Samuel Edyme, also known as HIM-buktu, is not your average web3 content writer or journalist. His journey into the world of crypto did not start with a successful investment, but rather with a scam that lured him in. This Ponzi scheme, disguised as a crypto payment opportunity, served as a lesson for Edyme to become
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Bitcoin, the world’s largest cryptocurrency, is facing a new bearish death cross, according to a recent analysis. The analyst, known as ‘Mags,’ highlighted key pattern formations and future outlook for Bitcoin. This bearish death cross occurs when the 50-day Moving Average (50 MA) crosses below the 200-day Moving Average (200 MA) on the daily chart.
In a recent landmark ruling by the Dubai Court of First Instance, cryptocurrencies have been officially recognized as a valid mode of salary payment in the United Arab Emirates. This ruling sets a precedent in employment contracts, signaling a significant shift towards the adoption of digital assets in the region. The case in question involved
The crypto market has seen a significant increase in Cardano’s trading volume in the past 24 hours. Data from various sources such as CoinGlass and CoinGecko show a surge in trading activity, with volumes reaching impressive levels. However, despite this surge in volume, the price of ADA, Cardano’s native token, has not seen a corresponding
Recently, blockchain investigator ZachXBT uncovered a shocking case of theft involving North Korean developers who reportedly stole $1.3 million from a project’s treasury. The nefarious act was carried out by individuals hired under false identities who injected malicious code into the system, enabling them to transfer funds without authorization. According to ZachXBT, the stolen funds
Ethereum, the leading altcoin in the cryptocurrency market, has been facing challenges in recent years. Market researcher DeFi Ignas’s analysis highlights the struggles Ethereum has had in keeping up with its peers. The declining value against Bitcoin and the underperformance compared to Solana have raised concerns about the future prospects of Ethereum. Ignas points out
In a groundbreaking move towards making cryptocurrencies more accessible for everyday purchases, MetaMask has joined forces with Mastercard and Baanx to introduce the MetaMask Card. This innovative card, currently being tested with a limited number of cards in the UK and EU, functions as a debit card that leverages the user’s cryptocurrency holdings from their
The price of Bitcoin dropped by 2.5% on Wednesday to $59,100 following the news that the U.S. government had transferred more of its Silk Road-associated Bitcoin holdings to Coinbase Prime. This move raised concerns among investors and analysts about the impact of such large transactions on the market. According to reports from the on-chain analysis
Ethereum has been facing significant downward pressure in the crypto market recently, experiencing multiple crashes that pushed its price back towards $2,000. This has dashed hopes of a new all-time high in the third quarter, leaving many investors uncertain about the future trajectory of the cryptocurrency. Despite the recent setbacks, there is speculation from crypto
Sahil Arora, a prominent figure in the crypto industry, made headlines this year with his reported earnings of $3 million. Initially estimated at $30 million, Arora’s journey from India to Dubai saw him collaborating with celebrities like Floyd Mayweather and Caitlyn Jenner to promote various meme coins. Starting with the Vuzelaa Group in 2017, which
As the Bitcoin price continues to trade sideways, uncertainties on the macro side have left investors undecided about their next move. Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory, suggesting that the crypto could potentially drop to as low as $48,000. Van de Poppe mentioned in a social media post
As Bitcoin continues to gain mainstream acceptance, more and more institutions are jumping on the bandwagon and investing in the cryptocurrency. This shift has led to a significant change in the landscape of Bitcoin holders, with large institutions now dominating the market. In fact, the top Bitcoin wallets are no longer held by private individuals,
Despite market volatility and declining prices in Q2, U.S.-based institutional investors continue to show strong support for Bitcoin through spot ETFs. According to Bitwise, around 66% of institutional investors either maintained or increased their holdings during this period. This trend is highlighted by the increase in filings associated with spot Bitcoin ETFs, with a total
In the world of cybercrime, the landscape is constantly evolving and becoming more sophisticated. Despite an overall decrease in illicit transactions, there has been a concerning rise in stolen funds and ransomware attacks. The amount of stolen funds in crypto scams has nearly doubled from $857 million to $1.58 billion by late July, indicating a
At a recent Crypto4Harris event, Senate Majority Leader Chuck Schumer made a strong case for the importance of regulatory clarity in the crypto industry. He emphasized the need for bipartisan collaboration to shape the future of the industry and highlighted Congress’s responsibility to enact common-sense regulations for crypto. Schumer’s goal is to pass comprehensive crypto
The gaming industry has been facing a growing problem with automated bot accounts causing disruptions for developers and genuine players alike. Reports indicate that a significant portion of Web3 users, including those participating in NFT allowlists and games, are bots. This poses a serious threat to the gaming ecosystem, diverting rewards from legitimate players to
After falling victim to a $235 million hack, Indian crypto exchange WazirX has made the decision to terminate its asset custody arrangement with Liminal. In a statement released on August 14, WazirX declared its intention to transfer assets from Liminal to new multi-signature wallets in order to bolster the security of its remaining assets post-breach.
