The PEPE memecoin has become the latest sensation in the cryptocurrency world, with its frog-themed coin making many people millionaires overnight. However, the frenzy surrounding the coin has also led to the creation of numerous scam tokens. Scams and Frauds Blockchain security firm PeckShield has identified at least 10 memecoin scams, including PEPEDOGE, PEPEC, WOW,
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Web3 payments refer to payments made using cryptocurrencies and blockchain technology. There are several benefits to using Web3 payments over traditional payment methods. Firstly, cryptocurrency payments are faster and more secure due to the immutable nature of blockchain technology. Secondly, they have lower transaction fees, which can significantly increase a merchant’s profit margins. Thirdly, they
Kim Nam-kuk, a representative in the South Korean National Assembly, has announced his departure from his political faction due to a growing scandal surrounding his alleged cryptocurrency dealings. In a Facebook post on Sunday, Kim stated that he would briefly leave the Democratic Party in order to not be a burden on the party and
Tether (USDT), a stablecoin issuer, has emerged as the preferred stablecoin amid the recent banking turmoil in the United States. According to the latest attestation report, Tether has recorded a net profit of almost $1.5 billion in Q1 2023. Tether’s Reserves and Investments Tether’s excess reserves reached an all-time high of $2.44 billion in Q1,
A recent study conducted by Goldman Sachs has found that 32% of family offices globally have exposure to digital assets, non-fungible tokens (NFTs), or decentralized finance (DeFi), while 26% have explicitly invested in cryptocurrencies. The survey contacted 166 family offices in the Americas, Europe, the Middle East, Africa, and Asia-Pacific to determine how their investment
Bitcoin attempted to surpass $27,000 recently, but it failed due to low weekend trading volumes, and has remained relatively stagnant. The altcoins have also not seen any significant price movements, with ETH currently holding onto $1,800 and BNB increasing to $310. The past few days have not been kind to the primary cryptocurrency, with it
According to a report by market intelligence firm Messari, the Tron blockchain experienced an increase in usage during the first quarter of 2023. The network activity remained mostly unaffected by several lawsuits announced by the US Securities and Exchange Commission (SEC) against Tron ecosystem tokens. The Tron blockchain’s native token, TRX, witnessed a nearly 20%
Bitcoin has recovered from a recent slump, during which it fell below $26,000 to reach a two-month low. However, the asset has since bounced back and reclaimed $27,000. Although bitcoin had reached a multi-day high of $28,400 after the release of US CPI numbers for April, this pump was short-lived and followed by a severe
Harvard economics professor Kenneth Rogoff has shared his thoughts on the U.S. economy, a potential U.S. default, and the risk of a global financial crisis in a recent interview. Rogoff, who is the Maurits C. Boas Chair of International Economics at Harvard University and a former Chief Economist and Director of Research at the International
After days of congestion, the backlog of unconfirmed bitcoin transactions is finally starting to clear up as miners catch up. According to statistics from mempool.io, high-priority transactions were priced at $3 per transfer, while low-priority transactions cost $2.23 per transfer on May 11. However, onchain fees have significantly subsided over the past three days. A
Larva Labs is a company that has revolutionized the world of Non-Fungible Tokens (NFTs) since its inception in 2017. Founded by Matt Hall and John Watkinson, who have a rich background in technology and creativity, Larva Labs has introduced groundbreaking projects such as CryptoPunks, Autoglyphs, and Meebits. CryptoPunks, the first project by Larva Labs, was
Meme coins have become the latest sensation in the crypto market, with some assets generating significant returns and gaining support from public figures. However, finding the best value-driven meme coins can be challenging, especially for new investors. One of the top picks among the trending cryptocurrency coins today is $HOMER, the native coin of Homer
Bitcoin (BTC) is on track to finish the week with a cut of over 5%, pulling several altcoins down with it. However, the cryptocurrency saw a solid bounce on May 12, with analysts anticipating a potential recovery. Concerns Over Bitcoin According to Material Indicators, the lack of “whale” support at lower levels could be a
