🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
We have reached the “severed fingers and abductions” stage of the crypto revolution
Arstechnica
·
2m ago
Medial
A recent spate of violent crimes in Europe involves kidnappings targeting individuals or their relatives connected to cryptocurrency wealth. These incidents include abductions and mutilations, like severed fingers, often demanding large crypto ransoms. Notable cases involve a Parisian father kidnapped for his son's crypto fortune and a similar situation involving a crypto influencer’s family. This trend underscores growing threats faced by those exhibiting substantial cryptocurrency holdings, as attacks are motivated by perceived anonymity and wealth flaunted online.
View Source
3
Related News
Kidnapped father of crypto-millionaire freed in French police raid
Economic Times
·
3m ago
Medial
French police freed a kidnapped man near Paris, father to a crypto-millionaire, during a weekend raid, arresting five individuals. The abduction involved a ransom demand between €5-7 million, but no payment was made. The victim faced brutalities, with one finger severed. This incident follows a trend of crypto-related kidnappings, echoing the January kidnapping of a crypto firm co-founder, David Balland, also involving severe ransom demands and mutilation, prompting police interrogation of suspects for multiple severe charges.
View Source
Crypto elite increasingly worried about their personal safety | TechCrunch
TechCrunch
·
2m ago
Medial
Cryptocurrency executives and investors are increasingly concerned about personal security due to rising threats of violent abductions and breaches, such as the recent Coinbase incident exposing personal information. For instance, the CEO of Paymium faced an attempted abduction involving family members. Security firms like Infinite Risks International report a surge in proactive security inquiries. Coinbase spent $6.2 million on CEO Brian Armstrong's personal security, reflecting heightened security needs in the crypto sector.
View Source
Humans can be free from jobs that computers can do: Ola CEO on AI
Hindustan Times Tech
·
1y ago
Medial
Speaking on artificial intelligence (AI) revolution, Ola CEO Bhavish Aggarwal said, "We humans can finally aspire to be free from doing jobs that...computer can do and truly expand the frontiers of knowledge and creativity." "AI revolution is happening fast and it will propel human productivity, accelerate science and discovery," he added. Aggarwal has announced an AI chat app named 'Krutrim'.
View Source
Binance might be peak for US crypto enforcement cases, says CFTC official
Economic Times
·
1y ago
Medial
A senior U.S. regulator believes that enforcement actions against crypto firms may have reached a peak following the $4.3 billion settlement with Binance. The settlement, which was for U.S. anti-money laundering and sanctions law violations, could serve as a "template" for governing similar cases. The regulator encouraged crypto firms to study the settlement to understand the type of governance regulators expect. The CFTC also emphasized the need for better disclosures and mentioned the growing trend of regional crypto hubs as regulations become clearer.
View Source
A DOJ Settlement Would Show Binance Is Too Big to Fail
Wired
·
1y ago
Medial
According to a report from Bloomberg, the US Department of Justice (DOJ) is reportedly in negotiations with Binance, the world's largest crypto exchange, for a potential settlement. The DOJ has been investigating Binance for suspected money laundering and other violations for the past five years. The settlement, if reached, could involve a deferred prosecution agreement and a $4 billion financial penalty. This move by the DOJ reflects a potential concern for the impact a conviction could have on Binance's users and the broader crypto industry.
View Source
Indian Cryptocurrency Market Sees Resurgence On Bitcoin’s All-time High Rally
Inc42
·
1y ago
Medial
The demand for cryptocurrencies has surged in India, with trading volumes on major exchanges increasing significantly. Bitcoin reached all-time highs of $72,000 and $73,000, attracting new investors. Indian crypto platforms are offering incentives to attract new users, and homegrown platform Mudrex has launched Bitcoin spot ETFs for Indian investors. CoinSwitch claimed to have become the first Indian exchange to surpass 2 million users, while CoinDCX and WazirX also noted significant growth in trading volumes. However, industry leaders are calling for balanced regulation to control outgoing crypto transactions.
View Source
Are We Really Doing the Bitcoin Hype Cycle Again?
Gizmodo
·
1y ago
Medial
The article discusses the renewed interest in cryptocurrency following the crash of 2022. Bitcoin has reached its highest price since 2021, and there is excitement over the SEC's approval of spot Bitcoin ETFs. However, the author warns against blindly following the crypto hype cycle, citing past instances of heartbreak for investors. They argue that crypto is a Ponzi scheme and highlight its association with illegal activities. The article also questions the timing of investments, as timing the market can be challenging. Overall, the author advises caution and emphasizes the potential risks involved in crypto investments.
View Source
CZ has left Binance, SBF Is in jail. Crypto is about to get boring
Wired
·
1y ago
Medial
In a significant development, Binance, the world's largest crypto exchange, and its founder Changpeng Zhao (CZ) have pleaded guilty to criminal charges in the US. According to the indictment, Zhao prioritized growth and profits over compliance, leading to clashes with regulators. The agreement reached with the US Department of Justice requires Binance to pay a $4.3 billion penalty, operate under tighter supervision, and replace Zhao as CEO. The appointment of Richard Teng, a former regulator, as the new CEO signals a shift towards cooperation with regulators in the crypto industry. This outcome is seen as a positive step in cleaning up the industry's image.
View Source
Venture capital funding in crypto rises to $2.4 billion: PitchBook
Economic Times
·
1y ago
Medial
Crypto startup funding reached $2.4 billion in the first quarter of 2024. This marks a second consecutive quarterly increase as interest in cryptocurrencies grows. The rise in funding can be attributed to lower interest rate expectations and the launch of the first U.S. bitcoin spot ETF, which boosted investor confidence. Although global venture capital investments dropped, investments in digital asset startups have seen recovery. Infrastructure-building startups in the crypto and blockchain industry received the most funding. The largest deal was a $106 million investment in decentralized cloud platform Together AI. Mergers and acquisitions are expected to increase later in the year as the market matures.
View Source
Bitcoin jumped and Coinbase’s app crashed, while Aptos eyes Hong Kong and Telegram rolls out rewards with TON
TechCrunch
·
1y ago
Medial
This week in crypto, Bitcoin's price surged over $60,000 and Coinbase's app crashed. Telegram unveiled plans to reward users with TON coins on the TON blockchain, while Nigerian crypto users faced challenges with exchanges. The total crypto market cap reached $2.34 trillion, with Bitcoin and Ethereum both experiencing significant gains. In the podcast episode, Steve Kaczynski, co-author of "The Everything Token," discussed NFTs, their adoption, and the importance of building understanding and community in the sector. Funding was secured by Silence Laboratories, Initia, Asymmetric Financial, Backpack, and Etherfi.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
