Robinhood’s crypto division recently settled a California investigation by agreeing to pay a $3.9 million fine. The investigation revealed that Robinhood Crypto prevented users from withdrawing their digital assets from 2018 to 2022, leading to issues with transparency and user control over their investments. This lack of access to assets raises concerns about the company’s
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The recent hacking incident involving the Indian crypto exchange WazirX has sent shockwaves across the cryptocurrency community. The hacker responsible for the theft of over $235 million has taken advantage of sanctioned Tornado Cash to launder around $10 million in the past 24 hours. This has raised serious concerns about the security measures in place
Samuel Edyme, also known by his nickname HIM-buktu, is a multifaceted individual with a diverse skill set. Despite initially falling victim to a Ponzi scheme that utilized crypto as payment, Edyme did not let this setback deter him. Instead, he leveraged this experience to delve into the world of crypto and conduct over three years
The Future Forward USA PAC, a supporter of Vice President Kamala Harris’ presidential campaign, has recently announced that they are now accepting crypto donations through Coinbase Commerce. This decision came after some initial confusion caused by comments made by Coinbase’s Chief Financial Officer, Alesia Haas, during Citigroup’s 2024 Global TMT Conference in New York. Haas
X Empire is not just your average tap-to-earn crypto game; it is a revolutionary experience that combines the thrill of virtual mining with the allure of cryptocurrency. Players engage in mining activities by simply tapping their screens, generating in-game currency in the process. This currency, known as $XEMP, can be converted into the game’s native
The recent price volatility in the Bitcoin market, with a crash below $50,000 last month, has raised concerns among investors. This significant drop has slowed down the momentum of the anticipated bull run that many analysts have been predicting. Despite the current price lull, some crypto experts believe that the Bitcoin bull run is still
The US Securities and Exchange Commission (SEC) recently brought charges against hedge fund Galois Capital Management LLC for its mishandling of a private fund that predominantly invested in cryptocurrency assets. The SEC alleged that Galois Capital failed to adhere to client asset safeguarding regulations, especially regarding cryptocurrencies classified as securities. As a result, Galois Capital
Bitcoin’s price has been fluctuating due to various economic factors, including the looming threat of a US recession. With Bitcoin dropping from $59,076 to $57,127 during the early Asian trading session, it closed the week at $57,565. The uncertainty in financial markets due to the potential recession is affecting the trajectory of Bitcoin’s price movement.
Despite the completion of the highly anticipated Chang upgrade, Cardano has experienced a drop in price. The Chang hardfork brings several key changes to Cardano, such as on-chain voting, Delegate Representatives, enhanced smart contract capabilities, and a new governance structure with cost model improvements. Now, ADA holders have the ability to vote directly on governance
Arthur Hayes, the co-founder and former CEO of BitMEX, has recently predicted that Bitcoin could potentially decline to $50,000 amidst the current market downtrend. He has expressed concerns about the broader macroeconomic environment, particularly focusing on the actions of the Federal Reserve and dynamics within the US Treasury market. Hayes remains long on Bitcoin and
WazirX has initiated the second phase of its fiat currency withdrawal process earlier than planned, starting on Sept. 3 instead of the original date of Sept. 9. This decision comes on the heels of a major security breach that resulted in the theft of over $230 million in user assets. CEO Nishal Shetty announced the
Samuel Edyme, also known by his moniker HIM-buktu, is a multifaceted individual with a wide array of skills and experiences. As a web3 content writer, journalist, and aspiring trader, Edyme has navigated through the turbulent waters of the crypto universe with resilience and determination. His journey into the world of cryptocurrencies did not begin on
Ripple has recently revealed that Yonsei University in South Korea has become a participant in its University Blockchain Research Initiative (UBRI) program. This collaboration marks the addition of Yonsei University to Ripple’s global UBRI partnerships, totaling 58 institutions worldwide, with 12 of them based in the Asia Pacific region. The focus of this partnership is
