Trust Wallet Warns of Scam Clones on Xiaomi, Amazon websites
As Trust Wallet warns against Xiaomi and Amazon store scams, users should only download apps from trusted sources. Users of Trust Wallet, a cryptocurrency wallet endorsed by Binance, have been warned about potentially fraudulent versions of the program available on the Xiaomi and Amazon stores. The business stated it has already filed requests to have […]
OKX Admits Testing ‘Collection Program’ as Bitcoin Fees Skyrocket
After OKX acknowledged testing a new application on the Bitcoin network, the average transaction fee rose to approximately $50. The average transaction cost on the Bitcoin network increased to $52 on Friday, according to data from mempool.space. This means that in order to create a single block on the network, miners must be paid over […]
HKMA Warns Public of Unregulated ‘Kucoin’ Exchange
Hong Kong has warned against “Kucoin,” an unregulated cryptocurrency exchange that demands money to unlock restricted accounts. The public has been made aware of purported fraudulent activities by a cryptocurrency exchange that is posing as HKMA-regulated, according to a notice released by the HKMA. The HKMA identified the digital currency platform “Kucoin” as falsely claiming […]
Coinbase Proposes New Metric to Combat Airdrop-Related Distortions
A new metric called the h-index has been introduced by crypto exchange Coinbase to counter biases in tracking on-chain adoption brought about by airdrop-related activity. The publicly traded U.S. cryptocurrency exchange Coinbase, best known for creating Base, a layer-2 Ethereum solution, has unveiled a new metric that it claims would give a more precise indication […]
Norwegian Government Recovers $5.7M Assets in Heist
The $5.7 million in cryptocurrency that was taken during the Ronin Bridge attack has been successfully frozen and returned by Norwegian police. In 2022, the online game Axie Infinity experienced a $620 million attack. Norway successfully froze and returned roughly $6 million in stolen cryptocurrency. In an X post on Friday, Sky Mavis, the blockchain […]