Meitu (1357), a Hong Kong-listed company known for its ventures into cryptocurrencies, recently announced a significant shift in its business focus. While the company made headlines in 2021 for its investments in cryptocurrencies amounting to around $100 million, it has now revealed that its growth is primarily driven by its artificial intelligence (AI) business. This
Crypto
The approval of a spot Bitcoin ETF by the United States Securities and Exchange Commission (SEC) has been a highly debated topic for many months. This discussion intensified when BlackRock, the world’s largest asset manager, filed an application for a Bitcoin ETF. The anticipation surrounding this potential approval reached new heights recently when a false
Bitcoin has experienced a gradual uptrend, breaking above key resistance levels and instilling a bullish sentiment in the market. However, there are signs of a potential consolidation correction stage in the futures market, indicating a need for careful observation. Upon analyzing the daily chart, it is evident that the price of Bitcoin has found significant
The cryptocurrency industry is no stranger to the rise and fall of various projects. Superdao, a platform founded to support the development of decentralized autonomous organizations (DAO), recently announced its decision to shut down operations. This article delves into the reasons behind Superdao’s closure and explores the broader lessons learned from this failed crypto venture.
Renowned Bitcoin advocate Jimmy Song has been an integral part of the BTC ecosystem for over a decade. From his role as a developer and network supporter to authoring multiple books on Bitcoin, Song has tirelessly worked to educate the masses about the advantages of the cryptocurrency. During an interview at the Bitcoin Conference 2023
The cryptocurrency market is known for its volatility and susceptibility to external factors. False reports and rumors can have a significant impact on the market, often resulting in sharp price movements. Recently, the market experienced a surge followed by a steep decline due to false reports about the US Securities and Exchange Commission (SEC) approving
Ripple, a blockchain enterprise, has been embroiled in a legal battle with the US Securities and Exchange Commission (SEC) for almost four years. The lawsuit centers on allegations that Ripple sold billions of its native token XRP without properly registering it as a security. This dispute has become a hot topic in the cryptocurrency space,
The remittance sector in the Philippines is set to undergo a major transformation as stablecoin issuer Circle joins forces with digital asset provider Coins.ph in a strategic partnership. This collaboration aims to revolutionize the existing remittance landscape by promoting the use of USDC-denominated remittances, making international money transfers safe, affordable, and nearly instantaneous for Coins.ph’s
Cryptocurrency enthusiasts and investors have been taken aback by the recent findings brought to light by Conor Grogan, a director at Coinbase. Grogan shared on social media that on-chain data uncovers the startling fact that Alameda Research, a prominent crypto investment firm, has minted a staggering 39.55 billion USDT tokens. This astonishing figure represents a
In a shocking revelation, the former CEO of investment firm Systematic Alpha Management LLC (SAM), Peter Kambolin, has confessed to orchestrating a deceptive scheme known as “cherry-picking.” This illegal practice not only caused significant losses for investors but also allowed Kambolin to siphon off funds for personal gain. By analyzing the US Department of Justice
The Shiba Inu community has recently been subjected to various fraudulent activities that require immediate attention. From misleading emails to unofficial LinkedIn accounts and suspicious decentralized applications (Dapps), users need to exercise caution to protect themselves from scams and deceitful actors. This article aims to shed light on the warnings issued by reputable sources and
Bitstamp, one of the leading cryptocurrency exchanges, recently made a challenging announcement that it will be discontinuing its services to customers in Canada. The decision, which is scheduled to take effect on January 8, 2024, was not taken lightly by Bitstamp’s CEO, Bobby Zagotta. In a statement, Zagotta expressed the company’s gratitude towards its Canadian
The rise of cryptocurrency trading has paved the way for innovative tools and platforms aiming to simplify the trading process. 3Commas, a well-known crypto trading bot, has emerged as a popular choice among investors worldwide. However, its popularity comes at a cost, making it an attractive target for malicious actors seeking to exploit vulnerabilities within
