A French citizen, Thomas Clausi, has been sentenced to 18 months in prison for orchestrating a cryptocurrency scam in Morocco. The 21-year-old must also pay a $3.7 million fine to customs authorities and compensate his victims. Clausi’s trial began a few years ago when he purchased a Ferrari for $440,000 worth of Bitcoin from a
Since the inception of Dogecoin in 2013, memecoins have been a part of the cryptocurrency space. However, a new token called Pepe (PEPE) has grabbed a significant share of the market from plucky investors. Pepe Token Rally PEPE saw a 2,000% boom in value following its launch in late April 2023, primarily attributed to zealous
Pepe Coin (PEPE) has shown remarkable growth in the crypto sector, with its price surging by over 900% in the past seven days. The coin has continued to perform well with another 60% increase in the last 24 hours, and its market capitalization has skyrocketed to over $1 billion. This surge is isolated, as other
Stronghold Digital Mining, Inc. has announced a two-year hosting agreement with Cantaloupe Digital, a subsidiary of Canaan, the manufacturer of Avalon-made ASICs. Starting on May 15, Stronghold Digital will install Avalon A1246 mining rigs, each with 90 terahash per second (TH/s) of hashpower. The company plans to install 2,000 Avalon A1346 miners in June, with
Santiago Cafiero, the foreign minister of Argentina, recently spoke about the advantages that a common currency for Latin American countries would bring to the region and his own country. Although various proposals were discussed during a four-hour meeting between Brazilian President Luiz Inacio ‘Lula’ da Silva and Argentine President Alberto Fernandez, the idea of a
Pepe (PEPE), a cryptocurrency with a frog-based meme theme, has witnessed a surge of over 85% in the last 24 hours. PEPE, which was launched on April 14, 2023, has exceeded a market cap of $1 billion. Ironically, the token’s core value proposition is that it has none. The official website of the cryptocurrency comes
DeeLance is a groundbreaking web3 start-up that is making waves in the crypto industry. It is building an innovative metaverse that utilizes crypto and NFTs to unite freelancers and employers, promising to change the $761 billion-dollar recruitment sector and the way remote working is done. The blockchain-powered digital space is designed to empower both freelancers
South Korea’s interest in the metaverse continues to grow rapidly, as highlighted in a new report on its market growth. The report provides valuable insights into the industry’s size, trends, and dynamics in the country, with investments from both government entities and private corporations. The government has demonstrated its commitment to emerging technologies, including metaverse,
The play-to-earn (P2E) gaming industry has seen significant growth in recent years, with enthusiasts embracing the concept of earning cryptocurrencies or non-fungible tokens (NFTs) as rewards for completing in-game challenges. However, the P2E platform has been losing its structure due to the fall of in-game traction, which has impacted the value of native tokens such
Alex Mashinsky, founder of Celsius Network, has filed a motion to dismiss the civil lawsuit against him by New York State Attorney General Letitia James. The complaint accuses Mashinsky of defrauding investors by concealing the deteriorating financial state of the lending platform, leading to the company’s bankruptcy. James’ lawsuit seeks to prevent Mashinsky from operating
CoinMarketCap has partnered with Web3 entertainment company Hello Labs to create a new reality show called “Killer Whales.” The show is inspired by the popular series “Shark Tank” and aims to promote the entrepreneurial spirit of the Web3 domain to a wider audience. The Competition “Killer Whales” provides a platform for entrepreneurs to pitch their
Texas regulators have set their sights on an individual who is allegedly promoting two cryptocurrencies that aim to capitalize on Elon Musk’s artificial intelligence (AI) pursuits. The cryptocurrencies are named Elon Musk AI Token and TruthGPT Coin, which is named after Musk’s proposed ChatGPT competitor. The Texas State Securities Board (TSSB) has filed a cease-and-desist
During the previous bull cycle, the Crypto.com card offered members enticing benefits, such as substantial cashback and increased staking rewards for users locking CRO tokens up for a minimum of 180 days. However, after June 1, 2022, Crypto.com cut these benefits in response to deteriorating market conditions, such as halving cashback, capping monthly rewards, and
