The authorities of Venezuela have reportedly urged local bitcoin miners to temporarily halt operations while inspecting a major corruption scheme that could have drained up to $20 billion. People who are part of President Maduro’s inner cycle are suspected of orchestrating the crime that involved the national oil and gas …

San Francisco’s law enforcement agents have reportedly detained the 38-year-old tech-consultant and entrepreneur – Nima Momeni – for the alleged murder of Bob Lee (founder of the mobile payment service that allows users to buy and sell bitcoin – CashApp). The incident happened last week when Lee was stabbed to …

Bitfinex became the first cryptocurrency exchange to be registered as a Digital Asset Service Provider (DASP) by the regulators of El Salvador. The Latin American country is a pioneer in the industry, embracing bitcoin as a legal tender in 2021. Under the rule of President Nayib Bukele, it purchased amounts …

The legendary US investor and an outspoken critic of cryptocurrencies – Warren Buffett – launched another bashing manifest against bitcoin, classifying it as a “gambling token.”  He argued that most people invest in it in search of “easy money,” alerting that the pursuit of getting rich in a short period …

The United States Department of Justice (DOJ) seized $112 million in cryptocurrencies previously drained through the so-called “pig butchering” scams. One particular account based in Los Angeles contained more than $66 million worth of digital assets.  That type of fraud has become increasingly popular recently. An investigation assumed that many …

As Decentralized Finance (DeFi) continues to grow, there is a need for new crypto projects to offer more products that will bolster the ecosystem. However, over the last 12 months, several crypto projects have collapsed. This has reduced investors’ confidence and trust in the crypto market, which has affected how …

43% of the 1,500 Singaporean respondents in a recent Independent Reserve survey said they own some amount of cryptocurrencies. In comparison, last year’s research estimated the figure to be around 40%, while the adoption levels were 43% in 2021 (during the bull run). 77% of the HODLers said they have …

Traditional finance (TradFi) is facing serious challenges, highlighted by recent scandals in the industry. On November 8th, 2022, the mismanagement of centralized finance collided with crypto, as the infamous centralized exchange FTX, owned by Bankman-Fried, unraveled to the tune of 8 billion dollars. The FTX administration used little to no …

Cryptocurrency adoption has undoubtedly been on the rise throughout the past couple of years in terms of both retail and institutional usage. However, now, following a year during which the market declined considerably, and many people left, it appears that a lot of it was mainly driven by speculation. In …

The major cryptocurrency is rising as Bitcoin prices surged above $28,000 per coin during the last week of March. This may look like fiddling while Rome is burning after the collapse of some key banks for the crypto market in the United Stated. Banks Are Tumbling First, Silvergate Bank (SI) …

The Brazilian supermodel Gisele Bündchen said her financial advisers pushed her into investing in the now-bankrupt exchange FTX, describing it as “a sound and great” opportunity. She and her ex-husband – the NFL legend Tom Brady – are among the numerous people who parted with substantial funds due to their …

Over the past 12 months, the financial markets, including the crypto and traditional finance sectors, encountered a series of catastrophic failures that left many investors scratching their heads and counting losses. For instance, more than $650 billion was wiped off the crypto market following the collapse of Terra/LUNA in May …