Crypto.com, a crypto exchange, has sued a woman, Thevamanogari Manivel, for reportedly misusing $10 million erroneously sent to her by the exchange. The problem began in 2021, when the crypto exchange was supposed to send Manivel a $100 refund...
The Federal Bureau of Investigation (FBI) of the United States has issued a public service announcement warning investors of the potential risks of losing funds to cybercriminals through decentralized financial (DeFi) platforms. It disclosed that investors had lost over...
Dubai's Virtual Asset Regulatory Authority (VARA) has issued guidelines for cryptocurrency firms to follow before marketing and advertising their products in the region. VARA asserted that these guidelines must be adhered to before any digital asset is promoted on...
The Office of Foreign Asset Control (OFAC) added Tornado Cash to the US sanctions list on August 8. Two days later, Dutch authorities apprehended Alexey Pertsev, a programmer for the crypto mixing service. Privacy advocates were outraged by the...
Binance, a well-known cryptocurrency exchange, has announced plans to credit users' accounts with any tokens created during the Ethereum Merge. The Merge, a popular event involving the transition of the Ethereum network from Proof-of-Work to Proof-of-Stake, is expected to...
For the first time, the Security Service of Ukraine (SBU) has implemented a mechanism to prevent cryptocurrency fundraising for the Russian soldiers taking part in the national conflict. Full-scale war broke out when the Russian army invaded Ukraine in...
Reddit, a social network, has joined its counterparts in participating in blockchain-based collectibles. In the case of Reddit, it is currently airdropping Polygon-based "collective avatars" from four collections to its users. The sharing formula is determined by users' level...
Coinbase, a well-known cryptocurrency exchange, has announced plans to further reduce its costs due to the ongoing crypto winter. The crypto exchange has been negatively affected by the bear market, forcing it to lay off over 18% of its...
The founder of Telegram, Pavel Durov, has disclosed a proposal for NFT-like smart contracts that allow individuals to easily auction unique and highly sought-after usernames. Durov mentioned his proposal in his personal Telegram channel, exploring his concept of a...
Nike, a major footwear brand, has generated approximately $185 million in NFT sales, making it the brand with the largest NFT revenue. According to Dune Analytics, Nike completed 67,000 sales transactions. Dolce & Gabbana (D&G), Gucci, Tiffany, and Adidas...
