Shiba Inu (SHIB) saw a remarkable surge in token burns during March, with billions of tokens taken out of circulation. The burning mechanism was a key focus, with over 15.5 billion assets destroyed in just one month. This spike in burning activity, especially on March 8 when almost 14 billion tokens were burned, represented a
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In the fast-paced realm of cryptocurrency, new coins and tokens emerge on a regular basis. One of the latest additions to the scene is Poopcoin, created by Jordan Castro, also known as Poopie. Launched just a mere ten hours ago, Poopcoin has already generated a staggering $60 million in trading volume. Despite this initial success,
With the widespread boom in the cryptocurrency market, there has been a significant increase in crypto-related crimes worldwide. One of the most targeted groups in these scams are elderly individuals who are often manipulated by fraudsters into exchanging their funds for crypto by offering unrealistic promises of high investment returns. Authorities in South Korea recently
In response to the recent attacks on Israel, both the US and UK authorities have taken decisive action against entities suspected of financing terrorism through cryptocurrency. The US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) have imposed sanctions on two individuals and three entities allegedly involved
The Financial Conduct Authority (FCA) in the UK is making moves to regulate meme-based marketing in the financial services sector. With the rising popularity of cryptocurrencies and other investments, the FCA has released guidelines for both financial services firms and social media influencers to ensure transparency and prevent misleading advertising. The FCA’s latest report underscores
The landscape of artificial intelligence (AI) and its impact on security and privacy is rapidly evolving. As the industry continues to advance, new challenges and concerns are emerging that require careful consideration. Last week, John deVadoss presented and discussed the implications of AI relating to security with members of Congress and their staff in Washington,
The Bitcoin market has been experiencing a surge in price, hovering around the $70,000 mark, with many investors eagerly anticipating further price increases. A significant factor contributing to this surge is the accumulation of Bitcoin by large whales. Whales are known for holding massive amounts of Bitcoin in their addresses, with the ability to make
The recent surge in the Bitcoin price has sparked a wave of optimism among cryptocurrency investors, drawing parallels to the positive spirit often associated with Holy Week among Christians. This renewed momentum in the market has not only benefited Bitcoin but has also led to significant profits for other major cryptocurrencies in the past week.
Tigran Gambaryan, a prominent figure at Binance, has recently taken legal action against the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC) in Nigeria. As an American citizen, Gambaryan is fighting against his alleged wrongful detention by Nigerian authorities. According to Gambaryan’s lawyer, T.J. Krukrubo SAN, the Nigerian government is using
Bitcoin investors have seen a profitable week as the cryptocurrency surged by 9.34%, reaching above $71,000 according to data from CoinMarketCap. This upward trend has sparked optimism among market participants, who are eagerly awaiting potential large price gains in the current bull cycle. Bitwise CEO Hunter Horsley has shared insights on the significance of the
Cardano’s recent progress in technological advancements, as highlighted by Input Output Hong Kong (IOHK), demonstrates a significant improvement in the ledger team. The team has made enhancements in test frameworks and data quality during the Newconstraints phase3. By introducing constraints and new types such as Size, SizeSpec, and Sized, the ledger team has shown a
Kerrisdale Capital recently released a report arguing that MicroStrategy’s shares have become significantly overvalued in comparison to the actual value of Bitcoin. The company pointed out that the premium at which MicroStrategy’s shares are trading, at over two and a half times the spot price of Bitcoin, is unjustified. In fact, Kerrisdale Capital believes that
CFTC Commissioner Caroline Pham’s recent comments regarding her agency’s charges against KuCoin have shed light on a potential conflict between the CFTC and the SEC. Pham expressed concerns that the CFTC’s aggressive enforcement action may infringe on the SEC’s jurisdiction. Specifically, she pointed out that the complaint fails to differentiate between investments in funds, which
