The Worldcoin project, initiated by Tools for Humanity (TFH), has recently disabled its offline orb verification feature for users in India, Brazil, and France. This decision came as a response to the overwhelming demand for the free Worldcoin (WLD) tokens, which led to long queues at the designated locations. While the project aimed to establish
Crypto
The PancakeSwap community has put forth an intriguing proposal to lower the overall supply cap of its native token, CAKE. This proposed adjustment aims to establish a maximum cap of 450 million for the token, down from the current limit of 750 million. The community believes that this reduction is necessary given CAKE’s consistent deflation
Bitcoin (BTC) layer 2 blockchain Stacks (STX) has skyrocketed in value following an endorsement by billionaire investor Tim Draper. With a significant 26% increase since Draper’s comments, Stacks is garnering attention as an emerging protocol in the crypto world. This article delves into the details of Stacks, its advantages, and how Tim Draper’s support could
Michael Saylor, a well-known Bitcoin advocate, has recently expressed his belief that the potential approval of a spot Bitcoin exchange-traded fund (ETF) could be the most significant development on Wall Street in the past thirty years. Drawing a parallel to the creation of the S&P 500 ETF, Saylor emphasizes the transformative potential a spot Bitcoin
Bitcoin’s price has once again shown its volatile nature, as it failed to break through the $43,000 mark, resulting in a steep decline of over $1,000. However, it has managed to recover most of its losses since then. This rollercoaster ride has left investors on the edge, unsure of where the cryptocurrency is headed next.
Revolut, a financial technology company, has announced its intention to suspend cryptocurrency purchases for its business clients in the United Kingdom. The decision comes as a response to the new regulations on crypto promotion set by the UK’s Financial Conduct Authority (FCA), scheduled to take effect in January 2024. This article aims to critically examine
The United States Securities and Exchange Commission (SEC) has recently announced a delay in the decision to approve Ethereum exchange-traded funds (ETFs) from several asset management firms. This news has generated significant interest within the crypto community and has raised questions about the future of ETFs in the cryptocurrency market. The SEC has issued delay
After a tumultuous few days in which Bitcoin struggled to overcome the $43,000 level, the primary cryptocurrency finally experienced a notable leg-up. In the past several days, Bitcoin traded south, dropping to around $40,500, and failed to make significant progress. However, the bears were outnumbered as the bulls came out to play, resulting in a
Bitcoin’s recent rally above $44,000 was met with resistance at nearly $45,000, leading to a significant price retracement. Market analytics platform CryptoQuant suggests that profit-taking by a specific group of investors might be responsible for this downward trend. By analyzing on-chain data, CryptoQuant’s analyst Yonsei discovered that short-term holders and the investor cohort holding their
Bonk Inu (BONK), the latest sensation in the cryptocurrency market, has been generating substantial buzz recently. With its rapid price swings and association with Solana, BONK has caught the attention of many, including Arthur Hayes, the co-founder of BitMEX. Hayes took to Twitter to praise BONK’s valuation performance and even suggested that it could surpass
Bitcoin’s remarkable performance in the market this year has sparked speculation among experts and analysts about the potential for the cryptocurrency to reach new heights. One analyst who believes in the possibility of Bitcoin skyrocketing to an impressive mark of $100,000 is DonAlt, the creator of the popular YouTube channel Technical Roundup. DonAlt suggests that
Decentralized finance (DeFi) has been on the rise in recent years, with cryptocurrency markets experiencing a surge of interest and activity. While decentralized exchanges (DEX) have traditionally had lower trading volumes compared to centralized exchanges (CEX), the recent market rally has led to an increase in DEX activity, albeit at a somewhat slower pace. Major
In a shocking turn of events, the United States Department of Justice (DOJ) has unearthed a crypto Ponzi scheme that defrauded investors of an estimated $25 million. The masterminds behind this elaborate scam are none other than 51-year-old David Gilbert Saffron of Australia and 52-year-old Vincent Anthony Mazzotta Jr. of California. Their fraudulent crypto investment
Ethereum’s native cryptocurrency, Ether (ETH), has experienced a significant resurgence in 2023, making a remarkable recovery from the losses suffered during the tumultuous year of 2022. According to data from CoinGecko, ETH has reached nearly $2,400 in recent days, although it still falls short of its all-time high of over $4,800 recorded in November 2021.
