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All the news about cryptocurrencies in one place. Round-the-clock, operational and automatic updating. Promo inquiries: @ryder_reilly
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🚀 Mastercard Revolutionizes Crypto Transfers with User-Friendly Aliases
🔑 Mastercard has just launched its groundbreaking “Crypto Credential” service, bringing simplicity and security to the world of digital asset transfers.
📲 No more struggling with long and confusing wallet addresses! With this innovative solution, users on select crypto exchanges can now send and receive funds using Mastercard Crypto Credential Aliases instead.
💡 "We're replacing complexity with convenience," tweeted Mastercard. By streamlining the process, they aim to make blockchain transactions more secure, transparent, and accessible for all.
🌐 Currently available on Bit2Me, Lirium, and Mercado Bitcoin, the service is set to expand across several countries, including Brazil, France, Mexico, and Switzerland. More European nations are also on the horizon.
⛔️ Worried about address mix-ups? Fear not! The system double-checks compatibility between sender and recipient networks, preventing accidental losses or falling victim to scams.
💼 But that's not all. Mastercard has big plans for its Crypto Credential. NFTs, ticketing, and other payment solutions could soon benefit from this user-centric approach as well.
🤝 This move comes hot on the heels of Mastercard's recent collaboration with major banks to explore distributed ledger technology. The future of finance is looking increasingly decentralized!
How to earn money from battles in the hardcore game - Sacra: Falling in Myrd
Sacra is a hardcore RPG saga with Play-To-Earn mechanics on the Fantom network where you can earn around $300 per week or even more. Players have to select a hero and venture into a world of perilous adventures. Develop your hero, journey through various locations, and battle enemies to earn rewards for your progress.
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🚨 South Korean Police Crack Down on Crypto Fraud: 19 Arrested in 'Reading Room' Scam
➡️ South Korean police have made a major breakthrough in the fight against crypto fraud, apprehending 19 individuals involved in a deceptive "crypto reading room" scheme.
➡️ The gang operated through an open chat room, masquerading as seasoned traders and luring in unsuspecting investors seeking legitimate crypto advice.
💰 However, instead of guidance, victims were duped out of a staggering $18.8 million by the cunning fraudsters.
👥 Some members of the gang posed as experts, while others played the role of ordinary investors, all part of an elaborate ploy to gain trust within chat groups.
🌐 Despite the arrests, the investigation is far from over, with at least six suspects still on the run. International cooperation through Interpol has been sought to bring them to justice.
🔗 The gang's modus operandi involved enticing victims into an "open chat room," where they touted their own success stories and urged others to join dubious crypto exchanges.
💔 Once victims were hooked and invested more money, the gang abruptly cut off contact when it came time for withdrawals, demanding hefty "withdrawal fees" as their final act of deception.
📌 Shockingly, the ringleader employed manipulative tactics akin to pig-butchering, promising jobs abroad only to exploit vulnerable individuals who fell into their trap.
🔔 Lawyer Kwak Joon-ho warns that these schemes are on the rise and could result in charges not just for fraud but also for organized crime. The battle against crypto scams continues.
🔒 XLink Partners with Kaamel Technology to Investigate $10M Security Breach
🔍 XLink, the Bitcoin bridge, is teaming up with cybersecurity firm Kaamel Technology to dig deep into a recent security breach that resulted in a whopping $10 million loss.
🔐 With a focus on eliminating vulnerabilities and preventing future mishaps, this partnership aims to bolster XLink's defenses against cyber threats.
⚡️ In addition to Kaamel, XLink is also joining forces with Ancilia Inc. for real-time on-chain monitoring and Cobo for enhanced key management.
💪 Thanks to the quick response of a white hat hacker, some of the stolen assets have been recovered, but the investigation continues.
🚫 As a precautionary measure, XLink has temporarily suspended operations and urges users to review their spending limits.
