|All Time High:|
|Market Cap: |
|The last known price of #MCO is $0.84 USD.|
Please note that the price of #MCO was last updated over 120 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #MCO statistics should be considered as 'last known value'.
The lowest MCO price for this period was $0, the highest was $0.844, and the exact last price of MCO was $0.84385.
The all-time high MCO coin price was $74.39.
Use our custom price calculator to see the hypothetical price of MCO with market cap of ETH or other crypto coins.
|The code for Monaco crypto currency is #MCO. |
Monaco is 6.1 years old.
|The current market capitalization for Monaco is $26,655,359.|
Monaco is ranking upwards to #1013 out of all coins, by market cap (and other factors).
|The trading volume is modest during the past 24 hours for #MCO.|
Today's 24-hour trading volume across all exchanges for Monaco is $12,009.
|The circulating supply of MCO is 31,587,682 coins, which is 100% of the maximum coin supply.|
|MCO has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 1 crypto exchange.|
View #MCO trading pairs and crypto exchanges that currently support #MCO purchase.
Crypto.com Medium moves to blog.crypto.com
Today, we are officially moving the Crypto.com Medium site to our own blog domain at blog.crypto.com. The new domain allows our blog site to align with the Crypto.com brand while giving us greater capacity in facilitating all our future articles and content. All new articles will henceforth be published on the new site, while we have also migrated all previous content to the blog. We thank our community members on Medium who have followed the site through and through, and for all the ‘claps’ given to our articles; the Medium site will remain in place until further notice. We look forward to having you follow us and will continue to keep you up to date with the latest news and stories at blog.crypto.com. Thank you for your continuous support! The Crypto.com Te
Ethereum Constantinople Hard Fork
Crypto.com will support the Hard Fork and here are our planned actions The Ethereum core developers are making changes to the underlying protocol of the Ethereum network and the Ethereum Constantinople hard fork is scheduled to take place at Block 7080000, expected within January 14–18, 2019. (See here for a countdown timer to this fork.) The Crypto.com team has analyzed the possible risks and impacts of the hard fork and will handle all the technical requirements for our users. Here is an outline of how we plan to proceed during this period: Deposits and Withdrawals Paused: For the security of your assets, before and during the intended hard fork, we will pause deposits and withdrawals of ETH as well as ERC-20 tokens, including BNB, MCO, and CRO, supported by the Crypto.com Wallet & Card App. Increased Confirmations Upon Resumption: When we resume services, we will increase the number of confirmations required to make a deposit from 30 confirmations to 100 confirmations for a short period until the network stabilizes. We appreciate your understanding during this time. Our team is closely monitoring the developments and will keep our users updated as more details emerge regarding the outcomes of the hard fork. The Crypto.com Te
Crypto.com: December 2018 Updates
Happy New Year from Crypto.com! On top of the holiday festivities, the team shared a number of development and updates. Here are the highlights: Ledger to accept payment with Crypto.com Pay Leading hard wallet security firm, Ledger, will implement payments with Crypto.com Pay, powered by the Crypto.com Chain. Read the full article here MCO Visa Card — Accepting U.S. card reservations address details Crypto.com started accepting address details for U.S. card reservations during the start of the holiday season. Enhanced Platinum Referral Rewards Program Crypto.com launched the enhanced Platinum Referral Program with a redesigned Referrals & Cashback page. It now includes the universal referral code that allows users to invite friends easily. Read the full article here Crypto.com welcomes Tyson Hackwood to the team Tyson Hackwood, formerly of PayPal and Braintree, has joined the Crypto.com leadership team as SVP, Head of Global Merchant Acquisition. In his new role, he will be expanding the reach and adoption of Crypto.com Pay, the cryptocurrency payment solution powered by Crypto.com Chain. Read the full article here CRO listed on GOPAX Crypto.com Chain’s CRO Token listed on leading South Korean exchange, GOPAX, where trading started on 19 Dec. The announcement (in Korean) here Crypto.com Wallet feature updates Crypto.com ‘UPed’ user experience by increasing per transaction and credit card purchase limi...
