Tag: Service

Why You May Want To Redeem Your Bitcoin From THORChain's Lending Service

coiner

Follow Frank on X. Two days ago, the atebites X account pointed out that THORChain’s lending service currently has nowhere near enough bitcoin to repay its creditors. As of the time of the post, the total amount of bitcoin to be repaid to depositors was 1,604, while the lending pool only had 592 bitcoin in it. We need to be raising awareness on just how bad of a shape Thorchain lending is right now, posing a potential risk to the protocol itself. As it stands, at current mark to market…

Read More

Standard Chartered Bank Launches Bitcoin and Crypto Custody Service in UAE

coiner

Standard Chartered has officially launched its digital asset custody service in the UAE, according to an announcement from the bank. The service has been licensed by the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC), following a memorandum of understanding signed in May 2023. JUST IN: $800 billion Standard Chartered bank launches #Bitcoin and crypto custody service in the UAE 🇦🇪 pic.twitter.com/dlNqdVpi0J — Bitcoin Magazine (@BitcoinMagazine) September 10, 2024 “The launch of our digital asset custody offering represents a pivotal moment not just for Standard Chartered, but…

Read More

Bitrefill Empowers Bitcoin & Crypto Travelers with Global eSIM Service Across 140 Countries

coiner

Bitrefill, a popular platform that sells gift cards for bitcoin, has announced its partnership with eSIM Go, enabling travelers in over 140 countries to pre-purchase an e-sim and have local data available as soon as they arrive, per a press release sent to Bitcoin Magazine.  Now, Bitcoin enthusiasts and digital nomads can experience uninterrupted internet access across the globe, making jet-setting a breeze. This partnership unlocks a world of convenience for travelers on their journeys..  Sergej Kotliar, Founder and CEO of Bitrefill, stated “This service removes a lot of hassle related…

Read More

SEC can’t find Binance CEO Changpeng Zhao, asks court for ‘alternative service’

coiner

The United States Securities and Exchange Commission (SEC) is seeking “alternative service” from the U.S. district court in Washington, D.C. to issue a legal summons to Changpeng Zhao, the CEO of cryptocurrency exchange Binance. Zhao and Binance were recently sued by the SEC over alleged unregistered securities operations. Related: SEC sues Coinbase for breaking US securities rules In a case document filed with the district court on June 7, the SEC requested alternative service. It explained its evident stance that typical service (which requires the presence and signature of the person…

Read More

Memorial Day Reflections: Reinvigorating Critical Thought, Bitcoin Can Honor Service Members

coiner

This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps. “That was before my time… Of course it’s true, everybody knows it’s true.” The quote above is from the movie “The Sea Beast.” And although the film never mentions Bitcoin specifically, it might just be one of the best Bitcoin movies I’ve ever seen.  Source It is set in a fictional world gripped by perpetual war between a sea-faring economic…

Read More

‘Inferno Drainer’ scam as a service has stolen $5.9M since March: Report

coiner

A new scam as a service called “Inferno Drainer” has reportedly stolen nearly $6 million from unsuspecting crypto users, according to Web3 scam detecting firm Scam Sniffer. Inferno Drainer reportedly advertises that it provides ready-to-go code to scammers, allowing them to steal crypto in exchange for a 20% cut of the scammer’s crypto “loot”. 1/ Inferno Drainer, a scam vendor specializing in multi-chain scams, has stolen $5.9 million in assets from nearly 4,888 victims through over 689 phishing websites targeting popular projects.https://t.co/OEjdzHm2Ls — Scam Sniffer (@realScamSniffer) May 19, 2023 The…

Read More