Abdulrasaq Ariwoola
China’s Largest Bank’s US Branch Suffers Ransomware LockBit Attack
The U.S. subsidiary of China’s largest bank, Industrial and Commercial Bank of China Financial Services (ICBCFS), fell victim to a ransomware called LockBit, disrupting activities and causing chaos in the...
Dubai’s VARA Sets New Deadline for Crypto Entities To Get Licensed
Crypto companies registered under Dubai‘s new legal framework have until November 17 to finish their applications. The Dubai Virtual Assets Regulatory Authority (VARA) recently made this announcement and warned crypto...
Crypto Exchange Coinspot Loses Over $2 Million in Hack: ZachXBT
Coinspot, a crypto exchange in Australia, seems to have fallen victim to an exploit that drained assets worth $2 million from two of its wallets. Popular on-chain crypto sleuth ZachXBT...
Bitcoin ETF Approval Poses Threat to Michael Saylor’s Horde: Report
Analysts and experts have started to evaluate MicroStrategy Chairman Michael Saylor’s Bitcoin accumulation strategy as a U.S. Securities and Exchange Commission Bitcoin exchange-trusted funds (ETF) approval looms, Bloomberg reported. Indeed,...
Binance Adjusts its ORDI Description Following Several Call-Outs
Cryptocurrency exchange platform Binance has corrected the description and links included in its ORDI token listing announcement. The adjustment came on the back of several callouts over “misleading statements” in...
US Hedge Fund Coatue Marks Down OpenSea Stake By 90%: Report
More woes may lie ahead for NFT marketplace Opensea as a report from The Information revealed one of its largest investors marked down the value of its stake in the...
XAI Meme Coin Takes a Hit as Elon Musk Denies Token Connection
Meme coin XAI has seen a significant drop in its value and trade volume following recent statements from billionaire tech founder Elon Musk. As previously reported, Musk, in a recent...
Binance Announces Ordinals (ORDI) Listing; Token Surges 50% in Reaction
Crypto exchange Binance announced today the listing of the Ordinals (ORDI) token on its platform. With the development, Binance joins a growing list of crypto trading platforms to have listed...
Whale Withdraws ETH Worth $15.9M from Binance Amid Price Rally
Following its gradual ascent toward the $1900 price range, ether has drawn the interest of several investors, with whale activities picking up considerably. Blockchain analytics platform Lookonchain today shared that...
Binance to Halt TOMO Deposits and Withdrawals on November 20
Binance today disclosed that it would suspend deposits and withdrawals of TOMO on its platform and payment channels as the project’s team undergoes a rebranding. Indeed, TomoChain on November 1...
S&P 500 Outpaces BTC, ETH as Crypto Rally Slows Down: Santiment
The S&P 500, an index that tracks the price performance of the 500 largest companies in the US, outperformed leading cryptocurrencies Bitcoin and Ethereum in the past week. The upsurge...
Bitcoin is “Exponential Gold,” Says Fidelity Investments Director
Jurrien Timmer, director of Global Macro at financial services company Fidelity Investments, in a recent post, hailed Bitcoin as “exponential gold,” alluding to the digital asset’s potential to add significant...
Defunct Exchange FTX Bankruptcy Claims Price Hit Record-High 57%
In light of recent developments in the ongoing Sam Bankman-Fried’s trial on Claims Market, a platform dedicated to bankruptcy claims, data indicates a significant surge in the current claim pricing...
TokenFi Surges 40%+ Despite Bitget’s Delisting and Allegations
TokenFi, a protocol token launched by meme coin Floki, has seen an upward trend in its price. The token, which became available for public trading on October 31st, experienced a...
Report: 40 Countries to Sign Pledge to Never Pay Cybercriminal Ransoms
Forty countries in an alliance spearheaded by the United States plan to sign a pledge to never pay ransom to cybercriminals, and to work towards removing hackers’ source of revenue,...
Is a Spot Bitcoin ETF Approval Close? Lawyer Hints a Possibility
In a recent post on X (formerly Twitter), Scott Johnsson, a U.S.-based financial lawyer, raised speculations about a possible spot Bitcoin exchange-traded-fund approval by the U.S. Securities and Exchange Commission...
Bitcoin Resurgence: Almost 40 Million Bitcoin Addresses in Profit
Following the recent upward trend in the world’s largest cryptocurrency, Bitcoin, Glassnode data shows the number of Bitcoin wallet addresses holding the digital asset profitably has also increased. Indeed, the...
Bitcoin and ASIC Miners’ Price Follow the Same Trajectory: Analysis
Adam Back, co-founder and CEO of blockchain company Blockstream, in a recent analysis, said the price of Bitcoin and Bitcoin mining equipment often follow the same trajectory. Back pointed to...
Singapore Teams Up With Japan, Swiss, UK Bodies on Crypto Regulation
The Monetary Authority of Singapore (MAS) announced on October 30 that it has partnered with authorities in Japan, Switzerland, and the United Kingdom to foster digital asset innovation and adoption....
Bitcoin ATMs Are “Rip-Offs,” Says Dogecoin Co-Creator Billy Markus
In a recent tweet on X, Dogecoin Co-Creator Billy Markus, also known as Shibetoshi Nakamoto, expressed his displeasure with Bitcoin automated teller machines (ATMs), calling them rip-offs. His statement came...
Regulators in Brazil Keep Watch on USDT as Trade Volume Soars
In a recent report, regulators in Brazil have noted the rapid rise in USDT’s trading volume in the country. According to Brazil’s Federal Reserve, monthly surveys conducted since 2019 indicate...
Ethereum Developers Say Dencun Upgrade Will Not Happen This Year
Ethereum client developers announced on Thursday that the Dencun upgrade will not be implemented before the end of the year. The delay is due to more work needed and a...
Banks in India Introduce Incentives To Boost E-Rupee Transactions
Banks in India are pooling efforts to boost the popularity and use of the e-rupee, a central bank digital currency launched by the Reserve Bank of India, a local news...
Matrixport Report Predicts BTC to Hit $125,000 by End of 2024
Amid recent excitement in the crypto market, top crypto trading firm Matrixport, in a recent report, predicted that the world’s largest cryptocurrency by market cap, bitcoin, could reach $125,000 in...
DOGE, SHIB Soar Over 8% As Crypto Traders Double Down on the Tokens
Alongside a wider crypto market resurgence, meme coins Dogecoin and Shiba Inu have added impressive gains to their prices in the last 24 hours. CoinMarketCap data shows DOGE has added...
