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A fraudulent crypto exchange platform used AI-generated videos of Elon Musk and misleading information to promote crypto trading services.

Elaborate Elon Musk deepfake crypto fraud uncovered in Hong Kong

Hong Kong authorities closed in on an unlicensed, fraudulent cryptocurrency exchange that faked affiliation with Tesla CEO and Dogecoin proponent Elon Musk. The Hong Kong Securiti...

4 months ago

Mango DAO distributed treasury funds to token holders through a buyback program, but critics claim it was done to benefit an FTX estate buyer.

Mango Markets DAO buyback plan leads to accusations of ‘self-dealing’

An April 7 plan to buy back tokens at a premium to market price has led to controversy within the governing body of decentralized finance protocol Mango Markets. Some community m...

4 months ago

Tom Brady copped heat from comedians for his role in partnering with the now-defunct crypto exchange FTX.

Tom Brady roasted on crypto in Netflix special — ‘How did you fall for that?’

Former pro footballer Tom Brady was grilled by comedians and former teammates during a Netflix-streamed roast, and quips about his role in promoting the bankrupt crypto exchange FTX were some of...

4 months ago

Daily revenue from Bitcoin mining dropped to under $3 million from the previous daily average of roughly $6 million in the first four months of 2024.

Bitcoin mining revenue hits post-halving yearly low

Earnings from Bitcoin mining dropped significantly in May as the effects of the fourth Bitcoin halving event set in. The Bitcoin halving mechanism was designed to incre...

4 months ago

Fitch Ratings notes that Block has used convertible debt for external funding since its IPO and is well-positioned to exploit the growth in payments and consumer financial services.

Jack Dorsey’s Block to raise $1.5B in senior notes offering

Fintech firm Block (formerly Square) announced plans on May 6 to issue $1.5 billion in senior notes through a private placement to qualified institutional investors. Th...

4 months ago

Revolut announced its new Revolut X crypto trading platform for U.K. retail users, which it claims will offer fixed low fees and easy fiat-to-crypto conversion.

Revolut debuts dedicated crypto exchange for UK users

The fintech company and global neobank Revolut made a notable move into the cryptocurrency sphere by quietly introducing a specialized crypto trading platform for retail customers in the United ...

4 months ago

The SEC is planning to file an “enforcement action” against Robinhood’s cryptocurrency business, according to the Wells notice.

Robinhood crypto business slapped with SEC Wells notice

The United States Securities and Exchange Commission (SEC) has issued a Wells notice to the popular trading platform Robinhood. Following the news of the Wells notice, Robinhood’...

4 months ago

Exodus Movement, Inc., the developer of non-custodial crypto wallet Exodus, is set to go public on May 9 on the NYSE American in a bid to create “long-term value” for investors.

Bitcoin wallet developer Exodus to go public on New York Stock Exchange

Crypto wallet maker Exodus Movement, Inc. received approval for its common stock for listing on the New York Stock Exchange (NYSE), the company announced in a press release o...

4 months ago

The Infinex protocol — dubbed the "UX Layer" of DeFi — is targeting a May 13 launch, pending a final vote from Infinex's governing council.

Synethix founder Kain Warwick targets mid-May launch for Infinex DEX

Synethix founder Kain Warwick has given a date for when the decentralized exchange front-end and self-custodial account system Infinex is set to go live after several delays from its expected Q4...

4 months ago

Bitfarms is actively working to triple its current hash rate capacity to 21 exahashes per second with a $240 million investment.

Bitcoin halving sees Bitfarms’ BTC mining earnings plummet

The impact of the fourth Bitcoin halving has led Bitfarms to report its lowest monthly earnings in over two years. The mining firm earned 269 Bitcoin in mining rewards and tr...

4 months ago