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2022-06-03 16:44:02 Binance Labs, the venture capital arm of the leading crypto exchange, has announced the launch of a new fund that will focus its action on Web3 and blockchain technologies. The fund, which will launch with $500 million in capital, will invest in companies that take cryptocurrencies and extend their use cases using Web3 and other technologies.

Binance Labs to Invest $500M in Web3 and Blockchain Startups
Binance Labs, the investment and VC organization of the cryptocurrency exchange, has announced a new round of investments seeking to diversify its investment portfolio. The capital arm of the company has announced it is launching an investment fund to focus on the blockchain and...

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2022-06-03 14:35:50 Bitcoin was once again trading above $30,000, as markets were anticipating the release of May’s non-farm payrolls report. Whilst BTC was back in the green, ETH continued to trade lower, and as of writing is below $1,800.

Bitcoin
Following a drop in price on Thursday, BTC was back in the green on Friday, as traders were preparing for the release of the non-farm payrolls report.

After adding 428,000 jobs in April, markets are expecting 325,000 jobs to be added to the U.S. economy in May.

The speculation on what this number will mean for the market has helped BTC today, with prices rising to an intraday pe...

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2022-06-03 14:35:47 Calls have been issued in Armenia for the central bank to do its job and put the country’s crypto space in order. Both government regulators and representatives of the financial sector insist that the industry needs regulation to prevent the use of cryptocurrencies for illicit purposes.

Bankers and Tax Officials in Armenia Call for Crypto Regulations
The State Revenue Committee (SRC), a regulatory body responsible for tax and customs services in Armenia, has turned to the Central Bank of Armenia (CBA), urging the monetary authority to ensure the country’s crypto market is regulated. Speaking in the Armenian parliament, the head of the agency, Rustam Badasyan, elaborated:

Without regulating this area, we allow shady transactions to be made an...

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2022-06-03 11:56:07 The legal representative of victims of the Onecoin bitcoin scam operation, Jonathan Levy, has accused the Bulgarian prosecutor of deliberately failing to take action against Onecoin. The lawyer said due to the prosecutor’s inaction, more victims are losing millions of dollars to the fraudsters.

Prosecutor Refusing to Take Action Against Ruja Ignatova’s Mother
A lawyer representing victims of the Onecoin bitcoin Ponzi scheme, Jonathan Levy, has suggested that the criminal scheme’s masterminds may be getting protection from the Bulgarian chief prosecutor, Ivan Geshev. In an open letter addressed to Yuliya Kovacheva, Bulgaria’s deputy minister of justice, the lawyer claimed Geshev’s inaction has allowed Onecoin to defraud new victims of millions of dollars.

According to Levy, the prosecutor has failed to act against t...

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2022-06-03 11:56:04 Sunacrip, the Venezuelan cryptocurrency watchdog, has issued a new internal providence that defines the guidelines it will follow in dealing with reports of suspicious activity related to fintech platforms. The document describes that the use of unauthorized platforms might constitute a suspicious activity, which could ostensibly lead to penalties of $15,000 for its customers.

Sunacrip Publishes Internal Providence on Fintech Activities
Sunacrip, the Venezuelan cryptocurrency watchdog, is seeking to have better control of the movements that Venezuelans make using cryptocurrencies and other assets using fintech platforms. The organization issued a new providence that establishes the mechanism to deal with suspicious activities, includ...

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2022-06-03 09:58:07 On Thursday, Warner Bros. announced it was collaborating with the non-fungible token (NFT) focused social media platform Nifty’s and at the end of June, the two firms will launch a story-driven NFT collection called “Looney Tunes: What’s Up Block?” The upcoming NFTs will tell a unique Looney Tunes storyline and will also celebrate the character Tweety’s 80th anniversary.

Looney Tunes: What’s Up Block?
A unique Looney Tunes-based blockchain program will leverage non-fungible tokens (NFTs) to tell a story, according to the American film and entertainment company Warner Bros. and the NFT-centric social media firm Nifty’s. Warner Bros. says that it is collaborating with Nifty’s again in order to release an NFT compilation called “Looney Tunes: What’s Up Block?” Accor...

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2022-06-03 08:12:07 Just weeks after launching its cryptocurrency trading platform, online brokerage Firstrade Securities has already begun expanding its available crypto listings. The most recent additions to the tradeable crypto coins on Firstrade are ENJ (Enjin), Maker (MKR), Bancor Network Token (BNT) and Compound (COMP). The latest 4 coins now make a total of 41 available cryptocurrencies on the Firstrade crypto platform.

Enjin (ENJ) is a decentralized network on Ethereum which enables Developers to create and manage digital assets like NFTs, for game developments. The Maker (MKR) is a decentralized network, also on the Ethereum network, which primarily functions as a governance token for MakerDAO and as a fully functioning DeFi ec...

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2022-06-03 08:12:06 Former Monero lead maintainer, Riccardo Spagni, faces over 370 counts of fraud, forgery, and uttering. The charges against the developer stem from fraudulent activities he allegedly committed when he was still employed by Cape Cookies.

Fluffypony Pleads Not Guilty
The so-called crypto mogul and former Monero lead developer, Riccardo Spagni, has been charged with 378 counts of fraud by the South African government, a report has said. The charges follow allegations that Spagni defrauded his former employer of more than $93,500 (R1,453,561). The crimes are alleged to have taken place between October 2009 and June 2011.

As previously reported by Bitcoin.com News, Spagni was arrested in Tennessee...

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2022-06-03 06:39:21 New York Attorney General Letitia James has issued a warning about investing in cryptocurrency. She said the crypto market is “extremely unpredictable” and “unstable,” noting that the market “reached record lows” last month.

NY Attorney General Warns About Cryptocurrency
New York Attorney General Letitia James issued a warning about investing in cryptocurrencies Thursday. The official Twitter account of the New York Attorney General’s Office tweeted:

The cryptocurrency market is extremely unpredictable. Just last month, the market reached record lows and investors lost hundreds of billions.

James added: “New Yorkers should be cautious and think twice before putting their hard-earned money into this unstable market.”

Last year, James...

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2022-06-03 04:40:10 Venture capitalist Tim Draper has doubled down on his bitcoin price prediction of $250,000 by the end of this year or early next year. However, he explained why he expects the price of the cryptocurrency to soar past his estimate.

Tim Draper’s Bitcoin Price Prediction
Venture capitalist Tim Draper has doubled down on his $250K bitcoin price prediction. In a recent interview with Scott Melker, aka the Wolf of All Streets, Draper was asked if he still believes the price of bitcoin would reach $250K this year. He replied:

Yeah, by the end of this year or early next year.

Draper further explained why he believes the price of...

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