Crypto.com to Transfer its MCO Tokens to New Address in Preparation of Integration with…
Crypto.com to Transfer its MCO Tokens to New Address in Preparation of Integration with Institutional-Grade Custody Partner <HONG KONG, December 27, 2018> In our continuous effort to enhance the security and safety of our customers and company crypto assets, Crypto.com has been assessing institutional-grade crypto asset custody solutions to enhance the storage of its assets, in particular, a solution with Hardware Security Module (HSM) multi-sig cold storage capability. In preparation for the onboarding to our first selected custody partner, we will be moving Crypto.com’s MCO Tokens (15,793,851.2682436 MCO) to a new address on 28th December 2018. We will make further announcements about our cold storage custody solutions over the course of 2019.
Join us as a Crypto.com Ambassador
Everything about Crypto.com excites you — you’re passionate about our products and have been a strong supporter of our brand — if this sounds like you, you might just be what we’re looking for in an ambassador! We are searching for volunteers to become Crypto.com Ambassadors. The ambassadors will be a lively and enthusiastic bunch who spreads cheer and looks after the community as it grows. As a Crypto.com Ambassador, you will:Enlighten and help guide new users on social media or community channelsAssist in moderating social media and community channelsHelp with the localisation of contentHost official meetups and social networking events in your local communityConnect with other ambassadors to spread the word about Crypto.comBe among the first to test product beta versionAttend selected major crypto industry events with the Crypto.com teamGet official Crypto.com swagGet together with senior management members of Crypto.com and ambassadors at exclusive gatherings Ambassador Selection Criteria Location: Anywhere Guidelines: Lively and communicative; passionate about all things Crypto.com Apply here!
Ledger to Accept Payments with Crypto.com Pay
Leading hard wallet security firm to allow customers to pay with crypto powered by the Crypto.com ChainLedger will implement Crypto.com Pay — powered by the Crypto.com Chain — into its ledger.com online store <Hong Kong, December 19, 2018> Crypto.com, the pioneering payments and cryptocurrency platform, and Ledger, a global leader in securing crypto assets, today announced the signing a Memorandum of Understanding (MOU) to have Ledger adopt Crypto.com Pay — a cryptocurrency payment solution powered by the Crypto.com Chain. Once Crypto.com Pay is implemented onto Ledger’s online store, customers will have the option to purchase Ledger products at checkout with their desired cryptocurrency seamlessly and securely, and collect cash back rewards funded by the network. Purchases will be made by opening Crypto.com Wallet & Card app, clicking the Pay button, scanning a unique QR code on the Ledger online store, and selecting the desired cryptocurrency to be spent. Éric Larchevêque, CEO of Ledger said: “Our customers understand the everyday utility of cryptocurrency, and as a leading cryptocurrency asset hardware wallet provider, it is a natural step for us to provide a cryptocurrency payment option. We support what Crypto.com is doing to lead the industry forward with its vision of cryptocurrency in every wallet. We feel this payment option is just what our customers are seeking.” Kris Marszalek,...
Crypto.com Updates: UP’ed Wallet Trading Limits, UP’ed Crypto with Automated Withdrawals, and Card…
Crypto.com Updates: UP’ed Wallet Trading Limits, UP’ed Crypto with Automated Withdrawals, and Card UPgrade Path Crypto.com Wallet App Crypto Purchases — We are pleased to now be able to increase the per transaction and credit card purchase limits as shown below:* For those with a successful crypto purchase older than 90 days, purchase limits will be increased to $9000 USD/ week. Automated Withdrawals: XRP, ETH and ERC 20 Tokens (BNB, MCO, and CRO) now offer automated withdrawals. These cryptos have been migrated to our new token infrastructure. BTC will be next followed by LTC. Card Upgrade Path: As we have been focusing on getting cards out, we have yet to build the card upgrade function into the app. We would prefer users to select the card prior to shipment (we still offer an upgrade option up until this point). For those seeking to upgrade after they receive their card, we will need to cancel the existing card and issue a new one. This will incur the card reissuing fee of approximately USD 50 (based on market). We expect this process and feature to be completed and available by the end of Q1, 2019.
