PayPal removes protections for NFT buyers and sellers PayPal is quietly removing safeguards for NFT (non-fungible token) transactions on its platform. Starting May 20, PayPal’s updated policies will no longer offer buyer and seller protections for Non-Fungible Token (NFT) purchases. According to the company’s policies page, NFTs are now ineligible for coverage under PayPal’s Purchase … Read more
Approximately fifty to one hundred cryptocurrency “whale” wallets, holding between six and seven figure value in assets, are currently unable to withdraw their funds from various Decentralized Finance (DeFi) bridge contracts. One of the whale wallets is connected to Ethereum co-founder Vitalik Buterin, holding more than a million dollars’ worth of assets that have been … Read more
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
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
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
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