Two men who stole more than £5.7m worth of cryptocurrency from victims all over the world have been jailed. Jake Lee, 38, from Charlcombe in Bath and James Heppel, 42, from Staverton in Wiltshire, both pleaded guilty to three counts of conspiracy to commit fraud. The South West Regional Organised Crime Unit (SWROCU) identified 55
Zambesigold has put forth a new crypto token backed by physical gold reserves. It is a major development in the field of cryptocurrency that has combined precious tangible assets with digital currency. ZGD is unique as it secures its position in the asset-backed tokens through gold-backed cryptocurrency, gold holdings and the ongoing production of gold.
Phone, keys, wallet. That’s the daily routine that tens of millions if not billions — of people undergo each morning when checking their pockets or purses before they leave their homes to start the day. And with the recent news that telecommunications giant Vodafone is planning to integrate cryptocurrency wallets and blockchain-based payment solutions directly into mobile phone
Bots account for a vast majority of stablecoin transactions, recent Visa research shows. Fewer than 10% of these transactions come from genuine users, according to a new metric from Visa and Allium Labs, showing that just $149 billion of the $2.2 trillion in total transactions last month came from “organic payments activity.” The findings were flagged in a report Sunday (May 5)
French-based platform ARIA has completed its Beta period, with whitelisted users having access to the platform from May 1st The Platform will be fully available to public subscribers on May 16th London, May 06, 2024 (GLOBE NEWSWIRE) — ARIA, an algorithmic rating and investment analysis platform for cryptocurrency, has today announced the launch of its
Cryptocurrency startups are reportedly engaging in aggressive fundraising as the digital asset space recovers. As Bloomberg News reported Saturday (May 4), this approach entails an open-ended form of fundraising that keeps money flowing and fast-tracks valuations. It’s the opposite of the standard venture capital strategy of low-key rounds spaced out over years. “When a deal
A cryptocurrency investor has fallen victim to an address poisoning attack, resulting in a staggering loss of $70 million worth of Wrapped Bitcoin (WBTC). The incident, which unfolded over the course of around six hours, has sent shockwaves through the cryptocurrency community. According to a post by Lookonchain on the X, the unfortunate investor created
The cryptocurrency market has faced a significant correction in the last few days, with Bitcoin (BTC) falling below $58,000. Moreover, the global crypto market cap has dropped to $2.28 trillion. The latest correction is likely due to US authorities sentencing Binance chief Changpeng Zhao to four months in prison after he pleaded guilty to money
(Bloomberg) — Coinbase Global Inc. Chief Financial Officer Alesia Haas defended the crypto exchange’s rising expenses and the volatility of the digital asset industry after the company’s stock fell despite reporting better-than-expected first quarter results. “When we see high volumes, which we saw a sharp tick-up in volumes in March, we tend to then have
Coinbase, the largest U.S.-based cryptocurrency exchange, is ultimately a crypto story. And like all crypto stories, it has its downs — and its wild ups. Coinbase reported earnings per share of $4.40 Thursday (May 2), compared to Wall Street expectations of $1.28, representing a 244.83% beat. The crypto platform beat Wall Street revenue estimates as well, by a comparatively more modest 19.74%.