Colin Murphy, a known associate of the notorious Canadian ‘Crypto King’ Aiden Pleterski, has been given a 5-month jail term for defying court orders in Oshawa, Ontario. This sentence follows Murphy’s refusal to surrender his iPhone and allegations of data deletion when a search warrant was executed. Amid the intensifying ‘Crypto King prison’ storyline, Murphy was sued by an investor alleging a loss of $120,000 given to Murphy for investment in Pleterski’s digital currency venture. Despite a cour

Share On Facebook?

Tweet This!

Save!

A deepfake video showing Australian tycoon Andrew Forrest endorsing a scam cryptocurrency platform, ‘Quantum AI’, has sparked outrage after appearing on Facebook. This incident is the newest addition to a growing list of bogus advertisements featuring manipulated visuals of well-known personalities, thereby fueling distrust in media. Identified by Cybertrace, the video distorts Forrest’s words and actions from a prior ‘fireside chat’ held by the Rhodes Trust in October 2023. Despite Meta, the pa

Share On Facebook?

Tweet This!

Save!

Congress members Mike Flood, Wiley Nickel, and Senator Cynthia Lummis have introduced measures to repeal the Staff Accounting Bulletin 121 (SAB 121) from the U.S. Securities and Exchange Commission (SEC). The ‘SEC crypto custody rule,’ as it’s widely referred to, imposes constraints on banks that aim to safeguard their customers’ cryptocurrency assets, requiring them to record these digital assets in the balance sheet. This trio initiated a resolution under the Congressional Review Act on Februa

Share On Facebook?

Tweet This!

Save!

Although the Solana SOL price saw a 9.8% fall between January 30 and February 1, the activity on the network is on the rise. In the past month, SOL’s value has decreased by 10.7%, lagging behind EtherEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. (ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH.) and BNB, which experienced a decrease of 1.2% and 2.6% respectively. This downward trend has led to doubts about SOL’s performance, particularly when the robustness of its network fundamentals is taken into account. The crypto market in general has been under pressure following the U.S. Feder

Share On Facebook?

Tweet This!

Save!

In an interesting turn of events, Binance, the cryptocurrency exchange, has immobilized $4.2 million in XRP. This action follows the shocking theft of $112 million from Ripple co-founder Chris Larsen’s personal wallet due to the Binance Ripple XRP exploit. Binance’s CEO, Richard Teng, announced the decision on social media, showcasing the success of freezing the thief’s address, thereby stopping any further transfers of the stolen money. Though initially thought to be a hacking incident involvin

Share On Facebook?

Tweet This!

Save!