Bitcoin (BTC) enthusiasts constantly push the boundaries of what can be achieved with cryptocurrency. Thomas Kralow, a crypto trader and educator, recently embarked on an audacious venture to travel from one side of the United States to the other, relying solely on his crypto trading skills to fund the journey. With an initial budget of
Altcoins
Optimism’s native cryptocurrency, OP token, has experienced a significant decline in price compared to other top 50 cryptocurrencies. This drop comes in anticipation of a $30 million token unlock, scheduled for September 30th. Token unlocking events are commonly employed by cryptocurrency projects to gradually release tokens into the market, rather than releasing them all at
Decentralized oracle network Chainlink has come under fire for a recent update to its multisig wallet requirements. The change, which saw the number of signatures required reduced from 4-of-9 to 4-of-8, has raised concerns among members of the crypto community, including vocal critic Chris Blec. The 4-of-8 multisig requirement is a security measure that ensures
Marieke Flament, the CEO of Near Foundation, has announced her resignation, signaling the beginning of a new era for the layer-1 protocol. Flament’s departure comes as a surprise, and while no specific reasons were given, the Near Foundation’s general counsel, Chris Donovan, will step in as the new CEO. With this change in leadership, Near
Cryptocurrency and nonfungible token trading tool, None Trading, has recently announced its closure due to a “critical exploit” within its infrastructure. The developers released a statement on September 20th, revealing that they had suffered a substantial loss of funding and team tokens, resulting in the inability to sustain the project. This unfortunate incident has forced
In a recent turn of events, Mark Scott, the lawyer responsible for laundering $400 million from the infamous OneCoin fraud, has been denied his motion seeking a new trial. This comes despite the acknowledgment that a government witness had perjured themselves during the original trial in 2019. According to Bloomberg’s report on September 18, Scott
Canadian fintech corporation WonderFi, with the backing of billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM. This collaboration aims to enhance Localcoin’s crypto ATM offerings in Canada by integrating Bitbuy’s exchange platform and its reputed “deep liquidity.” About the Partnership Bitbuy, the first cryptocurrency exchange in Canada
Cryptocurrency users around the world are no strangers to the constant threat of online hacks. Recently, Mark Cuban, a prominent figure in the business world, fell victim to a hack that resulted in the loss of nearly a million dollars from his digital wallet. This incident serves as a stark reminder of the importance of
Solana, the popular cryptocurrency that gained attention during the 2020-2021 bull market, has experienced its fair share of volatility in recent times. From the plummeting prices following the collapse of FTX to the selling pressure caused by the approval of FTX’s digital assets sale, Solana has been on a rollercoaster ride. In this article, we
The rise of cryptocurrency has brought about a new wave of cyber attacks and hacks, with malicious actors constantly finding new ways to exploit vulnerabilities in the system. One recent example is the $41 million hack of the cryptocurrency casino Stake. The hackers behind this attack have recently made another move, transferring $328,000 worth of
Arbitrum, a prominent layer-2 scalability solution on the Ethereum network, has been facing significant challenges recently. The price of its native token, ARB, experienced a sharp decline of 14.5% between Sept. 9 and Sept. 11, reaching its lowest point in history. This article will delve into the factors driving this movement and assess whether Arbitrum
Pepecoin (PEPE), once a rising star in the cryptocurrency world, has experienced a precipitous decline in value. Since reaching its record high of $0.00000448 in May 2023, PEPE has plummeted by nearly 85%. Unfortunately, the downward trend shows no signs of abating in the coming month of September. Over the past two weeks, Pepecoin has
In recent months, a series of shocking deaths related to cryptocurrency have garnered global attention. These cases include the discovery of decomposing remains in Sofia, suspected murders, kidnappings, and even a helicopter crash. As we delve into these disturbing incidents, it becomes clear that there is a dark underbelly to the world of cryptocurrency. Financial
Recently, there have been various rumors and negative news surrounding Binance, causing fear, uncertainty, and doubt (FUD) among investors and the wider cryptocurrency community. Binance’s co-founder and CEO, Changpeng ‘CZ’ Zhao, took to Twitter on September 7th to address these concerns and assure the public about the company’s stability and financial position. Despite the market
