The FBI has published a PSA alerting consumers against non-fungible token (NFT) scams in which fraudsters pretend to be the creators of well-known projects. It was noted that the criminals hijack the accounts of NFT developers and undergo digital theft activities by draining the victim’s wallet. Also, an alert number
XDC, the native cryptocurrency of Singapore-based XinFin Network, has captured the attention of the crypto community for over a month due to its impressive bullish performance. The coin recently reached an all-time high for the year at $0.08, marking an surge of over 300% from its monthly low of $0.03.
The National Crime Agency (NCA) of the UK is looking to hire four senior investigators to join its Complex Financial Crime Team and look into offenses involving digital assets. The job entails looking into organized criminal organizations’ use of blockchain technology for things like high-end crypto fraud and money laundering.
The proposal to prohibit further CRV borrowing was supported by 100% of the Aave community. The community has been advised by risk management company Gauntlet to avoid the liquidation risk of Curve Finance founder Michael Egorov’s debt, which might cause a ripple effect and perhaps a DeFi meltdown, by prohibiting
With the advent of a new index, CoinGecko is now keeping tabs on the most prominent digital tokens that are likely viewed as securities by the United States SEC. According to market cap, BNB ranks first on the “Top Alleged Securities Coins” page, followed by Cardano (ADA), Solana (SOL), and
Fears of bankruptcy and reports that Chinese authorities are investigating Huobi’s management led to $64 million in withdrawals during the weekend. Total value locked (TVL) on the exchange fell to $2.5 billion from $3.09 billion the previous month as speculations persisted. The top management of the exchange was allegedly detained
Chainlink, the leading Web3 services platform, is undergoing significant network enhancements. Notably, its GitHub development activity has surged this summer, propelling the asset into the top five most frequently developed assets, according to a crypto analytics platform, Santiment. The fourth quarter of 2023 for Chainlink was marked by a flurry
Shiba Inu’s lead developer, Shytoshi Kusama, finds himself at the forefront of a relentless battle against misinformation and scams targeting the meme coin’s investors. The recent incident involved debunking a scam related to the release of new tokens within the Shiba Inu ecosystem, sending a stern warning to the community
Shiba Inu (SHIB) has taken the crypto world by storm with an unprecedented surge in substantial on-chain transactions. According to IntoTheBlock, a prominent blockchain analytics platform, SHIB has seen a jaw-dropping increase in transactions valued at $100,000 or more. In the span of just 24 hours, these high-value deals involving
A judge in Manhattan state court determined on Friday that New York Attorney General Letitia James may proceed with her civil fraud lawsuit against Alex Mashinsky, the founder and former CEO of the defunct crypto lender Celsius Network. James sued Mashinsky in January before the former CEO of insolvent crypto