Crypto.com Hires Former PayPal and Braintree Leader Tyson Hackwood
SVP, Head of Global Merchant Acquisition to Drive Growth of Crypto.com Pay <HONG KONG, December 11, 2018> — Crypto.com, the pioneering payments and cryptocurrency platform, today announced the appointment of Tyson Hackwood to the leadership team as SVP, Head of Global Merchant Acquisition. Tyson will be expanding the reach and adoption of Crypto.com Pay, a cryptocurrency payment solution powered by the Crypto.com Chain. Crypto.com Chain is Crypto.com’s high-performing native blockchain solution that will drive cryptocurrency adoption globally by enabling instant crypto payment transactions. Its Crypto.com Pay solution will allow customers to pay for goods and services with cryptocurrency while receiving generous cashback rewards. For merchants, Crypto.com Pay offers greatly reduced processing fees for settlement in cryptocurrency, online or offline. “As we develop the Crypto.com Chain to fulfil the current industry need to pay and be paid in crypto, Tyson will play an important role in expanding the number and quality of merchants that are part of our network,” said Kris Marszalek, Co-Founder and CEO of Crypto.com. “His relationships and experience in online digital payments will significantly advance our goal of enabling seamless, secure, and cost-efficient transactions between merchants and cryptocurrency users worldwide.” Tyson joins the Crypto.com team with more than 17 years of professional experien...
Crypto.com: November 2018 Updates
Crypto.com announced a number of news in November including the launch of Crypto.com Chain, as well as the MCO Visa Card program receiving the green light to roll out cards in the U.S. Here are last month’s highlights: MCO Visa Card Program Given Green Light in the United States On Nov 16, we announced that we are working with our partner, Metropolitan Commercial Bank, to prepare the rollout of the MCO Visa Card program in the United States. Read the full article here Crypto.com Announces Crypto.com Chain On Nov 20, we announced Crypto.com Chain, the new native blockchain solution that will enable instant crypto payment transactions, and the creation of the CRO token, which will enable cross-asset intermediary currency settlement. The launch of Crypto.com Chain also follows with the announcement of the CRO token airdrop for all eligible MCO token holders in the Crypto.com Wallet & Card App. Read the full article here and visit www.crypto.com/chain for the whitepaper. Community Q&A There were two community Q&As that took place in the month. On Nov 2, the Q&A addressed key issues such as card market updates, app functions and features, as well as, other questions posed by the community. Read it here On Nov 23, we released a video of our CEO Kris answering most of the questions submitted on Reddit, including latest updates, details on Crypto.com Chain, as well as what’s in store in the future. Watch it h...
Crypto.com Chain Consultation Paper
The road to 10,000,000 merchants and 100,000,000 customers Today, we are releasing a consultation paper that charts our path to bring our mission “to accelerate the world’s adoption of cryptocurrency” to life by building this critically missing piece of blockchain infrastructure. We seek the views of members of the community, the blockchain industry and other stakeholders on the proposed staking and rewards mechanisms for the Crypto.com Chain. We welcome your input. Please send your feedback to the consultation paper on or before 7th January 2019 by one of the following means: Discord: www.discord.gg/B6cZahJ (we will open a sub-channel for this) Telegram: www.t.me/CryptoComOfficial Email: email@example.com Note: For easy collation, please prefix all input with [CCCPSM01]. With kind regards, The Crypto.com Te
More Monaco (#MCO) News
|DOJ Announces $4.3 Billion Settlement With Binance; CZ to Step Down as P...
The United States Department of Justice (DOJ) has revealed a landmark settlement involving Binance, the world's largest crypto exchange by trading volume. Under the agreement, Binance will pay $4.3 billion to settle with the law enforcement authority. This significant development was disclosed during a DOJ press briefing on cryptocurrency enforcement, which took place at 3:36 p.m. Eastern Time (ET) on Tuesday.Crypto Giant Binance Settles for $4.3 Billion With U.S. Justice Department
In line with expectations stemming from a day's worth of rumors and headlines, the Department of Justice (DOJ) has reached a settlement with Binance, wherein the crypto exchange consents to a payment of $4.3 billion as part of the agreement. The DOJ's investigation into Binance had been previously reported, indicating an ongoing probe, yet no developments occurred until now. According to the DOJ, Binance breached certain anti-money laundering (AML) and sanctions regulations since the investigation commenced.
