In a recent turn of events, ex-convict Martin Shkreli, known for his involvement in financial-related frauds, has emerged as a key figure in the creation of the controversial Donald Trump-themed token DJT. This revelation has sent shockwaves through the crypto community, raising questions about the token’s authenticity and allegations of insider trading surrounding its creation.
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The Founder and Chief Investment Officer of Ikigai Asset Management, Travis Kling, recently shared his insights on the state of Bitcoin and the broader cryptocurrency ecosystem. He mentioned that Bitcoin is around 10% off its all-time highs and expressed concerns about potential cannibalism in the market. Despite the NASDAQ performing well and setting new highs,
The world of Non-Fungible Tokens (NFTs) has seen a surge in popularity, with the Bitcoin network making a significant mark by ranking third in all-time sales. According to data from NFT tracker CryptoSlam, Bitcoin-based NFTs have achieved a total sales volume of $4.29 billion, surpassing the previous record held by the Ronin blockchain. This places
Growing up in Edo State, Nigeria, surrounded by my three siblings, I have always been guided by the wisdom and support of my parents. Their unwavering love and encouragement have been the foundation of my journey, shaping me into the person I am today. It was three years ago when I first delved into the
The current state of the cryptocurrency market is characterized by significant turbulence, leading to a notable shift in investor behavior towards Bitcoin. Traditionally considered the safest asset in the digital currency ecosystem, Bitcoin’s dominance has soared to a nine-week high of 57%. Amidst the chaos in the market, Bitcoin stands out as a beacon of
The recent decision by the SEC to close its investigation into Ethereum 2.0 has provided clarity on the status of ETH sales. The SEC determined that sales of ETH are not securities transactions, aligning with the classification of ETH as a commodity by the Commodity Futures Trading Commission (CFTC). This decision followed a letter from
The US Securities and Exchange Commission (SEC) has expressed concerns regarding Circle’s stablecoin, USDC, as the company moves towards a multi-billion dollar initial public offering (IPO). The regulatory agency has raised issues about the potential classification of USDC and other stablecoins as securities under US law. This is not the first time the SEC has
Recently, Brazil’s Special Department of Federal Revenue has announced that they will be collecting information from foreign crypto exchanges to ensure that they are complying with local regulations. This move comes as a response to the increasing activity in the country’s crypto market and the need to crack down on potential illegality. Deputy Secretary of
Recently, the Financial Supervisory Service (FSS) of South Korea has made it clear that it is not directly involved in the listing or delisting of virtual assets on local crypto exchanges. Instead, the FSS’s role primarily focuses on establishing listing standards and providing support in creating best practices. This clarification comes in response to rumors
David Hirsh, who held the position of Chief of the Crypto Asset and Cyber Unit at the SEC, recently announced his resignation from the agency after spending nine years with the regulator. In a post on LinkedIn, he expressed gratitude towards his colleagues, mentors, and friends for their support throughout his tenure. Hirsh mentioned that
Recent data from CoinShares reveals that crypto funds experienced significant outflows last week, marking a stark contrast to the five consecutive weeks of inflows that preceded it. The net outflows totaling $600 million were primarily concentrated in Bitcoin and Solana funds, with Bitcoin alone seeing $621 million in exits. These outflows coincide with a decline
In the midst of negative market conditions, Ripple’s XRP has managed to rise by 1% in the past 24 hours and 3% over the course of the week. This performance has outshined popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), all of which experienced a dip of approximately 3% during the
The Vatican Library has announced a groundbreaking project aimed at expanding its digital reach through the use of non-fungible tokens (NFTs) and Web3 technology. In a move that signals a new era of engagement with supporters, the library is granting non-transferable NFTs to backers of its manuscript collections. This initiative, currently in the experimental phase,