💼 It's not just XLink feeling the heat – Alex Labs, the mastermind behind the bridge, also suffered an attack resulting in a separate loss of $13.7 million in STX tokens. Stay vigilant!
🛡 Alameda Research CEO Stands by FTX Exec Amidst Sentencing Storm
🤝 In a show of unwavering loyalty, Sam Trabucco, the former co-CEO of Alameda Research, has come forward to defend his close friend and ex-FTX executive, Ryan Salame, as the latter braces for his upcoming sentencing on May 28.
👌 Trabucco paints a picture of Salame as an enigmatic figure, urging the court not to let his worst missteps define him entirely. "Ryan is my ride-or-die," Trabucco writes candidly. "He's made mistakes, and he's ready to face the music."
💼 Hoping for a just outcome in light of the digital asset scandal, Trabucco emphasizes Salame's value as a sought-after talent in the crypto realm. But it's worth noting that Salame himself has requested a rather hefty sentence of eighteen months behind bars.
🔍 While Salame's legal team argues that he was far from privy to FTX's $8 billion fraud scheme, the shadow of unlawful political contributions looms large. These secret donations orchestrated by FTX's own Sam Bankman-Fried have landed Salame in hot water.
💰 With Bankman-Fried now serving a lengthy prison term for his role in the fraudulent web, prosecutors allege that these political donations were nothing short of a pyramid of deceit, funded by unsuspecting FTX customers.
➡️ As the clock ticks towards May 28 at 11 a.m., when Salame will face his fate in Manhattan federal court, the maximum sentence of ten years hangs heavy over this once-prominent figure in the crypto landscape.
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🔒 Sam Bankman-Fried: From CEO to Prison Trader
🚫 Innocence Maintained, Appeal Pursued
Sam Bankman-Fried, the once high-flying CEO of FTX, has broken his silence from behind bars. Serving a hefty 25-year sentence for fraud, he's not going down without a fight. With his sights set on an appeal, Bankman-Fried is determined to clear his name.
⚡️ Trading Rice in the Big House
Locked up at Brooklyn's Metropolitan Detention Center since August 2023, Bankman-Fried has found a new calling within prison walls – commodities trading. But forget about stocks and bonds; he's all about bags of rice now. It seems like even behind bars, this trader can't resist the allure of the market.
🟢 Beans and Rice: A Vegan's Dilemma
Life inside isn't all glitz and glamour for the former crypto kingpin. His vegan diet hasn't exactly made him popular among fellow inmates. So, it's back to basics with beans and rice – not just sustenance but also a form of currency in this gritty world.
👀 A New Perspective Behind Bars
The interview with Puck News sheds light on Bankman-Fried's current digs – a spacious dorm-style area shared with 35 other male prisoners. Surrounded by some who are allegedly involved in murder cases, it's safe to say he's had quite the change of scenery.
➡️ Blame Game and Regrets
Bankman-Fried doesn't shy away from pointing fingers when it comes to FTX's collapse. He claims he was unfairly scapegoated and that negligence played a major role. While he may lack remorse for his actions, he does express regret over not finding someone else to lead Alameda Research while juggling FTX.
👌 A Longing for Familiarity
As he awaits a potential transfer, Bankman-Fried hopes to be moved closer to his parents. The prison walls may be closing in, but family remains a priority for this fallen titan of finance.
‼️ Coincheck Aims for Nasdaq: Crypto Exchange Takes SPAC Route
✔️ Coincheck, the Japanese exchange, is making waves in the crypto world with its plans to go public on Nasdaq. The exchange, known for its strong security measures, announced its intentions on May 8 and hopes to merge with Thunder Bridge Capital Partners IV (THCP) by Q3 2024.
🟥 Before popping the champagne, Coincheck needs to check off a few boxes. This includes getting the nod from Thunder Bridge IV's stockholders and meeting the standard requirements set by SEC and Nasdaq. It's all part of the game when it comes to mergers and listings.
