“Both the Pedigree brand and Pedigree Foundation have long histories of supporting animal shelters and promoting dog adoption, and this program enables people to support deserving dogs in a new way through virtual fostering,” said Jean-Paul Jansen, vice president of marketing for Mars Petcare North America, in a press release. Source
The PROOF CEO said 25 Squiggles, along with “a few other NFTs,” including an Autoglyph, were stolen from his wallet. Source
Gabriel Makhlouf said crypto has “no social value whatsoever” during a parliamentary session in Ireland on Wednesday. Source
According to local news outlet Infomax, South Korean prosecutors requested an arrest warrant on Jan. 25 for Kang Jong-Hyun, chairman and owner of cryptocurrency exchange Bithumb. Kang is wanted on allegations of embezzlement related to his activities at the exchange. The same day, the Financial Investigation 2nd Division of the Seoul Southern District Prosecutor’s Office sentenced Kang and two Bithumb executives on charges of embezzlement and breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes. The executives were also charged with conducting fraudulent illegal transactions…
The cryptocurrency community has raised flags about a new fraud targeting XRP (XRP) investors via a phoney staking scheme. Online fraudsters are mimicking big cryptocurrency organisations like Ripple and Binance by constructing phoney websites and email imposters promising to provide staking services for XRP. One of these websites has a blog post with the headline “XRP staking slated to debut January 2023 for retail customers,” in which users are invited to “stake” their XRP in exchange for returns on investment (ROI) that are implausibly high and range from 12 to…
Linda Jeng of the Crypto Council for Innovation says the U.S. needs to establish clear crypto guidelines or it may run the risk of falling behind in innovation and market influence. Source
In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a proposal to deploy $100 million of Circle’s USD Coin (USDC) in a Yearn Finance yield-generating account called a “vault.” The proposal, submitted on January 9, aims to look for a way MakerDAO could split its treasury allocations and earn yield. MakerDAO To Generate Yields From Yearn Finance Vault Following the approval of the MIP92 (Maker Improvement Proposal 92), MakerDAO plans to begin depositing $100 million…
An unknown group or individual has hacked the Twitter account behind crypto and stock trading platform Robinhood to push users to buy a ‘new’ token. Many Crypto Twitter users reported on Jan. 25 that Robinhood had posted a tweet calling on its 1.1 million followers to each pay $0.0005 for a token called ‘RBH’ on the Binance Smart Chain. Conor Grogan, the head of product business operations at Coinbase, reported at least 10 people had purchased roughly $1,000 worth of the scam token before the tweet was removed. Likely due to…
“If traders are willing to open short positions with highly negative funding rates, they must have belief the token will decline,” Christopher Newhouse, a crypto derivatives trader at crypto market maker GSR, said. “Despite the surge, this suggests shorts think the rally may have gone too far.” Source link
Equity markets began the day in the red following the latest corporate earnings reports from some of the world’s largest firms, including Microsoft. The tech giant’s recent conference call was considered disappointing, and earnings from firms such as Boeing, Texas Instruments, and 3M were also lackluster. Gold and silver prices were down between 0.43% and 0.72% on Wednesday, and the cryptocurrency economy dropped 2.79% against the U.S. dollar in the past 24 hours. Concerns of US Recession Mount as Corporate Earnings Disappoint After a couple of bullish weeks, stocks, precious…