystem.
Paraguay Senate Passes Bill to Regulate Crypto Mining and Trading
Paraguay is advancing its crypto bill. Though it appears taking clues from its counterpart, El Salvador.
Coinbase Extends Services to Institutional Users
Coinbase Global Inc said the exchange it is offering prime brokerage services for institutional customers, Bloomberg reported Tuesday.
SEC Revokes License of ParagonCoin Crypto Startup
ParagonCoin, a crypto startup backed by rapper The Game, had its license revoked by the SEC for violating securities laws by failing to file periodic reports. The startup had held a $70 million initial coin offering in 2017, and in 2021, was found liable for more than $12 million in a class-action lawsuit. Meanwhile, other rappers like Snoop Dogg and Eminem are entering the Web3 space with NFTs and new startups.
Paraguay Begins to Audit Local Crypto Industry to Comply with FATF Guidelines
Paraguay is looking to take its cryptocurrency industry mainstream, in light of the Financial Action Task Force’s (FATF) guidance on virtual asset service providers (VASPs) released earlier this year.
BNX to undergo 1:100 split to give major boost of investor confidence for BinaryX games and products
BinaryX, a Gamefi and IGO platform, today announced it will split its token, BNX. The decision was made after the project team ran a DAO vote and received overwhelmingly unanimous support (99.5%) to conduct the split. The exact timeline for the split will be announced on BinaryX’s social media and community channels soon.
SEC Charges FTX Auditor Prager Metis Over Independence Violations
The SEC has charged Prager Metis with violations of auditor independence laws, drawing attention due to its previous engagement with cryptocurrency exchange FTX, which filed for bankruptcy in 2022. The legal action emphasizes the crucial role of auditor independence in ensuring financial transparency and investor protection.
Bitcoin Addresses Sent to Exchanges Record a Monthly Low as BTC Hits a 17-Day High
New data by Glassnode reveals that crypto addresses sending Bitcoin to exchanges have recorded a monthly low. What does this mean?
Ripple Sued by One of Its Major Investors Demanding The Blockchain Firm Reclaim Its Stock
Things look grim for Ripple as Tetragon, a former investor in the company, has turned against it, filing a complaint against the fintech firm.
Jul 30 Trading Analysis: The Running of the BTC Bulls
- BTC trading resiliently around the $11k mark with open interest across global exchanges hitting $5 billion, a level not seen since February this year. - Overnight, no surprises from the U.S. Fed who left interest rates near zero and vowed to use all its tools to support the recovery from an economic downturn that Chair Powell called the most severe “in our lifetime.” - Trade strategy: Think we have got some momentum going as rotation from DeFi and precious metals investors as well as even day traders from the U.S. (think Robhinhood).
US Congressmen Urge Trump to Implement Blockchain Technology for COVID-19 Relief
Nine members of the US Congress advocated for the benefits of leveraging blockchain technology to counter the crisis brought upon by COVID-19.
Police Search of South Korean Coinbit Crypto Exchange Finds 99% Trade Volume Manipulation
Coinbit, the third-largest crypto exchange in South Korea, has found itself in trouble with the authorities for alleged arbitrage manipulation of the transaction volume.
Fidelity to Offer Crypto Trading to Retail Customers
The potential launch would come after Fidelity enabled its corporate clients in April to add the world's largest cryptocurrency to their managed 401(k) retirement plans.
Dragonfly Capital Invests $10 Million in Bitget
Dragonfly Capital has invested $10 million in cryptocurrency derivatives exchange Bitget to support its global market and service expansion and corporate social responsibility initiatives for crypto education and adoption. Bitget plans to expand its spot trading, launchpad, and Bitget Earn products. Despite the FTX collapse, cryptocurrency derivatives exchanges have recovered, and central exchanges' open interest has risen to approximately $68.5 billion.
Bitcoin Needs Momentum to Hit $43,000 For Recapturing the 200-Day Moving Average
Market analyst Lark Davis suggests that BTC needs momentum to push forward until the $43,000 level to regain the 200-day moving average.
A Large Portion of Bitcoin Supply Stores in Cold Storage Based on the Bottoming Out of Dormant BTC Supply
Dormant Bitcoin supply for at least one year bottomed out at 54.2%, indicating that a large portion of BTC was stored in the cold storage.
