Chinese Official Receives life Sentence over Crypto Debt-Fueled State Secrets Sale
A Chinese official was sentenced to life in prison for selling state secrets to pay off crypto investment debts. Life Sentence over State Secrets Sale China’s Ministry of State Security announced on November 8 that a Chinese public official has been sentenced to life imprisonment for selling state secrets to foreign entities to offset crypto […]
High-Risk DeFi Loans Spike Post-US Election Amid Crypto Market Rally
High-risk DeFi loans have skyrocketed since the US election, just months after Curve’s founder was liquidated for over $100 million. The value of cryptocurrency loans is rapidly increasing, possibly signaling a cautionary trend for crypto markets amid investor optimism following the U.S. presidential election. Data from IntoTheBlock shared in a Nov. 6 post on X […]
California Revokes BlockFi’s Lending License Two Years Post-Bankruptcy
Bankrupt and now defunct BlockFi has entered into a settlement in which it has consented to the revocation of its license and to cease unsafe practices. The California Department of Financial Protection and Innovation (DFPI) has permanently revoked the license of BlockFi, a bankrupt cryptocurrency lender, two years after the company declared bankruptcy. On November 7, […]
Unstoppable Domains Adds Monero Usernames with Cake Wallet
Cake Wallet users can now use.xmr domains in their blockchain interactions through the new partnership. Blockchain domain provider Unstoppable Domains has teamed up with Cake Wallet, an open-source wallet, to introduce a new top-level domain specifically for Monero enthusiasts, the companies announced. Unstoppable Domains revealed that the new .xmr domains enable Cake Wallet and Monero […]
Binance Lists XRP, DOGE To Smart Arbitrage Offerings
Binance smart arbitrage offerings were expanded to include XRP and Dogecoin (DOGE), which has fueled speculation regarding a price rally in the crypto market. On Friday, Binance , the world’s largest cryptocurrency exchange, announced the inclusion of XRP and Dogecoin (DOGE) in its smart arbitrage offerings. The imminent price rally was the subject of significant […]