The press conference featured Attorney General Merrick Garland, Secretary of the Treasury Janet Yellen, Deputy Attorney General Lisa Monaco, and Chairman Rostin Behnam of the Commodity Futures Trading Commission (CFTC). “Binance became the world’s largest cryptocurrency exchange in part because of the crimes it committed – now it is paying one of the largest corporate penalties in U.S. history,” Attorney General Garland said. He added:
In just the past month, the Justic...
|Bitzlato Exchange Busted as US Deals 'Blow to Crypto Crime,' Arrests Own...
Cryptocurrency exchange Bitzlato, better known to the Russian-speaking segment of the market, has been taken down as part of an 'international cryptocurrency enforcement action,' the U.S. Justice Department announced. The Russian owner of the platform has been arrested for his role in the alleged transmission of illicit money. Bitzlato claimed it was hacked.US, France Hit Cryptocurrency Exchange Bitzlato, Russian Co-founder Detained in Miami
U.S. authorities have apprehended Anatoly Legkodymov, a resident of China, on charges that his Hong Kong-registered crypto trading platform, Bitzlato, processed illicit funds worth hundreds of millions of dollars. The Russian, a co-founder and majority owner of the exchange, was arrested by three e FBI in Miami on Tuesday, a high-ranking official from the United States Department of Justice (DOJ) revealed.
Speaking during a press conference, Deputy Attorney General Lisa Monaco said that Justice Department agents and prosecutors, working with the U.S. Treasury Department and French law enforcement, have 'disrupted Bitzlato, a China-based cryptocurrency exchange, notorious for laundering criminal proceeds from the darknet' and ransomware attacks. She also stated:
Today, the Department of Justice has dealt a significant blow to the crypto crime ecosystem.
Legkodymov is accused of operating the exchange as a 'high-tech financial hub that, in his own words, catered to 'known crooks',' Monaco explained. She went on to allege that Bitzlato was a...
|Chiliz's Latest Series of Fan Tokens Are Listed on MEXC for the Secondar...
[PRESS RELEASE - Please Read Disclaimer]
Recently, Socios.com, Chiliz’s fan token creator, and several football clubs launched the latest fan tokens. These tokens collectively had their initial launch on the cryptocurrency trading platform MEXC to expand their scale in the secondary market.
There are 16 clubs that launched fan tokens, including Everton FC Fan Token, Crystal Palace FT, Leeds United FT, Arsenal Fan Token Atlético Mineiro FT, etc.
According to the data on December 14, Arsenal fan token AFC, AS Monaco fan token ASM, FC Barcelona FT fan token BAR, and Aston Villa FT fan token AVL, reached the highest gain of 272%, 200%, 126%, 240%, respectively after being listed on MEXC.
In fact, fan tokens are social tokens in sports, entertainment, and other fields resulting from the rise of the NFT in 2021. Fans hold tokens of relevant clubs or teams and will have the opportunity to obtain signed jerseys, NFT rewards, VIP seats, and participate in voting, club activities, etc. Among them, Chiliz, the entertainment and sports infrastructure provider based on blockchain technology, has collaborated with many well-known clubs to launch fan tokens. These include Juventus fan token JUV, AC Milan fan token ACM, etc.
In this cryptocurrency bear market, fan tokens have become the only sector that experienced an overall boom in the second half of this year, as a result of the World Cup in Qatar. Three months before the World Cup, Binance and MEXC, the two major trading pl...
|Russian Billionaire and Crypto Businessman Dies in Helicopter Crash in F...
Russian financier and cryptocurrency entrepreneur Vyacheslav Taran has been killed in a helicopter crash on French territory. The accident marks the latest in a series of deaths of crypto executives and adds another name to a list of Russian billionaires who died this year under mysterious circumstances.Libertex President Perishes as His Helicopter Crashes on Route to Monaco
Russian businessman Vyacheslav Taran, founder of Forex Club and head of Libertex Group, has died in a helicopter crash in Southeast France. The 53-year-old billionaire was the only passenger in the aircraft piloted by a 35-year-old French national who was also killed.
Taran was traveling from the Swiss city of Lucerne to Monaco when the accident took place on Friday, Nov. 25, near the Italian border. The news of his death was confirmed by Libertex, a trading platform for various assets including cryptocurrencies, and by the Russian embassy in Paris.
