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Search Results for: Cryptocurrency

Brazil Police Uncover $766M Crypto Ponzi Scheme Fraud

Brazilian law enforcement officers searched the home of da Silva and his accomplices. Celebrities like model Sasha Meneghel lost almost $230,000. The activities of a criminal organization headed by businessman Francisco Valdevino da Silva, aka “Bitcoin Sheikh,” were apparently put to a stop by the Brazilian Federal Police. To the

October 10, 2022 2 mins read

Do Kwon’s Passport To Be Revoked Unless Handed Over

In conjunction with Kwon’s actions, police have also detained one close aide. Kwon is the subject of a “Red Notice” from Interpol, the international police agency. On Thursday, South Korean officials started the process of revoking the passport of Do Kwon, founder of Terraform Labs, whose firm was responsible for

October 10, 2022 2 mins read

Take Part in the Battle for the Aegis at 1xBit

One of the biggest online multiplayer battle tournaments has begun, and all players from 1xBit can take part in the action. Select your heroes carefully because they can bring victory or defeat. Master tacticians or brutal villains, which way will you go? It’s time for combat and finding the key

October 10, 2022 3 mins read

Dapper Labs Discontinues Russian Services Amid EU Sanctions

Dapper Labs has suspended Russian accounts amid the European Union’s recent sanctions. Impacted users will be unable to buy, sell, or gift digital collectibles across several platforms. Dapper Labs, the blockchain and NFT-based platform have halted Russian accounts following the recent sanctions imposed by the European Union (EU) on Russia

October 10, 2022 2 mins read

Binance CEO Changpeng Zhao Discusses Decentralization

CZ uses the expression “not your keys, not your coins” as an example. The CEO sees decentralization not as a goal in itself, but as a way to achieve a goal. Changpeng Zhao (CZ) shared his thoughts on centralization and decentralization in a new post published on the Binance website.

October 9, 2022 2 mins read

Russian Paramilitary Groups Turn to Crypto Avoiding Sanctions

$400,000 have been raised since the beginning of the invasion in February. The entity bought things like survival gear and ordinary military gear. According to an analysis by blockchain intelligence company TRM Labs, pro-Russian organizations are using crowdfunding campaigns. In order to raise a substantial quantity of Bitcoin and other

October 9, 2022 2 mins read

Web3 Protocol Golden Raises $40M Led by A16z Venture Capital

According to Golden’s CEO and creator, existing data mining techniques are flawed. Golden presents a mechanism to penalize the entry of fraudulent data. With this Series B funding round, decentralized data hub firm Golden has announced a $40 million cash infusion. Many prominent venture capital firms, including Opensea Ventures and

October 9, 2022 2 mins read

Firms Declaring Crypto Holdings in Brazil Steeply Rises

More than 1,300,000 people have said they own some kind of cryptocurrency. BRZ, the first Brazilian real-pegged stablecoin, had considerable price fluctuations. With a large number of cryptocurrency adopters, Brazil is widely exploring the crypto industry. In Brazil, where 7.8% of the population, or roughly 16 million individuals, now possess cryptocurrencies,

October 9, 2022 2 mins read

Bitcoin Outperforms Both Nasdaq and S&P 500 in September

Bitcoin’s risk-adjusted gains were third best, after only Solana. Ethereum is called out as the worst performer among the four tracked cryptocurrencies. Even though bitcoin had a negative return of 3.11% in September compared to the previous month, it still managed to beat both the S&P 500 and Nasdaq which

October 9, 2022 1 min read

MENA Region Crypto Volume Tops as per Chainalysis Report

With a year-over-year increase of 120.9%, Morocco comes in at number two. transaction volume in Egypt tripled compared to the preceding year. Chainalysis reports that between July 2021 and June 2022, MENA consumers saw a 48% increase in crypto transaction volume, reaching $566 billion. Among the eight areas studied, this

October 9, 2022 1 min read