Blockchain data indicates the reappearance of the elusive mega whale from 2010, who expended 2,000 BTC valued at $138 million on May 22, 2024. The large transfer marks the fourth occurrence of this whale this year, with a cumulative expenditure of 7,000 BTC worth over $486 million. Blockchain Parser Data Reveals 2010 Whale’s Bitcoin Transfers…
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Some of the biggest tech firms and crypto exchanges have partnered to launch a ‘Tech Against Scams’ alliance, aiming to tackle the growing online fraud and financial schemes. Meta, Coinbase, Ripple, Kraken, Gemini, Match Group and the Global Anti-Scam Organization (GASO) are among the alliance members. The cross-industry coalition would pool insights and expertise from…
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A state appeals court ruled Wednesday that Florida regulators acted improperly when they blocked Binance from operating in the state. The decision effectively means Binance can now resume operations there. In a unanimous decision on May 22, the First District Court of Appeals threw out the emergency suspension order that Florida financial regulators issued. It…
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South Korean police officers have arrested 28 people they suspected of orchestrating a crypto investment fraud ring. Per Jose Geumyoong Shinmun and the broadcaster KBC, a raid was conducted by the Gwangju Metropolitan Police Agency’s Cyber Crime Investigation Unit. South Korean Police Arrest ‘Bogus Exchange Ringleaders’ Police spokespeople confirmed they had detained six of the…
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The Japanese e-commerce giant Mercari has taken another step into the crypto sphere by launching Ethereum (ETH) trading services on its app. The Japanese media outlet CoinPost reported that the firm unveiled the service for Mercari users on May 21. Ethereum Nod for Japanese E-commerce Giant Mercari Mercari says it is Japan’s “biggest marketplace.” It…
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Bitcoin Price Prediction Federal Reserve officials expressed growing concern about inflation during their most recent meeting, with many members hesitant to move forward with interest rate reductions. Since the FOMC decided to keep the short-term borrowing rate in the 5.25%-5.5% range, a 23-year high, it has significant implications for the economy, as well as the…
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Hong Kong police have arrested 100 individuals in a significant crackdown on fraud and money-laundering syndicates, recovering over HK$180 million (US$24.2 million) from 295 victims. In a two-week operation code-named “Widepeak,” which concluded on Monday, 75 men and 25 women were detained on suspicion of money laundering and obtaining property by deception. Cryptocurrency Scam Amongst…
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In 2010, programmer Laszlo Hanyecz made history by trading 10,000 bitcoins for two pizzas, marking the first documented commercial transaction using the cryptocurrency. Fourteen years later, Binance, the world’s largest cryptocurrency exchange, is commemorating this milestone with a global campaign to distribute over 5,000 pizzas to crypto traders and enthusiasts. Crypto Exchange Binance Plans to…
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Prosecutors have proposed a prison term of five to seven years for Ryan Salame, a former executive at FTX, ahead of his sentencing scheduled for May 28, 2024. This recommendation contrasts sharply with Salame’s legal team’s plea for a more lenient punishment of no more than 18 months. Clash Over Sentencing: Prosecutors Demand 5-7 Years…
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Cryptocurrency derivatives trading platform Bitget has appointed Gracy Chen as its new CEO taking over from Sandra Lou, who is moving on to pursue other business goals. Before being promoted to CEO, Chen held the position of managing director of Bitget, where she oversaw its market expansion, business strategy, and corporate development. Under her leadership,…
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