On Monday, the diplomatic mission told the Tass news agency that the helicopter owned by Monacair crashed in the area of Villefranche-sur-Mer. French authorities have launched an investigation into the case but the exact cause of the accident is yet to be determined.
Vyacheslav Taran’s death is the latest of series of such events in the crypto space. On Nov. 23, the co-founder of the Hong Kong-based company Amber Group, Tiantian Kullander, died in his sleep at the age of just 30. On Oct. 28, crypto developer and Makerdao co-founder, 29-year-old Nikolai ...
|Solana-powered sports wagering platform BetDEX to launch ahead of World ...
BetDEX Labs, the company behind BetDEX, a new sports betting exchange for peer-to-peer wagering, this week announced that the BetDEX Exchange will officially launch on the Solana mainnet on Thursday, November 17th, which coincides with the beginning of the 2022 World Cup.
The BetDEX Exchange recently became a fully-licensed regulated sports betting exchange on the blockchain. Under the Online Gambling Regulation Act (OGRA), the BetDEX Exchange received licensed approval from the Isle of Man for all forms of online gambling and gaming, including online sports betting.
Currently, the platform accepts wagers from countries throughout Europe, Asia, South America, and Africa. The fully non-custodial exchange is built on the Monaco Protocol.
'After a successful open beta we are excited to officially launch the BetDEX Exchange in select countries and territories around the world. As the world's first fully licensed web3 sports betting exchange, we're looking forward to onboarding members into a booming space. Launching just ahead of the world's premier sporting event is an exciting moment as our community can wager on matches throughout the duration of the World Cup and beyond.'
- Varun Sudhakar, CEO & Co-Founder of BetDEX
In the near future, BetDEX is expected to accept wagers on tennis, cricket, and more.
Since the launch of its open beta in early October, the BetDEX Exchange has accepted wagers from over 12,000 early access members. A 'beta' tag will remain on the exchange until ...
|Princess Charlene of Monaco: 'Web3 Allows Us to Create Assets Worth Coll...
In the age in which contactless interactions are encouraged or where society is adopting new ways of making payments, it is thought by some to be imperative for progressive organizations and institutions to move with the times. As history has shown us, organizations quick to learn or embrace new ways of doing things can sometimes outcompete the ones that insist on continuing with old ways.Using Web3 to Raise Awareness of Plight of Hungry People
It would appear that keeping up with the times is what Princess Charlene of Monaco and her charitable organization, The Princess Charlene of Monaco Foundation SA (PCMFSA) are already doing. Working with the internationally renowned South African artist, Junaid Senechal-Senekal, the foundation recently launched its first non-fungible token collection which went on sale on October 1. The 15-piece NFT collection features paintings of countless children and each has a watermark of Princess Charlene's face.
The objective of the NFT sale is to raise funds to feed hungry children in South Africa. Princess Charlene also told Bitcoin.com News that while her foundation's efforts may not completely end global youth hunger, she at least hopes the NFTs will help remind the world that hundreds of millions of people are still going to bed hungry.
In her written responses to questions sent by Bitcoin.com News, Princess Charlene explains why the PCMFSA has embraced Web3. Below are Princess Charlene's full responses to Bitcoin.com News' questions.
|OpiPets: The Rise of Blockchain in Formula 1
PRESS RELEASE. Formula One is one of the greatest sports in the world and brings about the best automobile teams which compete for the title yearly. From the racing tracks in Spa to the roads of Monte Carlo in Monaco, Formula One has developed into a billion-dollar industry with teams and drivers boasting a cult following globally.
The relationship between Formula One and the blockchain industry has grown in recent years. In part due to the growing adoption of crypto and blockchain technology. Crypto.com made a significant splash when it was announced as a Global Partner of Formula One in 2021. They are not alone. Binance, FTX, Velas, Bybit, Tezos and memecoin project Floki have established partnerships within Formula 1.
The familiarity between Forumla 1 and blockchain companies demonstrates the acceleration of consumer adoption of blockchain and crypto related products and services. Where Shell, Hewlett Packard and Coke once stood, cryptocurrency exchanges, harware wallets and blockchain protocols now lead the way. The success of new concepts like NFTs has also inspired Formula One teams looking to increase consumer engagement through limited card collections that provide exclusive content and access for fans worldwide.
