Author: Crypto News

Last updated: May 1, 2024 06:52 EDT | 2 min read The Central Bureau of Investigation (CBI) in India has launched a nationwide search operation as part of an ongoing investigation into an app-based crypto fraudulent investment scheme. The operation, spanning 30 locations across 10 states and Union Territories, aims to crack down on individuals and companies involved in the HPZ Token App scheme, according to a report from India Today.Per the report, the CBI’s searches targeted two private companies and their directors, who stand accused of misleading the public and enticing them to invest in a non-existent cryptocurrency mining machine rental scheme. During the raids, incriminating documents and crucial digital evidence…

Last updated: May 1, 2024 04:05 EDT | 1 min read Chirp Network has partnered with peaq to provide connectivity solutions for decentralized physical infrastructure networks (DePINs).According to a press release shared with Cryptonews.com, Chirp Network will integrate its telecommunications technology with peaq, the layer-1 blockchain for DePIN and machine real-world assets (RWAs).Chirp and peaq Collaborate to Enhance Device CommunicationChirp is developing a unified, multi-protocol decentralized connectivity network capable of facilitating data exchange across any supported protocol and any distance.Its network features “Blackbird” gateway devices, already operational in 33 countries, which would provide connectivity across various IoT channels such as…

Last updated: May 1, 2024 03:40 EDT | 2 min read Real-world asset (RWA) tokenization protocols have witnessed a remarkable surge over the past year, with the total value locked (TVL) in the sector reaching a new milestone. According to blockchain analytics and research firm Messari, the TVL for RWA protocols soared to nearly $8 billion by the end of April.The significant growth in the RWA sector can be attributed to the market’s increasing preference for high-yield, debt-based investments. The analytics firm noted that RWA protocols have experienced a remarkable resurgence, driven by this market demand.TVL in RWA Protocols Surge by 60% Since…

Last updated: May 1, 2024 03:38 EDT | 1 min read The Directorate of Enforcement (ED) of India, has seized a major crypto money laundering case connected to a gaming app. The authority also seized frozen crypto assets worth ₹90 crore ($10 million) in connection with the scam.Per the department’s press release on Tuesday, the frozen cryptos were kept in 70 accounts, linked to major crypto wallets Binance, ZebPay, and WazirX.“These crypto assets were subsequently taken into possession of ED and transferred into the crypto wallet of ED,” it added.The app – “E-Nugget” – masqueraded as a gaming platform, reportedly…

Last updated: May 1, 2024 02:44 EDT | 4 min read “One meme coin that covers all the niches” is a description rarely heard in relation to a meme asset. However, this is a facet that makes Baby Sinclair (CLAIR) a meme coin project that has gone live as a presale with its AI and voice-over avatar project.Imagine all the popular trends rolled up into one meme coin and then complement it with the most appealing utilities in the blockchain niche – that’s the essence of Baby Sinclair (CLAIR).Whether it’s the generative appeal of AI bringing the quirkiest ideas to…

Last updated: May 1, 2024 00:01 EDT | 1 min read The Bitcoin and Ethereum exchange-traded funds (ETFs) newly issued by China Asset Management Co. provide new investment channels for Chinese currency holders.In an interview with Bloomberg, China AMC CEO Yimei Li stated that these ETFs represent a significant milestone in making cryptocurrency investments more accessible to mainland Chinese investors.Chinese RMB Trading Counter for Potential Mainland InvestorsThough crypto trading is banned in mainland China, Li said that the official launch of the ETFs “opens the door for a lot of RMB holders.”Li also expressed her hope that there could be…

Last updated: April 30, 2024 23:28 EDT | 1 min read Roger Ver, an early investor in Bitcoin-related startups known as “Bitcoin Jesus”  has been arrested in Spain and charged with tax fraud.In an announcement, U.S. Department of Justice said an indictment that was unsealed charging Ver with mail fraud, tax evasion and filing false tax returns. The authorities said they have arrested Ver this weekend in Spain based on the U.S. criminal charges.US Authorities Applying to Extradite VerThe next steps will involve the U.S. applying to extradite Ver to stand trial in America. The authorities estimate Ver is alleged to…

Last updated: April 30, 2024 23:00 EDT | 1 min read The South Korean tech giants Naver and Kakao are set to finalize their blockchain merger plans with a token launch in June.According to Newsis, the token launch will take place in the UAE under the new brand name Kaia.Naver, Kakao Plan June Token LaunchKakao, the operator of the KakaoTalk chat app, is the driving force behind the Klaytn blockchain and its Klaytn (KLAY) token.KLAY prices over the past year. (Source: CoinMarketCap)Naver is South Korea’s answer to Google. It operates the Finschia (FNSA) token and blockchain protocol via its Line…

Last updated: April 30, 2024 21:03 EDT | 3 min read Traders turn to tools such as DEXScreener as they hunt for top crypto gainers today in the on-chain markets / Source: Cryptonews On a bearish day in the crypto market that was marred by a weak debut to spot Bitcoin and Ether ETFs in Hong Kong and data that reinforced expectations that the Fed will wait longer before cutting interest rates, traders looking for quick gains are flocking to on-chain shitcoin markets as they hunt for top crypto gainers today.The new crypto ETF launch in Hong Kong attracted only…

Last updated: April 30, 2024 19:30 EDT | 2 min read The Worldcoin operator Tools for Humanity is expanding its services in Mexico, the firm announced, in spite of lawmakers’ calls for a government probe into its iris-scanning drive.Per the media outlet Criptonoticias, the company said it had opened iris-scanning centers in the capital Mexico City, as well as Guadalajara and Monterrey.WLD prices over the past week. (Source: CoinGecko)Worldcoin Operator to Launch Mexico City Scanning CenterWorldcoin has nine regional centers in Mexico where staffers can collect citizens’ biometric data, making it the third-largest base for the project in the Latin…