US spot Bitcoin exchange-traded funds (ETFs) have logged over $17 billion in net inflows after another successful trading week. According to data from Farside, these funds captured over $2 billion in inflows over the past two weeks, with BlackRock’s IBIT and Fidelity’s FBTC being key contributors to the inflow surge. Grayscale’s GBTC saw huge outflows…
TLDR Cybercriminals are targeting players of the popular game Hamster Kombat with phishing scams. Scammers use fake airdrop claims, token conversion promises, and fraudulent websites to trick users. The attacks coincide with Hamster Kombat’s rapid growth and plans to launch a cryptocurrency token. Phishing attacks have increased significantly in 2024, with $314 million lost in…
TLDR President Joe Biden has withdrawn from the 2024 presidential race. Bitcoin’s price initially dipped but quickly recovered following the announcement. Some analysts believe Trump’s increased chances of winning could benefit crypto assets. The news caused significant liquidations in crypto markets, with $67 million in long positions liquidated within 30 minutes. Analysts caution it’s too…
In today’s fast-paced digital world, are you finding yourself overwhelmed by technology that’s more complex than it needs to be? As the landscape of data storage and investment opportunities continues to evolve, some solutions offer impressive features but may fall short in user accessibility and adaptability. Arweave, for instance, has made waves with its decentralised…
Invest Hong Kong, the government department responsible for attracting foreign direct investment, has announced the 7th edition of the Global Fast Track (GFT) 2024, a program designed to empower business connectivity among fintech startups, corporates, and investors. The program, open for applications until September 20, offers fintech companies worldwide the opportunity to pitch their cases…
[PRESS RELEASE – Hong Kong, Hong Kong, July 21st, 2024] SoMon, a decentralized Web3 forum with a vision to create a space for user-owned content and connections, recently launched its app on Base and has already gained more than 300,000 on-chain transactions in 14 days since its launch, making it the most active and fastest-growing…
[PRESS RELEASE – Toronto, Canada, July 21st, 2024] A new study reveals some Canadian crypto platforms charge up to 19x more in fees RankFi, an independent comparison platform, has released its latest study on cryptocurrency exchange fees, highlighting substantial cost differences among 18 Canadian trading platforms. This comprehensive analysis aims to help crypto investors find…
Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) has fined Meta (formerly Facebook) $220 million for alleged data privacy violations. The investigation centered on Whatsapp LLC and Meta’s failure to allow users to consent to the gathering and use of their data. The FCCPC said it imposed the fine in accordance with the FCCPA 2018,…
Delhi police have arrested seven individuals, including a contractual bank employee, for allegedly defrauding a man of ₹91 lakh ($111,000) by promising high returns in stock and cryptocurrency trading. The suspects, identified as Ajay, Mohit, Shankar, Partyaksh Koshar, Manish Jawla, Shrayance Pandit, and Dinesh, created fictitious bank accounts and sold them to other fraudsters. Deputy…
Hong Kong, Hong Kong, July 21st, 2024, Chainwire SoMon, a decentralized Web3 forum with a vision to create a space for user-owned content and connections, recently launched its app on Base and has already gained more than 300,000 on-chain transactions in 14 days since its launch, making it the most active and fastest-growing social app…