The U.S. Department of Justice has said it has thwarted fundraising attempts by various militants around the world by seizing hundreds of cryptocurrency accounts, four Facebook accounts, and four websites. According to reports by Reuters, the seizure is the largest cryptocurrency syncopal episode by the Hamas, al-Qaeda, and Islamic State military-terrorist platforms to raise funds […]
Three PlexCoin ICO Scammers Face Allegations Over $8Million Fraud
According to recent reports, three Canadians face charges of allegedly swindling investors of $8 million for the 2017 PlexCoin ICO scam. Conspiracy to Commit Wire Fraud and Securities Fraud The three individuals, Dominic Lacroix, Sabrina Paradis-Royer and Yan Oullet, face five counts, including money laundering conspiracy and wire fraud conspiracy; securities fraud and wire fraud […]
Binance Kicks off Issuance of Debit Cards
Binance, the Malta-based cryptocurrency exchange unveiled its plans for a digital currency debit card back in April of this year. According to the recent updates, the exchange has now begun to ship its debit cards to customers in limited quantities after months of planning to carve a niche in the card payment sector. Using the card, […]
Decentralized Exchanges Caught on the Radar of Volume Manipulation by Wash Trading
A 2019 blockchain report by Bitwise concluded that most of the reported crypto trading volumes by centralized exchanges were fake. This was after analyzing data and trading patterns across different crypto exchanges and finding that the true market value of a major company’s bitcoin traded was only $273.A rather big difference compared to the daily […]
Coinmarket Withdraws Binance Coin(BNB) from #1 Decentralized Finance (DEFi) Token
A swarm of critics might have pressured CoinMarketCap to remove Binance Coin (BNB)from the list of leading decentralized finance tokens. The company withdrew the coin and claimed it had been placed at number one as a result of human error. Popular crypto podcaster Yannick Eckl first noticed a change in the listing, stating that Binance […]
Gold and Silver Smashing New Records, Will Bitcoin Follow
Discount Brokerage Platform Robinhood has made a spike in the trading activities of gold-tethered traded funds (ETFs). The data from the analytics site, Robintrack, recorded a surge in the number of Robinhood users trading SPDR Gold shares Exchange Traded Funds from 6,000 in 2019 to 26,000 this year. Silver, on the other hand, rose to record […]
Youtube Refutes Ripple Inc Claims of Perpetrating Cryptocurrency Scams
Youtube video sharing platform was under pressure from a lawsuit filed by Ripple in April 2020 blaming it for supporting crypto scams. Youtube responded to the April lawsuit citing the site failed to stop XRP scammers and impersonators from doing so. According to today ‘s report, Law 360, the legal team representing Youtube referred to […]
Spiking Volume of Bitcoin P2P Trading Hit New All Time Highs
Bitcoin P2P ( Peer to Peer )trading is taking the lead in different countries around the world. This could be the result of strict measures to engage in cryptocurrencies in countries such as China. This week, the volume of P2P bitcoin trading has hit new all-time highs in at least six countries. India took the lead […]
Dogecoin Clinches Top Position Among Most Profitable Altcoins to Mine
An altcoin that only started as a meme/joke coin in 2013, is gaining traction as one of today’s most speculated coins. Apart from its price rallying upwards by extreme percentages, Dogecoin sets itself apart as a profitable altcoin for miners. The original design of Dogecoin was inflationary, and this is the main factor in the […]
Perkshield Blockchain Security Analytics Reveals $1.4B of Laundered Money was Moved Across Crypto Exchanges
The security incident on Twitter on Wednesday left a lot of people wary of crypto and bitcoin in particular. While the social media company has investigated and fixed security loopholes, its share price on the stock market has decreased significantly by almost 4 percent. 2020 as in the past years, cryptocurrency hacks are not without […]