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According to a report by blockchain security firm ScamSniffer, the crypto landscape witnessed another wave of phishing scams in November, resulting in a total loss of $9.38 million and impacting over 9,200 victims. Although the total amount stolen marked a 53% decline from October’s staggering $20.2 million. The report highlighted one particularly devastating incident in…

Cambodia has blocked access to 16 cryptocurrency exchange websites, including major platforms like Binance, Coinbase, and OKX, as part of its ongoing effort to regulate the digital asset market. The move was confirmed by a spokesperson for the Telecommunication Regulator of Cambodia (TRC), which oversees the country’s telecommunications sector, according to a report from Nikkei…

Norway’s sovereign wealth fund’s ethics watchdog will reportedly launch an investigation next year into companies in the fund’s portfolio, including those in the crypto sector, for potential ethical breaches. If concerns are confirmed, the fund may choose to divest from these entities. Reuters reported Monday that the Council on Ethics for the fund will review…

Jorge Tenreiro, formerly acting head of the SEC’s crypto and cybersecurity oversight division, has taken on the role of chief litigation counsel, broadening his responsibilities. His LinkedIn profile has been updated to include his new role. This promotion comes at a critical moment, just as a more crypto-friendly administration prepares to take office next month,…

Sonic Labs has announced the impending public launch of its layer-1 blockchain, Sonic, following the successful completion of its Genesis milestone, marking the creation of the blockchain’s first block. “Genesis achieved. Block zero. Infrastructure deploying. Public soon,” the firm said in a December 2 announcement on X. Sonic is an Ethereum Virtual Machine (EVM)-compatible blockchain…

Coinbase CEO Brian Armstrong warned Tuesday that the exchange will cut ties with law firms connected to officials involved in “bad deeds” under the Biden administration. In a post on X, Armstrong noted that some senior law firm partners are unaware of the crypto community’s anger over the administration’s actions. He warned that if these…

Several major companies recently invested heavily in Bitcoin despite a price dip, raising questions about the cryptocurrency’s potential to reach $100k by December. These big investments across various sectors signal continued institutional interest in Bitcoin, even as market volatility persists. From software intelligence firms to educational platforms, the influx of capital into the Bitcoin market…

Crypto-related stocks rose again in South Korea after lawmakers agreed to delay the launch of crypto tax in the nation by a further two years. After weeks of bitter standoffs, the National Assembly has finally agreed to vote in favor of a government-proposed bill that will see crypto tax launch in 2027, rather than January…

Enron, The Kenneth Lay-founded failed energy corporation, announced its plans to relaunch while hinting at decentralized technology during an apparent parody stunt that shook up social media on Monday. Decentralized Technology Mentioned By Enron Corporation Stunt According to a December 2 press release, the parody claims that the once-bankrupt organization will begin a “new chapter”…

Nike-owned digital fashion and web3 studio RTFKT announced plans on December 2 to wind down operations. According to an announcement shared on RTFKT’s social media channels, its Web3 services will cease by the end of January 2025. The company cited a transition to preserving its legacy through an updated website showcasing its previous projects. RTFKT…