Elon Musk rolled out the paid verification model on X, earlier known as “Twitter Blue,” to fight the scammers and spammers thriving on the platform before his takeover.
Arijit Sarkar
Arijit Sarkar is an editor at Cointelegraph who likes analyzing on-chain data across the crypto ecosystem. Bitcoin, Ethereum and NFTs are his primary interests when it comes to reporting news. He also enjoys interviewing industry leaders to discuss and gain insights on niche crypto development.
Elon Musk offers users free premium features on X, crypto scammers included Munchables hacker returns $62.8M Ether without ransom On March 27, 4:40 am UTC, Munchables identified the hacker as one of its developers. An hour of negotiations led to the former developer agreeing to return the hacked funds.
South Korean police catch $4.1M crypto scam duo Scammers falsely guaranteed 70% profits on an investment of 1 billion South Korean won within a month and stole 5.5 billion won in six different transactions.
Hong Kong’s fight against fake crypto exchanges continues The Securities and Futures Commission of Hong Kong issued a warning against HKCEXP, which it claims lured investors by falsely claiming to be an “SFC-registered business.”
Binance follows Circle and drops USDC support on Tron Crypto investors using Binance have been given 12 days to either convert, transfer or cash out their TRC-20 USDC tokens from Binance.
HECO Chain exploiter anonymizes $145M of Ether on Tornado Cash in 8 days In its largest transaction, the HECO Chain exploiter sent 11,300 ETH worth roughly $39.5 million in one transfer.
Aussie corporate regulator to build ‘outcome-based’ crypto policies ASIC Commissioner Alan Kirkland highlighted the need to solve the “regulatory trilemma” when it comes to financial innovations, such as consumer protection, market integrity and encouraging financial innovation.
Layerswap overrides website hack that drained $100K According to Layerswap, domain registrar GoDaddy’s sluggish intervention allowed the hacker to retain longer control of the domain.
ParaSwap evades hack targeting Augustus v6 contract vulnerability ParaSwap paused the v6 API soon after discovering the vulnerability and secured the potential victims’ funds through a white hat intervention. Plans to reimburse potential victims are underway.
BitMEX whale tanks Bitcoin price to $8.9K during BTC sell-off An unknown entity sold over 400 BTC in a short period of time on the BitMEX BTC/USDT spot market; BitMEX began investigating the situation internally.
Coti launches $10M rewards program to support v2 token rollout In addition to the existing Coti tokenholders, the eligibility for airdrop rewards has been automatically extended to all treasury participants.
IMF wants Pakistan to tax crypto gains to pay for $3B bailout The International Monetary Fund also recommended Pakistan introduce stricter laws on collecting capital gains from real estate title transfers.
All aboard as Indian Railways rolls out NFT train tickets The Indian Railway Catering and Tourism Corporation will provide train tickets in the form of NFTs to the passengers of two newly launched semi-high-speed trains.
SEC busts CryptoFX for running $300M Ponzi scheme According to the SEC, CryptoFX allegedly targeted crypto investors from the Latino community across 10 U.S. states and two foreign countries.
IMF guides Andorra to record and monitor Bitcoin transactions The landlocked country of Andorra sought technical assistance from the International Monetary Fund on various topics, including effectively monitoring crypto assets.
Elon Musk: Dogecoin will be used to buy Teslas ’at some point’ Musk started advocating for Dogecoin after receiving requests from Tesla factory employees and SpaceX visitors to include the memecoin as an official mode of payment.
India plans faster stock settlements to slow down crypto migration The Indian stock market has been operating on a T+1 settlement cycle since 2021, which implies that all stock trades are settled the following day.
New record: Bitcoin ETFs hit $1B in daily inflow As a direct result of the massive inflows into the BTC ETFs and a supporting bull run, the daily inflows of capital being stored by the Bitcoin network just hit $2 billion per day, marking yet another milestone for the ecosystem.
India earmarks $1.25B to boost growth of AI Through the IndiaAI Mission, India aims to democratize access to computing power and support nationwide AI development.
AI tokens are more hype than value right now, says Coinbase analyst While some crypto-AI tokens continue to deliver profitable trades, the long-term sustainability of the ecosystem will require more than just decentralizing AI components.
Generative AI teacher lands job in Indian high school The new-age high school humanoid teacher is equipped with an Intel processor and a dedicated coprocessor to provide personalized learning experiences to students.
Hut 8 stock crash attracts multiple lawsuits While some lawsuits cater to individuals who suffer losses, others claim that all shareholders who purchased stocks during the timeframe are entitled to compensation.
India hosts 8M gov’t docs across 5 blockchains India primarily makes use of three blockchain platforms for the development of the products — Hyperledger Fabric, Hyperledger Sawtooth and Ethereum.
BlackRock’s iShares ETF records $788M net inflows as Bitcoin bull run gathers pace Of the 10 approved ETFs, the Grayscale Bitcoin Trust and Invesco Galaxy Bitcoin ETF were the only two to record net outflows of $332.5 million and $14.2 million, respectively, on March 5.
Lotte subsidiary partners with Aptos to build Web3 hub The partnership is aimed at creating a Web3 hub for Lotte, a South Korean multinational conglomerate corporation that oversees roughly 90 business units.
Virginia passes crypto-friendly bill to foster blockchain expansion U.S. Virginia Senate Bill No. 339, which aims to create a work group dedicated to studying cryptocurrencies, blockchain and crypto mining, received majority support from the Senate.
Nokia targets ‘broader potential of metaverse’ in 2030 strategy Nokia’s Technology Strategy 2030 report revealed the company’s plans to invest heavily in its network equipment and services portfolio over the coming years.
Hong Kong ends license application drive for crypto exchanges All crypto exchanges and trading platforms that have failed to file for license applications with the regulator by Feb. 29 must wind up their business in Hong Kong by May 31.
Spot Bitcoin ETFs record new ATH of $680M as BTC bull run gathers pace The iShares Bitcoin Trust recorded the highest daily inflows on Feb. 28 at $612.1 million, supported by the Fidelity Wise Origin Bitcoin Fund and the ARK 21Shares Bitcoin ETF.
Amazon denies using AI voice in Road House remake Road House scriptwriter Lance Hill sued Amazon Studios for alleged misuse of AI and copyright infringement during the movie’s upcoming remake.