Ripple CTO Bets on Biden Replacement for Pro-Crypto Policy
With Biden withdrawing from the presidential race, crypto market players expect the next Democratic nominee to adopt a pro-crypto stance. US President Joe Biden withdrew his application to compete in the upcoming presidential elections against Republican candidate Donald Trump on Sunday, July 21. The next Democratic nominee is anticipated to adopt a pro-crypto stance, even […]
Delhi Police Arrest 7 for Crypto Fraud
Delhi police arrest seven individuals for defrauding a man of ₹91 lakh ($111,000) in a crypto and stock trading scam, freezing ₹46 lakh in a suspicious account. Seven individuals, including a contractual bank employee, have been apprehended by the Delhi police for allegedly defrauding a man of ₹91 lakh ($111,000) by pledging high returns in […]
Fractal ID Breach Links to 2022 Password Hack
Fractal ID’s postmortem reveals a July 14 data breach traced to a reused password from a 2022 incident, swiftly mitigated by system monitoring. Fractal ID, a blockchain identity platform, released a postmortem delineating the data breach on July 14. The breach has been traced back to a 2022 incident in which an employee reused a […]
South Korea Enacts Virtual Asset Protection Law
The new Virtual Asset User Protection Act in South Korea strengthens previous regulations by requiring VASPs to register and comply with anti-money laundering standards. This law, the Virtual Asset User Protection Act, expands upon the regulations that were implemented in March 2021. These regulations mandated that virtual asset service providers (VASPs) register with financial authorities […]
Bitcoin Whales Ease Selling Pressure as Price Holds Above $67K
Bitcoin has maintained a price above $67,000 for the past seven days, prompting Bitcoin billionaires to reduce their selling pressure. Julio Moreno, the head of research at CryptoQuant, stated in a July 20 post on X that “Bitcoin large Sellers are exhausted and valuation metrics suggest positive momentum.” This statement was about Bitcoin investors who […]