Opis Group and OpiPets took part in the Monaco NFT and Swim week conference which took place during the Grand Prix weekend. As one of the oldest and most prestigious dates on the F1 calendar Monaco played home for a hive of blockchain related activity.
|Tribeca Film Festival Taps Crypto Exchange OKX as its New Sponsor (Repor...
The annual event organized by Tribeca Productions - Tribeca Film Festival - reportedly inked a deal with the cryptocurrency platform OKX. The agreement (worth tens of millions of dollars) will turn the exchange into one of the largest sponsors.
OKX Joins the Movie Industry
According to a coverage by the Wall Street Journal, the collaboration between the two parties will last for the next three years. During that period, OKX will educate filmmakers and movie fans about the benefits of cryptocurrencies and Web3 technology.
Being the main sponsor of the Tribeca Film Festival, the platform could finance the production of films designed for the Metaverse. At the same time, it plans to enable movie participants to receive digital currencies for their work.
Jane Rosenthal - Chief Executive Officer of the event - said the festival will introduce non-fungible tokens this year, revealing intentions to dive deeper into the NFT realm in the following years:
'We want to provide the tools to creators. Over the years to come, we will lean in, help them create these stories, and partner with hardware providers like Facebook.'
Commenting on the collaboration with OKX, Rosenthal noted that both parties have similar visions and ambitions to 'drive forward new ways of storytelling and new ways of supporting artists in all different categories.'
Tribeca Film Festival is a major event that takes place each spring in New York City. This year, it will run from June 8 to June 19 in Manhattan. Founded...
|McLaren's Daniel Ricciardo Becomes Global Ambassador of OKX
Daniel Ricciardo - an Italian-Australian driver who races for McLaren Formula 1 team - teamed up with the Seychelles-based digital asset exchange - OKX. The pilot will serve as an ambassador of the company during the 2022/23 season and lead an educational campaign for F1 fans focused on crypto's merits.
OKX Extends its Partnership With McLaren Racing
At the beginning of May, OKX inked a deal with the Formula 1 squad becoming its Official Primary Partner, thus becoming the team's largest sponsor.
According to a recent press release, OKX took the collaboration one step further by joining forces with Daniel Ricciardo - one of the two leading pilots of McLaren Racing. Apart from serving as an ambassador, the driver will support a global campaign that will aim to popularize cryptocurrencies among F1 fans and educate them on how to enter the digital asset universe.
In addition, designers will create a special edition racing helmet with OKX's logo, which Ricciardo will wear during the ongoing racing season. The 2022 Monaco Grand Prix on May 29 will be the first track where the driver will display his new outfit.
McLaren's pilot said he's 'honored' to collaborate with the crypto platform, describing it as a leader in the industry.
'The fan experience is going to be at the center of everything we do together, so expect big things from us this year. Game on,' he added.
Daniel Ricciardo, Source: Insider
Commenting on the move was also Haider Rafique - Chief Marketing Officer at OKX. He ...
|The First Rewards Card for the Web3 World by The Crypto Card Club
PRESS RELEASE. An emerging NFT company, The Crypto Card Club, has developed an innovative system that aims to recognise and reward investors by merging real-world reward point systems with NFT and Web3 purchases.
The groundbreaking service financially rewards holders for their usual NFT spending, attempting to minimise Web3 financial risks and safely help grow investor portfolios.
The founder, Harrison Bishop, has stated that they are looking to become THE rewards card for Web 3.0 and ‘IRL’.
Members that hold the C3 NFT in their wallet and purchase NFTs from partnered projects will earn $C3 tokens. In addition, $C3 tokens can buy exciting products and services, including VIP passes to Coachella, a holiday to the Bahamas, or even tickets to The Monaco Grand Prix. C3s members will have access to perks and benefits valued at more than $100k. This includes but is not limited to:
Alpha channel access: C3 members will have access to ‘alpha’ (valuable trading information) that has been sourced, aggregated and summarised from the most exclusive and expensive paid alpha channels in the crypto space.