Bitcoin, the world’s largest cryptocurrency, has experienced a period of relative calm after a volatile week. Last Friday, the digital asset saw a sudden surge in volatility, causing its price to fluctuate wildly. However, in the days since, both Bitcoin and most altcoins have settled down, with minor movements to the downside. Just a week
Recently, the JPEX crypto exchange in Hong Kong faced a major scandal, resulting in the closure of its services and several arrests. The unlicensed exchange allegedly defrauded investors of a staggering $204 million. This incident has raised concerns about the safety and integrity of the crypto market in Hong Kong. In response to the JPEX
The recent fraud trial involving Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, has brought to light the corrupt relationship between FTX and Alameda Research. Gary Wang, co-founder of FTX, testified in court and provided detailed insights into the fraudulent actions perpetrated by Alameda Research. This article delves into the revelations and their implications for
Recent court wins against the United States Securities and Exchange Commission (SEC) have propelled Ripple and its XRP token into the spotlight. This article explores the growing number of XRP wallets, the impact of Ripple’s court victories, and the speculation surrounding an IPO or settlement announcement. Rise in XRP Wallets The total number of XRP
The Shiba Inu community has once again been targeted by scammers, as the SHIB Telegram admin account was recently compromised. This breach has resulted in the announcement of a fraudulent BONE token airdrop, falsely claiming that anyone can participate in the offering. It is crucial for community members to exercise extreme caution and remain vigilant
Many cryptocurrency analysts are closely monitoring Ripple’s native token, XRP, as they believe it has the potential to break out in the near future. One such analyst, known as Dark Defender on Twitter, has identified key price targets that XRP could surpass. This article will delve into these predictions and assess their feasibility. Dark Defender
As October approaches, the cryptocurrency market is gearing up for several significant token releases. Among the notable projects set to launch their tokens this month are Axie Infinity, Optimism, and Aptos. These projects are collectively expected to release over $130 million into the market. Leading the pack is Axie Infinity, a blockchain-based NFT game. On
Ripple’s XRP has undoubtedly been one of the most popular cryptocurrencies in recent years. However, its journey has been marred by an ongoing lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple. This legal battle has now reached a crucial stage, and its impact on XRP’s price has been undeniable. Despite the
Ripple’s XRP has long been regarded as one of the top cryptocurrencies in the market. With a devoted community and millions of holders, XRP has consistently maintained a spot in the top 10 largest cryptocurrencies by market cap. However, in December 2020, Ripple faced a major setback when the United States Securities and Exchange Commission
The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has garnered significant attention and debates within the cryptocurrency community. As a US attorney representing thousands of Ripple investors in this lawsuit, I strongly believe that the SEC’s chances of prevailing are slim to none. In fact, their desperate and prolonged
Shibarium Discord admin, using the X (Twitter) handle DaVinci, has urged individuals to exercise caution and conduct thorough research before accepting all rumors regarding partnerships involving Shiba Inu. Relying solely on verified sources is crucial for making informed decisions and avoiding potential scams and fraudulent collaborations. DaVinci emphasized that there are numerous bad actors who
In the world of cryptocurrencies, XRP has become one of the top contenders, currently holding the fifth spot in terms of market capitalization, with nearly 5 million coin holders. As a result, the speculations surrounding its price predictions have become a captivating topic for many. While some analysts have presented relatively realistic forecasts, others have
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been a topic of great interest in the crypto community. The conflict began in December 2020 and has since gone through various stages, with both parties trading accusations. Ripple, accused of selling XRP as an unregistered security and breaching securities
In a surprising turn of events, Ben Armstrong, a prominent figure in the cryptocurrency and blockchain community, found himself facing legal trouble. According to records from the Gwinnett County Sheriff’s Department, Armstrong was arrested during a live YouTube broadcast while attempting to confront a former business partner for the alleged theft of his Lamborghini. This