Three former servicemen in India have lodged a complaint with the Chandannagar police, Pune, accusing eight officials from a trading firm of defrauding them of over Rs. 79.81 lakh (approximately $96,000) through a cryptocurrency scam since 2022. The ex-servicemen had invested their retirement savings in cryptocurrency, lured by promises of doubling their investment within 20 […] Source
“By integrating our wallet infrastructure, Binance.US is ensuring its custody operations are rock solid and fully aligned with what regulators are asking for,” Shaulov told CoinDesk in an email. “With Fireblocks, they can scale up staking operations securely and efficiently, giving users a smoother experience while staking their tokens and earning rewards.” Source
Bitwise CIO Matt Hougan says that investment advisors are adopting Bitcoin (BTC) exchange-traded funds (ETFs) at a faster rate than any other ETFs in history. Hougan responds to a post on the social media platform X by macro strategist Jim Bianco claiming that investment advisors’ adoption of the Bitcoin ETFs is “small.” According to Hougan, Bianco is not correct. “Jim is wrong here: investment advisors are adopting Bitcoin ETFs faster than any new ETF in history. Let’s look at his own data, focused on IBIT, the BlackRock ETF. Per his…
Indodax is a centralized cryptocurrency exchange established in 2014 and targets the local Indonesian market. It traded over $11 million worth of cryptocurrencies in the past 24 hours, CoinGecko data shows, and offers all tokens against the Indonesian rupiah, which is worth 15,409 IDR per U.S. dollar as of Tuesday. Source
The team behind Hamster Kombat, one of the most successful Telegram-based games, has released information on the exchanges that are confirmed to list its token after the upcoming airdrop. The team has announced that HMSTER will be available on Bybit, Bitfinex, and Okx, but has not given word on a possible Binance listing yet. Hamster […] Source
Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 Understanding APAC Markets: Partnerships, Culture, Retention | FMPS:24 In financial services, achieving global success requires a deep understanding of local markets. In this hands-on, country-specific session, top experts from the Asian Pacific region will explore what drives traders in this diverse market. The discussion will cover strategies for retaining local…
Losses from cryptocurrency scams in 2023 surged by 45% compared to the previous year, according to a recent report from the FBI. The total losses amounted to more than $5.6 billion, driven by scammers who exploited the speed and irreversibility of digital asset transactions. With the rise in popularity of cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as the emergence of exchange-traded funds (ETFs) tracking their prices, the growth of the crypto market has attracted both legitimate investors and malicious actors. Why Cryptocurrency Scams Are on the Rise…
A group of Coinbase shareholders sued the exchange in 2022, alleging the exchange “made materially false and misleading statements” about its operations and risk of regulatory action. United States District Judge Brian Martinotti, of the District of New Jersey, ruled Thursday that while the plaintiffs had a plausible case that Coinbase acted “negligently” when it came to regulatory action (the SEC did, in fact, sue Coinbase), they did not bring a plausible case for most of the allegations. Source
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The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of a legislative package to legalize digital currencies, allowing exchange trading under the oversight of the […] Source