Crypto News
FBI Recovers $5 Million From Pig Butchering Crypto Scam
Authorities in North Carolina have seized nearly $5 million in cryptocurrency linked to an investment fraud scheme. The scheme, known as “pig butchering,” involved criminals creating fake romantic relationships to deceive victims into investing in fraudulent cryptocurrency platforms. Victims lost their life savings, with one losing an entire retirement account. $5 Million in Cryptocurrency SeizedSource link
Jane Handcock to Release NFT EP ‘A Few Sappy Songs’ on Gala Music
R & B Hip-hop artist Jane Handcock is set to release her new NFT EP 'A Few Sappy Songs' on Gala Music, featuring five exclusive tracks. (Read More)Source link
R.I.P. Unhosted Wallet Rule
In 2020, the Financial Crimes Enforcement Network proposed imposing know-your-customer requirements on unhosted wallets, drawing immense backlash from the crypto industry. This week, the Treasury Department formally withdrew the proposal.Source link
Exploring DeFi on Sui: A Comprehensive Guide
Discover the unique features and applications of Sui's DeFi ecosystem, including borrow and lending protocols, DEXes, and NFT marketplaces. (Read More)Source link
Tim Draper Leads $2.5 Million Funding Round for Ark Labs to Advance Bitcoin Payment Solutions
Ark Labs has secured $2.5 million in pre-seed funding led by Tim Draper, aimed at advancing the Ark protocol for simplifying bitcoin payments. This funding will help Ark Labs enhance their user-friendly, non-custodial payment system, making bitcoin more accessible for global commerce. Ark Labs Raises $2.5M to Simplify Bitcoin Payments Ark Labs announced on ThursdaySource link