Author: Sahil Thakur
-
Bank of Russia could legalize crypto for investors
The Bank of Russia is advancing plans to test cross-border crypto transactions for qualified investors. The central bank is considering legal amendments to create a new category of “particularly qualified investors,” allowing these individuals to trade digital currencies as Russia explores the use of cryptocurrencies for international trade. These developments follow an interview with Alexey…
-
Telegram founder Pavel Durov reportedly arrested in France; $TON falls 14%
Telegram founder and CEO Pavel Durov has reportedly been arrested in France after getting off his private jet. The main reason for the arrest is being reported as his non-compliance to moderate content on his messaging platform. The charges include terrorism, money laundering, and more. There are reports of upto 20 years in prison for…
-
Argentina to include Ethereum and solidity in high school education?
According to a post and report by Bankless on X, Argentina is set to include Ethereum and Solidity in high school education. The change is set to be put into actions in multiple schools across Buenos Aires city. This initiative is organized by the ETH Kipu Foundation in collaboration with Ministry of Education of the…
-
Binance founder ‘CZ’ Zhao moved from prison to halfway house.
Former Binance CEO Changpeng Zhao (CZ) has been transferred from FCI Lompoc II prison to the RRM Long Beach halfway house in California. This move led to confusion among X (formerly Twitter) users, who mistakenly believed CZ had been released early. However, he is still serving his sentence. The RRM Long Beach facility is a…
-
McDonald’s insta page hacked to rug pull $700k on Solana memecoin
McDonald’s Instagram profile was hacked, leading to the promotion of a scam memecoin called GRIMACE on the Solana blockchain which had a rug pull later. The memecoin quickly amassed a $25 million market cap within two hours before it was rug-pulled, losing over 95% of its value. The scammers, identifying themselves as “India_X_Kr3w,” claimed to…
-
Cardano Crashes Out of Top 10: What went wrong?
Its finally happened on 20th August 2024 – Cardano ( $ADA ) is no longer a top 10 crypto project by Market Cap. A project which was well on its way to cement its #3 position back in the 2021 bull run has now a market cap of $12.6B while the project which surpassed it,…
-
New lawsuit against against CZ and Binance for laundering of stolen crypto.
Binance and its former CEO, Changpeng Zhao (CZ), are facing a new class action lawsuit from three crypto investors. The plaintiffs claim they couldn’t recover their stolen assets due to Binance’s alleged failure to prevent money laundering. The plaintiffs further allege that Binance played a crucial role in the money laundering process, violating the Racketeer…
-
Apple pay and Google pay now on Bitget
Bitget has integrated Apple Pay for iOS users and Google Pay for Android users into its platform. This move aims to simplify the conversion of fiat into crypto, making transactions quicker and more seamless compared to traditional methods like cards or bank transfers. Gracy Chen, CEO of Bitget, highlighted the significance of offering popular payment…
-
China unbanning crypto rumors flamed by Justin Sun
A single tweet on X by Justin Sun on 18th August has flamed the rumors of China unbanning crypto. This comes after Galaxy Digital CEO Mike Novogratz mentioned in a tweet on 14th July that he had been hearing reports of China unbanning Bitcoin in late 2024. “If this is true, and it’s the second…
-
Dormant whale wallet moves 174 Bitcoin
A dormant whale Bitcoin wallet that had been inactive since 2014 suddenly became active, moving over 174 bitcoins valued at more than $102 million. Blockchain data reveals that this wallet, which received 174.88 BTC on January 8, 2014, transferred funds for the first time on August 16, 2024. According to blockchain explorer Blockchair, the wallet’s…