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Central and South Asia and Oceania contributed $750 billion to global crypto assets from July 2023 to July 2024, with India leading global crypto adoption 🌏
Seven countries from Central and South Asia and Oceania are in the top 20 for crypto adoption. The region contributed $750 billion to the global crypto economy from July 2023 to July 2024, becoming the third largest after North America and Western Europe.According to Chainalysis, crypto activity in CSAAO is supported by centralized exchanges and institutional activity. India leads in global crypto adoption despite strict local regulations, using foreign exchanges for operations.
TON Foundation announces partnership with Axelar to integrate Axelar Modular Decentralized Stack (MDS) and simplify cross-chain asset transfers between blockchains for Telegram users 📲
The TON Foundation has announced a partnership with Axelar to improve TON's compatibility with other blockchains and facilitate cross-chain asset transfers. This solution aims to develop decentralized applications (dApps) across various networks.The primary goal is to integrate Axelar Modular Decentralized Stack (MDS), which will provide secure and efficient asset transfers between blockchains. As a result, developers will be able to create applications that work on different blockchains, improving user interaction with the TON network and reducing liquidity fragmentation.Moreover, Axelar Interchain Token Service will play an important role in simplifying operations between blockchains, enhancing the network’s efficiency. The solution was chosen due to its ease of integration for developers.This step will also help solve the current limitations of TON, related to the lack of a reliable interoperability protocol, which previously restricted its potential in the decentralized finance (DeFi) space and dApp development.
Users lost $1.6 million due to a fake Rabby Wallet scam in the App Store: investigation links the fraud to the Konpyl wallet and DeFi services 🔍💰
Users lost about $1.6 million due to a fake crypto wallet that passed verification in the Apple Store in February. The app, disguised as Rabby Wallet from DeBank, was in the App Store for four days before being removed.One of the victims noted that they completely trusted Apple and did not expect fraud. Within 20–30 minutes of using the fake wallet, their balance was almost zero.X Bthemouth was the first to report the loss of funds, which were transferred to the fraudulent Rabby Drainer wallet. Blockchain analysis linked this wallet to another previously identified as Konpyl on OpenSea. This fraudster has been active for about seven years, covering their tracks using DeFi services and spreading funds across different wallets.The investigation confirms the connection of the Konpyl wallet to several major fraudulent operations.
Kraken has opened the possibility of re-staking Ethereum (ETH) for clients outside the US using the EigenLayer protocol, offering additional rewards 🎉
The cryptocurrency exchange Kraken has launched an ETH re-staking feature for clients outside the US. This feature is implemented through the decentralized finance protocol EigenLayer and allows users to earn additional rewards from previously staked assets.Re-staking has become popular since the beginning of 2024. Users outside the US can now take advantage of this feature on Kraken, increasing income through blockchain technologies. The operations will be verified by Staked, a subsidiary of EigenLayer protocol operator.After integrating with EigenLayer in October, Kraken enhanced the security of projects and provided additional rewards for its clients.
HMSTR token from the Tap to Earn game lost 52% of its value, falling from $0.0118 USDT to $0.004226 USDT, despite the success of the Telegram mini-game with 300 million users 📉
Dryden Brown launches "Praxis" project, raising $525 million to create a new city-state focused on cryptocurrency 💰🌆
Africa on the Path to Web3: 66% of the population is aware of cryptocurrencies, blockchain companies attracted $34.7 million in the first half of 2024, stimulating the growth of cross-border payments and technology adoption 🌐💸
Dubai International Financial Centre (DIFC) launches Digital Assets Will service supporting ETH, BTC, MATIC, USDC, USDT, and HBAR on Hedera blockchain 📈🌐
Scammers on X disguise themselves as World Liberty Financial (WLFI), spreading fake links and misleading thousands of users 💼
Italy will increase the capital gains tax on Bitcoin and cryptocurrencies to 42% in 2025, instead of the current 26% 💼
The US Prosecutor's Office demands 5 years in prison for Ilya Lichtenstein for a $6 billion cyber heist from Bitfinex, while his wife Heather Morgan will get 18 months for laundering the stolen funds 💰
Liquid Staking Module from Cosmos Hub raised serious security concerns after reports of participation by North Korean developers 🚨
Tesla transferred 11,500 Bitcoin worth $765 million to unknown wallets, without disclosing the purpose of the transactions 💸
Tesla has transferred its entire Bitcoin reserve worth more than $765 million to several unknown wallets. On October 15, the company made 26 transactions, including test transfers, moving 11,500 BTC, according to Arkham Intelligence. The first test transfer took place at 20:41 UTC, and at this point, the wallet holds only $6.68 in BTC.Until this moment, Tesla's wallet had been inactive since June 2022. There are no signs that the Bitcoin was sent to exchanges, and the company has not disclosed its plans for selling the cryptocurrency.
Allbridge integrated USD Tether (USDT) into Solana, increasing the stablecoin's liquidity on the blockchain with 0.63% of the total supply and simplifying cross-chain transfers via EVM 🌐
Allbridge announced the integration of USDT into the Solana network, which will enhance cross-chain interaction between Solana and EVM-based blockchains. This will increase USDT liquidity in Solana, where currently only 0.63% of the total supply is held.The integration will simplify USDT transfers from EVM to Solana, improving the user experience, especially for beginners. The "Extra Gas" feature will help easily fund SOL wallets for more convenient use of the ecosystem.This move supports the growing demand for stablecoin interoperability, such as USDT, which already operates on more than ten blockchains, including Tron and Ethereum.
