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Binance Develops Tool to Combat Address Poisoning Scams After Million-Dollar Exploit

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Binance’s security experts have devised a countermeasure against the increasing prevalence of address poisoning scams, which manipulate investors into inadvertently sending funds to a fraudulent address. The security team at the world’s largest cryptocurrency exchange has developed an algorithm capable of detecting millions of tainted crypto addresses, as detailed in a report: “Our team has … Read more

Parliament to Consider New Cryptocurrency Regulations

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According to reports from NTV, the Turkish Grand National Assembly is set to receive a bill defining cryptocurrencies today. AK Party Group Chairman Abdullah Güler will reportedly unveil details regarding the “Proposal Law on Amendments to the Capital Markets Law” at a press conference scheduled for 15:30 in the Turkish Grand National Assembly. The news … Read more

Bitcoin ETF Adoption Soars: Over 600 Firms Now Hold Billions

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In the recent 13F filings with the United States Securities and Exchange Commission (SEC), over 600 firms have disclosed substantial investments in the spot Bitcoin ETF. The chief investment officer of cryptocurrency asset management firm Bitwise predicts that by the May 15 deadline, close to 700 professional companies will have collectively invested $5 billion in … Read more

Investors Flock to Bitcoin ETFs as BTC Price Surpasses $66,000

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Inflows into spot Bitcoin exchange-traded funds (ETFs) surged to a two-week peak as the cryptocurrency experienced a 7% surge following the release of significant US inflation data. On May 15, inflows for spot Bitcoin ETFs in the United States reached $303 million amid a notable increase in BTC prices.  This marked the highest level of … Read more

Watch Out, Wall Street: Wisconsin Leads the Charge with State Bitcoin Investment

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In a recent submission to the Securities and Exchange Commission (SEC), the State of Wisconsin Investment Board (SWIB) disclosed its investments in spot Bitcoin ETFs managed by BlackRock and Grayscale. As per SWIB’s Form 13F for Q1 2024, the pension fund, valued at $156 billion, acquired approximately $64 million worth of Grayscale’s GBTC and $99.2 … Read more

PayPal’s PYUSD Stablecoin Now Accepted by BVNK for Crypto Payments

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BVNK, a provider of payment infrastructure, has announced the incorporation of the PayPal USD (PYUSD) stablecoin, issued by Paxos Trust Company, into its payment system. This integration enables businesses to utilize PYUSD on BVNK’s platform, which supports various digital and fiat currencies. Moreover, as an authorized member of the PYUSD ecosystem, BVNK can directly generate … Read more

SHIB Burn Incoming: ShibaSwap on Shibarium to Reduce Supply

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ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu (SHIB) cryptocurrency, announced its launch on Thursday on the Shibarium blockchain, an Ethereum layer 2 solution developed by the SHIB token team. The developers noted that the growing adoption of the Shibarium blockchain for transactions would lead to a higher burn rate for the SHIB … Read more

Kickboxer Tate Talks Bitcoin: Eyes $100 Million Dive into Crypto?

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Shortly after expressing his strong endorsement of Bitcoin (BTC) as the sole viable monetary and investment option, Andrew Tate, a well-known social media figure and former professional kickboxer, declared his decision to fully abandon traditional fiat currency. Tate announced his intention to invest over $100 million into Bitcoin, emphasizing his dissatisfaction with conventional banking systems, … Read more

Chicago Mercantile Exchange Explores Bitcoin Trading Amid Surging Market Demand: Report

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According to reports from the Financial Times, the Chicago Mercantile Exchange (CME) is considering launching Bitcoin trading services to tap into the growing demand for Bitcoin among Wall Street fund managers. The CME has reportedly engaged in discussions with cryptocurrency traders regarding the establishment of a regulated marketplace for Bitcoin transactions. While the plans are … Read more

Nigeria vs Binance: Lawmaker Refutes $140M Bribery Allegations

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Ginger Onwusibe, Chairman of the House of Representatives Committee on Financial Crimes, strongly denied Binance’s recent accusation that Nigerian authorities sought a $140 million bribe. Onwusibe dismissed the claim as a blatant attempt at extortion, accusing Binance of trying to divert attention from the facts. The controversy arose following the arrest of two Binance executives, … Read more

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