Crypto

Recently, the U.S. District Court for the District of Utah made a significant decision to dismiss the Securities and Exchange Commission’s (SEC) case against Digital Licensing, known as Debt Box. Along with the dismissal, the judge has ordered the SEC to pay around $1.8 million in attorney and receivership fees. This comes after the SEC’s

The rise of meme coin launches in recent years has brought to light the dangers of trading these volatile assets, especially when endorsed by celebrities. The latest example of this is American celebrity Caitlyn Jenner’s JENNER token, which was launched on the Solana blockchain. Despite doubts surrounding the legitimacy of the token, some traders still

Blockchain analysis firm Nansen has recently identified DBS Bank, a leading banking institution in Singapore, as a cryptocurrency whale. The firm’s research revealed that a crypto wallet allegedly owned by DBS Bank contains a substantial amount of 173,753 Ether (ETH), equivalent to approximately $650 million in the current market environment. While DBS Bank has not

Gemini, the crypto exchange founded by billionaire entrepreneurs Cameron and Tyler Winklevoss, recently announced the successful recovery of virtually all its customers’ digital assets. This marks one of the most successful industry recoveries from insolvency to date. The customers of Gemini Earn program received $2.18 billion of their digital assets in kind, which is a

Ryan Salame, the former co-CEO of FTX Digital Markets, was recently sentenced to 90 months in prison for his involvement in illegal political contributions and defrauding the Federal Election Commission. This sentence was handed down by US District Judge Lewis A. Kaplan after Salame pled guilty to conspiring to run an unlicensed money-transmitting business. Salame’s

Grayscale’s Ether exchange-traded fund (ETF) has recently gained approval from the U.S. Securities and Exchange Commission, sparking speculation about the potential impact on market outflows. A recent report by Kaiko suggests that if the trend set by Grayscale’s Bitcoin Trust is any indication, the Ether ETF could see an average outflow of $110 million per

The cryptocurrency market is no stranger to volatility, and the recent case of the Normie (NORMIE) token is a stark reminder of the risks involved in investing in such assets. A smart contract exploit led to a drastic drop in the token’s value, causing significant losses for investors and highlighting the importance of security and

Floki Inu (FLOKI) has experienced a notable 20% increase in the last 24 hours, propelling its market capitalization to approximately $2.6 billion and granting it the fifth position in the meme coin realm. This surge in price may be attributed to heightened interest from traders, upcoming announcements, and a significant token burn enforced by the

Toncoin (TON), the native token of The Open Network blockchain, has been making waves in the cryptocurrency market. According to recent analysis by CryptoQuant, the price of TON has outperformed Bitcoin by an impressive 118% since the beginning of 2024. However, despite its overall success, there are noticeable discrepancies in investor sentiment across different regions.

The Worldcoin project, led by Sam Altman, has recently hit a roadblock in Hong Kong as the Office of the Privacy Commissioner for Personal Data (PCPD) ordered the Worldcoin Foundation to cease all operations in the region due to violations of local privacy regulations. The PCPD discovered that Worldcoin had collected facial and iris biometric

The cryptocurrency exchange giant, Coinbase, has taken a bold step in the fight against online scams by launching the ‘Tech Against Scams’ initiative. This collaborative effort includes industry leaders such as Meta, Ripple, Gemini, Kraken, Match Group, and GASO. The aim of this coalition is to combat online fraud and financial schemes, while also prioritizing

Back in the year 2010, the equivalent of 10,000 bitcoins was a meager two pizza boxes. Fast forward to today, and that same amount of BTC is worth an astounding $690 million, thanks to Bitcoin’s exponential growth. This significant increase in value highlights just how much the cryptocurrency landscape has evolved over the years. With

Bitcoin had a rollercoaster week, starting off struggling to stay above $66,000 but later skyrocketing to nearly $72,000 after the news of potential SEC approval of spot Ethereum ETFs. However, the excitement was short-lived as Bitcoin lost value in the following days, dropping to $66,400 before bouncing back to $69,000 by the end of the