The Aavegotchi Rarity Farming Season 8 has been announced, bringing with it a substantial 150,000 GHST prize pool and exciting new features to enhance the competitive experience for players. Aavegotchi is a unique Web3 game that combines NFT collectibles, decentralized finance (DeFi), and gaming to create an engaging and immersive experience for participants. Aavegotchis are
The renowned crypto analyst, Jelle, has made a bold prediction regarding Ethereum’s price, projecting it to surge to $5,000 by the end of the year. This forecast comes at a time when Ethereum is experiencing a period of stabilization above the $3,500 mark, following a correction from its peak in March. The current market dynamics
Bitcoin experienced a whirlwind of volatility on Monday, particularly during the evening hours, plunging to a new monthly low of $64,000. The altcoins also saw significant fluctuations, with many experiencing massive declines. This resulted in a staggering 190,000 traders being liquidated on a daily basis. The leading cryptocurrency had a relatively calm weekend, hovering around
Telegram Mini-Apps Tapswap and Yescoin have announced their plans to introduce their own tokens on The Open Network (TON). This move underlines the increasing integration of blockchain technology in mobile gaming, driven by the growing popularity of clicker games on the Telegram platform. Tapswap and Yescoin: A Closer Look Tapswap and Yescoin, two of the
David Hirsch, the SEC crypto asset enforcement chief, recently announced his departure from the agency after nearly nine years of service. During his tenure, Hirsch led the Crypto Assets and Cyber Unit team within the Division of Enforcement, overseeing a significant number of crypto-related cases. His leadership was marked by a commitment to upholding the
The fallout from the collapse of FTX has sparked a new legal battle over the millions of dollars in assets seized from Sam Bankman-Fried (SBF), the former CEO now serving a 24-year prison sentence. Multiple parties are vying for control of these assets, which range from airplanes to shares of Robinhood stock once owned by
Shiba Inu’s layer-2 scaling solution, Shibarium, has been garnering attention for its recent surge in one key indicator – the number of new accounts on the network. This indicator skyrocketed by over 860%, from just 16 to 154 within a day, hinting at a potential increase in interest and activity within the protocol. This surge
The Ethereum Foundation recently made a significant transaction involving millions of ETH tokens, sparking interest and concern within the crypto community. The transfer of 18,089 ETH, worth a staggering $64.4 million, to a new address has raised questions about the Foundation’s intentions. With a history of selling tokens at the peak, many are speculating on
Liquid staking and the concept of liquid restaking have become significant topics in the cryptocurrency space over the past year. One platform that has been generating interest in this area is Lista DAO, which is introducing an open-source liquidity protocol designed to earn yield on collateralized cryptocurrencies like BNB, ETH, stablecoins, and other assets. The
Bitcoin has been facing a downward trend in recent days, causing concern among investors. However, some analysts are starting to see faint bullish signals that could hint at a potential market reversal. One such indicator is the Bitcoin Taker Buy Sell Ratio, which tracks the balance between buy and sell orders on exchanges. While the
SnakeTON, an innovative Web3 survival GameFi built on the TON platform, has been making waves within the Telegram app, leveraging its massive 900-million user base. This groundbreaking game allows players to control snakes in various game modes, aiming to become the fastest and largest snake through strategic movements, skill upgrades, and equipment enhancements. In the
During the annual Consensus conference in Austin, Bitwise, a U.S. spot Bitcoin ETF issuer, made a bold prediction. The company suggested that the combined forces of the cryptocurrency industry and artificial intelligence (AI) could inject a staggering $20 trillion into the global GDP by the year 2030. This forecast sparked discussions among industry leaders about
The report released by Coinbase earlier this week highlighted a concerning trend of declining crypto talent in the US. According to the report, there has been a significant decrease in the number of US-based crypto developers, down by 14 points over the past five years to just 26% today. This decline in talent is seen
Recent events in the ongoing dispute between Nigeria and Binance have taken a new turn. The Federal Inland Revenue Service (FIRS) of Nigeria has decided to drop tax evasion charges against Tigran Gambaryan, the head of financial crime compliance at Binance, and Nadeem Anjarwalla, the exchange’s director for Africa operations. The saga began in late