🌍 If all goes well, Coincheck will become a subsidiary of Coincheck Group N.V., based in the Netherlands. The new entity will then join the ranks of publicly traded exchanges like Coinbase, bringing more visibility to the world of digital assets.
💼 Unlike Coinbase's IPO path, Coincheck is taking a detour via a SPAC. This special purpose acquisition company approach has had mixed results lately, with some high-profile cases ending in bankruptcy. But Coincheck is betting on a different outcome.
📈 While there may be concerns about SPACs, Coincheck's Nasdaq listing is a significant step towards wider acceptance of cryptocurrencies. As traditional stock markets embrace digital assets, institutional investors might take notice, leading to increased adoption and investment in the space.
🌐 One thing is clear: the crypto revolution is gaining momentum. With companies like MicroStrategy leading the way as major Bitcoin holders, it's an exciting time for both investors and enthusiasts alike.
🛡 US Strikes Back: Sanctions Hit Russian Drone Maker's Crypto Trail
📣 The US Treasury's OFAC has taken aim at OKO Design Bureau, a Russian drone manufacturer, and its crypto connections. By adding three crypto addresses to the SDN list, the US is tightening the screws on Russia's financial access.
➡️ Chainalysis, the blockchain sleuths, uncovered OKO Design Bureau's Telegram channel, where it sought crypto donations. Videos of drone tests and military deployments against Ukraine were part of their pitch.
💰 Despite their efforts, OKO Design Bureau's crypto coffers amounted to less than $1,000. It seems their fundraising in the digital realm has hit a snag.
⚔️ But this isn't an isolated case. Chainalysis points out that other Russian militia groups are also turning to crypto for funding their war efforts.
🔒 Janet L. Yellen, the Secretary of the Treasury, sees these sanctions on crypto addresses as a way to disrupt Russia's military-industrial complex and its sneaky evasion networks.
🌐 This move by OFAC is part of a broader push to combat not just crypto-related crimes but also non-crypto ones. It's all about cutting off the financial lifelines that keep Russia's war machine running.
💥 The heat is on! Just last month, OFAC teamed up with the UK to go after those supporting Hamas with crypto funds. And let's not forget Hezbollah's crypto operator getting caught in the crosshairs too.
💸 While Russian militias have raked in millions in crypto donations, it seems that the US is determined to make sure those funds don't keep flowing unchecked.
🔒 UK Law Enforcement Can Seize Crypto More Easily With New Powers
📌 'Economic Crime and Corporate Transparency Act' Takes Effect
The UK Parliament's new legislation, the 'Economic Crime and Corporate Transparency Act,' is now in action, empowering law enforcement agencies to seize crypto with greater ease. This move aims to combat the exploitation of decentralized currencies by organized criminals.
🔐 Preventing Anonymity for Criminals
With these enhanced powers, UK law enforcement can now freeze assets even before making arrests. The UK Home Office states that this will help target assets acquired through criminal means, even if criminals try to hide behind anonymity or operate from overseas.
💼 Crypto Crackdown Success Stories
The police have already made significant progress in this area, with the deployment of crypto tactical advisors nationwide and the seizure of hundreds of millions of pounds in cryptocurrency. In collaboration with US authorities, they recently cracked down on a drug ring, confiscating $150 million in cash and digital currency.
⚡️ Keeping Pace with Evolving Crime
Adrian Foster, Chief Crown Prosecutor, emphasizes the importance of adapting to the changing nature of crime. These new measures will provide investigators and prosecutors with the tools they need to restrain, freeze, or eliminate crypto assets linked to illegal activities.
💼 Managing Seized Funds Responsibly
In addition to seizing funds, UK law enforcement agencies now have the authority to manage them. Assets can be transferred into a wallet controlled by authorities, who will then decide whether to destroy them or reintroduce them into circulation based on what serves the "public good."
🛡 Privacy Coins in the Crosshairs
Privacy coins, designed to enhance anonymity and reduce traceability, are specifically mentioned as potential targets for destruction. Home Secretary James highlights the threat to national security posed by these coins, which can be exploited by terrorist organizations like Daesh.