In recent times, there has been a noticeable concern within the cryptocurrency community regarding the rise of tokens with high valuations but limited initial circulating supply. This has led to discussions about the sustainability of the potential gains for traders post token generation event (TGE). Binance Research has released a report confirming this trend, showcasing

In a recent announcement, OKX has decided to discontinue its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. The exchange cited regulatory requirements as the reason behind this decision, mentioning that it will no longer provide virtual asset services to customers in Hong Kong after the specified date. Despite the

A darknet drug bazaar known as Incognito Market made headlines recently with the arrest of Rui-Siang Lin, a Taiwanese national, at New York’s John F. Kennedy Airport. Operating under the pseudonym “Pharoah,” Lin was the mastermind behind the platform, which facilitated the sale of illegal narcotics such as fentanyl. FBI Assistant Director in Charge, James

The news of Kabosu, the beloved Shiba Inu who rose to fame as the face of the “Doge” meme, passing away at the age of 18 has left millions of fans mourning the loss of this iconic pup. Known for her endearing expression and the humorous captions that accompanied her photos, Kabosu captured the hearts

Recently, the bankrupt crypto exchange FTX concluded the sale of $2.6 billion worth of discounted Solana tokens. Figure Markets and Pantera Capital were some of the buyers who participated in the auctions and acquired significant amounts of SOL tokens at a discounted price. Figure purchased 800,000 coins for approximately $80 million, paying around $102 per

In a recent unanimous decision, the U.S. Supreme Court ruled against Coinbase Inc. in an arbitration dispute stemming from the company’s 2021 Dogecoin sweepstakes. The ruling clarified the need for a court to determine which legal agreement takes precedence when parties are governed by multiple contracts. Justice Jackson, writing for the Court, emphasized the importance

The United States House of Representatives recently made a significant decision regarding the issuance of a Central Bank Digital Currency (CBDC) to its citizens. This decision has sparked a heated debate among lawmakers and the online crypto community, shedding light on key issues surrounding privacy, individual sovereignty, and free market competitiveness. The CBDC Anti-Surveillance State

The recent decision by the Trump campaign to start accepting cryptocurrency donations has sparked a new wave of interest and controversy in the political landscape. This move represents a significant shift in fundraising tactics for a major party presidential nominee, with implications for both the campaign and the broader cryptocurrency community. The campaign’s decision to

The recent security incident involving Gala Game, a Web3 gaming project, showcased the risks associated with decentralized systems. An unknown attacker exploited a compromised admin address to mint 5 Billion GALA tokens, equivalent to over $200 million. This unauthorized action resulted in the sale of 600 million tokens worth $29 million on Uniswap. The Gala

The recent surge in the price of Bitcoin and Ethereum has raised concerns among some prominent figures in the financial world, including Peter Schiff. Despite Bitcoin reaching a high of over $70,000, Schiff remains skeptical of the cryptocurrency’s future, especially with the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission

Polimec has recently made its debut on Polkadot, offering a groundbreaking approach to decentralized funding for Web3 projects. This innovative protocol aims to reshape how capital is raised and tokens are issued, providing a transparent and compliant environment for investors and startups globally. Polimec represents a major step forward in Web3 fundraising engagement, empowering community

The recent announcement of Michael Sonnhenshein stepping down as the CEO of Grayscale, the world’s largest Bitcoin ETF, has sparked interest and speculation within the cryptocurrency industry. His replacement by Peter Mintzberg, a seasoned professional from Goldman Sachs, signals a significant shift in leadership at the company. This move comes at a crucial time for

Bitcoin’s price has experienced some fluctuations in the past 24 hours, dropping below $67,000 on multiple occasions. However, it has managed to recover from each correction and is currently trading around that line once again. This demonstrates the volatile nature of the cryptocurrency market, where prices can shift rapidly in a short period. Altcoins Reacting

The upcoming economic week is set to be an intriguing one, with major events such as the release of the Federal Reserve meeting minutes and a significant earnings report from Nvidia. These events have the potential to influence markets significantly and provide valuable insight into the state of the economy. In addition to the Federal