SBI Group, a well-known financial holding company from Japan, has recently announced its partnership with Ripple and SBI Ripple Asia to offer an innovative XRP (XRP) remittance service through its international remittance services arm, SBI Remit. This collaboration aims to provide efficient and cost-effective remittance solutions to bank accounts in various Southeast Asian countries. SBI
In the world of cryptocurrencies, threats and intimidation are unfortunately not uncommon. However, one prominent figure in the crypto space, Emma Heaver, takes a no-nonsense approach when it comes to dealing with online trolls. With guns at her disposal and a defiant attitude, Heaver boldly speaks out against altcoins and memecoins, much to the chagrin
Shiba Inu’s newly launched layer-2 blockchain, the Shibarium network, has achieved a significant milestone in its short existence. Within weeks of its relaunch, the total number of wallets on the network has exceeded 1 million, indicating rapid adoption and interest among users. This article will explore the growth of the Shibarium network, its current challenges,
Pepe (PEPE), touted as the biggest new memecoin of 2023, recently encountered a devastating setback. The project’s anonymous developers shockingly sold approximately $16 million worth of the token on Aug. 24, resulting in a partial rug pull. The sudden sell-off caused Pepe’s price to plummet by as much as 26%, leaving crypto investors and memecoin
In the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman explores the recent victory of Grayscale against the United States Securities and Exchange Commission (SEC). While Grayscale is still awaiting a decision on its application for a Bitcoin exchange-traded fund (ETF), the ruling has been favorable, particularly for the Grayscale Bitcoin Trust. This
Bitcoin’s price experienced a significant increase of 5% today, reaching a two-week high of over $28,000. This surge in price can be attributed to the recent ruling by United States Court of Appeals Circuit Judge Neomi Rao in favor of Grayscale Bitcoin Trust (GBTC) against the U.S. Securities and Exchange Commission (SEC). Judge Rao’s decision
The cryptocurrency market has witnessed an influx of approximately 130 million new investors since the end of 2021. With expectations of a crypto bull run looming, experts are advising caution and strategic planning. Ben Simpson, the founder of education platform Collective Shift, describes a bull market as an experience unlike any other, characterized by complete
Despite the recent hype surrounding decentralized social networks, these platforms are struggling to attract and retain users. According to industry insiders, up to 99% of users who try decentralized social media for the first time end up quitting. This can be attributed to various factors, including clunky onboarding processes and the lack of a familiar
The Pepecoin (PEPE) project recently found itself in the midst of a controversy surrounding a massive $16 million withdrawal from its multisig wallet. This withdrawal sent shockwaves through the community, causing a 15% plunge in the price of PEPE amid fears of a potential rug-pull. However, it appears that the circumstances behind this mysterious withdrawal
Judge Martin Glenn has rejected the request to establish a special shareholders class in the Celsius Network bankruptcy case, as stated in a court document filed on August 25th. The motion, put forth by investor Otis Davis on July 25th, sought to create a legal class for investors separate from Celsius Network employees and customers.
The recent changes to a multisig wallet and the transfer of tokens in Pepe (PEPE), a frog-themed memecoin, have triggered a significant price drop of nearly 15%. The actions taken by the developers have raised concerns among investors, fueling fears of a potential “rug pull”. These allegations, coupled with the negative price movement, have cast
The cryptocurrency market has recently experienced a significant downturn, with the total market capitalization falling by 10% between Aug. 14 and Aug. 23. This decline has brought the market to its lowest point in over two months, standing at $1.04 trillion. The movement in the market has led to a substantial number of liquidations on
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has unveiled a revised regulatory framework to ensure stability for single-currency stablecoins (SCS) in the city-state. The framework, announced on August 15th, focuses on non-bank issued stablecoins that are pegged to the Singapore dollar or G10 currencies like the euro, British pound, and United States dollar.