Crypto

Dogecoin, the original meme coin, has encountered significant resistance at the $0.08 level, even after a temporary upward breakout. Unlike other cryptocurrencies in the market, Dogecoin’s trajectory hasn’t followed the same path. However, this hasn’t deterred the network from experiencing growth across various metrics. Although Dogecoin’s value has declined by 23% since its local peak
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Colin Murphy, a close associate of Aiden Pleterski, also known as Canada’s “Crypto King,” was recently handed a 5-month prison sentence for contempt of court. Ontario Superior Court Justice Hugh O’Connell found Murphy guilty of refusing to surrender his iPhone and deleting its data during a search warrant. This article critically examines the case and
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In the age of digital manipulation and advanced artificial intelligence, the rise of deepfakes has become a pressing concern. A recent incident involving Australian mining magnate Andrew “Twiggy” Forrest underscores the detrimental impact of these doctored videos. With each deceptive advertisement, trust in the media is further eroded, leaving unsuspecting individuals vulnerable to scams. This
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Meta’s metaverse unit, Reality Labs, has reported its most successful quarter to date, generating over $1 billion in revenue during the last quarter of 2023. This achievement can be attributed to the strong sales of Meta’s Quest headsets and Ray-Ban Meta smart glasses. However, despite this impressive revenue, the division is still facing significant financial
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DeFi regulation has long been a contentious issue for regulators worldwide. However, a recent paper authored by Rebecca Rettig, Katja Gilman, and Michael Mosier proposes an innovative strategy to classify truly decentralized DeFi protocols as critical infrastructure. This paradigm shift would place DeFi under the supervision of the US Treasury’s Office of Cybersecurity and Critical
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The world of cryptocurrencies continues to evolve and gain attention from various individuals, including well-known figures like Mark Cuban. In a recent spontaneous Ask Me Anything (AMA) session on X, Cuban shared his insights on a range of crypto-related topics, providing valuable information for enthusiasts and investors. This critical analysis aims to explore Cuban’s comments
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The United States Financial Industry Regulatory Authority (FINRA) recently unveiled shocking statistics on the state of retail communications in the cryptocurrency industry. According to an official report, an astounding 70% of retail communications violate FINRA’s rule on misleading claims. These communications failed to provide investors with accurate and comprehensive information, leaving them vulnerable to making
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In today’s digital landscape, scams and exploitations have become all too common. Even companies that specialize in security, such as CertiK, are not immune to these threats. CertiK, a renowned security firm focused on blockchain, smart contract, and Web3 security, is facing a myriad of challenges beyond its core focus of auditing. Scammers have specifically
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In a shocking turn of events, Mark Scott, a former partner at a prestigious U.S. law firm, Locke Lord, has been sentenced to 10 years in prison for his role in a massive $400 million cryptocurrency scheme. Manhattan federal prosecutors revealed that Scott was found guilty of conspiracy to commit money laundering and conspiracy to
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In a recent disclosure, the Securities and Exchange Commission (SEC) revealed that multi-factor authentication (MFA) on its X account was disabled, leading to a false post about the approval of spot Bitcoin exchange-traded funds. The incident took place on Tuesday, January 9, 2024, when the SEC’s @SECGov X account was compromised. Unauthorized posts regarding the
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Since the approval of spot Bitcoin exchange-traded funds (ETFs), these investment vehicles have seen impressive growth in their first six days of trading. The newly launched Bitcoin ETFs have accumulated a staggering number of bitcoins, with assets under management (AUM) surpassing $3.96 billion. This article delves into the data surrounding these ETFs and the significant
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The digital asset economy has faced numerous challenges in the past year, including increasing interest rates, regulatory actions, financial insolvencies, and instances of fraud. These forces have had a significant impact on the overall market, causing a decline in the value and circulation of digital assets. Even the world’s second-largest stablecoin, USDC, has not been
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In a surprising turn of events, a Bitcoin miner recently found themselves on the receiving end of a significant windfall. This stroke of luck was attributed to an abnormally high fee paid by one of the network’s users. The transaction in question involved a staggering 4 BTC, equivalent to approximately $172,000. However, upon closer examination
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After a period of uncertainty and a significant downturn, Chainlink’s native token, LINK, has experienced a noteworthy recovery. Briefly dipping below the crucial $13 support level earlier this month, the decrease in price was largely attributed to speculation surrounding the potential rejection of the spot Bitcoin ETF by the US Securities and Exchange Commission (SEC).
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In the fourth quarter of last year, 1inch, the popular decentralized exchange (DEX) aggregator, witnessed an extraordinary surge in volumes and market dominance. According to a report by Messari, the executed volume on 1inch exceeded $30 billion, solidifying its commanding position with a 64% share of the Ethereum DEX aggregator market. This exponential increase in
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