In recent weeks, there has been a surge in explosive DEX-launched tokens, with many experiencing pump-and-dump moon-shots. One such token is Refund (REFUND), which has seen an astonishing +1,000% increase. This surge in price can be attributed to the growing interest in so-called ‘reflection tokens’ that aim to reward holders with a share of transaction
Bitcoin, the world’s leading cryptocurrency, has experienced a remarkable surge in its price, reaching a staggering $28,004. This significant increase can be attributed to several key factors that have influenced the market dynamics in recent days. In this article, we will delve into the primary reasons behind Bitcoin’s price movement, exploring the impact of regulatory
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,
Gaming giant Sega is taking a bold and innovative step into the world of blockchain technology. Recognizing the potential impact of this emerging technology on the gaming industry, Sega is co-developing a trading card NFT game based on its popular franchise, Sangokushi Taisen. This move comes as part of a wider trend of established gaming
The Australian federal government is taking steps to regulate the crypto industry by introducing new regulations that require cryptocurrency exchanges to obtain a financial services license. The government aims to protect consumers and improve the overall security and transparency of the sector. These regulations will be unveiled by Assistant Treasurer Stephen Jones during the Australian
In a surprising turn of events, California Governor Gavin Newsom has approved a new cryptocurrency regulation bill that will come into effect in July 2025. This legislation, known as the Digital Financial Assets Law, aims to establish a stricter regulatory framework for crypto businesses operating in California. The decision marks a significant shift in Newsom’s
Ethereum has been in a descending channel against Bitcoin since August of last year, indicating that Bitcoin has been the superior investment during this period. However, historical trends suggest that this situation may change soon, with Ethereum potentially entering an accumulation phase. Currently, Ethereum is trading at $1600, representing a 22% decrease from its price
The remittance sector in the Philippines is set to undergo a major transformation as stablecoin issuer Circle joins forces with digital asset provider Coins.ph in a strategic partnership. This collaboration aims to revolutionize the existing remittance landscape by promoting the use of USDC-denominated remittances, making international money transfers safe, affordable, and nearly instantaneous for Coins.ph’s
The Moscow Stock Exchange is making significant strides towards innovation in the financial industry. According to Sergei Kharinov, the director of digital assets at the exchange, they are preparing to introduce a new financial product called a digital financial asset (DFA) for real estate assets by 2024. This move aims to democratize real estate investments
The recent performance of Ethereum’s native token, Ether (ETH), has been less than stellar. It is currently trading at a 15-month low against Bitcoin (BTC), reaching its lowest point since Ethereum switched to proof-of-stake (PoS). This raises concerns about whether ETH will continue to weaken throughout the remainder of 2023. To gain a clearer understanding
Cryptocurrency enthusiasts and investors have been taken aback by the recent findings brought to light by Conor Grogan, a director at Coinbase. Grogan shared on social media that on-chain data uncovers the startling fact that Alameda Research, a prominent crypto investment firm, has minted a staggering 39.55 billion USDT tokens. This astonishing figure represents a
The NFT market has often been met with mixed reviews, but Anndy Lian, Head of Partnerships for ByBit, sees a bright future for the industry. In a recent article, Lian challenges the belief that the NFT market has reached its peak. He argues that NFTs are not just a passing trend but rather an opportunity
Friday, October 12th, 2023 – ByBit exchange launched Wall Street Memes ($WSM) perpetual futures trading on Thursday, causing a surge in the token’s price. The newest meme coin in the market, Wall Street Memes, experienced a 19% increase in value, reaching $0.0394. Although still considered undervalued in comparison to Dogecoin and Shiba inu, with market
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 trial against FTX co-founder Sam Bankman-Fried took an intriguing turn as Zac Prince, the CEO of defunct crypto lender BlockFi, provided testimony in a Manhattan federal courtroom. Prince’s appearance provided valuable insights into the intricate relationship between BlockFi, FTX, and Alameda Research. According to a Bloomberg report, Prince revealed that BlockFi had substantial exposure
In the fast-paced world of cryptocurrency, Launchpad XYZ has recently made waves with its presale attracting significant attention from crypto whales. With a focus on AI trading in the crypto market, Launchpad XYZ aims to become an all-encompassing web3 ecosystem that caters to both newcomers and seasoned investors alike. Despite being slated for a comprehensive
A recent court ruling has led to a significant development in the U.S. Securities and Exchange Commission’s (SEC) stance on Bitcoin exchange-traded funds (ETFs). The SEC has chosen not to appeal the court’s decision, which found the rejection of Grayscale Investments’ application for a spot Bitcoin ETF to be unjust. This decision holds the potential
A trader on Aave, a decentralized liquidity protocol, has found themselves in a challenging situation as they attempt to repay outstanding debt. The trader has taken on multiple stablecoins, including USDC, USDT, and DAI, worth approximately $8 million, while depositing various assets such as WBTC, Maker (MKR), and Ethereum (ETH) valued at around $11 million.
Ether (ETH) price has experienced a significant 7% decline between October 6 and October 12, hitting a seven-month low at $1,520. While there was a slight rebound to $1,550 on October 13, it is evident that investor confidence and interest in Ethereum are waning, as indicated by multiple metrics. This decline does not bode well
In a shocking revelation, Caroline Ellison, co-founder of FTX-linked hedge fund Alameda Research, testified on October 11th that disgraced FTX founder Sam Bankman-Fried paid a staggering $150 million in bribes to Chinese government officials in 2021. This amount far exceeded the initial disclosure of $40 million. Ellison further disclosed that two years prior, Chinese law
Magic Eden, a leading multichain NFT platform, has unveiled its latest innovation: the LayerZero Bridge & Swap. This groundbreaking tool allows for seamless token swapping across various blockchains. With LayerZero, a cross-chain communication protocol, Magic Eden aims to facilitate direct and trustless interactions between multiple blockchains. By eliminating the need for centralized intermediaries like bridges
Crypto investment firm, Paradigm, has made significant strides by filing an amicus brief to aid Binance in their move to dismiss the U.S. Securities and Exchange Commission (SEC) lawsuit. Their involvement stems from a deep-rooted concern to ensure that the SEC does not interpret securities laws in a way that jeopardizes the growth of cryptocurrency
In a recent blog post, the development team of Uniswap, the world’s largest decentralized crypto exchange by cumulative volume, announced the launch of its closed beta Android version of the mobile app. This move marks a significant expansion for Uniswap, as it was previously only available on PC and iOS devices. With over $1.7 trillion
Bitcoin, the world’s leading cryptocurrency, is gearing up for its next halving event scheduled for post-April 2024. As this highly anticipated event approaches, blockchain analysts have now shifted their attention to yPredict, an AI trading platform that is currently in the final stages of its crypto presale. This article delves into the potential impact of
The recent rumors surrounding the US Securities and Exchange Commission (SEC) granting Ethereum a regulatory free pass have sparked a heated debate within the crypto community. Cardano founder Charles Hoskinson recently weighed in on the issue, providing his thoughts on the matter. However, a critical analysis reveals potential biases and raises questions about the fairness
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
Former engineer Aditya Baradwaj has shed light on the lax security practices within Alameda Research, which ultimately resulted in staggering losses of nearly $200 million. Baradwaj reveals that rather than prioritizing crucial risk management protocols, the founder of Alameda and FTX, Sam Bankman-Fried (SBF), focused on rapid company expansion. This decision overlooks standard engineering and