The ongoing banking crises in the financial sector and recent interest rate hikes by the Federal Reserve have left investors feeling uncertain. Treasury Secretary Janet Yellen’s forecast of an impending recession has only added to this unease. This pessimistic outlook has also affected the crypto industry, which has seen a decline of 0.01% in the
The lower house of the Russian parliament, the State Duma, is set to adopt four laws related to cryptocurrency during its spring session, which ends on July 30. The parliamentary Financial Market Committee chairman, Anatoly Aksakov, revealed that the bills will regulate cryptocurrency mining, cross-border crypto payments, taxation of digital assets, and liability for their
The BRC-20 token standard has recently become the talk of the town in the crypto industry. It has gained significant attention due to the memecoin craze. This token standard is still subject to some constraints regarding the broader crypto landscape. Bitfinex, a leading crypto exchange, has recently released a report emphasizing the potential of this
The topic of memecoins’ security and dependability as a medium of exchange remains a hotly debated topic in the world of cryptocurrency. While memecoins are considered safe and decentralized by some, their volatility and lack of oversight concern others. Proponents of memecoins argue that their decentralized nature gives users more control over their money and
According to data from cryptoslam.io on May 14, 2023, Bitcoin NFT sales have become a significant contributor to the digital collectible sales landscape among 21 distinct blockchains. While Ethereum NFT sales continued to dominate with $111.26 million in sales, Bitcoin-based NFTs, also known as Ordinal inscriptions, secured the runner-up position. The data demonstrates that Bitcoin
NFTs have been shaking up the art world, tech world, and other subcultures since 2021. In 2022, artists and collectors made fortunes off NFTs, with significant brands launching NFT and Metaverse projects. However, the market started to falter towards the end of the year, and many in the NFT space feel the pinch of this
The People’s Court of Ho Chi Minh City is currently trying 16 Vietnamese individuals who are suspected of being behind a $1.5 million cryptocurrency robbery and kidnapping. Among these suspects are two ex-police officers. The incident began in 2018 when Le Duc Nguyen advised Ho Ngoc Tai to sell around 1,000 BTC to purchase other
This week has seen Ethereum, Ripple, Cardano, Pepe, and Dogecoin take center stage in the cryptocurrency market. Ethereum has fallen by 7.4% since the market turned red, and the $1,800 level has become a resistance level, signaling a significant change in the structure. The momentum has turned bearish, and the coming week may see a
Elon Musk, the entrepreneur and CEO of Twitter, announced that he has found someone to replace him as the chief executive officer of the social media platform. In a tweet, he confirmed that he would be staying with the company but in other executive roles. Musk did not reveal the identity of the new CEO
ATPBot is a groundbreaking platform that combines AI technology with quantitative trading. It is the first trading bot of its kind, with unparalleled performance in the industry. Like ChatGPT, ATPBot uses machine learning algorithms to generate profitable trading strategies. It is designed to provide personalized trading strategy recommendations based on quantitative artificial intelligence analysis. By
Ripple’s current price is in a precarious position as it approaches a crucial support region consisting of the 200-day moving average and the $0.41 price zone. If the price falls below this critical level, it could potentially trigger a significant downturn toward the descending trendline. Looking at the daily chart, it is evident that after
Binance, a leading cryptocurrency exchange, announced on May 12 that it would be halting operations in Canada. The company explained that it was joining other crypto companies that are proactively withdrawing from the Canadian marketplace. Although Canada is a small market that holds sentimental value for Binance, the recent regulatory guidance has made operating in
The Securities and Exchange Commission (SEC) recently revealed that Coinbase CEO, Brian Armstrong, was granted security benefits of $6.3 million in 2022, more than triple the amount in the previous year. The disclosure has coincided with a regulatory tussle for Coinbase in the United States. Compensation and Benefits Armstrong’s total compensation for the year was
MakerDAO, the company behind the Dai stablecoin and Maker governance token, has unveiled its Endgame roadmap, which includes a heavy emphasis on artificial intelligence (AI) technologies and the development of a new blockchain. The first phase of the project involves a full rebranding to unify the Dai (DAI) and Maker (MKR) brands. While Dai and