Chinese Crypto Trader Loses $1 Million From Binance After Chrome Plugin Exploit

A Chinese crypto trader shared his experience after losing most of his savings from Binance due to a Chrome plugin exploit. The trader called out the exchange’s allegedly slow response that allowed his funds to be stolen. Related Reading: May Madness: Crypto Industry Suffers $385 Million Loss To Hackers Malicious Chrome Extension Swipes $1 Million

Bitcoin Bull Michael Saylor To Pay $40M And Settle Tax Fraud Lawsuit – Details

According to Bloomberg, Michael Saylor, the chairman of business intelligence software company MicroStrategy and a Bitcoin (BTC) bull, has agreed to pay $40 million to settle a tax fraud lawsuit.  The lawsuit, filed by the attorney general’s office in Washington, D.C., accused Saylor of evading over $25 million in income taxes despite living in Washington

Bitcoin’s Next Leap:: Billionaire Points To $500,000 Per BTC—Here’s When & How

Chamath Palihapitiya, a well-known billionaire investor, has joined the dialogue about future Bitcoin Halving events and their implications for the asset in the long term. According to the Billionaire, this notable event that occurs in the Bitcoin ecosystem every four years could propel Bitcoin’s value to as high as $500,000 in the upcoming years, and

Major Milestone: Hong Kong Regulator Approves 11 Crypto Exchanges To Operate In The City

The Hong Kong Securities and Futures Commission (SFC) has recently granted initial approval to 11 cryptocurrency exchanges to continue operating in the city.  This marks the first step towards issuing virtual asset trading platform (VATP) licenses since 2022. The move comes as Hong Kong aims to establish itself as a prominent crypto hub alongside global

Ripple CEO Delivers Harsh Criticism For Dogecoin, What’s The Problem?

The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse, has taken an unexpected swipe at Dogecoin (DOGE), the largest meme coin by market capitalization. Garlinghouse has criticized Dogecoin, claiming it lacks real utility due to its meme-based nature.  “Dogecoin Has Not Been Good For The Industry” At the Consensus 2024 Conference, one of the world’s

Binance Announces Major Changes To Stablecoin Access In Europe From June 30

Binance, one of the world’s leading cryptocurrency exchanges, has recently announced significant changes to its stablecoin regulations in Europe.  Starting from the end of June, Binance will begin restricting access to “unauthorized” stablecoins in compliance with the new MiCA stablecoin rules across the European Economic Area (EEA).  Binance Adapts To New Stablecoin Regulations Under the

Dogecoin Creator Drops Bomb: Crypto Market A Playground For Posers

The dazzling world of cryptocurrency has come under fire from within, with prominent figures calling the current market a breeding ground for speculation and potential manipulation. The finger-pointing comes amidst a surge in popularity of meme coins – cryptocurrencies inspired by internet jokes and pop culture – raising questions about the market’s focus on fundamentals

Shiba Inu Begins New Week On A Negative Note As Burn Rate Crashes 97% With Only Two Transactions

The Shiba Inu (SHIB) burn rate has significantly declined to begin the new week. The drop in the number of Shiba Inu tokens burned continues to be an issue for the meme coin’s ecosystem, and certain factors contribute to this decline.  SHIB’s Burn Rate Declines By 97% Data from the burn tracking website Shibburn shows

Australia’s First Spot Bitcoin ETF Debuts Tomorrow: What You Need To Know

Australia is set to make an entry into the crypto investment landscape with the launch of its first spot Bitcoin exchange-traded fund (ETF) tomorrow. Monochrome Asset Management’s Bitcoin ETF (IBTC) will begin trading on the Cboe Australia exchange on June 4th, pending any last-minute delays. This development marks Australia’s alignment with global trends following the

September Surprise? Bitcoin Could Hit $150,000 If History Repeats – Veteran Trader

Crypto investors are eagerly awaiting the next chapter in Bitcoin’s story, and this veteran trader just offered a potential plot twist. Related Reading: Crypto Crime Busters: China, UAE Vow To Combat Telecom Fraud And Online Gambling In his analysis, Peter Brandt suggests Bitcoin could gallop towards a record-breaking peak of $130,000 to $150,000 by late

Hack Forces Linea To Halt Block Production Temporarily, Here’s What To Know

In a noteworthy development for the blockchain community, Consensys’ Linea Layer 2 blockchain has temporarily suspended block production following a recent security compromise that led to the exploitation of funds worth millions of dollars. The purpose of this swift move was to prevent any potential exploitation of user assets and to preserve the network’s integrity.

