Everything web3, crypto, defi, degen
In brief The XRP Ledger is experiencing a shift away from retail activity, according to a Serotonin analyst. The network is now more akin to a “interbank settlement network” and is losing steam with retail users. The shift comes amid XRP’s surge to a new all-time high price last week. Ripple-linked asset XRP surged to…
In brief XRP hit a new all-time high of $3.66 this week before retreating to $3.15 amid surging volumes and renewed market attention. Ripple CEO Brad Garlinghouse warned of scammers impersonating the firm on YouTube and other social sites. The cryptocurrency’s older retail base makes it especially vulnerable to social engineering, analysts told Decrypt. After…
In brief Denver pastor Eli Regalado and his wife Kaitlyn face 40 felony charges for allegedly defrauding Christian investors of $3.4 million through the INDXcoin crypto between January 2022 and July 2023. The couple are accused of pocketing at least $1.3 million for personal expenses, including luxury vacations, cosmetic dentistry, and home renovations they claimed…
In brief Roman Storm’s lawyers said Monday they may file a motion for a mistrial, due to alleged holes in the prosecution’s case against their client. The U.S. government has so far failed to prove that Tornado Cash was used in some of the cybercrimes recounted by their witnesses at trial, according to Storm’s lawyers.…
In brief Pump.fun boasts some of the most impressive numbers in the entire crypto industry, growing faster than any crypto app before it. It recently raised $600 million in an ICO, but it’s PUMP token is now close to falling below its ICO price. As competitors rise and Pump.fun’s revenue slows, can the Solana meme…
XRP has hit a new all-time high of $3.65, driven largely by a spike in trading activity across South Korea and the United States.Data from CryptoSlate shows that XRP ranked among the top five most traded digital assets over the past 24 hours, trailing only behind Bitcoin, Ethereum, and the stablecoins USDT and USDC.XRP recorded…
In brief Shane Donovan Moore, a former semi-pro rugby player, was sentenced to 30 months in prison for defrauding over 40 investors out of $900,000 through a fake crypto mining scheme. Moore promised 1% daily returns from mining equipment that didn’t exist, using investor money to fund a lavish lifestyle and repay earlier victims in…
We are proud to share that we closely collaborated with the United States Secret Service (USSS) on an extensive investigation into a crypto fraud scheme. Fraudsters used social engineering techniques to build trust with victims over time, an approach commonly known as “pig butchering.” This joint effort resulted in the largest-ever crypto seizure by the…
We are committed to maintaining the highest standards of trust, security and integrity. We do this to protect our clients while advancing our mission to accelerate the global adoption of crypto. We take our responsibility seriously, which is why preventing bad actors from using our platform is a key part of our efforts. Our approach:…
As the world of digital finance continues to evolve, it’s essential to stay informed about the risks associated with fraudulent activities. During Scam Awareness Week, we aim to educate users on how to protect themselves from scams and highlight the industry’s efforts to create a safer ecosystem. Recognizing the risks: Common scam types Several scam…
