Telegram’s financials: It’s a loss-making company (which holds a lot of crypto)
The financials, filed in the British Virgin Islands, show revenue of only $342 million and a net loss of $259 million in 2023.
Telegram Faces Deepfake Pornography Probe in South Korea
South Korean authorities have launched a preliminary investigation into Telegram, just days after the high-profile arrest of the messaging app’s founder, Pavel Durov, in France. Local news agency Yonhap reported that the Seoul Metropolitan Police Agency has initiated an internal examination of Telegram's corporate entity, focusing on allegations that the platform may have been involved in "abetting" the spread of deepfake pornography. Woo Jong-soo, who heads South Korea's National Office of Inve...
WazirX Hacker Moves $6.5 Million Worth ETH To Tornado Cash as Tension Grows
Investors are growing restless as the hacker behind the WazirX breach has started funneling millions of dollars in user assets through Tornado Cash following the Indian exchange's $230 million exploit on July 18. Early Tuesday morning, the exploiter initiated the transfer of 2,600 ETH, valued at $6.5 million, to the sanctioned mixer Tornado Cash, according to blockchain security firm PeckShield. In August 2022, the U.S. Treasury Department sanctioned Tornado Cash, claiming it “has been used to...
Fake Ukrainian Cops Apprehended for Extorting $250,000 in Tether from Entrepreneur
In Ukraine on Monday, police arrested a criminal group that allegedly extorted $250,000 in stablecoin Tether (USDT) from a young entrepreneur by posing as law enforcement officials and threatening him with criminal charges for a fabricated crime. The four suspects, who were detained by cyber police and the Department of Internal Security of the National Police, face up to 12 years in prison, according to a statement. In May, the 20-year-old online business founder reported to police that unknow...
SuiPlay0x1 Crypto Gaming Handheld Price, Specs Revealed for 2025 Release
More details about the upcoming crypto gaming handheld console SuiPlay0x1 have been revealed by Playtron and Mysten Labs, the creators of the Sui blockchain. With this, pre-orders for the device have opened with the first to pay receiving an NFT reward. The SuiPlay0x1 aims to rival Valve’s Steam Deck as a powerful handheld gaming device that can run PC games as well as crypto games—a key difference between the devices. Currently priced at $599 (plus shipping and tax), the SuiPlay0x1 falls in bet...
UK Authorities Seize, Convert $144,000 of Bitcoin Stolen in Machete Home Invasion
Scottish prosecutors converted and seized almost $144,000 (£110,000) worth of Bitcoin from the “technical brains” behind a home invasion in which a crypto holder was threatened with a machete. John Ross Rennie was convicted in October 2023 after being found guilty of “reset relating to cryptocurrency,” relating to his indirect involvement in the robbery. The late-night robbery took place at the unnamed victim’s own home in the town of Blantyre, near Glasgow, in March 2020. Three men forced the u...
'This Is Fucked Up': Detained Binance Exec Protests Treatment by Nigerian Court
Detained Binance executive Tigran Gambaryan protested his treatment by Nigerian authorities in a newly released video posted on Twitter. In the video, Gambaryan can be seen crying out in pain, pleading with a Nigerian guard for support, as he struggles to walk using a single crutch. “[The guard] was told not to help me,” Gambaryan asserted to cameras filming him, adding, “This is fucked up! Why can’t I use a goddamn wheelchair?” Binance CEO Richard Teng retweeted the video, stating that, "This...
'This Is Fucked Up': Detained Binance Exec Protests Treatment by Nigerian Court
Detained Binance executive Tigran Gambaryan protested his treatment by Nigerian authorities in a newly released video posted on Twitter. In the video, Gambaryan can be seen crying out in pain, pleading with a Nigerian guard for support, as he struggles to walk using a single crutch. “[The guard] was told not to help me,” Gambaryan asserted to cameras filming him, adding, “This is fucked up! Why can’t I use a goddamn wheelchair?” Binance CEO Richard Teng retweeted the video, stating that, "This...
Bitcoin Price Is Down, But Hash Rate Just Hit an All-Time High
Bitcoin’s price action might be dull lately—and dipping further so far today—but at least one metric is booming: the cryptocurrency’s hash rate. The biggest digital coin’s hash rate today hit 742 exahashes per second (EH/s), according to Ycharts data. That’s an all-time high mark. This simply means the network is stronger than ever as every second, mining machines around the world tasked with keeping the Bitcoin network running are making 742 quintillion hash computations. This time last year,...
‘World’s First Crypto-Themed Immersive Theater’ to Debut at Token2049
Token2049 Singapore will play host to a “world’s first” immersive theater experience from HashKey Capital, Aethir and CARV. Mystery thriller “Decode: Legacy” promises to explore the past decade and a half of crypto history through “iconic Web3 characters, solving puzzles and uncovering secrets,” in the setting of Singapore’s iconic Raffles Hotel. Crypto. Reimagined. ⏳Step into a world where the past, present, and future of crypto converge in one place and time. Decode: Legacy is coming to @toke...