What is Crypto Arbitrage? Trading on Crypto Pricing Imbalances of Exchanges
Crypto arbitrage is a term used to describe a method of crypto trading that takes advantage of price imbalances for digital assets on exchanges.
Paraguay To Introduce Bitcoin law, Draft Leaks details
Reportedly, a leaked draft copy shows the detail of the proposing Bitcoin law in Paraguay. The South-American country is expected to be another country worldwide to propose Bitcoin law after El Salvador, promoting Bitcoin as Fiat Money.
DragonFly Capital Floats New $650m Crypto Fund
DragonFly Capital has launched a new Venture Capital Fund worth $650 million to continually invest in the broader digital currency ecosystem.
Paraguayan Congressmen Propose New Bitcoin Bill
Paraguayan lawmaker Carlitos Rejala and his companions have drafted and ready to propose the new bitcoin bill to congress, according to local media report.
Bitcoin Continues Holding Above the 200 MA, with $34K Being the Redline
With the 200-day moving average (MA) being a significant indicator used to determine the general market trend, Bitcoin (BTC) continues trading above this line.
What is Crypto Margin Trading & How Does it Work?
There are many different ways to trade cryptocurrency. You may have heard of “shorting” Bitcoin, margin trading, or trading with leverage. All of these terms refer to the same practice — leverage trading — but the interchangeable way they are used can make understanding how it works a little difficult.
Bitcoin Bull Tim Draper Reveals Crypto Investment Secrets – Ripple, Bitcoin Cash, Tezos, and More
Renowned tech billionaire Tim Draper revealed that his crypto investment portfolio in 2020 was not only restricted to bitcoins but also contained a variety of altcoin assets.
Italian Luxury Fashion Brand Salvatore Ferragamo Opens NFT Booth in Soho
Salvatore Ferragamo, the Italian luxury fashion brand has entered the Non-Fungible Token (NFT) scene in grand style
MetaStreet Raises $10M in Seed Funds to Launch New Products
MetaStreet, a provider of Non-Fungible Tokens (NFT) debt, has raised $10 million in a recent capital fund round
Bears Dominate Market as Bitcoin Trading Below Key Daily Moving Averages
Market analysts believe bears are still in charge as Bitcoin is still trading below key daily moving averages like 50 MA, 200 EMA, and 200 MA.
TradeSanta Review: Automated Crypto Arbitrage Trading Tools
TradeSanta is a cloud cryptocurrency trading software that can be connected to your exchange of choice to automate and execute your trading strategies.
Dragonfly Crypto Compensation Report Unveils Industry Salary and Token Trends
Dragonfly’s 2023 Crypto Compensation Report unveils key trends in salary, equity, and token packages across the crypto industry.
Robinhood to Plan Testing Cryptocurrency Wallets, Speeding up Crypto Territory Escalation
Robinhood Markets is extending its reach in the growing cryptocurrency market and now plans to test its cryptocurrency wallets. The so-called crypto wallets will give customers more ability to own and spend crypto coins.
VanEck Spearheads Entry into Stablecoin Market with Agora's AUSD Launch
Agora, backed by VanEck, announces the launch of AUSD, a USD-backed stablecoin, following a successful $12 million funding round led by Dragonfly.
Ripple Investor’s Request to Recuperate Its $175M Stock Investment Is Denied by the Court
The Delaware court has ruled that Ripple shareholder Tetragon will not be able to reclaim its Ripple equity in cash.
Google's Authenticator Update Raises Security Concerns
Google has released an update to its Authenticator app that allows users to store a one-time code in cloud storage. While this may help users who lose their authenticator app, it also makes them more vulnerable to hackers, who can gain access to the user's Google password and subsequently obtain full access to their authenticator-linked apps. Cybersecurity experts have also warned of complications that come with Google's cloud storage-based solution to two-factor authentication (2FA), raising concerns about security.
GameStop, Dogecoin and Crypto: Making Sense of The Wild Current Financial News
I have been watching the exploits of the rag-tag group of Reddit traders who have upended Wall Street's status quo. As an investor, the absurdity of both Wall Street and Reddit is apparent. I will continue to support open and decentralized platforms like Bitcoin. Here is my take on where we go from here.