⚡️ PORTAL seems to be cooking up some new things with their new launchpad
The debut token on the Portal Launchpad is $SOMO (https://twitter.com/playsomo) and those who stake $PORTAL will be able to receive a guaranteed allocation for the $SOMO sale which is happening on Thursday, 25th April at 11 am EST and I’m expecting this to skyrocket 🤑
Within the niche of Web3 gaming, we’ve seen many successful launches recently such as My Pet Hooligan’s $KARAT – $SOMO could be next. SOMO will quite literally be the Pokemon Go of Web3 and is also a playable 3D game
$SOMO seems to be the next big cook following after $PORTAL’s success, hitting a 3bn FDV and it was the biggest Binance Launchpool launch in history. I would really recommend picking up some $PORTAL and staking via their launchpad for the $SOMO sale➡️ https://launchpad.portalgaming.com
⏺Wallets will be able to purchase up to 1 ETH of $SOMO and to balance the demand against the available allocation – there will be a weighted raffle to give everyone a fair chance. Your chances in the raffle are dictated by your ticket size and how early within the 24 hours you purchase.
The earlier you purchase and the bigger your ticket, the more $SOMO you’re likely to receive. The current presale price terms seem very fair considering other rounds available like Pixelmon’s $MON and Revolving Games’ $RCADE.
✖️ Portal Twitter: https://twitter.com/Portalcoin
✖️ SOMO Twitter: https://twitter.com/playsomo
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➡️ The Lightning Network Empowers Small-Scale Miners Pre-Halving
🔍 With the highly anticipated Halving Event on the horizon, Bitcoin enthusiasts are buzzing with excitement. Amidst this fervor, a game-changer called the Lightning Network is stepping up to support the unsung heroes of mining – the small-scale miners.
⚡️ As mining rewards shrink due to the halving, efficiency becomes paramount. The big players are already exploring energy-saving techniques, but what about the little guys?
💰 Jesse Shrader, CEO of Amboss, warns that small-scale miners will feel the pinch too. Fewer Bitcoins and rising transaction fees pose fresh challenges.
🤝 However, Shrader sees a silver lining in the form of LN. This layer-2 solution is like a secret tunnel for Bitcoin payments, bypassing the congestion and costs of the main blockchain.
💡 By adopting LN for payouts, mining pools can sidestep hefty transaction fees and streamline operations. Shrader even spotlights NiceHash as an early adopter.
📈 While LN initially appealed to hobbyists, it's now gaining traction among businesses. Amboss is at the forefront, helping forge those vital peer-to-peer channels.
🌟 From Facebook's Libra to Sui: A Deep Tech Journey
🚀 Scaling Up with Sui
Adeniyi Abiodun, the visionary CPO of Mysten Labs, unveiled the secrets behind building a highly scalable blockchain at Consensus 2024. It's all about striking the perfect balance between speed, scalability, and security through cutting-edge consensus algorithms and multi-machine architecture.
🔒 Web2 Meets Web3
Abiodun shattered the barriers between Web2 and Web3 games, emphasizing that Sui is all about inclusivity. He also dropped hints about an intriguing concept called DePIN, which promises exciting use cases for users.
📈 Two Major Developments
With a tech team boasting deep expertise from their time at Facebook's Libra project, Sui is rewriting the rulebook. Abiodun teased us with a glimpse into their top-secret projects, hinting at game-changing developments that will leave the competition in awe.
👌 Sui: More Than Just a Blockchain
Unlike its predecessor Libra, Sui aims to be more than just another blockchain. It's a grand vision of a global coordination layer for digital assets worldwide. And they're only 1% into this epic journey – buckle up!
♾ In this exclusive interview, Adeniyi Abiodun paints a vivid picture of how Sui is rewriting the blockchain narrative, leaving no stone unturned in their quest for technological excellence. The future looks bright for this deep tech powerhouse!
