Day: March 27, 2023

European DeFi startups saw 120% increase in VC investment in 2022: Data

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2022 was a turbulent year for the crypto space, to say the least; from an ongoing bear market and crash for LUNA to the downfall of FTX one of the industry’s most prominent players. Despite the setbacks, VC investors continued to show support for crypto startups. According to a new study released by European investment firmRockawayX, VC investment in crypto startups based in Europe reached its all-time high in 2022 with $5.7 billion invested European DeFi startups hit $1.2 billion in 2022, which is a 120% increase from the previous…

Will BTC ditch the bear market? 5 things to know in Bitcoin this week

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Bitcoin (BTC) enters the last week of March in uncertain territory as a strong weekly close still keeps $30,000 out of reach. The largest cryptocurrency has sealed seven days of practically flat performance despite some volatility in between as the market seeks fresh direction. Where could it go next? In what was a week of more surprises from the macro economy, BTC/USD spent much time reacting to decisions from the United States Federal Reserve and associated commentary. Next up, however, is a period of relative calm, followed by a key…

How to buy NFTs without owning crypto

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Nonfungible tokens (NFTs) have become a popular way for creators to sell digital art and other unique items. Yet because they do not own cryptocurrencies, many people are afraid to invest in NFTs. So, can you buy NFTs without owning crypto?  The good news is that one can purchase NFTs without owning any cryptocurrency. For instance, users can buy NFTs with dollars, credit cards or through a friend. This article will look at a number of ways to buy NFTs with fiat money and other methods. Buying NFTs with a…

Terra co-founder in S.Korean crosshairs following Do Kwon arrest

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Following Terraform Labs’ co-founder Do Kwon’s arrest in Montenegro while trying to board a plane using fake documents, South Korean authorities have turned up efforts to track down and arrest Shin Hyun-Seong, also known as Daniel Shin — Terra’s other co-founder. Since November 2022, South Korean authorities have suspected the involvement of numerous Terra colleagues in helping Do Kwon promote unstable and uncertain investment opportunities with Terra (LUNA) and TerraUSD (UST) tokens. Translation from Montenegro Minister of Interior Filip Adzic – “ONE OF THE WORLD’S MOST WANTED FUGITIVES WAS ARRESTED IN…

Titanium Blockchain CEO Gets 4 Years Jail Time For BARs ICO Fraud

Titanium Blockchain chief executive Michael Stollery has been handed a four-year prison sentence for his involvement in a 2018 initial coin offering scandal that left investors $21 million out of pocket.  Stollery, who founded Titanium Blockchain Infrastructure Services (TBIS), was a central figure in what the U.S. Department of Justice has called a “cryptocurrency fraud scheme.” The scheme revolved around an ICO for TBIS that took place between late 2017 and early 2018, and the Titanium Blockchain big boss was instrumental in its orchestration.  The case is just the latest…

Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager – Featured Bitcoin News

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The number of irretrievably lost bitcoins has now reached 6 million, which leaves 13.3 million as coins that remain in circulation, Timothy Peterson of Cane Island Alternative Advisors has said. Peterson added that out of the 1.7 million bitcoins that will be mined in the next 100 years or more, one million coins will be lost in the same period. One Million Lost Bitcoins According to Timothy Peterson, an author and manager of Cane Island Alternative Advisors, the number of irretrievably lost bitcoins has now reached 6 million. In his…

Hong Kong crypto firms seeing interest from Chinese banks: Report

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Crypto firms setting up in Hong Kong ahead of a new licensing regime for crypto exchanges in June have reportedly found some unexpected allies in the region — Chinese state-owned banks. According to a March 27 report from Bloomberg, Chinese banks including Shanghai Pudong Development Bank, the Bank of Communications Co., and Bank of China Ltd. have either started offering banking services to crypto firms in Hong Kong or made inquiries with crypto firms, according to “people with knowledge of the matter.” One source claims that a Chinese bank sales representative even…

$4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

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Optimism-based lending protocol Kokomo Finance has been suspected of a $4 million “exit scam” that has seen user funds plucked out from the platform via a smart contract loophole. Blockchain security firm CertiK alerted its followers to the “exit scam” in a March 26 Twitter post, noting that the Kokomo Finance (KOKO) token has plummeted 95% in value in a matter of minutes. CertiK also noted that Kokomo Finance removed all social media accounts immediately following the alleged rug pull too. Kokomo Finance has either deactivated or deleted its Twitter…