Indian police have successfully shut down a fraudulent cryptocurrency trading platform that defrauded investors of more than $90,000. The platform, which falsely presented itself as a legitimate crypto trading service, lured victims with promises of high returns. However, as the platform expanded its operations, the true nature of its scam came to light. This development…
In an era where digital assets are becoming a focal point of the financial world, State Street has taken a significant step forward by expanding its crypto custody services. Through a strategic partnership aimed at enhancing its digital asset infrastructure, the financial giant is positioning itself to meet the growing demand for secure crypto asset…
The cryptocurrency market is currently facing significant turbulence, with traders and investors anxiously watching as Bitcoin and altcoins experience sharp fluctuations. As we enter what many believe to be the final phase of market pain, an increasing number of analysts predict that the cryptocurrency market is primed for a major breakout, particularly within the altcoin…
Nigerian Government’s Recent Crypto Asset Seizure In a significant legal development, the Nigerian government recently took decisive action against cryptocurrency-related crimes, freezing $37.5 million worth of digital assets. This cryptocurrency seizure followed a court order as part of broader efforts to crack down on illegal financial activities. The global rise in cryptocurrency usage, while offering…
Dubai is once again making headlines as it continues to lead the charge in crypto salaries for global digital finance revolution. In a groundbreaking decision, the Dubai Court of First Instance has ruled that cryptocurrency can be a valid form of salary payment under employment contracts, marking a significant shift in the UAE’s approach to…
In a significant development for the cryptocurrency world, BitGo, a leading crypto custody platform, has initiated a substantial on-chain Bitcoin transaction, signaling the imminent final repayments to Mt. Gox creditors. On August 12, BitGo’s wallet, labeled “bc1q26,” transferred 33,105 Bitcoin (BTC), valued at approximately $2 billion, according to data from blockchain analytics firm Arkham Intelligence….
$650 Million Crypto Fraud Scheme Uncovered by SEC The U.S. Securities and Exchange Commission (SEC) has taken significant legal action against NovaTech Ltd., a cryptocurrency company, and its founders, Cynthia and Eddy Petion, alleging their involvement in a massive $650 million fraudulent scheme that targeted over 200,000 investors globally. This extensive operation, which reportedly spanned…
