Web3 - Crypto News And Market Updates

Illustration comparing Bitcoin’s network growth to early-stage Google adoption and exponential user expansion.

Fake Wallet App on Google Play Steals $70K in Crypto, Downloaded Over 10,000 Times

September 28, 2024 Gonzalo

A fake wallet app on Google Play, downloaded over 10,000 times, has stolen $70,000 in crypto. Learn how scammers used fake reviews to deceive users.

Digital custody illustration with a secure lock, representing SEC-focused discussions around crypto custody and asset protection.

Mango Markets Agrees to Destroy MNGO Tokens in SEC Settlement

September 28, 2024 Gonzalo

Mango Markets settles with the SEC, agreeing to destroy MNGO tokens, halt trading, and pay $700,000. The future of Mango DAO remains uncertain.

Illustration representing the European Parliament passing MiCA crypto regulation, featuring EU symbols and digital asset oversight themes.

Hong Kong OTC Crypto Derivatives Market to Align with EU Standards

September 27, 2024 Gonzalo

Hong Kong will adopt EU-like standards for OTC crypto derivatives reporting by September 2025, ensuring global compliance and market transparency.

FBI Accuses Crypto Exec of Paying LA Cops to Extort Victim’s Digital Assets

September 27, 2024 Gonzalo

FBI accuses crypto exec Adam Iza of bribing LA deputies to extort digital assets from a business associate, using police data and dubious search warrants.

South Korea themed crypto illustration with national symbols and digital charts, representing crypto market developments and regulation in South Korea.

Paycoin to End Wallet Services in South Korea Amid Regulatory Challenges

September 27, 2024 Gonzalo

Paycoin to end wallet services in South Korea by 2025, citing regulatory hurdles. Global expansion prioritized. Withdrawals allowed until April 2025.

Illustration depicting Ethereum Foundation’s Devcon 8 event in Mumbai and the global developer community.

Genesis Creditor Liquidates 12,100 ETH Amid Major Sell-Off

September 26, 2024 Gonzalo

Genesis creditor sold 12,100 ETH, worth $31.43M, after receiving a massive repayment. This liquidation may impact the Ethereum market.

Bitcoin price chart showing sideways movement, representing market consolidation and analysis of Bitcoin trading ranges.

Dubai’s VARA Updates Marketing Regulations and Issues New Guidance for VASPs

September 26, 2024 Gonzalo

Dubai’s VARA updates marketing regulations for VASPs, effective October 1, to prevent misleading information and ensure transparent consumer communication.

Visa-powered stablecoin infrastructure illustration showing digital payments, blockchain settlement, and global financial connectivity.

Visa Creates Platform to Aid Banks in Issuing Fiat-Backed Tokens

September 25, 2024 Gonzalo

Visa’s new platform aids banks in issuing fiat-backed tokens, bridging traditional finance with blockchain technology for modernized transactions.

Illustration showing Binance exchange visuals with market data overlays, representing projected crypto listings and market analysis for 2025.

Binance and Tokocrypto Collaborate with Indonesian Authorities to Combat Crypto Fraud

September 24, 2024 Gonzalo

Binance and Tokocrypto partnered with Indonesian authorities to combat crypto fraud, resulting in multiple arrests and the seizure of $200,000 in funds.

Global crypto market overview illustration with digital assets and world map, representing the broader state of the cryptocurrency market.

Upbit to Store User Data on AWS Servers Starting October 1

September 24, 2024 Gonzalo

Upbit to store user data on US-based AWS servers from October 1, raising concerns over privacy under the CLOUD Act. Changes aim for service reliability.