Google Reportedly Sues Chinese Crypto App Scammers
Alphabet, the parent company of Google, has sued two Chinese nationals who used the firm’s platform to distribute and promote fraudulent crypto apps. Alphabet asserts that scammers uploaded and promoted fake cryptocurrency apps on Google Play and YouTube. The internet giant claims that the defendants developed a habit of racketeering following hundreds of wire fraud […]
MAS Grants Crypto Liquidity Firm GSR Markets MPI License
The Monetary Authority of Singapore (MAS) has granted a full major payment institution (MPI) license to the cryptocurrency trading business and liquidity provider GSR Markets. According to reports, GSR obtained the license on April 4, following in-principle approval in October 2023. According to Xin Song, CEO of GSR Singapore, GSR is the first company in […]
Analysts Urge Investors to Deal Cautiously With AssangeDAO’s
Analysts at SlowMist have urged investors to deal cautiously with AssangeDAO following recent fund transfers and inquiries about fund destinations. When a 100 Ether transaction from AssangeDAO’s address went to a recipient who appeared to be connected to the decentralized autonomous organization on March 10, analysts at SlowMist became concerned about a potential “soft rug […]
ETH Q1 2024 Earnings Soar by More than 155% in Previous Year
Ethereum blockchain Network saw significant growth in the first quarter (Q1) of 2024, 155% more than in the first quarter of 2023. Coin98 Analytics research indicates that Ethereum’s earnings in Q1 2024 tripled on a quarter-over-quarter basis to $369 million. The sum represented a 210% year-over-year growth from $119 million in Q1 2023. Ethereum’s Q1 […]
Bithumb Exchange Reports 57% Annual Loss For 2023
South Korean cryptocurrency exchange Bithumb, reported a 57% decrease in Annual revenue days after announcing a delayed IPO. An April 2 article from Korean news outlet Newdaily stated that the Seoul-based exchange’s annual sales revenue decreased by 57.6% to 1.358 billion Korean won in 2023 from 3.201 billion won in 2022. Although net profit decreased […]