Month: September 2024

Data highlighted the dominance of the top 10 layer one blockchains, collectively valued at $1.66 trillion. In Russia, financial analyst Vladislav Antonov projected growth for the Hamster Kombat token post-airdrop. Meanwhile, China and Russia’s payment flows are under strain due to new sanctions targeting Chinese firms aiding Russia’s war effort. India’s HDFC Bank introduced enhanced […] Source: https://news.bitcoin.com/top-10-l1-chains-hamster-kombat-token-airdrop-performance-and-more-week-in-review/

Illustration by Mitchell Preffer for Decrypt While Crypto Twitter can often be brutally black-and-white when it comes to narrativizing major events, this week saw the industry splinter into shades of gray after Telegram CEO Pavel Durov broke a days-long silence following his release from police custody in France.  In a lengthy letter to the public on this week—posted first to…

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Cryptocurrency exchange Bitget has announced a strategic partnership with Swapple to facilitate crypto payments in Mexican Pesos (MXN) via the Interbank Electronic Payment System (SPEI). Operated by Banco de México, SPEI allows for near-instantaneous electronic funds transfers between bank accounts in Mexican pesos, providing a secure and efficient way to move money. This integration aims […] Source: https://news.bitcoin.com/bitget-launches-direct-deposit-option-for-mexican-pesos/

Friend.tech, the struggling decentralized social media application, has announced a major update to its platform, setting the admin and ownership parameters of its smart contracts to the address 0x000…000. This move effectively renounces control over these contracts, ensuring that no future changes can be made to their fees or functionality. The web client at friend.tech […] Source: https://news.bitcoin.com/friend-tech-team-renounces-control-over-smart-contracts/

Westlake Police are cautioning residents about a rise in blackmail scam emails. Scammers claim they have been monitoring recipients’ online activities and demand payment, typically in bitcoin or gift cards, to prevent exposing personal internet habits. These emails may appear highly personalized, using details like the recipient’s name, address, or even attaching photos of their […] Source: https://news.bitcoin.com/westlake-police-issue-alert-on-blackmail-scams-involving-bitcoin/

Tether, the USDT stablecoin issuer, has acquired 9.8% of Adecoagro, a Latin American-based agricultural giant. In a move described by Argentine media as surprising, the company invested $100 million to diversify its investments in the agricultural and food sectors. Adecoagro, valued at over a billion dollars, has a direct presence in Argentina, Brazil, and Uruguay. […] Source: https://news.bitcoin.com/tether-invests-100-million-in-latams-agricultural-giant-adecoagro/

Two managers from the now-defunct crypto fraudulent investment platform Omegapro were arrested in Istanbul, according to Turkish media reports. Dutch executive Robert Velghe was arrested Tuesday, following the July arrest of Swedish co-founder Andreas Szakacs. Omegapro, founded in 2018 and registered in Saint Vincent and the Grenadines, allegedly defrauded investors out of $4 billion by […] Source: https://news.bitcoin.com/istanbul-police-arrest-omegapro-managers-over-4-billion-crypto-fraud-scheme/