Binance CEO Changpeng Zhao has alerted the crypto community against a ‘massive’ SMS phishing scam targeting Binance customers. On Friday, CZ tweeted alerting users of a phishing scam campaign directed at Binance users through SMS. There is a massive Phishing scam via SMS with a link to cancel withdrawals. It leads to a phishing website…
Read more
The Central Bank of Jordan (CBJ) has revealed that it is researching the issuance of a digital currency. The central bank digital currency (CBDC) would be linked to the Jordanian dinar and have legal standing. Adel Al Sharkas, the governor of CBJ, has reportedly stated that his institution is researching the option of creating a…
Read more
Thailand has decided to suspend the implementation of its 15% cryptocurrency capital gains tax for now. The proposal, which was presented earlier this year, triggered a lot of opposition, but it appears that some sort of crypto tax will still be implemented. Thailand will reportedly not proceed with its 15% cryptocurrency tax plan after traders…
Read more
The cryptocurrency industry is eager to comply with the Financial Action Task Force’s (FATF) so-called Travel Rule, and appears willing to work with regulators in order to expedite the process, a new survey found. As per a survey conducted by Notabene, a crypto compliance firm based in New York, most of the crypto industry will…
Read more
Turkish President Recep Tayyip Erdoğan and ruling Ak Party officials met earlier this week to discuss the metaverse, with the president calling for comprehensive research on the subject. Erdoğan has reportedly urged the Ak Party to study the metaverse, cryptocurrencies, and how transactions are made using them, according to a Daily Sabah report. At a…
Read more
Another major player in the cryptocurrency world is forecasting a dismal year for Bitcoin (BTC) in 2022. Following the United States Federal Reserve’s and other central banks’ tightening of liquidity measures, Huobi Research believes that BTC will enter a bear market. On the brighter side, decentralized finance (DeFi) will continue to expand and adapt, with…
Read more
A16z, a VC company with investments in Protocol Labs, Polychain Capital and Opensea among others, is now planning to raise $4.5 billion for its latest fund, which is focused solely on cryptocurrencies, according to a report by U.K newspaper Financial Times. Last week, Andreessen Horowitz’ venture capital firm reportedly said it would raise $3.5 billion…
Read more
Despite a 40% drop in the value of Bitcoin (BTC), MicroStrategy’s Michael Saylor has no intention of selling his firm’s $5 billion stash. Even if BTC suffers a lengthy bear market, Saylor told Bloomberg that he is a “Bitcoin bull,” and he does not intend to alter MicroStrategy’s multibillion-dollar BTC acquisition plan. He took a…
Read more
BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round. Institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., led the round. Since its inception in 2018, the firm has received a total of…
Read more
The Crypto.com security breach saga gets clarity with an official statement from the Singapore-based crypto exchange following a halt on withdrawals after detecting “suspicious activities” in user accounts. In a statement on Thursday, Crypto.com revealed that “4,836.26 ETH, 443.93 BTC and approximately US$66,200 in other currencies” had been taken from clients’ accounts without their permission. The overall…
Read more