French regulators are cracking down on crypto exchanges, and Bybit is the latest to feel the pressure. The company announced it will be shutting down its operations in France, effective August 2nd. This comes after a series of warnings and restrictions from the Autorité des Marchés Financiers (AMF), France’s financial watchdog. Restrictions Tighten Bybit is…
The 2024 US presidential race is heating up, and with it, a new wave of political betting is emerging in the crypto world. Platforms like Polymarket, Kalshi, and PredictIt are seeing a surge in bets on election outcomes, even though US regulators are trying to crack down on this activity. Polymarket: The Crypto Betting Hotspot…
The FBI is sounding the alarm about a growing trend of scammers impersonating cryptocurrency exchange employees. These scammers are getting more sophisticated, using new tactics to trick users into giving up their login details and losing their crypto. How the Scam Works These scammers typically contact victims via phone or text message, pretending to be…
JPMorgan Chase is now expecting the Federal Reserve to slash interest rates by a whopping 100 basis points in the next two months. This sudden change in forecast comes as worries about a US recession are growing stronger. The recent weak economic data, including a disappointing jobs report, has sent shockwaves through the markets. Investors…
Chainlink, the decentralized oracle network, is the busiest ERC-20 project on GitHub, according to crypto analytics firm Santiment. Chainlink’s Busy Developers Santiment says Chainlink had over 400 notable GitHub events in the last month, topping the list for June as well. This means developers are constantly working on improving the project. What Does This Mean?…
New research shows that Russian-speaking hackers are behind most of the cryptocurrency-related crimes, including ransomware attacks, darknet drug sales, and illegal crypto exchange activity. Ransomware: Russian Dominance Russian-speaking ransomware groups are responsible for a whopping 69% of all crypto proceeds from ransomware attacks in 2023, which amounts to over $500 million. Darknet Markets: Russian Monopoly…
JPMorgan Chase and Wells Fargo are refusing to reimburse most customers who fall victim to scams on the popular Zelle payment network. According to a new report from the US Senate, Chase only reimbursed 2% of reported scams in 2023, while Wells Fargo reimbursed just 4%. This is a far cry from Bank of America,…
The crypto market has been on a wild ride lately, with Bitcoin and other coins experiencing huge price swings. This volatility has led to a massive wave of liquidations in the derivatives market, wiping out over $193 million in long positions. Bitcoin’s Up and Down Day Bitcoin’s price has been a rollercoaster in the past…
A new bill in the US could make Bitcoin a key part of the country’s financial strategy. This has sparked a lot of excitement in the crypto world. A Bitcoin Boost for America Senator Cynthia Lummis, a big supporter of crypto, has introduced a bill called the “BITCOIN Act” that would allow the US government…
Dogecoin, the popular meme coin, got a surprise shoutout from Ethereum’s founder, Vitalik Buterin. This unexpected endorsement has got people in the crypto world buzzing. Buterin’s Unexpected Dogecoin Confession At the Ethereum Development Conference (EDCON) in Tokyo, Buterin, wearing a horse head mask, made a dramatic entrance. When asked about his identity, he revealed himself…
