Chain News by Thebittimes.Com

The total value locked (TVL) in Real-World Assets (RWA) has seen explosive growth over the last year, with the TVL surging to $8 billion. The Real-World Assets sector has experienced substantial growth over the past year, with new protocols emerging that broaden the range of tokenizable assets. This expansion has propelled the TVL from approximately $2 billion at the start of 2023 to nearly $8 billion. According to a detailed Analysis by Messari released in May, stablecoins like USDC and USDT have dominated asset tokenization, representing the bulk of on-chain tokenized assets .  Picks for you Why you can't bank on single stock to make you a millionaire  29 mins ago Buy signal for the two most oversold cryptocurrencies today 39 mins ago Gold trades below $2,300 amid anticipated Fed shakeup 3 hours ago AI predicts SHIB price for May 31, 2024 3 hours ago However, the landscape began to shift significantly over the past year with the advent...

The JPEX scandal has grown to become one of the largest fraud case in the country with over 2300 victims and losses estimated over $175 million. Hong Kong security chief Chris Tang Ping-keung has vowed to bring justice to people who fell victim to the JPEX crypto exchange fraud, local media has reported. The security chief's office on Wednesday said that the police are actively looking for the key operators behind the JPEX crypto exchange that orchestrated the country’s largest digital asset fraud. During a press conference on Sept. 27 Chris Tang revealed that the police have made 12 arrests in the case so far and seized more than $1 million (8 million Hong Kong dollars) in cash, as well as assets worth $9.8 million (77 million HK dollars), including real estate and virtual currency, according to a report  by the South China Morning Post. Tang added that the police are actively looking for the ringleaders in the case and called their capture a major factor in solving the ca...

The US Securities and Exchange Commission has frozen the asset s of Utah-based crypto mining firm Digital Licensing Inc., alleging a $50 million fraud ulent crypto scheme. On Aug. 3, the SEC announced that it had obtained a temporary asset freeze, along with a restraining order and emergency relief, against the company operating under the name “DEBT Box” and people associated with the company. The enforcement actions included four principals of the firm, Jason Anderson, his brother Jacob Anderson, Schad Brannon, and Roydon Nelson, as well as 13 other defendants who were allegedly involved in the fraud ulent activities. SEC exposes sham behind ‘node licenses’ According to the SEC, Digital Licensing Inc. has been selling unregistered securities, referred to as “node licenses,” since March 2021. The company’s website, DEBT Box, claims to be a decentralized and eco-friendly blockchain platform that combines crypto and commodities. It offers...

Since Feb. 14, Voyager has sent crypto assets to Coinbase on an almost daily basis, alleges on-chain analyst Lookonchain. Voyager Digital, the centralized finance (CeFi) platform that filed for Chapter 11 Bankruptcy in July 2022, is reportedly selling asset s through the Coinbase crypto exchange. On -chain data suggest that Voyager received at least $100 million in USD Coin (USDC) in three days, starting Feb. 24. Since Valentine’s Day, Feb. 14, Voyager has sent crypto assets to Coinbase on an almost daily basis, alleges on-chain analyst Lookonchain. The investigation shows that Voyager transferred millions of dollars using a mixed bag of cryptocurrency tokens, including Ether (ETH), Shiba Inu (SHIB) and Chainlink (LINK). 1/ It seems that #Voyager is selling assets through #Coinbase. We noticed that #Voyager has received 100M $ USDC from #Coinbase in the past 3 days. And #Voyager has sent assets to #Coinbase almost every day from Feb 14.https://t.co/VW8o8dBQtqhttps://t.co/qbHt0r7VN...