Cardano Tech Lead Packs The Entire Bitcoin Blockchain Into One Block

The Technical Director at the Cardano Foundation, Matthias Benkort (also known as @KtorZ), has successfully encapsulated the entire Bitcoin blockchain within a single block on the Cardano blockchain. This announcement, made via X (formerly Twitter), has sent ripples through the blockchain community, highlighting the potential for advanced data management and interoperability between blockchains. A Breakthrough

Crypto Crime Busters: China, UAE Vow To Combat Telecom Fraud And Online Gambling

In a move signaling a global shift, China and the United Arab Emirates (UAE) have forged a strategic alliance to combat cybercrime involving cryptocurrency. Related Reading: Binance Boss Behind Bars: Former CEO Starts Prison Sentence For Dirty Money Joint Effort Against Crypto Crime This partnership comes amidst a surge in crypto fraud activity in Hong

Shiba Inu Team Urges ‘Extreme Caution In These Volatile Times’, Here’s Why

The Shiba Inu team issued a stern warning against a rising tide of fraudulent activities targeting the Shibarium platform. Digarch (@Digarch) posted via X, “SHIBARMY extreme caution is advised in these volatile times,” and referred to DaVinci, a prominent member of the Shiba Inu team. He communicated his warning through a series of posts on

May Madness: Crypto Industry Suffers $385 Million Loss To Hackers

In May, the crypto community endured devastating losses to hackers, resulting in the highest loss tally recorded in 2024 to date.. According to a report from blockchain security firm Peckshield, hackers made away with $385 million in May, highlighting the sophistication of these bad actors and the consistent need for effective security measures in the

Coinbase Vs. Big Brother: Exchange Accuses SEC Of Trying To Kill Crypto

Coinbase, the leading US cryptocurrency exchange, is doubling down on its fight with the Securities and Exchange Commission (SEC), accusing the regulatory body of attempting to strangle the crypto industry through “regulation by enforcement.” Related Reading: Crypto Fraudster Gets Slammed: Ex-Banker Gets 41 Years In Prison The SEC-Coinbase Acrimony In a fiery appeal filed on

Binance Boss Behind Bars: Former CEO Starts Prison Sentence For Dirty Money

The gates of Lompoc Federal Correctional Institution clanged shut on a fallen titan this week. Changpeng Zhao, better known as “CZ” and the billionaire founder of Binance, the world’s largest cryptocurrency exchange, began a four-month prison sentence for failing to prevent money laundering on his platform. Related Reading: Changing Of The Guard? NYSE President Acknowledges

Here Are Important Shiba Inu Developments You Might Have Missed This Week

The Shiba Inu (SHIB) ecosystem had an event-filled week with several developments surrounding the meme coin. These developments again highlighted the mixed sentiment towards Shiba Inu (SHIB), with the crypto token running the risk of declining further from its current price level.  Shibarium Sees Spike In Total Value Locked Data from DeFiLlama shows that the

Number Of People Who Own Crypto Worldwide Crosses 6.8% Ahead Of Bitcoin Bull Run

A new crypto report has disclosed that the number of people who own digital assets has surpassed 6.8%. This surge in adoption comes ahead of the highly anticipated crypto bull run, with many seeing cryptocurrencies as a valuable form of investment.  Crypto Adoption Skyrocket In 2024 On May 24, digital asset service provider Triple A

Crypto Fraudster Gets Slammed: Ex-Banker Gets 41 Years In Prison

In a landmark case highlighting the perils of unchecked cryptocurrency investments, Rashawn Russell, a former investment banker, has been sentenced to 41 months in federal prison. The Eastern New York District Court handed down the sentence after Russell pleaded guilty to wire fraud and identity theft, marking a significant crackdown on digital asset fraud. Related