Bitcoin, the leading cryptocurrency, experienced a roller coaster weekend as it attempted to breach the $43,000 mark but fell short. It retreated to its initial position of approximately $42,000. Other altcoins also faced minor losses, except for Shiba Inu and Internet Computer, which recorded substantial gains. Following its peak on Saturday, Bitcoin retraced on Sunday
The cryptocurrency industry has experienced a significant downturn in hack volumes in 2023, according to a comprehensive research conducted by TRM Labs. This study reveals a more than 50% reduction in hack volumes compared to the previous year, resulting in a total value stolen of $1.7 billion, a substantial decrease from the nearly $4 billion
The cryptocurrency market continues to gain traction in the financial world, and this season seems to be all about cryptocurrency exchange-traded funds (ETFs). Traditional finance companies are eagerly seeking regulatory approval to introduce more ETFs to the market. One such company that has thrown its hat in the ring is First Trust, an asset management
In an effort to address concerns raised by pro-Bitcoin Senator Cynthia Lummis and Rep. French Hill, Tether, the company behind the largest stablecoin, has released two letters sent to the US Senate Committee on Banking, Housing, and Urban Affairs and House Financial Services Committee. These letters aim to shed light on the allegations regarding the
Bitcoin, the world’s most popular cryptocurrency, has experienced a recent loss in momentum, with its price falling to around $42,000. This downward trend has also affected other altcoins, such as SOL and ADA, which have seen significant declines. However, amidst this red sea, one altcoin has stood out with an astonishing 40% surge – ICP.
According to Sandy Kaul, the Head of Digital Asset & Investor Advisory Services at Franklin Templeton, developing countries are increasingly adopting Bitcoin (BTC) as a means to compete with larger economies on a “more equal playing field.” During a recent interview on the Coin Stories podcast, Kaul discussed the future of Bitcoin adoption, highlighting its
After years of consistently denying approval for a spot Bitcoin ETF for American investors, there are signs that SEC chair Gary Gensler might be reconsidering his position. Although he has not explicitly acknowledged any change in stance, he admitted to taking a fresh look at the approval process following recent court rulings. Gensler stated during
Bitcoin, the world’s leading cryptocurrency, experienced a turbulent journey recently. The catalyst for this wild ride was the vulnerability issues reported by the major wallet company, Ledger. However, after the initial storm, Bitcoin seems to have calmed down, currently sitting just below the $43,000 mark. While most altcoins have witnessed minor gains or losses, one
Critics who claim that inscriptions, particularly BRC-20 tokens, are a denial of service attack on regular Bitcoin transfers are misguided. On-chain analysis conducted by Glassnode suggests that the majority of Bitcoin block space is still dedicated to normal monetary transactions, with inscriptions simply occupying any remaining space. James Check, the lead Glassnode analyst, argues that
Approval phishing, a deceitful tactic targeting crypto users, has been gaining prominence in recent years. Originally, this scam method involved distributing fraudulent crypto apps to victims. However, romance fraudsters, also known as pig butchering scammers, have now adopted and integrated approval phishing into their strategies. Chainalysis, a blockchain analysis firm, has identified a deliberate form
Bitcoin’s recent price movement has been nothing short of a rollercoaster ride for investors. After a few days of trading below the $41,000 mark, the Bitcoin bulls have returned with a vengeance, pushing the asset north to and beyond $43,000. This sudden surge in price has brought relief to the crypto market, which had experienced
In recent discussions among crypto industry experts, Tether has emerged as a potential frontrunner to become the world’s dollar-pegged defacto central bank digital currency. This speculation was sparked by the endorsement of Cantor Fitzgerald CEO, Howard Lutnick. Lutnick publicly voiced his admiration for Tether, stating, “I’m a big fan of this stablecoin called Tether…I hold
Coinbase Global Inc. is taking bold steps to expand its services by introducing spot crypto trading on its international exchange. This move is part of a global expansion strategy to cater to users who may have reservations about U.S.-based platforms. The company aims to create a trusted non-U.S. spot exchange that offers a seamless and