Metaplanet recently made a significant investment in bitcoin, purchasing approximately $3.3 million worth of the cryptocurrency. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With the latest purchase, Metaplanet now possesses a total of 303.095 BTC acquired for $20 million. Earlier this month, the company announced securing
Recently, cryptocurrency exchange Binance found itself at the center of a regulatory storm in Brazil. The Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, demanded that Binance cease its unauthorized activities in the country or face significant fines. This marked the end of a year-long investigation into Binance’s operations in Brazil, specifically focusing on unlicensed
In a groundbreaking move, the Singapore-based cryptocurrency exchange Crypto.com has forged a unique partnership with the Union of European Football Associations (UEFA) Champions League. This partnership marks a significant milestone for both the cryptocurrency industry and the world of sports sponsorship. Crypto.com’s Role as Global Sponsor Crypto.com will be the official global sponsor of the
Core Scientific, a Texas-based Bitcoin mining company, recently announced the pricing of its increased offering of $400 million in convertible senior notes. Originally set at $350 million, the offering was upsized due to favorable market conditions. Scheduled to settle in August 2024, the notes will be issued privately to qualified institutional buyers, with an option
As Bitcoin hovers far below its peak of $20,000, one analyst has predicted that the cryptocurrency will inevitably fall back to this level once again. The analyst, known as “Without Worries”, has outlined the possibility of Bitcoin crashing to $20,000 in a recent analysis on TradingView. Key Indicators Point to Resistance The analysis focuses on
In the midst of the current market downturn, investor sentiment in the digital asset market remains uncertain. However, insights from Glassnode reveal a shift towards HODLing and accumulation among cryptocurrency investors. The data indicates a trend where investors are increasingly holding onto their assets rather than engaging in selling. Glassnode’s Accumulation Trend Score (ATS) metric,
Australia’s Securities and Investments Commission (ASIC) recently filed a lawsuit against the Australia Securities Exchange (ASX) Ltd., alleging that ASX made misleading statements regarding its blockchain trade settlement project. ASIC claims that ASX falsely reported in February 2022 that the project was on track for an April 2023 launch and was progressing, when in reality,
Ethereum’s Layer 2 ecosystem is currently experiencing a surge in activity, with daily transaction volumes hitting new records. According to recent data, transactions across Layer 2 networks reached 12.42 million on August 12, showcasing a significant increase in user engagement and scalability. This growth is a promising sign for the future of Ethereum’s Layer 2
Samuel Edyme, also known by his nickname HIM-buktu, is not your typical web3 content writer. His journey into the world of crypto was not a smooth one, starting with a scam that left him wiser and more determined. Despite facing challenges like Ponzi schemes and market crashes, Edyme has emerged as a voice of reason
The price of Bitcoin experienced a significant increase of nearly $2,000 in just one day, driven by the unexpected positive core Producer Price Index (PPI) numbers in the United States. This surge also influenced the performance of several alternative cryptocurrencies, with TON leading the pack with a surge to over $6.7. Bitcoin managed to climb