Scammers eye Toncoin as Telegram-TON partnership grabs headlines

Scammers have taken advantage of Telegram’s backing for The Open Network (TON) blockchain and its planned integration of the Toncoin token, deceiving unwary token holders. A cybersecurity company named Kaspersky has provided details to CryptoMoon about a deceitful scheme aimed at swindling Toncoins (TON) from Telegram users across the globe. Based on information from Kaspersky’s … Read more

Bitcoin Bollinger Bands hit level that saw BTC price squeeze past $50K

On April 23, Bitcoin’s price hovered around $66,000 due to hesitant sellers preventing significant price movement. Liquidity keeps BTC price in tight range Based on information from CryptoMoon Markets Pro and TradingView, it appears that a new trading range has emerged in the cryptocurrency markets following the weekly market close. Last week, the price of … Read more

Binance sued in Canada for securities law violations

In Canada, Binance, a well-known cryptocurrency trading platform, is facing a new class-action lawsuit. The complainants accuse the company of breaking Canadian securities regulations. On April 19, Ontario’s Superior Court of Justice announced a certification hearing for a class action lawsuit versus Binance. The lawsuit accuses Binance of illegally selling crypto derivatives to individual investors, … Read more

Binance Labs-backed Velvet Capital forced offline to prevent phishing attack

To prevent a significant phishing scam, Velvet Capital, a decentralized finance (DeFi) asset management protocol, had to briefly take down its website. On April 23rd, cryptocurrency users noticed strange goings-on at Velvet Capital’s trading platform among its X community members. When attempting to link to the interface, they were required to grant permission to use … Read more

DeFi whales have millions ‘forgotten’ in bridge contracts: Arkham

According to Arkham, a blockchain intelligence firm, over two major cryptocurrency bridges, there are numerous unclaimed crypto addresses holding millions of dollars each. These funds may be considered “stranded” or “unintentionally overlooked.” In a post on April 22, Arkham mentioned that there are around sixty forgotten accounts with large balances, worth between six and seven … Read more