The cryptocurrency industry in the US is convinced that the country’s financial watchdogs are deliberately preventing it from flourishing, due to repeated regulatory failures. According to a report by the Intelligencer, both written and unwritten policies and rules are making it difficult or even impossible for crypto-related companies to operate in the US. The CEO
A Democratic presidential candidate has spoken out against the anti-crypto sentiment growing within his party. Environmental lawyer, Robert Kennedy Jr., has blamed regulatory agencies for the failure of several banks in March. Kennedy has opposed the bailout approach used by financial agencies and criticized the Federal Deposit Insurance Corporation (FDIC) and Securities and Exchange Commission
Iranian companies have been given permission to pay for imports using cryptocurrencies, the country’s Trade Promotion Organization (TPO) has confirmed. The head of the government body, Alireza Peymanpak, stated that the Central Bank of Iran (CBI) had authorized the use of digital coins for imported goods, with the final decision to be made by the
Sui’s mainnet has officially launched, and its native token is now trading on major exchanges such as Binance and Bybit. The token started trading for less than $2 and has already experienced a 72% decline in less than 30 minutes of trading, according to CoinMarketCap data. As of press time, the SUI token’s trading volume
As the popularity of NFTs rises, so does the risk of hacking and theft, making it essential to store them in a secure wallet. The SecuX Nifty NFT Hardware Wallet is the most secure way to store NFTs, providing users with complete control and ownership of their digital assets. SecuX is a blockchain security company
Kenya has announced that it will impose a 1.5% tax on all commissions earned by foreign crypto companies from their customers. The new regulations include all foreign crypto exchanges that earn interest from facilitating buying and selling transactions of digital assets in Kenya. This new tax service expands the existing 1.5% digital tax service that
Binance, a leading cryptocurrency exchange, believes that the key principles of a regulatory framework for crypto-assets should be geared towards consumer protection, market integrity, and financial stability. This was in response to the UK’s HM Treasury’s recent consultation on the regulation of crypto-assets. Binance emphasized the need for a balanced approach to regulation, ensuring that
The White House’s Council of Economic Advisors has raised concerns about the impact of crypto asset mining on the environment, stating that it leads to negative spillovers on the environment, quality of life, and electricity grids in the United States. In response to these concerns, the Biden administration is proposing the Digital Asset Mining Energy
As the impact of climate change continues to grow, people and companies are looking for ways to offset their carbon emissions. Ecoterra is a new cryptocurrency that offers a sustainable solution to support eco-friendly initiatives. With its token, ECOTERRA, this blockchain ecosystem encourages users to recycle and rewards them with digital carbon credits. According to
The Virtual Assets Regulatory Authority (VARA) in Dubai has issued a warning to the four founders of the OPNX Exchange and its CEO, Leslie Lamb. According to VARA, the exchange is unlicensed and unregulated, and therefore, the named individuals are breaking the law by operating and promoting it. The founders include Mark Lamb, Sudhu Arumugam,
Bitcoin (BTC) experienced a rebound on Wednesday, with all eyes on the Federal Reserve rate decision. After reaching a low of $27,935.73 on Tuesday, BTC/USD surged to an intraday high of $28,881.30. This came after bitcoin rejected a breakout below its long-term floor at $27,600 earlier in the week. Momentum has shifted slightly higher, with
Bitcoin’s price has been fluctuating between the 50-day moving average at $28,310 and the psychological resistance level of $30K. The direction of the upcoming rally heavily depends on whether Bitcoin breaks out of this range to the upside or downside. A breakout beyond the $30K region will significantly impact market sentiment, while a decline below
The Trust Wallet has been found to be a secure and reliable option for cryptocurrency users, according to recent research conducted by AX1. The researchers noted that the wallet uses strong encryption and multi-factor authentication to protect user data and prevent unauthorized access. Additionally, Trust Wallet has a track record of timely security updates and
Bitcoin has been on a bullish run since the beginning of the year, with crypto bulls predicting it could reach a new all-time high of $100,000 this year. However, a new player has entered the market in the form of AiDoge ($AI), an AI-powered meme coin that is tipped to offer a more lucrative alternative