🔒 UK Court Cracks Down on Bitcoin Money Laundering: Woman Sentenced to 7 Years
💰 Sophisticated Scheme: A former fast-food worker, Jian Wen, has been sentenced to nearly seven years in prison by the Southwark Crown Court in London for laundering 150 Bitcoin tied to a whopping $5.6 billion fraud.
➡️ Big Seizure: Authorities seized over 61,000 Bitcoin, valued at more than $4 billion, as part of the investigation into this colossal investment scam.
➡️ Victim or Villain?: Wen, who holds both British and Chinese citizenship, claims innocence and portrays herself as a victim manipulated by an "expert criminal supervillain." But prosecutors argue she played a decisive role in managing the crypto wallet used for laundering.
➡️ No Mercy: Judge Sally-Ann Hales emphasized that while there was no evidence of Wen's involvement in the underlying fraud, she knew she was dealing with dirty money. The sentence: six years and eight months behind bars.
🌐 EU Fights Back: In related news, the EU recently passed new regulations to combat money laundering in the crypto world. This move aims to tighten the screws on crypto exchanges and brokers, requiring them to report suspicious activities.
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🚀BULLISH SIGNAL: $DERC to $ZERC SWAP 🚀 May 21, 10 AM UTC🚀
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🔒 South Korean Tax Body Seizes Crypto: $800,000 Liquidated
💰 The South Korean National Tax Service (NTS) is on a roll, cracking down on tax dodgers who hide income through cryptocurrency investments. In a recent press conference, the NTS proudly displayed its latest catch: over $800,000 worth of previously frozen digital assets.
🚀 This ongoing crackdown has been a success story for the NTS and local tax bodies, with thousands of crypto holders feeling the heat. Over the past five years, the NTS has taken action against 641 high-value and habitual delinquents, freezing a staggering $79 million in coins.
💸 It seems that many tax evaders have learned their lesson, as they've coughed up over $69 million in fines and unpaid taxes to regain access to their tokens. But for those who still refuse to pay up, the NTS isn't playing games – it's already sold off $800,000 worth of coins.
✅ With potentially more than $9 million in its digital coffers, the NTS is sending a clear message: tax justice will be served. Yang Dong-hoon, head of the NTS' Tax Collection and Legal Department, vowed to track down every last asset of these "high-value and habitual" delinquents.
🎨 But it's not just crypto that's caught the NTS' attention. The agency has also seized and sold valuable art pieces, undisclosed inheritances, luxury cars, and even prepaid golf course memberships. It seems that some tax dodgers were living lives of luxury – until they got caught.
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➡️ The Clock Is Ticking On Bitcoin Privacy, Edward Snowden Warns
🔒 Final Warning: Time is Running Out for Bitcoin Privacy, Says Snowden
🚨 With the U.S. government targeting crypto mixers, Edward Snowden sounds the alarm on Bitcoin privacy. Taking to X, the famed whistleblower urges developers to prioritize privacy at the protocol level before it's too late.
🔐 "I've been warning Bitcoin developers for ten years," Snowden cautions on X. "This is the final warning. The clock is ticking."
💔 The announcement of Wasabi Wallet's Coinjoin service shutting down due to regulatory uncertainty in the U.S. prompts Snowden's response, gaining over 8,400 likes.
🔒 As the U.S. intensifies its crackdown on companies offering crypto mixing services, citing money laundering and sanctions evasion, Snowden emphasizes the need for greater privacy measures.
🟢 The recent arrests of Samourai Wallet founders by the Department of Justice (DOJ) raise concerns about how self-custody wallets might be viewed as unregistered money-transmitting businesses.
💡 "Make money private by default," Snowden insists, criticizing the DOJ's actions against Samourai Wallet. He warns that if privacy becomes an exception, it could lead to further criminalization.
🌐 Known for his 2013 NSA leaks, Snowden has long defended digital assets and sees Bitcoin as a significant monetary advancement. His message underscores the urgency to act as regulatory pressures mount.
