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Central African Banking Regulator COBAC Reinstates Crypto Ban Still Effective

Key Takeaways: COBAC reminded CEMA members that the crypto ban is still effective. The ban comes amidst the Central African Republic’s decision to adopt bitcoin as the country’s “currency of reference.” An African financial regulator, the Banking Commission of Central Africa (COBAC), has reminded members of a regional economic bloc that its ban on cryptocurrencies…

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CoinCodeCap’s The Weekly: Issue 5

This Week in Markets This week the crypto space started witnessing wild fluctuations soon after the stablecoin, UST, lost its peg, leading LUNA into a ‘death spiral.’ The market is going through a massive collapse for the first time in the history of cryptocurrencies. Exchanges are consistently on the lookout for a quick recovery but…

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EtherScan Ads Phishing Scam | CoinCodeCap

Key Takeaways EtherScan has received reports of phishing popups via a 3rd party integration, and so they have advised its users not to confirm any transactions that pop up on its website. How did the Attack Occur? It was caused by a malicious HTML5 banner Ad Script, which was served by CoinZilla, a popular crypto ad…

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Chelsea FC Forays Into Crypto With Amber Group-backed Whalefin As Official Sleeve Sponsors

Key Takeaways The partnership deal with Amber Group-backed crypto firm WhaleFin is worth £20 million per year Whalefin will replace Korean company Hyundai’s logo in the 2022-23 season. Other football companies including Liverpool and Manchester United are also considering partnerships with crypto companies. Chelsea FC has signed a partnership deal worth £20 million per year…

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SEC Nigeria Releases New Rules For Custody And Issuance Of Digital Assets

Key Takeaways The rules document is titled “New Rules on Issuance, Offering Platforms and Custody of Digital Assets”. Nigeria is among the biggest markets for digital assets and the new rules are expected to bring more transparency in the crypto sector. New SEC regulation lacks exposure draft and covers the issuance of digital assets as…

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Norway Parliament Abolishes Bill That Sought Ban On Bitcoin Mining

Key Takeaways The Norwegian parliament rejected a bill on May 10 that sought to outlaw energy-intensive mining for cryptocurrencies such as bitcoin. The bill’s author, the communist Red Party, received support from both the Green Party and the Socialist Left Party. The request was made earlier this month by the Red Party (Rdt), which was…

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Top 5 Crypto To Buy The Dip: BTC, ETH, AAVE, SOL, MATIC

The cryptocurrency market has suffered a downwards turn in recent weeks. Bitcoin has fallen to its lowest level in 16 months, hitting below $30,000. The cryptocurrency market has been in fear and panic over the past two weeks. Other blue-chip currencies have also seen significant drops over this period. Bitcoin (BTC) On Thursday, Bitcoin fell…

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X2Y2 Phishing Scam, Around $200K Stolen

Key Takeaways Hackers have used Google advertisements to make the scam URL precisely the same as the actual website and have stolen around 100 ETH, i.e., 200K USD. Here is an example of a scam URL that hackers use. After clicking on the Google Ad, We will be redirected to one of these phishing sites….

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Elon Musk Has Put The $44 Billion Twitter Acquisition On Hold

Key Takeaways: Elon Musk said his $44 billion acquisition plan of Twitter Inc. TWTR -9.67 percent was “temporarily on hold” due to concerns over phony accounts, a surprising twist that surprised investors and prompted doubts about his commitment to complete the deal. Musk, the world’s richest man and a free speech absolutist, has stated that…

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Vitalik Buterin Donates $4 Million To The University Of New South Wales

Key Takeaways: Vitalik Buterin has given the University of New South Wales $4 million in donations. The cash will be used to help build a pandemic detection technology. The Shiba Inu Open-Source Intelligence-based EPI WATCH program creates early warning indications by combining AI and open-source data. Vitalik Buterin has donated $4 million in USD Coin…

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Is Farmer Thief A Scam Project?

Key Takeaways Farmer Thief project has seen a sharp price drop of more than 94% on May 7th,2022. This happened after tokens were transferred to a wallet and sold on PancakeSwap. Token Price Crashes Here is the contract address: https://bscscan.com/address/0xcc617005adb833ff56a9deecc70d36d74959a5f8 Not much information is available about this project. It is not listed on any major crypto…

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Is Crown A Scam Project?

Key Takeaways Crown project has seen a sharp price drop of more than 63% on May 7th,2022. This happened after 1 wallet sold ~$187,000. Token Price Crash Here is the contract address: https://bscscan.com/address/0xb2566f80d781516a3d70f76f7bea388d1abb4917 Not much information is available about this project. It is not listed on any major crypto exchange, and we could not find its…

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