The United States Department of Justice (DOJ) has successfully seized assets worth $112M in cryptocurrency in a pig butchering scam. The department said that these scams have been on rise over the past few years and they are working hard to find other such scams prevailing in the country. What is a Pig Butchering scam?…
Binance, the world’s largest crypto exchange by trading volume, recently announced its decision to suspend USD transfers due to a lack of support from banks. This news has caused shockwaves throughout the cryptocurrency industry, raising concerns about the stability of digital assets and their long-term future. From tomorrow, February 8th, 2023, the suspension will take…
Gemini’s Latest Crypto Card Focuses on Privacy Gemini has rolled out a new credit card this week that puts the spotlight on Zcash, the privacy-focused cryptocurrency. This marks the exchange’s fourth branded card, following earlier releases featuring Bitcoin, Solana, and XRP themes. What’s interesting here is the timing. Gemini just went public a few months…
NFTs are rapidly transforming the fashion and art landscape because they help artists and designers to create collectors’ items and sell them widely. Since NFTs are non-fungible, they can’t be exchanged. Artists and designers in the art and fashion industries are enjoying the NFT space because it allows them to create original collectibles and earn…
Binance Smart Chain (BSC) Bridge Provider Security Breached, but Polker (PKR) is Strongly Resistant Failure by the bridge provider, Poly-Network to close ETH-BSC bridge at launch time leads to massive dump of PKR tokens. NEW YORK, US, July 1, 2021 – Polker, an online blockchain game, fell victim to a security breach during their launch…
The crypto house continues to supply a fertile floor for the proliferation of various fraudulent schemes. Since laws on this digital house will be difficult and time-consuming to execute, Ponzi-schemes like Crypto Unit continues to exist. Little doubt, first rate corporations offering real providers on the blockchain with out contravening the foundations abound. However there’s…
The recruitment and job-search scene in Japan is beginning to shift as a result of metaverse technology. A job fair with over 2,000 students in attendance gave them the chance to interact with recruiters through virtual avatars and consider the features and disadvantages of each career opportunity. According to the reports, participants were free to raise…
Binance’s terminated partnership with Paxos leads to the launch of stablecoin FDUSD, and Binance plans to collaborate with other stablecoin projects. Key Points The Chief Executive Officer of Binance, Changpeng Zhao (CZ), recently revealed that the terminated partnership with Paxos has led to the introduction of the stablecoin FDUSD. In 2019, Binance and Paxos collaborated…
Saga, the Layer 1 platform purpose-built for launching dedicated application-specific blockchains (chainlets), is proud to announce the official launch of its Liquidity Integration Layer (LIL). As the first solution of its kind, LIL addresses liquidity fragmentation in a natively multichain environment, empowering developers to launch innovative Defi projects, primitives, and memecoins with unprecedented ease. This…
2021 was not just the year of institutionalization of crypto and new all-time highs; it also turned out to be the biggest year for crypto philanthropy. According to research data from The Giving platform, crypto donation volume rose to $69.6 million in 2021 compared to $4.2 million in 2020. Crypto donation volume spiked 1,558% or nearly…