Google restored the display of Bitcoin, Ethereum, and other cryptocurrency prices in search results after an unexpected removal 🔥
Google restored the display of Bitcoin prices and other cryptocurrencies in search resultsGoogle is once again showing real-time prices for Bitcoin and other cryptocurrencies in search results after a brief disappearance. Previously, the charts were moved to Google Finance, which sparked dissatisfaction within the crypto community.Now, users can once again enter queries like "Bitcoin price" or "Ethereum price" to see updated charts directly in the search results. This change allows quick access to important cryptocurrency information in a dynamic market.The return of the charts has been met with positive feedback, but questions remain as to whether this was a glitch or a deliberate move.
Stellar (XLM) and Mastercard join forces to implement Crypto Credential and enhance blockchain transaction security 🌐
Stellar (XLM) has announced a partnership with Mastercard to introduce verified interactions on its blockchain network.At the Meridian 2024 conference, the Stellar Development Foundation revealed its collaboration with Mastercard to integrate their crypto identification solution into the Stellar ecosystem.The partnership aims to ensure safe and regulated transactions, such as international remittances and P2P transactions, supported by crypto wallets including Mercado Bitcoin and Wirex.Denelle Dixon, head of the Stellar Development Foundation, stated that this will improve accessibility and security of blockchain technology. Raj Dhamodharan from Mastercard noted that the partnership contributes to the creation of a safer and simpler digital asset ecosystem.
Best news of the last 10 days
Google accidentally promoted a fake Unichain website that stole users' cryptocurrency via MetaMask and ads, posing a threat to funds on Ethereum Layer 2 🌐
Ripple launches RLUSD stablecoin on XRP Ledger and Ethereum with a 1:1 peg to the US dollar and regular audits 💵
TD Bank fined over $3 billion for transfers exceeding $1 billion related to cryptocurrency platforms in the UK and Colombia 💸
The ruble is rapidly falling to the 100 per US dollar mark and losing 11% against the yuan amid weakening currency control and sanctions 📉
Former Philippine Mayor Alice Guo involved in the embezzlement of millions through Atom Asset Exchange (AAX) and charged with human trafficking and running illegal gambling businesses 🎰
Former Philippine mayor Alice Guo has been linked to the bankrupt Atom Asset Exchange (AAX), which in 2022 stole millions of clients' cryptocurrency assets. Guo is facing trial for charges of human trafficking and fraud. The investigation also uncovered her connections to illegal gambling, human trafficking, and possible Chinese espionage.In March, Guo was implicated in a financial slavery operation where around a thousand workers, many of whom were victims of human trafficking, were used in illegal gambling and cryptocurrency schemes.Guo's partner, Huang Zhiyang, is also associated with the fraudulent company Sun Valley Clark Hub Corporation, which engaged in cryptocurrency scams and human trafficking.AAX, founded by Su Wei Yi, closed after being accused of embezzling up to $30 million in client funds. Guo and her partners are charged with money laundering, human trafficking, and illegal gambling operations.
On November 14, Malta will host the third ftNFT YoCerebrum Awards ceremony: participants will compete for 2024 Fasttokens (FTN) in 15 categories 🎨🌐
On November 14, Malta will host the third ftNFT YoCerebrum Awards, celebrating the best achievements in the world of NFTs. The event will bring together artists and enthusiasts for awards in 15 categories. Applications are accepted until October 31, and blockchain voting will take place from November 1 to 5. Winners will be announced at the ceremony in Fort Manoel on Manoel Island, and they will receive 2024 Fasttokens (FTN).Categories include: NFT Project of the Year, Best Phygital Exhibition, NFT Rising Star, Innovative Collection, Best Web 3.0 Media, and more.Join this event where art and technology merge, creating a unique atmosphere.
Binance and Delhi Police Expose Over $100,000 Fraud in Tether, Linked to Fake Solar Energy Development Projects in India 🌞
The cryptocurrency exchange Binance and the Delhi Police have uncovered a fraudulent scheme called "M/s Goldcoat Solar," involving false claims of supporting India's renewable energy initiatives. As a result of the arrests, more than $100,000 in Tether was seized.The scammers claimed they had rights from the Ministry of Energy to develop solar energy in the country, promising investors high returns. The scheme was spread through social media, where the fraudsters posed as officials. Fake income reports and SIM cards registered to unsuspecting individuals were used. Binance assisted the police by providing analytical support to trace transactions.
French courts have seized assets worth over 70 million euros ($76 million) belonging to Russian businessmen in a case of alleged money laundering 🎯
French courts have seized assets worth over 70 million euros ($76 million) belonging to two businessmen of Russian origin as part of an investigation into alleged money laundering, sources close to the case reported.Following an investigation launched in March, the courts sanctioned the seizure of real estate on the French Riviera, including villas in Saint-Raphaël and Grimaud. The investigation revealed strong suspicions of concealing the origin of funds used to purchase these properties.According to sources, the seized property belongs to businessmen Ruslan Goryukhin and Mikhail Opengheim. Both hold Cypriot passports.France has already frozen Russian assets worth billions of euros since Russia's invasion of Ukraine in 2022.