Sat, February 22

WazirX Recovery Plan Real Redemption or Another Scam?

WazirX Announces Recovery Plan, a WazirX scam? WazirX has announced a recovery plan for users affected by the $230 million hack that hit the exchange in July 2024. Under this plan, victims will receive 85.25% of their portfolio value as recorded on July 18, with the first round of distributions

February 11, 2025 2 mins read

Japanese Gaming Firm Gumi Makes a Bold Move into Bitcoin Investment

Tokyo-listed mobile game studio Gumi Inc. has announced that between the months of February and May 2025, it intends to purchase Bitcoin (BTC) worth around 1 billion Japanese yen, about $6.58 million. Gumi Inc. points out that Bitcoin investment is one of the measures to consolidate the node operation business

February 11, 2025 1 min read

Memecoin Rug Pulls and Scams Lead to Over $500M Loss in 2024

Crypto scammers and fraudsters always find new ways to exploit crypto investors and trading platforms. And, social media platforms are becoming like hubs for these scams. A recent report by Merkle Science found that social platforms X and YouTube are the top places where most of the crypto scams took

February 11, 2025 2 mins read

BNB Chain’s Four.Meme Platform Faces $183K Hack

Another day, another vulnerability was exploited in cryptocurrency. BNB Chain’s Four.Meme launch platform has faced a major security breach. The attackers targeted the growing liquidity in meme tokens and swiped $183k worth of assets. Four.meme is a memecoin launch platform based on the BNB chain. It was launched in July

February 11, 2025 2 mins read

Thai Police Seize $2.5 Million in USDT from Suspected Scam Operation

Thai police collaborated with Chinese authorities to freeze $2.5 million in Tether (USDT) linked to a high-profile scam operation. The suspects, two Chinese nationals, Ye Wanyou, 29, and Li Weijie, 30, were arrested on February 5 at a Bangkok residence. These two are reportedly said to have attempted to erase

February 11, 2025 2 mins read

Binance and SEC File Joint Motion to Pause Litigation For 60 Days

Binance and the U.S. Securities and Exchange Commission (SEC) have jointly filed a motion to put their lawsuit on hold. This step is taken due to the SEC’s cryptocurrency working group potentially intervening in the lawsuit process. According to Fox Business reporter Eleanor Terrett, this was the first request to

February 11, 2025 2 mins read

Litecoin ETF Leads with 90% Approval Odds While XRP ETFs Lag Behind

James Seyffart and Eric Balchunas, analysts at Bloomberg, have published their most recent predictions for the approval chances of spot cryptocurrency exchange-traded funds (ETFs). They have narrowed their focus to Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), and XRP, which are expected to gain SEC acknowledgement and regulatory clarity by the

February 11, 2025 2 mins read

Grayscale Files for Cardano ETF Amid SEC’s BTC ETF Amendments

The US ETF market has once again sprung up with activity this week. While already launched spot ETFs continue to perform fairly well, they have recently triggered interest among institutional investors. On the other hand, the overall crypto market is still recovering from its most recent market crash.  Notably, in

February 11, 2025 2 mins read

Jeremy Hogan Suggests Why the U.S. Might Include XRP in a Strategic Reserve

Popular legal expert Jeremy Hogan has offered a speculative take on why the U.S. government might include XRP in its potential strategic digital asset reserve. Hogan recently addressed how crypto enthusiasts, particularly Bitcoin supporters, view government involvement in digital assets, challenging the idea that XRP is unsuitable as a reserve

February 10, 2025 2 mins read

South Korea Urged to Launch Crypto ETF to Stay Competitive

South Korea is the third-largest cryptocurrency trading country, but it has not yet introduced cryptocurrency exchange-traded funds (ETFs). Experts warn that this delay could make the country fall behind in global finance. Jung Eun-bo, chairman of the Korea Exchange (KRX), has urged the government to launch crypto ETF. He says

February 10, 2025 2 mins read