Pablo Rodriguez – the co-founder of the cryptocurrency pyramid scheme AirBit Club – was sentenced to 12 years in prison months after pleading guilty to wire fraud conspiracy charges in a US District Court in March. Rodriguez and his co-conspirators were accused of orchestrating a global scam, enticing investors with …

MENA (Middle East and North Africa) region has been increasingly adopting cryptocurrency for various reasons. In countries with unstable currencies or high inflation rates, cryptocurrency serves as a means to protect wealth. Contrastingly, individuals in economically stable countries such as the UAE are more inclined to explore innovative and investment-oriented …

In a significant step towards tackling cybercrime and bolstering global security efforts, the IRS Criminal Investigation (CI) recently collaborated with international counterparts to provide advanced training to Ukrainian law enforcement officers. The focus was on the intricacies of cryptocurrency and blockchain tracing. Strengthening Global Efforts Against Crypto-Enabled Crime Expanding on …

In a somewhat surprising turnaround, Tether Holdings has resumed its stablecoin lending activities from its earlier intention to scale down such operations. The company has reinitiated the lending of its own stablecoin – USDT – to clients after a temporary hiatus lasting less than a year. This decision was prompted …

Cosmos-based layer-1 blockchain – Canto – is migrating to a zero-knowledge layer 2 on Ethereum powered by Polygon Chain Development Kit (CDK). The move aligns with Canto’s plans to build a blockchain dedicated to real-world assets. The development comes amidst a significant shift in the Ethereum layer-2 space. Migration to …

Sub-Saharan Africa is the region with the smallest cryptocurrency economy, representing only 2.3% of the global transaction volume from July 2022 to June 2023. During this period, the region accumulated an estimated $117.1 billion in on-chain value. No country exemplifies this better than Nigeria, according to blockchain Chainalysis, which ranks …

Prominent blockchain investigator ZachXBT has yet again accused four popular crypto traders of a pump-and-dump scheme. At the center of the controversy are – TraderNJ, PetaByte, XO, and Trader SZ – who allegedly profited from the gains at the expense of their followers. There are many telltale signs of a …

Grayscale’s victory over the SEC could be seen as a major setback for the financial regulator, which has intensified its enforcement efforts against the cryptocurrency industry. However, this landmark win did not translate into a notable increase in the accumulation of crypto assets in the spot market. In fact, CCData’s …

Worldcoin – a crypto project by OpenAI CEO Sam Altman – has greatly polarized the Web3 community. At its core, Worldcoin uses Proof-of-Personhood (PoP), which is a mechanism that establishes an individual’s humanness and uniqueness. Proof-of-Personhood has never been more important, especially in the age of surveillance when identity – …

Brian Armstrong, the CEO of Coinbase, revealed a list of ten ideas that he’s most interested in and hopes that developers turn these ideas into reality amidst the bear market. Despite mounting regulator pressure on the home turf, Armstrong said Coinbase has its hands full with different projects and “doesn’t …

The SEC has been instructed by the US Court of Appeals to review its decision on Grayscale Investment’s request to transform GBTC into a Bitcoin ETF. The victory is no less than a milestone, and markets have also reacted positively to the ruling. This is the second major setback for …

Long-term Bitcoin holders have proved to be highly resilient but data suggest that this cohort of market players had the inkling of a favorable outcome. Bitcoin received a major push following the Grayscale court victory against the US Securities and Exchange Commission (SEC). However, preceding this event, there was significant …