Gas Fee Rebates: C3 will provide gas rebates up to 50% for purchases made with partnered projects.
Masterclass: C3 Members will have access to an exclusive masterclass on ‘how to build a successful NFT project’, with interviews from top collection founders and directors.
All C3 partnerships are fully vetted to ensure maximum benefit is provided to hol...
|MetaMarket: A Novel NFT Marketplace on the BNB Chain
The cryptocurrency market is an innovative industry well known for often setting new trends. In 2021, non-fungible tokens (NFTs) became the talk of the town as people spent millions of dollars to purchase rare and revered digital art collections. Even a year after non-fungible tokens captured interest from mainstream users, it is still one of the hottest topics in the digital asset market.
NFTs are revolutionizing the art world and how we view asset ownership. Speculators believe that NFTs will become an integral part of the metaverse and web3 once these technologies are fully developed.
As NFTs continue to attract mainstream and traditional players of all kinds, there is a need for marketplaces where NFT enthusiasts can mint, buy, and sell their digital collectibles and art.
While NFT trading platforms already exist, MetaMarket is building a revolutionary NFT marketplace that not only facilitates the buying and selling of NFTs but also rewards NFT holders and investors with real-life benefits.
What is MetaMarket
MetaMarket is a new NFT marketplace built on the BNB Chain (formerly known as Binance Smart Chain) that seeks to bring unique non-fungible token collections to users.
Powered by the MetaReserve team, a group of highly skilled blockchain developers and NFT enthusiasts, MetaMarket intends to be a go-to NFT marketplace for NFTs with utilities and real-world value.
Hence, the platform has collaborated with several celebrities and top brands to create NFT collections tha...
|The FBI Will Launch A Ransomware-Focused Unit To Monitor Cryptocurrencie...
Both the FBI and the U.S. Justice Department are making moves in the crypto space. Recent high-profile victories offered the necessary incentive for both organizations to take action. Reuters reports that the Justice Department hired “a seasoned computer crimes prosecutor” as their new crypto zar. For their part, the “FBI is launching a unit for blockchain analysis and virtual asset seizure.”
Both moves are a clear indication of the U.S.'s newfound attitude towards cryptocurrencies.
The Justice Department’s New Crypto Czar
The U.S. Justice Department’s National Cryptocurrency Enforcement Team (NCET) has a new leader. The chosen one is Ms. Eun Young Choi, “a prosecutor who led the case against a Russian hacker who helped steal information about more than 80 million JPMorgan & Chase Co customers.”
In the Justice Department’s press release, they quote Director Choi:
“The NCET will play a pivotal role in ensuring that as the technology surrounding digital assets grows and evolves, the department in turn accelerates and expands its efforts to combat their illicit abuse by criminals of all kinds. I am excited to lead the NCET’s incredible and talented team of attorneys, and to get to work on this important priority for the department.”
At Young Choi’s announcement, Reuter quotes Deputy Attorney General Lisa Monaco warning criminals of their organization’s aims:
'We are issuing a cl...
|US Justice Department Names Head Of Newly Formed Crypto Enforcement Team
The Justice Department recently appointed cybersecurity prosecutor Eun Young Choi to lead the newly formed “National Cryptocurrency Enforcement Team”, aimed at cracking down on digital currency schemes involved in illicit finance. It specifically targets both cybercriminals and nation-states, including Iran and North Korea.
Intercepting Crypto Crime
Deputy Attorney General Lisa Monaco announced the new appointment in an interview with Bloomberg on Thursday. They also spoke with Choi, who said the team will be sure to target both crypto exchanges and mixing services. Mixers are tools that clear cryptocurrencies of their on-chain money trail – a quality which, contrary to popular belief, can make them a poor tool for money laundering.
“We’re going to make it our business to go after them and get those proceeds back and make it clear to them that they can’t hide,” Monaco said of criminals using cryptocurrencies.
Despite their traceability, cryptocurrencies can prove effective for financial crimes that are normally prevented through third-party intermediaries. One increasingly popular use case is ransomware attacks, which accounted for over $600 million worth of Bitcoin payments last year. Since Bitcoin transactions are peer-to-peer and irreversible, victims are left with nobody to help them if their funds are stolen.
