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Daily Crypto News | July 8th, 2022

1. KeyFi CEO Accuses Celsius Of Ponzi Scheme Jason Stone, a DeFi entrepreneur and the CEO of KeyFi, Inc., one of the people behind yield farming account 0xb1, is suing cryptocurrency loan company Celsius for allegedly failing to uphold its contract. Stone is asking for unspecified damages that Continue Reading
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Daily Crypto News | July 7, 2022

1. Bank Of England Enhancing Crypto Regulatory and Law Enforcement Frameworks The “extreme volatility” in cryptocurrency prices in recent months highlights weaknesses in the market, according to the Financial Policy Committee of the Bank of England (BOE), the British central bank, Bloomberg reported. The Bank of England emphasized the need for stricter law Continue Reading
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Daily Crypto News | July 6th, 2022

1. 1 Billion Chinese Citizens Had Their Personal Data Leaked A billion Chinese residents’ worth of data, totaling roughly 23 terabytes, have allegedly been taken from a Shanghai police database by an unidentified hacker. If confirmed, this would be one of the greatest data breaches in history, according to experts. The data can be purchased […]Continue Reading
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Daily Crypto News | July 5th, 2022

1. British Army’s Social Media Hacked To Promote Crypto Scams On Sunday, the British Army announced that its official Twitter and YouTube accounts had been taken over. Before Twitter took them down, a series of posts advocating non-fungible token (NFT) frauds were retweeted by the army’s verified Twitter account, which has about 363K followers. The […]Continue Reading
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Daily Crypto News | July 4th, 2022

1. Indian Central Bank RBI Considers Cryptocurrencies A Threat The 25th edition of the Reserve Bank of India’s Financial Stability Report (FSR) was published on Thursday. Governor of the RBI Shaktikanta Das wrote: “Cryptocurrencies are a clear danger. Anything that derives value based on make believe, without any underlying, is just speculation under a Continue Reading
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Daily Crypto News | July 3rd, 2022

1. Coinbase Announces Its European Expansion Amid The Gloomy Market Just last month, Coinbase revealed it would lay off 1,100 workers, or 18% of its workforce, in anticipation of a “extended” crypto winter. The business has received criticism for withdrawing numerous job offers that it had pledged not to do so. (Coinbase eventually established a […]Continue Reading
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Daily Crypto News | July 2nd, 2022

1. Three Arrows Capital Finally Faces Bankruptcy According to Bloomberg, the cryptocurrency investment business Three Arrows Capital, popularly known as 3AC, filed for Chapter 15 bankruptcy on Friday. Although not shocking, the revelation marks the dishonorable demise of the illustrious, ten-year-old company that, according to blockchain analytics platform Nansen, managed Continue Reading
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Daily Crypto News | July 1st, 2022

1. CFTC Files Lawsuit Against $1.7B Multilevel Marketing Schemers Cornelius Johannes Steynberg and Mirror Trading International Proprietary Limited (MTI) have been sued by the Commodity Futures Trading Commission for alleged registration and fraud violations. Steynberg is charged with participating in a multilevel marketing (MLM) scam that operated internationally and Continue Reading
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Daily Crypto News | June 30th, 2022

1. North Korean Attackers Suspected To Be Behind Harmony’s $100M Hack A research published today by blockchain analytics company Elliptic claims that The Lazarus Group, a prominent cybercriminal group with ties to North Korea, was involved in the way the funds were stolen and later laundered. The $622 million hack of a cross-chain bridge used […]Continue Reading
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Daily Crypto News | June 29th, 2022

1. Bitcoin Hardware Miner Compass Mining Announced CEO And CFO’s Resignations As of today, Whitney “Whit” Gibbs, the chief executive officer and co-founder of bitcoin hardware mining business Compass Mining, and Jodie Fisher, the chief financial officer, have resigned.┬áThe resignations occur soon after claims that Compass Mining neglected to make utility Continue Reading