Mastercard launches new product to help banks combat crypto-related crime

Mastercard announced it would debut a software product that helps banks detect and block fraudulent transactions from going through crypto exchanges, according to a report on October 4, 2022. The new product, Crypto Secure leverages “sophisticated” synthetic intelligence algorithms to assess the risk of crime associated with crypto exchanges on the Mastercard payment network. The software…

Genokishi up 26% in September as project rebrands to the GENSO metaverse

Gensokishi, the Japanese web3 MMORPG based on the Nintendo and Playstation 4 game Elemental Knights, was up 26% in September amid a rebrand. The project has repositioned itself as the GENSO metaverse, with the game now being a part of a larger metaverse. The native token, MV, hit a low of $0.20 on Sept. 19…

Over $4B laundered through DEXs, coin swaps and cross-chain bridges, Elliptic reports

Blockchain security company Elliptic revealed that around $4 billion had been laundered through decentralized exchanges, cross-chain bridges, and coin swaps since 2020. According to the report, the illegal use of DEXs usually comes in the form of coin swapping. This could be swapping tokens to avoid asset freeze, swapping for ETH, or swapping tokens to…

Coinbase documentary “COIN” to debut Oct. 7

Coinbase worked closely with Emmy-winning filmmaker Greg Kohs to share the insider story behind building the first publicly traded cryptocurrency exchange. Coinbase CEO Brian Armstrong shared the COIN trailer on Oct. 4 adding that the documentary was created to show the good, bad and ugly sides of building a tech startup. 1/ Big announcement: we’ve…

DOGE up 8% as Elon Musk makes new acquisition offer for Twitter

Trading has halted on Twitter as Elon Musk has reportedly reissued his original offer of $54.20 per share to buy the company. The stock was up 12% on the day before trading was halted. Musk had discussed adding the capability for users to pay for Twitter’s premium service, Twitter Blue, using Dogecoin prior to the…

Riot Blockchain produced over $7.1M worth of BTC in September

Riot Blockchain, a Bitcoin mining company based in Texas, produced 355 BTC in September this year. The news is part of Riot’s unaudited production and operations updates for last month, in which the company disclosed its BTC holdings, sales, and profits. According to the announcement, Riot’s 355 BTC production represents a 13% decrease as compared…

Crypto giants criticize Twitter on scam, bot accounts impersonating them

Stakeholders in the crypto community are complaining about the prevalence of scam bots accounts on Twitter, urging the social media site to find a solution to the menace. Ripple’s (XRP) CEO Brad Garlinghouse shared a mail where the social media platform refused to block an account impersonating him, saying the account was “not in violation…

Climate start-up partners with Ripple to launch marketplace for carbon credits

Web 3 climate start-up Thallo inked a partnership deal with Ripple (XRP) and various other companies to build a first-of-its-kind marketplace that brings buyers and sellers of high-quality carbon credits. Thallo’s platform runs on Ripple’s XRP and focuses on the pricing problem of the current carbon market. With its new platform, buyers and sellers will…