The Justice Department’s new team, which is part of its criminal division, will consist of over a dozen crimin...
|Meet The Two Alleged Bitfinex Hackers: Ilya Lichtenstein and Heather Mor...
The recovery of the stolen BTC from the 2016 Bitfinex hack was the news of the day. That story’s protagonists, though, they’re legends in the making. You can already tell that Ilya Lichtenstein and Heather Morgan will live forever in meme form. Or are they just the money launderers for a bigger operation? And, did they really save the private keys to billions in BTC on the cloud? Or were they set up? Is law enforcement playing tricks on the public or are they the heroes of the day?
Imagine being a hacker (or money launderer) and keeping the unencrypted private keys to $3.5billion of #Bitcoin in an online account linked to your name
— Alistair Milne (@alistairmilne) February 8, 2022
We can’t answer those questions at the moment. What we can do is explore the Bitfinex hackers' social media to get a sense of who they are. But first, a summary.
What’s The Bitfinex Hack All About? And, Why Is It Relevant Now? The “Statement Of Facts” available at the justice.gov website does a good job setting the stage:
“In or around August 2016, a hacker breached Victim VCE’s security systems and infiltrated its infrastructure. While inside Victim VCE’s network, the hacker was able to initiate over 2,000 unauthorized BTC transactions, in which approximately 119,754 BTC was transferred from Victim VCE’s wallets4 to an outside wallet (Wallet 1CGA4s5 ). At the time of the breach, 119,754 BTC was valued...
|US Seizes 94,636 Bitcoin From 2016 Bitfinex Hack in 'Largest Crypt...
The U.S. Department of Justice (DOJ) has announced the seizure of 94,636 bitcoins directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex. This is the DOJ's 'largest cryptocurrency seizure to date.' In addition, two people have been arrested in connection with the hack and stolen cryptocurrency.
Bitfinex Hack's Stolen Bitcoins Seized, 2 People Arrested
The Department of Justice (DOJ) announced Tuesday that the U.S. government has seized stolen cryptocurrency directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex.
According to the announcement, this is the DOJ's 'largest cryptocurrency seizure to date, valued at more than $3.6 billion' at the time of the seizure. At the time of writing, the value of the BTC seized is more than $4 billion. The Department of Justice wrote:
Thus far, law enforcement has seized over $3.6 billion in cryptocurrency linked to that hack.
In addition, two people - Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31 - have been arrested for 'alleged conspiracy to launder $4.5 billion in stolen cryptocurrency' from the Bitfinex hack. Specifically, court documents show that they 'allegedly conspired to launder the proceeds of 119,754 bitcoin' that were stolen from the cryptocurrency exchange.
In the 2016 Bitfinex hack, stolen bitcoins were transferred in more than 2,000 transactions to a crypto wallet controlled by Lichtenstein. Over the last five years, approximately 25,000 stolen BTC were transferred out of his cry...
|Justice Department Recovers Bitfinex Hack Funds In Largest Ever Financia...
The FBI has arrested a husband and wife in Manhattan for allegedly conspiring to launder swaths of Bitcoin connected to the 2016 Bitfinex exchange hack. According to Reuters, over $3.6 billion worth of the asset has already been recovered by law enforcement.
The couple allegedly responsible is Ilya Lichtenstein (34) and Heather Morgan (31).
They are accused of conspiring to launder 119,754 Bitcoin after an attacker stole them through over 20,000 unauthorized transactions at the exchange in 2016.
Though the funds were worth just $71.8 million at the time of the hack, they are valued today at over $4.5 billion. This total even rivals MicroStrategy’s Bitcoin holdings, which are currently near 125,000 Bitcoin.
Deputy Attorney General Lisa Monaco remarked on the seizure, asserting that cryptocurrency is “not a safe haven for criminals”.
The arrest comes a week after tens of thousands of Bitcoin– about the same amount seized today – were caught moving from the initial hacker’s wallet in 2016, across 26 separate transactions.
“The FBI and federal prosecutors were able to trace the movement of Bitcoin from this hack,” said Matthew Graves, the U.S. Attorney for the District of Columbia.
The couple is expected to appear in Federal court at 3 pm EST today.