Bitcoin News and Finance: What You Need to Know

The U.K. police have returned over $5.4 million to victims of an international cryptocurrency scam. The police say that almost $10 million more will be returned to victims. So far, 127 more people have filed a claim to recoup their investments. Police Return Funds to Crypto Scam Victims The U.K.’s Greater Manchester Police (GMP) announced Friday that about $5.4 million of the funds seized from an international cryptocurrency scam rumbled by its police officers in July last year have been returned to rightful owners. The announcement details: Over four million pounds have been returned to 23 verified victims and another 127 reported claims are currently being investigated by officers alongside partners in international law enforcement across the globe. The police noted, “another seven million pounds to be returned to rightful owners.” However, the announcement does not specify whether the victims will receive cryptocurrency or fiat currency from the police. “A sum of $22.25 mil...

PRESS RELEASE. DeFi ecosystem Alium Finance , which combines a native multi-chain decentralized exchange and NFT marketplace, announced a massive airdrop in honor of listing on the MEXC cryptocurrency exchange . In order to participate in the free token giveaway, MX token holders must stake coins, and then they will receive the right to vote and can become one of the winners of the Alium Finance airdrop. Recipients of ALM tokens will be selected randomly, depending on the size of the balance of MX coins in the Spot Wallet. “Partnership with such a large cryptocurrency exchange as MEXC, which today serves more than 6 million users from all over the world, is an important event for our company. We plan to expand our interaction in the future and launch new joint initiatives for the community,” commented Denis Denisov, CEO of Alium Finance. Voting with MX tokens will start on Tuesday, February 22, and will last from 02:00 to 10:50 (UTC). Airdrop winners will receive rewards in ALM tok...

Indian police have arrested 11 people so far in connection with a fraudulent cryptocurrency scheme that has duped about 2,000 investors out of $5.4 million. 11 People Arrested so Far in Cryptocurrency Scam in India Indian police have cracked down on a cryptocurrency investment scheme that has duped over 2,000 investors out of 40 crore rupees ($5.4 million). The number of arrests reached 11, seven of whom were arrested on Sunday in Maharashtra’s Nagpur, according to PTI. The main accused, Nishid Wasnik, and his wife Pragati, along with two other associates, Gajanan Mungune and Sandesh Lanjewar, were arrested one day prior in Pune. They went into hiding in March last year and had been on a run until they were arrested Saturday, the police said. An official described that Wasnik used to flaunt his luxurious lifestyle to lure people to invest in a firm he claimed to be dealing in ether ( ETH ) cryptocurrency. The official was quoted as saying: He manipulated the website of the firm...

The co-founder of crypto exchange Huobi has shared his view about the current state of the bitcoin market and when the next bull run will be. “We are now at the early stage of a bear market,” he said, expecting the next bitcoin bull market to be around the end of 2024 or the beginning of 2025. Huobi’s Executive on the Next Bitcoin Bull Market Du Jun, co-founder of cryptocurrency exchange Huobi, discussed when the next bitcoin bull market might be in an interview with CNBC, published Sunday. The exchange executive explained that bitcoin bull markets are closely tied to the halving, which occurs every 210,000 blocks or approximately every 4 years. The next one will take place in 2024. He detailed that the last halving took place in May 2020, and bitcoin topped an all-time high above $68,000 in 2021. Similarly, the halving that took place in 2016 saw BTC hitting a record high the following year. The price of bitcoin then tumbled after hitting record highs. Noting that bitcoin has f...

PRESS RELEASE. London, England, Feb 21st, 2022 – Earn Guild, a next-gen guild system for play-to-earn gaming, will be conducting its public sale tomorrow, February 22, at 2:00 pm UTC on the PancakeSwap exchange. Shortly after the Initial Decentralized Offering (IDO), the $EARN token will be listed on three major exchanges. The project has successfully closed its early sales rounds, with a total investment of $8.1 million, and is firmly backed by a long list of renowned partners and venture capital (VC) firms. However, the token sale still presents an excellent opportunity for Earn Guild to expand and further its exposure, as PancakeSwap is the leading decentralized exchange (DEX) of the popular Binance Smart Chain (BSC) ecosystem. What is Earn Guild? Designed for the play-to-earn market, Earn Guild offers all the tools needed to transform gaming into more than just a hobby. Through Earn Guild, players will have a fair chance to participate in most play-to-earn games and effi...

The American streaming television service Sling TV has announced the company is now accepting cryptocurrency payments from customers paying their monthly subscriptions. Sling TV detailed the company is leveraging the crypto payment provider Bitpay and will accept seven different cryptocurrencies and five stablecoins. Sling TV to Accept Crypto Assets for Monthly subscription Services Sling TV LLC , has revealed that it has partnered with the Atlanta-based cryptocurrency payments provider Bitpay and will accept a variety of crypto assets for monthly subscription payments. Sling is a streaming television service provider that offers a selection of channels competing cable providers do not. The company is a subsidiary of Dish Network, the direct-broadcast satellite provider that also accepts crypto payments for subscription services. Data from cordcuttersnews.com indicates that Sling surpassed 2.55 million subscribers in September 2021. By offering over-the-top (OTT)-originated ser...

Non-fungible tokens (NFTs) are a new medium of artistic expression that gives artists the freedom and the ability to reach a diverse audience, Saudi Princess Reem Al Faisal has said. Decentralized Art According to the Saudi Arabian princess, Reem Al Faisal, NFTs are a natural evolution of art that gives artists the freedom to reach different races, cultures and places. Al Faisal also asserts that NFTs have done what decentralized finance (defi) has done to finance — they have “decentralized art.” The Saudi princess’ comments about artists’ adoption or growing use of NFTs follow recent reports that she had launched her first NFT as well as the first virtual exposition of Saudi NFTs. Also, prior to launching the NFTs, Al Faisal, a photographer for more than 30 years, had sold her works on the NFT marketplace, Opensea. Remarking on the reaction to her own NFT launch, the Saudi princess said she is surprised that people still fail to see NFTs as a new way of exhibiting art. She said: ...