North Van Mounties warning of blackmail, Bitcoin extortion scam
After receiving four reports in two days, Mounties in North Vancouver are putting out a public warning about an ongoing extortion scam in the region. The North Vancouver RCMP explains that the perpetrators contact the victims, claiming to have acquired...
RCMP across Metro Vancouver warn of Bitcoin extortion scheme
Several RCMP detachments across Metro Vancouver are warning about a Bitcoin extortion scam. Police say scammers are claiming to have compromising photos of victims and threatening to share them with loved ones unless they receive a payment. Surrey RCMP said in a Friday press...
You should never send money to people you’ve never met: Richmond RCMP
The Richmond RCMP is out with a reminder: you should never send money or financial information to someone you haven’t met, even if you’ve been getting to know them online. It comes after Mounties say there’s been a big spike...
B.C. Securities Commission finds $13M in fraud by crypto trading platform
A panel of the British Columbia Securities Commission has found a cryptocurrency trading platform and its owner lied to customers and diverted about $13 million in assets to gambling and personal accounts. The commission says the company operating under the...
Consensys Cuts 20% Workforce, Blames SEC’s ‘Abuse Of Power’
The main supporter of the Ethereum network has been in an ongoing battle with the Securities and Exchange Commission who most recently alleged the company of operating as an unregistered broker. Consensys, one of the main supporters of the Ethereum...
Coinbase Revenue May be Hurt by Lower Trading Volumes, Regulatory Uncertainty, Analysts Say
Wall Street analysts expect a further slowdown in spot trading volume for Coinbase (COIN) in the third quarter, partly triggered by a lack of catalysts for crypto and an uncertain regulatory environment heading into the presidential election. The crypto exchange,...
Here Are 3 Reasons Why Bitcoin Open Interest Set Record Highs as BTC Price Surge...
Bitcoin (BTC)-tracked futures set a record high open interest (OI) in U.S. dollar terms early Tuesday as the asset broke past $71,000 for the first time since June, data shows. BTC futures recorded their biggest one-day jump in OI since June...
Kraken Picked Optimism’s ‘Superchain’ After Getting a Pile of OP Tokens
CoinDesk is first to report that the crypto exchange Kraken’s decision to build on Optimism’s OP Stack framework came with a big, previously undisclosed grant from the Optimism Foundation – of 25 million OP tokens, worth about $42.5 million at...
Crypto Ghosted in U.S. Treasury Department’s New Strategy on Financial Inclusion
The U.S. Treasury Department has a new strategy for financial inclusion to help people get access to the financial system, but the 35-page report references cryptocurrency only once – to tout Treasury’s work on flagging the industry’s hazards. While Vice President Kamala...
Bitcoin ETFs Record $870M Inflows as BTC Flirts With Lifetime Highs
Spot bitcoin exchange-traded funds (ETFs) listed in the U.S. recorded over $870 million in net inflows on Tuesday, the third-highest such figures since the products first went live in January. Bitcoin Price Breaks $71K: Can BTC Withstand Political Narratives? 04:10...
