Crypto News
Poland Central Bank Will Not Buy Bitcoin ‘Under Any Circumstances’
“You can buy a lot and gain a lot, as well as lose a lot,” a bank official said. “However, we prefer something certain.”Source link
$2.5M in Crypto Assets Seized in Thai Scam Raid
Two Chinese nationals were arrested in Thailand on Feb. 5, after a joint Thai-Chinese operation seized $2.5 million in USDT and other assets worth over $100,000. Scam Masterminds Linked to Human Trafficking A recent joint operation by Thai and Chinese law enforcement resulted in the seizure of $2.5 million worth of USDT stablecoins (84 millionSource link
Solana DEX Volume Tops $60M as It Looks to Extend 4-Month Winning Streak Over Ethereum
Solana is on track to extend its four-month run over Ethereum and other smart-contract blockchains in decentralized-exchange (DEX) volume even as the rangebound crypto market struggles to capture trader enthusiasm.Solana-based DEXs have posted total trading volume of just over $60 million this month, nearly double the $34 million on Ethereum, the biggest smart-contract blockchain, according to data source DeFiLlama."Solana’s lower fees and higher throughput continue to attract developers and users, highlighting its growing role in decentralized finance," Tagus Capital said.Solana has held its pole position since October. Notably, in January, Solana-based DEXs achieved trading volume of $258 billion with Ethereum trailing at just $86 billion.Solana's dominance, powered by frenzied memecoin trading, is not limited to transaction volume. Despite its reputation...
Crypto Investors Lost Over $500M in Memecoin Rug Pulls and Scams in 2024
More than $500 million was lost to memecoin rug pulls and scams in 2024, according to a report by crypto intelligence platform Merkle Science.The most prolific scams involved social engineering, which is a technique that relies on impersonation and manipulation to gain access to someone's personal data - often in this case celebrities or well-known tech figures.One of these cases saw scammers compromise French footballer Kylian Mbappe's X account. Once they gained access, a link was posted to a nefarious memecoin which rose to a $460 million market cap before being rug pulled.There was also a case involving music artist Wiz Khalifa that targeted his 35.7 million followers on X. A fake WIZ token was promoted, rising to a $3.4...
OpenSea Denies Airdrop-Related Talk of Enforced Customer Identification
Non-fungible token (NFT) platform OpenSea denied reports that users claiming a potential airdrop will be forced to complete detailed identification, or know-your-customer (KYC), checks."This is all completely false," OpenSea CEO Devin Finzer wrote on X in response to a post that referred to the terms and conditions on the OpenSea Foundation website.The terms and conditions also said users would be restricted from using VPNs and users in the U.S. would not be able to claim. The page contained "boilerplate language" and was "on a test website for a short period of time," Finzer said.Speculation over an OpenSea airdrop has been swirling since December after it registered an entity named OpenSea Foundation in the Cayman Islands, coinciding with the release...