Author: John Smith
Key Takeaways Operators of crypto ATMs in Spokane have 60 days to dismantle and remove their machines or face civil infractions, including the potential revocation of business licenses. The ban, authored by Councilmember Paul Dillon, was triggered by concerns over a surge in crypto scams Spokane, Washington, has enacted a citywide ban on cryptocurrency ATMs, becoming the first jurisdiction in the state to do so. The decision follows a unanimous vote by the Spokane City Council on Monday, citing an alarming rise in fraud cases involving virtual currency kiosks. Effective immediately, operators of crypto ATMs in Spokane have 60 days…
A new phishing campaign is targeting cryptocurrency users by impersonating Aave, one of the most widely used decentralized finance platforms. On June 20, web3 security firm Scam Sniffer issued a warning that fake Aave (AAVE) ads were appearing at the top of Google search results. These ads lead users to malicious websites intended to steal funds, tricking them into signing harmful transactions. The phishing websites closely resemble Aave’s official platform in terms of user interface and misleading domain names. After connecting a wallet, users are asked to authorize transactions that can steal assets without them noticing. This kind of scam…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The web3 revolution promised a decentralized utopia where users would control their assets and data in an open, borderless digital economy. Instead, we have built a maze of isolated networks, each demanding its own wallet, gas token, and operating rules. This industry-wide fragmentation can hinder innovation and deter new users from adopting the technology. Interoperability between chains is not just a technical improvement; it is the foundational layer for the mainstream future of web3. The current fragmentation…
Ant Group denies rumors of a collaboration between Ant Financial Technology and publicly-listed Chinese company Hainan Huatie involving partnerships in RWA and stablecoins. In an official statement shared on the social platform WeChat, the fintech arm of Alibaba addressed rumors circulating about its digital technologies arm collaborating with another Chinese company to pursue web3-related ventures. The company in question is Hainan Huatie, a Chinese company that provides AI-computing services. According to the press release, there’s been widespread speculation that the digital technology firm is gearing up for a cooperation with Hainan Huatie involving stablecoins and real-world assets. The company clarified…
Ex-Animoca exec had his crypto wallets drained after downloading a fake Zoom update during a phishing attack linked to North Korean hacking group Lazarus. Mehdi Farooq, an investment partner at Hypersphere and ex-Animoca Brands exec, revealed in a post on X on Thursday that he lost a large portion of his life savings in a Zoom hack linked to the North Korean hacking group Lazarus. The scam began when Farooq received a Telegram message from Alex Lin, a professional acquaintance. Lin asked to catch up, and Farooq shared his Calendly link to schedule a call. The next day, shortly before…
Semler Scientific plans to hold 105,000 Bitcoin by the end of 2027 under its updated treasury strategy. On June 19, the California-based med tech firm announced that it would significantly expand its Bitcoin holdings over the next two and a half years, targeting 10,000 BTC by the end of 2025, 42,000 BTC by the end of 2026, and ultimately 105,000 BTC by 2027. The purchases would be funded through a combination of equity and debt financing, along with operational cash flow. Semler has also appointed Joe Burnett as director of Bitcoin strategy. Burnett, a long-time Bitcoin advocate and former market…
Longtime Bitcoin critic and goldbug Peter Schiff is back with another jab at the world’s largest cryptocurrency, and this time, he’s pitching the other precious metal as a superior alternative. According to Schiff in a June 20 X post, silver currently offers far more realistic upside than Bitcoin (BTC), with significantly less downside risk. “If anyone is looking for an alternative to gold, it makes no sense to buy Bitcoin when you can buy silver,” he wrote. Schiff has long positioned himself as a gold advocate and has repeatedly dismissed Bitcoin as an asset with little to no real value. While…
Hong Kong-based Animoca Brands aims to one day obtain a stablecoin issuing license through its joint venture with Standard Chartered Bank and Hong Kong Telecom. The move comes ahead of the region’s Stablecoin Ordinance legalization. In an exclusive interview with China Business Network, Group President of Animoca Brands Evan Auyang stated that the web3 has entered into a joint venture with Hong Kong’s Standard Chartered Bank and Hong Kong Telecom in anticipation for the region’s new Stablecoin Ordinance coming into effect. According to Auyang, the purpose of the joint venture is to open the door for Animoca Brands to pursue…
Tether announced plans to launch a serverless, open-source password manager after a massive breach exposed 16 billion online login credentials. Tether CEO Paolo Ardoino announced today that the company is preparing to launch PearPass, a fully local, open-source password manager built without reliance on cloud infrastructure. “The cloud has failed us. Again,” Ardoino said on X, referencing a newly discovered data breach exposing 16 billion login credentials reported yesterday. PearPass aims to address the growing distrust in centralized data storage by ensuring that all user credentials are stored only on users’ devices, eliminating any external point of failure or surveillance.…
Ethereum is witnessing a renewed wave of accumulation from institutional investors and smart money wallets. As of writing, Ethereum (ETH) was trading at $2,508, representing a gain of over 70% from its year-to-date low. Its market cap stood above $300 billion. While ETH remains 32% below its 2025 peak, analysts suggest it could be approaching a significant breakout. According to pseudo-anonymous analyst Crypto GEMs, who has over 422,000 followers on social media, Ethereum appears to have reentered a multi-week parallel channel on the daily chart. Source: X/cryptogems555 The structure resembles a similar pattern from earlier this year, which preceded an…