🚨 South Koreans on Alert: Declare Crypto Holdings or Face Tax Consequences
💡 Tax Bombshell Looms: South Korean crypto holders have been given a stern warning by tax accountant Kim Dae-kyung. In an article for Money S, he highlighted the need to declare overseas crypto exchange holdings to avoid potential trouble.
🌐 Domestic Trading Exemption: Currently, profits from crypto trading within South Korea are tax-free. But starting next year, a new law will change that. Traders will have to report gains exceeding $2,100 and pay taxes accordingly.
🗂 Overseas Assets Under Scrutiny: Kim emphasized that holdings on foreign platforms already count as "overseas assets". Neglecting to mention them in tax declarations could be seen as a violation of the law.
⏳ Deadline Approaching: Declarations for these assets must be completed by the end of June this year, as per the Income Tax Act's provisions.
📣 Data Exchange Empowers Tax Authorities: The landscape has shifted since 2014, with South Korean tax bodies now sharing information with international counterparts. This means they can access details about an individual's overseas accounts, including those related to crypto.
💰 Fines and Prosecution at Stake: Non-compliance comes with hefty penalties. Fines can reach up to 20% of the wallet balance, while failing to report substantial assets worth over $3.6 million might even lead to criminal prosecution.
✅ Crypto Clauses in Tax Code: Lawmakers have taken note of the crypto boom and made specific amendments to ensure compliance with tax obligations related to "accounts opened overseas to trade cryptoassets."
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🚀 SEC Puts Franklin Templeton's Ethereum ETF on Hold: Uncertainty Looms
➡️The U.S. Securities and Exchange Commission (SEC) has hit the pause button on Franklin Templeton's spot Ethereum ETF, extending the decision deadline to June 11, 2024. This unexpected news, disclosed in a recent filing, leaves investors in suspense.
🔍 The SEC cites the need for a deeper dive into the complexities of Ethereum's classification and suitability for an ETF. With Coinbase Custody Trust Company and Bank of New York Mellon as custodians, Franklin Templeton aims to track ether's price.
⏳ This delay echoes Grayscale's Ether Trust proposal setback earlier this year, hinting at a cautious regulatory approach. Meanwhile, industry titans Fidelity and BlackRock are also vying for a slice of the cryptocurrency ETF pie.
🔴 While analysts initially eyed a May decision, expectations have been dampened. Bloomberg's James Seyffart even questions whether these Ether ETF applications will see the light of day.
💼 Despite the uncertainty, investor interest in crypto investment vehicles remains undeterred. The market craves more accessible ways to ride the digital asset wave, even if regulators are pumping the brakes.
🔒 Mango Markets Hacker Found Guilty, Faces 20 Years in Prison
🟢 In a Manhattan federal court, the verdict is in: Avraham Eisenberg, the mastermind behind the $110 million heist on Solana-based DeFi platform Mango Markets, has been found guilty. The consequences are severe, with a potential sentence of up to 20 years behind bars.
➡️ Prosecutors painted a picture of a complex exploit, highlighting the financial havoc wreaked by Eisenberg's actions. Since his arrest in January 2023, he has been awaiting his fate.
💼 The charges against Eisenberg include commodities fraud, manipulation, and wire fraud. This wasn't just any hack; it involved cunningly manipulating Mango Markets' native token, MNGO.
‼️ After days of trial and deliberation, the jury reached its decision on April 18. Eisenberg's defense team argued that his actions were not criminal but rather a clever trading strategy that resulted in significant gains.
🔕 However, prosecutors maintained that Eisenberg's maneuvers were deceptive and designed to siphon funds illicitly. They claimed he had to resort to lies to make off with the ill-gotten gains.
🤝 Despite returning a substantial portion of the stolen funds, Eisenberg's legal battle is far from over. His lawyer expressed disappointment but made it clear they would continue to fight for their client through post-trial motions.
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