Category Archive: Cryptocurrency, No picture
Over 10% of financial fraud cases are crypto-related, FBI report reveals
Key Takeaways Crypto fraud in 2023 led to a 45% increase in losses compared to 2022. Victims over 60 were the most affected, with losses near $1.6 billion. Share this article The Federal Bureau of Investigation’s Internet Crime Complaint Center has released its Cryptocurrency Fraud Report for 2023, revealing a significant surge in losses due […]
Forbes to roll out new blockchain-powered loyalty platform
Key Takeaways The new loyalty platform by Forbes Web3 and qiibee foundation will leverage blockchain for secure, transparent rewards. Users can earn, track, and redeem diverse rewards, enhancing engagement and purchasing power. Share this article Forbes’ web3 team (Forbes Web3) is planning to roll out a blockchain-based loyalty platform in partnership with the qiibee foundation, […]
Shift Markets: A review for aspiring crypto exchange operators
Share this article Shift Markets provides solutions for businesses looking to launch their own crypto exchange, with services like market making, liquidity, derivatives tools, DeFi access, and crypto payments. These services are integrated within their white-label exchange technology and crypto-as-a-service model, providing a customizable platform that helps businesses launch their own exchange in weeks.Since 2009, […]
Ether.fi chooses Scroll as its L2 settlement layer, announces crypto-based credit card
Key Takeaways Ether.fi’s partnership with Scroll introduces gasless transactions for its credit card users. The new partnership is expected to significantly boost Scroll’s total value locked. Share this article Restaking protocol Ether.fi has chosen Scroll as its layer-2 blockchain for settlement, paving the way for the launch of its planned credit card and lending market.Scroll, […]
Binance obtains crypto license in Indonesia through local subsidiary
Key Takeaways Tokocrypto secures PFAK license from Indonesia’s Bappebti, strengthening its regulatory position. Tokocrypto’s user base grows to 4.5 million with a 138% increase in monthly average trading volume. Share this article Tokocrypto, a Binance group member, has obtained the Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). According […]
Friend.tech’s FRIEND token tanks to record low as team abandons control of smart contracts
Key Takeaways FRIEND token’s value dropped over 30% in the last 24 hours. Friend.tech transferred smart contract control to a burn address, ending platform updates. Share this article Friend.tech’s FRIEND token has reached a new all-time low, dropping over 30% to $0.059 in the past 24 hours, CoinGecko’s data shows. The drastic fall in value […]
Block Inc. surpasses Coinbase in market cap as crypto stocks see decline
Key Takeaways Block Inc. has surpassed Coinbase in market capitalization for the first time since March. Barclays adjusts its rating on Coinbase from Under Weight to Equal Weight. Share this article Block, Inc., the company behind Square and other fintech ventures, has outpaced Coinbase in market capitalization for the first time since March. This shift […]
Tether uses gold to back new synthetic dollar as gold is less volatile than Bitcoin, says Paolo Ardoino
Key Takeaways Tether’s new gold-backed digital asset aims to enhance user confidence with blockchain technology. Tether’s CEO sees the US election as pivotal for the future of the crypto industry. Share this article One of the reasons Tether has chosen gold to back its new synthetic dollar, aUSDT, is its relative stability compared to Bitcoin, […]
Thoma Bravo founder says firm permanently exits crypto post-FTX fiasco
Key Takeaways Thoma Bravo has withdrawn from crypto investments after its FTX bet fell flat. The company’s founder maintains a belief in blockchain technology. Share this article Thoma Bravo, managing approximately $160 billion in assets under management, has decided to permanently withdraw from the crypto market following its ill-fated investment in FTX, said Orlando Bravo, […]
SingularityNET, Fetch.ai, and Ocean Protocol launch FET token on Cardano
Key Takeaways The ASI Alliance has launched the FET token on Cardano to promote a decentralized AI ecosystem. Enhanced tools like a direct migration tool and an Ethereum-Cardano bridge are set to improve FET’s liquidity and accessibility. Share this article SingularityNET, Fetch.ai, and Ocean Protocol, under the Artificial Superintelligence (ASI) Alliance, have officially deployed the […]
