What happens when they don’t pay? Our work to tackle unlawful marketing calls and messages

Andy Curry is the ICO’s Head of Investigations. Anyone can be on the receiving end of nuisance marketing calls, texts and emails – not only are they inconvenient and an invasion of privacy, they can also cause real distress. Nobody should be made to feel uncomfortable after simply answering the phone, receiving a text or opening their emails. We know the harm they can do. That’s why we’re committed to protecting both people and businesses by taking robust action to stop companies from making or sending unlawful marketing communications. Through…

DigiToads, Bitcoin Lightning Network adoption rising

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The adoption of cryptocurrencies in the global financial landscape has increased over the years. Investors and businesses use crypto assets for everyday transactions, including in payment. They can also be investments and in expanding investment portfolios. Amid this, DigiToads and the Bitcoin Lightning Network share a fundamental similarity: rising adoption. DigiToads is a project whose presale is ongoing and successful due to its technology and features. TOADS, the project’s native token, can allow investors to earn passive income…

Long-term bitcoin indicators suggest a slow but steady rise ahead

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Data provided by CryptoQuant and Glassnode shows that long-term bitcoin (BTC) investors may drive prices even higher in the coming days or weeks. According to the market analytics platform CryptoQuant, 1,000 to 10,000 BTC unspent transaction output (UTXO) Value Bands have been gradually rising since December 2022. Expanding bitcoin’s UTXO value along with firm prices might suggest that 2022 was a long-term bottom. A UTXO is the leftover of a crypto transaction that outlines the behavior…

Binance integrates The Bitcoin Lightning Network

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance, a cryptocurrency trading platform, has successfully integrated the Bitcoin Lightning Network. Users can now make bitcoin deposits and withdrawals.  The announcement comes a little under a month after the exchange revealed its intentions to incorporate the Bit Lightning Network. Binance customers can utilize the layer-2 scaling solution for bitcoin deposits and withdrawals. The exchange verified the progress in a blog post on July 17. The BNB Smart Chain (BEP20), Bitcoin, the BNB Beacon Chain (BEP2), Bitcoin Core…

National Australia Bank joins crypto exchange boycott, cites ‘scams’

Another “Big Four” bank in Australia has said it will put blocks on certain cryptocurrency platforms, citing high levels of scams risk in the industry. National Australia Bank (NAB) on July 17 officially announced a set of new measures to protect customers from fraud as part of its “bank-wide scam strategy.” Alongside halting “millions in payments” between March and July 2023, NAB will also introduce blocks on “some cryptocurrency platforms” in order to help protect customers from scams. NAB did not specify the names of cryptocurrency exchanges that are expected…

Crypto Traders Take Heavy Bearish Bets on BNB

A short squeeze is a rapid move higher driven by bears abandoning their bearish bets. For a short squeeze to occur, the market needs to have a higher-than-usual bearish activity, as is the case in BNB perpetual futures. In such situations, a minor price bump can send bears or short sellers running to square off their positions, which, in turn, drives prices further up. Source bearishBetsBNBCryptoheavyTraders CryptoX Portal

AnubisDAO’s 13.5K ETH rug pull money washes away on Tornado Cash

Nearly two years after the dog-inspired decentralized finance (DeFi) project — AnubisDAO — was rug-pulled for almost $60 million in Ether (ETH), the stolen funds were siphoned away using Tornado Cash. In October 2021, AnubisDAO raised 13,556 ETH from crypto investors owing to the predated Dogecoin (DOGE) trend. However, roughly 20 hours into the investment, the funds were sent to a different address — resulting in an instant loss for the investors. Between July 15 and 16, the illicit funds were moved via Tornado Cash, a decentralized protocol that allows…