Hong Kong police have seen a significant increase in online investment fraud cases, with about 70% of them involving cryptocurrencies. There were 1,503 reported cases over the first ten months of 2022, which represents a 90% increase from 2021. As reported by RTHK, the most prominent case involving virtual assets included close to 20 million yuan. […]
Crypto Payments Company Wyre to Shut Down in 2023: Report
Amid layoffs, Wyre, a 2013-founded crypto payments company, has informed staff that it is closing down, as reported today by Axios. Two ex-employees have confirmed that Wyre is shutting down and plans to cease operations in January 2023. The CEO, Ioannis Giannaros, reportedly informed some employees of the closure via email during the holiday season and stated […]
Get Ready For Bitcoin Bull Market – Hashrate Index Predicts End of Bear Market in 2023
WU Blockchain reported yesterday that the professional mining data organization Hashrate Index has predicted that the current bear market for Bitcoin will come to an end in 2023. It is currently too early for another full-scale bull market to occur. The report also states that the growth of Bitcoin’s hashrate will slow down and that ASICs (application-specific […]
Gemini Founder Calls Out DCG’s Founder For Mishandling $900M
Wu Blockchain reported on December 2nd that Cameron Winklevoss, the founder of Gemini, has written an open letter to Barry Silbert, the founder of Digital Currency Group (DCG). The letter expressed concern about the 340,000 EARN users who have been unable to withdraw their funds, totaling $900 million, for 47 days. Winklevoss has asked Silbert to commit […]