The U.S. Securities and Exchange Commission recently announced a new set of charges against Galois Capital, a crypto-focused advisory firm with client assets at FTX. As a result of these charges, Galois has agreed to pay a civil penalty of $225,000, which will go towards compensating harmed investors. The SEC discovered that Galois failed to
Mobile gaming enthusiasts are eagerly anticipating the release of Rebel Skies, a new game developed by the American studio Faraway Games. This innovative game is set to launch in October 2024 and is generating excitement due to its unique combination of action, real-time strategy (RTS), and deck building genres. Rebel Skies represents a significant shift
US Securities and Exchange Commission (SEC) Commissioner Mark T. Uyeda recently brought attention to the necessity of developing specialized S-1 registration forms tailored specifically for digital asset securities. During a speech at the Korea Blockchain Week 2024 event, Uyeda underscored the importance of adapting the SEC’s regulatory tools to accommodate the unique characteristics of digital
The Ethereum market is currently experiencing a significant shift, with rising exchange reserves indicating a potential new distribution phase. CryptoQuant’s Ethereum Exchange Reserve metric, which monitors the amount of ETH held in exchange wallets, has shown a concerning trend. An increase in this metric often suggests that traders are moving their ETH onto exchanges in
The recent detention of Tigran Gambaryan, an American executive of Binance, by the Nigerian government has caught the attention of many, including Binance CEO Richard Teng. In a public statement, Teng criticized the Nigerian government for its treatment of Gambaryan, highlighting a disturbing viral video that showcased Gambaryan’s struggle to walk into a courtroom. This
The crypto market has been experiencing a lackluster performance, accompanied by a significant decline in whale activity across major crypto assets. Recent analysis by Santiment has highlighted a noticeable drop in $100k+ transactions for both Bitcoin and Ethereum, indicating a slowdown in large holder activity. During the active period of March 13-19, Bitcoin saw 115.1k
The Open Network (TON) and its native token have been experiencing significant swings and challenges in recent days. Just last week, the network faced outages due to high demand for DOGS, causing disruptions for users. However, the most recent development saw the price of TON plummet by over 90% in just minutes on CoinMarketCap. The
Recently, the crypto analyst known as ‘Titan of Crypto’ shared with his 90,000 followers a unique technical pattern that is currently unfolding in the market. This pattern involves a golden cross forming between the 100-day moving average and the longer 200-day moving average. While a typical golden cross involves a shorter time frame moving average
The recent performance of Ethereum has left many traders disappointed as it has failed to meet expectations in the past few months. Currently, Ethereum is stuck in a bearish trend, with its price experiencing a decline of 23% over a 30-day period. This downward trend has come as a surprise to many ETH investors who
Season 1 of MetalCore is about to kick off with a bang, bringing along a plethora of gameplay enhancements and new missions for players to dive into. One of the most anticipated additions is the “Intro Mission,” designed to provide both new and experienced players with a more refined understanding of the game’s mechanics and
The recent filing by the US Securities and Exchange Commission (SEC) regarding the FTX bankruptcy case has raised serious concerns over the proposed repayment strategy. The plan to repay creditors through stablecoins or other digital assets has sparked a debate within the regulatory realm, with the SEC reserving the right to challenge these transactions under
In the Crypto Wealth Report 2024 by Henley & Partners, it was revealed that the number of individuals holding over $1 million in digital assets has significantly increased by 95% to 172,300. This surge comes at a time when the total value of the crypto market has also risen to $2.3 trillion, marking an 89%
The crypto space is no stranger to security breaches, with recent data revealing that the industry witnessed a staggering $313 million in losses attributed to over ten different hacks in the past month alone. Shockingly, a whopping 93.5% of the stolen funds were the result of just two large phishing attacks that rocked the digital
In recent data collected by Bitbo, it is evident that Bitcoin miners experienced a significant decline in revenue generation during the month of August. The numbers paint a bleak picture, with only $827 million secured in mining activities, a stark contrast to the previous month’s $927.35 million. This decline marks a 57% drop from the