GS Partners, a European-based entity involved in multiple cryptocurrency investment schemes, has agreed to refund all funds to investors in a settlement with five U.S. states. The agreement will see the firm pay back 100% of investor deposits in exchange for the dismissal of all civil claims and ongoing investigations. Investors Will Get Full Refunds…
A cryptocurrency whale has recently invested more than $4.5 million into the popular smart contract platform Solana ($SOL), continuing their accumulation of more than 200,000 tokens since early February. According to data from on-chain analysis service Lookonchain, the cryptocurrency whale bought 34,807 SOL tokens worth around $4.5 million recently, but since February has accumulated nearly…
Standard Chartered has officially launched its digital asset custody service in the UAE, according to an announcement from the bank. The service has been licensed by the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC), following a memorandum of understanding signed in May 2023. JUST IN: $800 billion Standard Chartered bank launches…
Bitcoin analysts are eying an October breakout, despite the current market slump, partly caused by continuous negative outflows from the US Bitcoin ETFs. Bitcoin is set for a breakout in October, according to analysts who are eying one last major correction ahead of the parabolic phase of the bull cycle. Based on technical chart formations,…
The cryptocurrency landscape is seeing remarkable growth in several contenders poised to challenge Cardano. Shiba Inu Coin (SHIB), Polygon (POL), Sui (SUI), and Floki (FLOKI) stand out with unique features. Their recent expansions hint at the potential to turn a $1 investment into $100 by September. Cardano Rivals Shiba Inu Coin (SHIB) Shiba Inu Coin…
Tokyo Electric Power Company (TEPCO), Japan’s largest electricity provider, has entered the Bitcoin mining sector through its subsidiary Agile Energy X. The company is using excess renewable energy to power its mining operations, showcasing how surplus energy can support the growth of Bitcoin while encouraging green energy use. TEPCO Utilizes Excess Renewable Energy for Bitcoin…
The rise of cryptocurrency has produced an increasing number of millionaires, with Bitcoin (BTC) and Ethereum (ETH) leading the way. According to the Crypto Wealth Report 2024 from Henley & Partners, there are now 172,300 crypto millionaires globally—a 95% increase from the previous year. These individuals hold key cryptocurrencies, particularly Bitcoin and Ethereum, which have…
As Donald Trump eyes a potential return to the White House, his involvement in a new cryptocurrency venture called World Liberty Financial (WLFI) is raising eyebrows. Promoted as a decentralized finance platform, WLFI claims to “put the power of finance back in the hands of the people.” However, critics suggest that the Trump crypto venture…
TRON, Tether, and TRM Labs launch T3 FCU to combat illicit USDT transactions. T3 FCU has frozen $12M in fraudulent USDT and identified 11 suspects. Despite Circle halting USDC minting, TRON minted $19B in USDT this year. TRON, stablecoin issuer Tether, and blockchain forensic firm TRM Labs have announced a groundbreaking partnership aimed at combating…
According to a new report from the FBI’s IC3, crypto investors lost nearly US$6 billion in 2023. Investment fraud is the predominant type of crime, accounting for over 80% of the total losses. Human trafficking is also part of crypto scams, as criminals use victims to carry out scam operations on their behalf. Crypto investors…