Skip to main content

Binance Convinces DeFi Scammer To Return Funds + More News

 



Exchanges news

  • Binance announced that its Security team helped recover 99.9% of an estimated USD 345,000 worth of funds stolen as the result of an exit scam conducted by an automated market maker Wine Swap. On October 13, Wine Swap launched on Binance Smart Chain, and within an hour it had 'pulled the rug.' Binance said that the day after they identified the scammer and made contact with them - the scammer agreed to return the funds to avoid "impending consequences," and then the recovery process began.
  • Bithumb and a subsidiary of the commercial banking giant Woori are set to create an automatic crypto tax returns platform, reported ZDNet Korea. The deal will involve Woori’s Woori Fund Services, a company that deals with asset management services, as well as Bithumb Custody, the recently established Bithumb crypto custody arm. The parties said their solution will allow crypto traders to automatically calculate and file their tax returns. As of October 2021, crypto enthusiasts in the nation will need to pay 20% tax on their trading profits if they earn over USD 2,100
  • Telegram will pay legal costs to an American crypto firm named Lantah over the use of the Gram trademark – in the wake of the chat app giant’s aborted attempts to launch a crypto token of the same name. Per legal documents from an American District Court, Telegram will need to pay legal costs of almost USD 625,000 to Lantah after the former dropped its two-year-long trademark infringement and unfair competition lawsuit. Lantah claimed it registered an application with the American patents office back in 2017, but Telegram had disputed the claim.

Investments news

  • Decentralized oracle platform Razor Network has raised a total of USD 3.7m in their seed and private sales round, they said in an emailed press release. The funding rounds were led by major investors in the blockchain world, including NGC Ventures and Alameda Research among others.
  • The Vision Hill Composite Index, which shows the performance of crypto hedge fund strategies, was down nearly 5.6% in September, after a strong summer of positive returns, as the Vision Hill Group stated. The digital asset management firm said that "year to date through September, the Vision Hill Crypto HF Composite Index, composed of all eligible actively-managed crypto hedge funds, continues to outperform bitcoin (+114.3% vs. +50.0%)."

Blockchain news

  • Dongguan, a city in China’s Guangdong Province, is set to expand the scope of its citywide blockchain technology-powered administrative platform, per TimeDG. The Dongguan branch of the State Administration of Foreign Exchange, China’s foreign exchange market regulator, has approved the Dongguan branch of the state-run China Construction Bank (CCB)’s move to introduce paperless tax filing processes for cross-border trade financing deals on the platform. The CCB is one of China’s big four commercial banks, and is also involved in the central bank’s digital yuan project.
Source: cryptonews.com

Comments

Post a Comment

Contact us

Name

Email *

Message *

Popular posts from this blog

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry.  The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling.  Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk ab...
Post a Comment
Read more

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

  Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move  does not seem to be going over well  with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a  FAQ provided by Coinbase , for Canadian users, ...
Post a Comment
Read more

Farm GRASS earn MONEY

  Use your Unused Internet Bandwidth to make $$$ In today’s interconnected world, the concept of passive income has taken on new dimensions, offering innovative ways for individuals to monetize underutilized assets.  One such groundbreaking avenue involves earning money by selling your unused internet connection.  By participating in decentralized networks like Grass, individuals have the opportunity to turn their dormant bandwidth into a valuable asset, contributing to a fairer and more equitable digital landscape while generating income. Grass is a decentralized network sharing application designed to offer an alternative to existing centralized networks.  It allows users to sell their unused bandwidth directly, without the need for exploitative middlemen.  The platform operates by enabling users to download a web extension that runs in the background, assisting others in accessing public web data in exchange for payment using the protocol’s native token. How ...
Post a Comment
Read more