The post Hong Kong Police Arrest 458 for $60M in Money Laundering, $15M Via Crypto! appeared first on Coinpedia Fintech News Hong Kong authorities have arrested 458 individuals in connection with a massive money laundering scheme worth over $60 million, $15 million of which was reportedly scammed using cryptocurrencies. According to the police, the suspects […]

The post BlackRock Emerges as 2nd Major Investor in Bitcoin Mining Companies! appeared first on Coinpedia Fintech News BlackRock, the world’s biggest asset manager, has become the second-largest shareholder in four top Bitcoin mining firms via filings with the SEC. BlackRock has been gradually increasing its exposure to cryptocurrency holdings recently, with this move seen […]

The post Fenix International Invests in Ethereum as Crypto Interest Grows! appeared first on Coinpedia Fintech News OnlyFans parent company, Fenix International, has purchased Ethereum tokens worth $19.889million. The investment follows the company’s plans to diversify its revenue streams and expand its business operations. OnlyFans’ move to invest in Ethereum is considered a strategic move […]

The post FTX Suspends Accounts of Users Affected by Kroll Cyber Breach! appeared first on Coinpedia Fintech News Crypto exchange FTX has temporarily suspended the accounts of users impacted by the recent Kroll cybersecurity breach. The move was announced on X (formerly Twitter) as a proactive measure to prevent further incidents or harm. FTX has […]

Kronos Research, a top cryptocurrency trading team, suffered a $1.4 million loss in 2020 due to malicious code alteration by disgruntled engineers Chen and Xu, who conspired to embed errors, leading to a fine and 10-month sentence. (Read More)

According to Coinbase’s post on August 22, the cryptocurrency exchange and the issuer of USDC Circle have reached a strategic agreement to “unlock additional utilities and grow the USDC ecosystem.” Coinbase reportedly invested in Circle Internet Financial, the firm behind the second-largest stablecoin. While the exact value of the deal remains undisclosed, this partnership promises […]

Binance.US, the American subsidiary of Binance, announced on August 23 its new USD on-ramp launch in partnership with financial technology firm MoonPay. This strategic move will enable local customers to conveniently deposit and withdraw USD. To wit, “As Binance.US completes its transition to a crypto-only exchange, we’ve replaced USD with USDT, a stablecoin pegged to […]

Ethereum staking will no longer be valid for Bitstamp US customers starting in September. It’s becoming more difficult for exchanges to offer staking services to American investors Bitstamp to Stop Ethereum Staking Bitstamp, one of the world’s most established cryptocurrency exchanges, announced it would halt Ethereum staking on the exchange. The service will officially be […]

ARK Invest and 21Shares have been the latest prominent players to apply for an Ethereum futures exchange-traded fund (ETF). The application was co-filed with the U.S. Securities and Exchange Commission on August 24, 2023. Will high-profile applicants tip the scales for an Ethereum ETF? The two products are called ARKZ and ARKY. According to the […]

The use of non-fungible tokens (NFTs) when launching Web3 games as well as developers’ emergence as experts at community management are some of the promising trends in blockchain gaming that can accelerate mass adoption, Ken Timsit, the managing director (MD) at Cronos Labs, has said. Timsit also pointed to the growing role of artificial intelligence […]