Cryptocurrency investment firm, Grayscale has achieved its most significant single fundraising week in its entire lifetime, raking in a massive $217 million. The crypto investment firm has had a smash hit of a week, following the release of its new Bitcoin TV ad campaign. On August 14, Grayscale’s CEO, Barry Silbert, disclosed through Twitter that […]
WazirX Explores DeFi Despite Regulatory Uncertainty Clouding the Indian Crypto Industry
On 15 August, India’s leading cryptocurrency exchange, WazirX, announced that it was preparing to create and set up its first Decentralized Finance (DeFi) product in partnership with the Matic Network.The move by the exchange to create a DeFi product comes at a time when the Indian crypto industry is clouded with regulatory uncertainty. An automated […]
U.K. Law Enforcement Detains Woman With Fraudulently obtained Bitcoin Worth $150,000
According to an official statement by the UK Metropolitan Police Service (MPS), a 35-year-old woman was arrested on 12 August by detectives from the Met’s Proactive Money Laundering Team for controlling a large amount of fraudulently obtained Bitcoin. At the time of the arrest, the suspect had Bitcoin amounting to about $150,000 in the wallet. […]
Telangana, An Indian State to Explore the Blockchain-Based E-voting Platform
The Telangana State Government has shown an interest in creating a blockchain-based e-voting platform to be used by local and national governments, enabling voters to cast their votes remotely and privately. In his webinar speech dubbed ‘Exploring Blockchain for Remote Voting,’ the Principal Secretary of Information Technology Jayesh Ranjan said that e-voting would first be […]
Australian Court Sends Woman to Jail for Stealing XRP Worth Over $300K
An Australian court has sentenced a female hacker to more than two years behind bars for stealing XRP tokens worth more than $300,000 back in 2018. The hacker, Kathryn Nguyen, will spend at least two years and three months in jail for her involvement in theft of more than 100,000 XRP tokens two years ago. […]
Facebook Dives Deep into Fintech with the Rollout of Facebook Financial
According to Bloomberg’s August 10 report, Facebook’s social media giants have launched a new product group called Facebook Financial (F2) in an effort to penetrate the fintech sector. The goal of the new product group is to promote payments and commercial opportunities and will be headed by David Marcus, head of Facebook Libra, and will […]
Nigeria Records Largest Interest In Bitcoin Activity Worldwide Since April
The largest economy in Africa, Nigeria, is currently topping the charts in recorded Bitcoin activity and interest worldwide since April. The oil-rich western African nation leads in traffic and activity recorded on the site, according to a recent report by crypto wallet Blockchain.com. Nigeria also registers the highest Bitcoin trading activity in Africa. In addition, […]
Illegal Movie Site Handlers Nabbed With Bitcoin worth $30 Million By German Authorities
Two operators of the illegal movie streaming site, movie2k.to, have been nabbed with Bitcoin worth $30 million by the General Prosecutor’s Office in Dresden, Germany. The arrest follows a conclusive investigation by a joint task force between the renowned American FBI office and the German police. They are said to have obtained the crypto fraudulently […]
China’s Fast-Rising Digital Currency Yuan, Set to Counter the Superiority of Alibaba in the Financial Market
China’s digital yuan is set to counter the dominance of private firms on the financial market. Local fintech players like Alibaba have been leading digital retail transactions in the country for quite a while now. The fast-growing digital currency also seeks to compete actively with the U.S. dollar on the market. The state-owned digital currency, […]
Suspected Twitter Hack Perpetrator Found With Bitcoin Worth $3 Million After Investigations
The Florida-based teenager Graham Ivan Clark, who is presumed to be the mastermind behind the recent twitter hack, is reported to have $3 million worth of Bitcoin. Recently he was arrested by federal agents after investigations following the Twitter cyberattack involving high profile personalities. Explicitly targeted for fraudulent purposes were influential Twitter users such as […]