Authorities in China recently announced the arrest of ten suspects they say are behind an online pyramid platform that is thought to have stolen millions of dollars from unsuspecting users. The suspects are accused of using the promise of high returns and a regular income to lure more victims.
A hacker has made off with approximately $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI after using a “re-entrancy” attack on DeFi lending protocol applications Agave and Hundred Finance.
Crypto companies have kept attracting venture capital investment in gargantuan sums. ConsenSys has announced the completion of a $450 million Series D funding round at a $7 billion valuation. This comes after the network’s NFT based platform recently secured $200 million in funding.
Leading cryptocurrency exchange Binance is showing its intention of expanding its activities to Brazil. The company announced that it has signed a memorandum of understanding with a regulated securities brokerage firm in Brazil, with the intention of acquiring it. The company, called Sim;paul Investimentos, offers different investment options to its customers, including various funds and stocks, and is said to be completely compliant with Brazilian laws.
Owen Lau, an equity researcher at Oppenheimer, has estimated that the Nasdaq-listed cryptocurrency exchange Coinbase (NASDAQ: COIN) could have “hidden value” in its Coinbase Ventures unit.
Just a day before the Federal Reserve plans to announce its first rate hike in four years, Bitcoin (BTC) makes a surprising move to the north. As of press time, Bitcoin is trading 5% up above $41,000. This is for the third time in three weeks that Bitcoin has made a move back above $40,000.
Polkadot price analysis for March 16, 2022, comes on a bullish note for the DOT token as it rose nearly 6% in the last 24 hours. Moreover, it is also important to note that the nearest resistance for the token stands at the $19 price level which the token has failed to break on multiple occasions.
India’s income tax department has reportedly identified about 700 cryptocurrency investors who have failed to pay taxes on high-value crypto transactions. “We have a long list of people who were transacting in crypto assets but were not paying tax,” said an official with the country’s Central Board of Direct Taxation.
Meta CEO Mark Zuckerberg has revealed that its video and photo sharing app, Instagram, is preparing to add non-fungible tokens (NFTs) to the platform.