Security News

Nigeria’s anti-corruption agency arrested 792 people in a raid on a building in the country’s largest city that it suspects was a hub for a massive crypto romance scam operation. The suspects, arrested on Dec. 10 in Lagos, included 148 Chinese and 40 Filipino nationals, an Economic and Financial Crimes Commission (EFCC) spokesperson told Reuters […]

Donald Trump’s crypto project, World Liberty Financial, has been on a massive crypto buying spree in December — now nearing a total spend of $45 million after buying $250,000 of Ondo (ONDO). Since Nov. 30, a World Liberty wallet has purchased $30 million worth of Ether ETH$3,958.42 and $10 million worth of Coinbase Wrapped BTC (cbBTC) alongside […]

President-elect Donald Trump has tapped pro-crypto businessman and former Securities and Exchange Commissioner Paul Atkins as the next chair of the regulatory agency under his administration, fulfilling his promise to replace current chair Gary Gensler and delighting the crypto industry. Here’s what we know about Atkins and the potential changes he could bring to the […]

While the crypto industry has continued to reach new heights, recently hitting a market capitalization of $3.89 trillion, the decentralized finance (DeFi) landscape has witnessed a dramatic upsurge in the number of rug pull incidents. On Nov. 14, the number of rug pull incidents peaked at an alarming 31 in a single day, while their monthly cumulative losses amounted […]

As talk of a potential Bitcoin BTC$97,604 strategic reserve grows and sovereign states weigh adopting BTC as a reserve asset, crypto custody company Casa recently announced a self-custody option for nation-states called Praetorian. The new service will provide sovereign powers with security through Casa’s multisignature crypto vaults. Each vault is located in a different jurisdiction and uses strong encryption […]

Nvidia will have to face a class-action suit alleging it misled investors about the volume of sales to crypto miners after the United States Supreme Court dismissed the chip maker’s appeal to throw it out. The justices issued a single-line order dismissing Nvdia’s appeal on Dec. 11, providing no explanation. It now reinstates an appellate court’s decision […]

Democratic Senator Sherrod Brown gave a final message to United States lawmakers in the Senate Banking Committee before he leaves office in January. In a Dec. 11 notice, Brown, the Senate banking committee chair, issued a warning as part of prepared remarks for a hearing ahead of the next Congress and President-elect Donald Trump being sworn into […]

The United States Commodity Futures Trading Commission sued a pastor, accusing him of promoting a $6 million crypto Ponzi scheme to 1,500 people, including some who attended his church in Washington state. The CFTC said on Dec. 10 that it filed a complaint against Francier Obando Pinillo for fraud and misappropriation as part of what it claimed […]

An ongoing memecoin trading frenzy amid the cryptocurrency bull run is allowing traders to experience dizzying highs and lows, yet those benefitting from the “gold rush” appear to be the sellers of picks and shovels, the crypto infrastructure providers. Memecoin popularity has seen Solana-based decentralized applications (DApps) gather record revenue from activity onchain, with automatic market maker […]

Circle and Binance have entered into a strategic partnership to support the financial services ecosystem and the development of global digital assets. The announcement of the alliance was made at Abu Dhabi Finance Week. USDC bound for Binance treasury Binance will make Circle’s USD Coin USDC$0.9996 more widely available on the exchange. “Users will have even more […]