Finance
In a shocking revelation, HSBC Bank is facing allegations of mortgage fraud, highlighting a sophisticated money laundering scheme that has been operating within Toronto's bustling real estate market. This scheme involves the acquisition of properties through mortgages obtained with falsified income, purportedly verified by fraudulent remote work overseas.
Finance
In a significant move for the crypto industry, venture capital firm Andreessen Horowitz (a16z) has announced a substantial $100 million investment in EigenLayer, a leading re-staking protocol. This investment marks a pivotal moment for EigenLayer, emphasizing the growing interest and confidence in the potential of blockchain technology to revolutionize various
Finance
In a surprising move that has sent shockwaves through the cryptocurrency community, AAX, a cryptocurrency exchange based in Hong Kong that recently declared bankruptcy, has initiated the transfer of substantial amounts from its wallets. This action has raised suspicions of a possible attempt at money laundering, according to a statement
World Wide
In a significant move signaling a potential shift in strategy, eBay has reportedly downsized its workforce dedicated to Web3 initiatives, including the cessation of its efforts in the NFT (Non-Fungible Token) domain. According to NFTgators, citing anonymous sources, the e-commerce giant has laid off 30% of its Web3 division'
Finance
In a startling revelation, the Australian National Anti-Corruption Commission has charged Federal Police officer William Whitley with the theft of 81.62 BTC, equivalent to $4.2 million, from a Trezor wallet. This incident, which underscores the growing concerns around digital asset security and law enforcement integrity, has sent shockwaves
Finance
In a recent analysis by Coin Metrics, experts have dissected the financial implications of executing a so-called 51% attack on the networks of Bitcoin and Ethereum, unveiling staggering costs that would run into the tens of billions of dollars. Such an attack, a nefarious scheme aimed at gaining control over
Finance
MicroStrategy Inc., a leading technology giant, has witnessed its Bitcoin reserves soar to an impressive value of $10 billion, according to a recent Bloomberg report. The company, which currently holds 190,000 BTC, has seen a significant increase in the value of its Bitcoin reserves following the recent surge in
World Wide
The scheduled hearing for former Binance CEO Changpeng Zhao, also known as CZ, has been postponed from February 23rd to April 30th, 2024. This development comes in the wake of his conviction for money laundering and subsequent travel ban within the United States. With a potential sentence of up to
Finance
The cryptocurrency market is facing a downturn today, with a majority of alternative coins (altcoins) showing red figures. Bitcoin (BTC) is currently trading around $48,100, while Ethereum (ETH) is hovering near $2,500. Bitcoin Dominance: 53.96% Fear and Greed Index: 70 (Greed) Altcoin Season Index: 51 Market Capitalization:
Finance
According to JPMorgan, cryptocurrency ETFs from BlackRock and Fidelity are outpacing the investment product GBTC in liquidity metrics. The spot Bitcoin ETFs offered by BlackRock and Fidelity Investments are surpassing Grayscale Investments' cryptocurrency fund in two liquidity metrics, as reported by The Block, citing information from JPMorgan Chase. In
Finance
The Energy Information Administration (EIA) has released a report on the electricity consumed by cryptocurrency miners. In 2023, companies engaged in cryptocurrency mining consumed as much electricity as the entire country of Australia. The agency noted the rapid development of the mining sector in the United States. According to the
Finance
In a groundbreaking move, Geometric Energy Corporation (GEC) has paid SpaceX in DOGE tokens to reschedule the launch of the DOGE-1 satellite. The decision comes as the equipment readiness posed challenges to the original launch timeline, as reported by various media outlets. CEO of GEC, Samuel Reid, announced the unprecedented