US ramps up enforcement actions against global crypto scams

The U.S. Justice Department has announced sanctions against two Russians, and the arrest of two Malaysians, over separate seven-figure crypto scams. The United States has taken actions against international hackers responsible for the theft of millions of dollars in cryptocurrency. On September 16, the U.S. Department of Justice, U.S. Department of Homeland Security, and the U.S. The Department of the Treasury’s Office of Foreign Assets Control announced it has imposed sanctions on two Russian nationals who used a sophistication phishing campaign to steal at least $16.8 million from the customers…

Read More

Binance immediately lists Uniswap’s new token as excitement mounts

Binance has already announced it will list the UNI token. Unfazed by the controversy over its SushiSwap listing, Binance has already announced support for Uniswap’s new token around an hour or so after it was announced. The decentralized finance (DeFi) platform’s governance protocol token UNI went live on Ethereum (ETH) around 90 minutes ago. Over the next four years, one billion UNI tokens will incrementally be released, with 15% being immediately released to past users of the platform. In total, 60% will go to community members, while the remaining 40%…

Read More

Bitcoin sentiment at record lows … Does it mean the price will go up?

Social media sentiment for Bitcoin has slumped to a two year low yet technical indicators are still saying ‘buy’ A number of metrics indicate that social and trading sentiment for Bitcoin is still low despite its price breaking above $11,000 a couple of hours ago. On-chain analytics provider, Santiment has revealed that weighted social sentiment for Bitcoin is at its lowest level for two years. The metric takes into account the overall volume of Bitcoin mentions on Twitter and compares the ratio of positive vs. negative commentary on the platform.…

Read More

African traders least likely to fall for crypto scams: Chainalysis

The region’s traders are highly aware of scams and avoid them. Blockchain forensics firm Chainalysis has found that crypto traders in Africa are less likely to have sent tokens to, or received tokens from, known scam addresses than traders in other regions in the past year. In the Chainalysis “2020 Geography of Cryptocurrency Report”, the firm states that the percentage of illicit cryptocurrency activity associated with scams isn’t as high in Africa as other regions around the world. Illicit cryptocurrency activity accounted for just 2% of the region’s roughly $16…

Read More

Defi Platform Bzx Recovers Stolen $8.1 Million From Hacker

Decentalized finance (defi) protocol Bzx has recovered the $8.1 million it lost to a hacker a few days ago. The company claims it was able to track down the cyber thief, whom it refused to name for legal reasons, through their on-chain activity. Cornered, the attacker returned the loot. “All funds have been recovered from the attacker. We are restoring the system,” said Kyle Kistner, co-founder of Bzx, in a statement released on September 15. “The funds are now in the team wallet and being used to restore the lending…

Read More

Ripple CEO criticizes India’s looming crypto ban

‘Disappointing to see India flip-flop on crypto,’ Garlinghouse stated. Indian government officials are reportedly planning to discuss a new bill whose legal framework would ban cryptocurrencies on the subcontinent.  According to a Sept. 15 report from Bloomberg, the Indian federal cabinet is considering a law banning crypto six months after courts lifted a blanket ban. Anonymous sources claimed that the Indian government would encourage the development of blockchain technology, but not cryptocurrency trading. In response, Ripple CEO Brad Garlinghouse called the decision “disappointing,” stating that cryptocurrency had the potential to…

Read More

3 reasons Bitcoin price just hit $11,000 despite altcoin stagnance

The price of Bitcoin surged past $11,000 but it might be too early to expect a significant rally to begin. Within the last hour, the price of Bitcoin (BTC) surpassed $11,000 across major exchanges, including Coinbase and Binance. This comes after nearly two weeks of low volatility as the cryptocurrency market remained stagnant and Bitcoin price was pinned below multiple resistance levels. BTC/USD daily chart. Source: TradingView.com Unlike the previous rallies which saw Ether (ETH) lead the Bitcoin upsurge, only BTC has moved higher whereas other major cryptocurrencies are still…

Read More

South Korean gov pledges to bring blockchain voting into people’s homes

Blockchain could soon be integrated into South Korean apartments. The Blockchain frenzy in South Korea has now reached the housing sector, with the national government pledging $1.27 million in funding for a blockchain-based platform that targets apartment residents across the country. According to ZDNet Korea, the South Korean Ministry of Science, or ICT, chose a local firm, Ksign, to develop a contact-free platform which will let residents engage with electronic voting, parking space management, and other housing-based governance measures. The platform will also aid with social distancing, said the announcement.…

Read More

You can now send email right from your Ethereum address

Sign your email with a private key, just like in the good old days. Unstoppable Domains has introduced a new feature — Unstoppable email. Now anyone who owns a domain with a .crypto extension can send email signed by the Ethereum (ETH) private key that controls it. This is reminiscent of how the old cypherpunks used to sign their emails with PGP keys. In the 1990s, an early Bitcoin (BTC) adopter Hal Finney helped develop Pretty Good Privacy or PGP, which allowed users to encrypt various digital mediums, including emails.…

Read More

Blockchain gaming takes a colossal step forward as media giant announces new offering

You’ve definitely heard of this major media player. Multinational media and entertainment conglomerate, WarnerMedia, is joining the blockchain gaming ecosystem via its subsidiary, Turner Sports. The company, which is responsible for sports broadcasts on channels such as TBS, TNT, and TruTV among others, recently announced “Blocklete Games”; a platform which will allow players to collect, train, trade, and compete with digital athletes while earning cash prizes. This is all made possible through the implementation of non-fungible tokens, or NFTs — crypto tokens that are each verifiably unique, despite being issued…

Read More