The recent outflows from the Grayscale Bitcoin ETF caused a significant stir in the market, resulting in a notable drop in the price of BTC. However, as the new week unfolds, there seems to be a shift in the investor sentiment towards Bitcoin. The outflows from the Grayscale ETF have slowed down, hitting one of
In response to the earthquakes that struck Turkey on February 6, the Binance Women in Technology Academy, in collaboration with the Women in Technology Association (Wtech), has redirected its efforts to support the southern province of Hatay, which was significantly affected by the disaster. The Academy organized a two-day program on March 26-27 in Hatay’s
The Binance-linked HKVAEX exchange has made the decision to close down and has officially withdrawn its application for an operational license in Hong Kong, as stated on the Securities and Futures Commission (SFC) website. The exchange, which operates under the name BX Services Ltd, formally pulled back its license application on March 28. This move
The recent surge in open interest for Ethereum futures has been a topic of interest among investors and analysts alike. This surge, although seen as a bullish indicator by many, can also potentially signal a shift in market sentiment. It is essential to consider various factors contributing to this surge in open interest. Open interest
Parallel, the groundbreaking sci-fi NFT card game, has recently completed a successful funding round, securing $35 million from a diverse group of investors. Utilizing the Ethereum blockchain and Base layer-2 chain, Parallel has ushered in a new era of gaming that merges traditional trading card game elements with the cutting-edge technology of NFTs. The game’s
Prisma Finance recently fell victim to a hack where $11.6 million was stolen from the decentralized finance protocol. The hacker, however, claimed that the exploit was a “whitehat rescue” and expressed interest in returning the funds. This indicative behavior of the hacker raises questions about the motives behind the attack and whether the funds will
Bitcoin (BTC) has recently shown signs of a potential surge, with the cryptocurrency surpassing the $70,000 mark and forming a bullish technical pattern. Analysts, such as Ali Martinez, have identified a bull flag pattern on Bitcoin’s 4-hour chart, typically signaling a consolidation period after a significant price increase. This phase is essential for market participants
Guy Turner, the host of Coin Bureau, has made a bold prediction regarding SOL’s potential breakout above the $300 mark. According to Turner, SOL has shown promising signs on both weekly and monthly charts in the early months of 2024. He describes the cryptocurrency as “incredibly bullish” and highlights the significant resistance at the $300
Matt Hougan, the Chief Investment Officer of Bitwise, a crypto index fund and asset management firm, recently shared his insights on the future of spot Bitcoin exchange-traded funds (ETFs). According to him, he believes that inflows into Bitcoin ETFs will continue for years as more investors and institutions adopt these products. During a 20-day road
Bitcoin bulls seem to have regained control after a period of bearish sentiment. The latest data shows that the Spot Bitcoin ETFs have recorded a significant amount of inflows, indicating a strong bullish outlook for the flagship cryptocurrency. Farside Investors shared on social media that on March 27, the Spot Bitcoin ETFs saw inflows of
The recent surge of meme coin markets on Solana has brought attention to the latest token, Christ is King, which experienced an astonishing increase of over 770,000% in just 24 hours. Starting at a market price of $0.000109, Christ is King quickly gained traction after its launch on March 26. The initial surge saw the
Recently, the US and UK governments have initiated a joint investigation into crypto transactions exceeding $20 billion that may have breached Russian sanctions. These transactions are suspected of being funneled through the Russia-based crypto exchange Garantex, with the intention of circumventing international sanctions and potentially financing military operations in Ukraine. In the past few months,
The concept of blockchain gaming has been gaining momentum in recent years, combining blockchain technology with traditional video games. This fusion offers players the opportunity to truly own in-game assets and potentially earn real-world value, making it a lucrative industry with significant potential. However, despite its promising prospects, blockchain gaming still faces challenges in gaining
The US Department of the Treasury recently took action against the Palestinian news network Gaza Now for its alleged support of Hamas. This move by the Office of Foreign Assets Control (OFAC) targeted not only Gaza Now but also several crypto addresses associated with the network and its affiliates. The sanctions specifically included the designation