Binance Stops Accepting USD Payments Due to Lack of Bank Support

Binance, the world’s largest crypto exchange by trading volume, recently announced its decision to suspend USD transfers due to a lack of support from banks. This news has caused shockwaves throughout the cryptocurrency industry, raising concerns about the stability of digital assets and their long-term future. From tomorrow, February 8th, 2023, the suspension will take…

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Crypto Enthusiasts Flock to “Trendy” AI Tokens as ChatGPT Frenzy Escalates

When cryptocurrency was introduced in the countries, excitement ensued among citizens. Everyone wanted to take advantage of this revolutionary technology to monetize their presence in the market. It seems that the same incident happened again as past week we have witnessed an astronomical rise in Artificial Intelligence (AI) tokens, with nearly all of them experiencing…

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Voyager summons FTX and Alameda executives

Cryptocurrency pioneer Voyager is on a mission to protect its investors and uncover the truth behind the controversial merger with FTX and Alameda Research. Let us take a deeper dive to learn further about the ongoing dispute. What has happened? Voyager Digital’s legal staff has thrown a bombshell at well-known crypto figures, Sam Bankman-Fried and…

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Coinbase Wallet Brings Some New Features for the Prevention of Thefts

A cryptocurrency company called Coinbase just released many updates to its Wallet software that will improve security and user experience. To safeguard users from harmful actions like spam tokens and airdropped assets, these tools include transaction views, token acceptance notifications, and an automated blocklist of flagged Apps. Users can also get token approval warnings when…

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U.S Senators called Silvergate Capital Corp over the Allegations of Misuse of Customer Funds by FTX

U.S. Senators are calling on Silvergate Capital Corp to provide answers and explanations over the allegations of misuse of customer funds by cryptocurrency exchange FTX, highlighting a grave concern for consumer protection. Their demand has raised eyebrows across the financial industry with many questioning why Silvergate, which prides itself on providing secure banking services, failed…

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South Korean Police Imprisons Bithumb CEO for Misappropriation of Funds

In a landmark case that has sent shockwaves through the crypto community, South Korean authorities have arrested the CEO of one of the world’s largest cryptocurrency exchanges for alleged embezzlement. Kang Jong-hyun, CEO of Bithumb, was apprehended on Tuesday and faces charges relating to the purported misappropriation of millions of dollars and stock price manipulation…

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BonqDAO Lost $120 Million in a Cyber Attack

Crypto-asset security is an ever-present concern, and its fragility has been highlighted once again. BonqDao, a financial services provider, has been subject to a crippling cyberattack as its oracle was infiltrated by an insidious hacker. The exploit enabled the criminal to manipulate the price of AllianceBlock tokens, resulting in losses amounting to $120 million for…

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