October 7, 2023

Hong Kong Increases Crypto Exchange Scrutiny Following JPEX Fiasco 

The move follows the imbroglio at the JPEX crypto exchange last month, which resulted in multiple arrests and the platform shuttering services. The unlicensed exchange is alleged to have defrauded investors out of $204 million. The task force is comprised of the city’s Securities and Futures Commission (SFC) and law enforcement officials, including representatives from...
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Japan to Embrace Dogecoin’s Dog Statue in November

In a heartwarming tribute to one of the internet’s most iconic dogs, the Dogecoin community fundraised for a bronze statue of Kabosu, the Japanese Shiba Inu that inspired the beloved Doge meme and the Dogecoin cryptocurrency. The crowdfunding campaign, launched on Kabosu’s 17th birthday on Nov. 2, 2022, will end with the unveiling of the...
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Bitcoin Price Forecast Next Week: Why BTC May Not Tap The $30K Level

Bitcoin has recently grabbed headlines with its fluctuating price of around $28K. While Bitcoin’s price is trying to accelerate buyer confidence, sellers are increasingly active near resistance levels. Consequently, the psychological $30K threshold seems unlikely to be reached by Bitcoin next week. This sentiment is further supported by various on-chain metrics, particularly the rising NVT...
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September Marked Record Profits for Bitcoin Miners

September of 2023 was a great month for Bitcoin mining companies. While the crypto world has been focused on the high-profile court cases regarding SBF and Celsius’ Mashinsky, Bitcoin miners have steadily been improving their hash rates, promising a greater future supply of the first cryptocurrency. News of record outputs from three Bitcoin mining firms...
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ChatGPT’s 8 Best Investments to Protect You Against Inflation, Is Crypto Included?

Although the most violent months of inflation increases in the developed world seem to be behind us, there are still countries where the rising costs of essential goods are threatening the local economies and people. Moreover, many economists are predicting higher inflation rates in the upcoming months coming back to the US and other nations,...
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Galxe Website Compromised, Balancer Hackers Likely Responsible

Galxe, a Web3 credential project, instructed users not to interact with the platform following a security breach on its website. Meanwhile, on-chain sleuth ZachXBT says the hackers are likely the same as the rogue actors that recently attacked Balancer’s front end. Galxe reported the security incident via its official X handle on October 6, asking...
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$3 Million in AVAX Swiped in Hack Against Avalanche-Based Social App

The hacks against cryptocurrency projects continue in full force, with the latest victim being the Avalanche-based social app – Stars Arena. According to early estimations, the perpetrators have swiped almost all funds (roughly $2.9 million in AVAX) from the platform, which later apologized and raised hopes to make users whole again. Launched about a week...
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Ripple Vs. SEC Lawsuit: Here’s What to Expect From Next Trial on April 2024

A pro-Ripple legal expert, John Deaton, has elucidated on a probable settlement scenario between the U.S. Securities and Exchange Commission (SEC) and Ripple instead of proceeding to trial. Here are the key points from his discussion: [embedded content] Settlement Instead of Trial: Deaton postulates that a trial is unlikely due to a recent decision viewed...
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Australian Authorities Seize Crypto Worth $1.5 Million From Alleged Drug Dealer

South Australian police have arrested an individual charged with drug trafficking and money laundering involving crypto on the dark web. The police seized cash, illicit drugs, electronic devices, and cryptocurrency worth $1.5 million belonging to the accused individual. Drug Trafficker Supposedly Received Payment in Crypto An investigation carried out by the South Australian police, which...
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