Estonian Nationals Face Charges in Landmark $575 Million Crypto Mining Fraud Case
Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, both 39, are currently on trial in the United States, facing charges for orchestrating a colossal $575 million cryptocurrency mining fraud scheme. The trial, which commenced recently following their extradition from Estonia, has captured the attention of …
Mastercard Launches “Crypto Credential” To Replace Wallet Addresses With Usernames
Global payments giant Mastercard has gone live with a service designed to make peer-to-peer crypto payments simpler and more secure in a number of European and Latin American nations. The “Crypto Credential” service will give users a Mastercard alias (basically a simple username) to send …
The meme coin market is known for its volatility, but one player is currently standing out from the crowd. Popularly known as PEPE, PepeCoin has seen a significant uptick in daily active addresses, more than doubling its figures in recent weeks. According to blockchain …
In a shocking turn of events, the cryptocurrency community witnessed a dramatic exploit that targeted the popular meme coin known as Normie ($NORMIE). The token, which had been on a remarkable growth trajectory, saw its market capitalization wiped out from a staggering $40 million to …
Phantom Wallet, the cryptocurrency wallet initially designed for the Solana blockchain, has soared to new heights, surpassing the long-reigning social media titan, Facebook, in the Google Play Store’s US rankings. Originally catering to Solana (SOL) token users, Phantom Wallet has strategically expanded its horizons. It …
The Abu Dhabi Agriculture and Food Safety Authority has just announced a ban on cryptocurrency mining on farms. This measure was taken as a response to the misuse of farmland for activities unrelated to agriculture, with the government imposing fines of up to 10,000 UAE …
We are witnessing a move that could potentially reshape the landscape of blockchain technology on a larger scale. nChain, a prominent player in the Web3 and blockchain sectors, has announced the creation of the ‘Universal Blockchain Asset.’ This announcement was made during the London Blockchain …
In a startling turn, the blockchain-based gaming platform Gala Games fell victim to a significant security breach, leading to the unauthorized minting of 5 billion GALA tokens, cumulatively valued at over $200 million. This incident, which unfolded on May 20, 2024, exposed the fragility of …
Robinhood Crypto has announced the launch of Solana staking services, offering a competitive annual percentage yield (APY) of 5%. This strategic decision caters to the growing demand for the SOL token among the platform’s EU user base. The 5% APY is a slight step down …
In a decisive move to safeguard national security, US President Joe Biden has mandated the relocation of property owned by a Chinese-backed cryptocurrency mining firm, MineOne Partners, situated perilously close to a strategic nuclear missile facility. The President’s directive comes amid escalating concerns over potential …