An unnamed cryptocurrency holder recently lost more than $3 million worth of PYTH tokens after erroneously transferring them to a scammer’s wallet. The mistake happened when the victim, relying on their transaction history, copied and used a fake deposit address. The High Cost of a Small Mistake According to a November 25 post by blockchain...Read More
The U.S. Securities and Exchange Commission (SEC) has announced that it secured $8.2 billion in enforcement actions in 2024. This is the largest amount the commission has ever recovered, with significant contributions coming from the high-profile Terraform Labs case. Terraform Labs Leads SEC Recoveries According to a November 22 report, the SEC’s enforcement actions for...Read More
Amid heightened activity across the crypto market, the Base network also experienced renewed momentum. Data from L2Beat revealed that Base’s total value locked (TVL) surged by more than 5% over the last week, surpassing $10 billion for the first time, with Aerodome Finance leading the charge reflecting the meme coin trading dominance. Since September’s brief...Read More
Despite a bearish outlook across the cryptocurrency landscape, Ethereum (ETH), the world’s second-largest cryptocurrency, is poised for a notable upside rally. A bullish price action pattern and record interest from traders support this positive outlook. Ethereum Open Interest Hits Historic High On November 26, 2024, on-chain analytics firm Coinglass revealed that Ethereum’s (ETH) Open Interest...Read More
Howard Lutnick, US President-elect Donald Trump’s pick for Commerce Secretary, aims to launch a $2 billion project to lend dollars to clients who supply Bitcoin as collateral, according to Bloomberg citing people familiar with the matter on Nov. 24. Funding for the program will start at $2 billion and is “expected to eventually reach into...Read More
Digital asset investment products experienced a record-breaking week, with $3.13 billion in inflows, pushing total investments since mid-September – the start of US interest rate cuts – to $15.2 billion. According to CoinShares, year-to-date inflows have soared to $37 billion, thereby setting a new milestone and outshining the initial success of US Gold ETFs, which...Read More
[PRESS RELEASE – Hong Kong, Hong Kong, November 25th, 2024] Web3 game studio Qooverse has secured pre-seed funding in a round led by VC firm Paper Ventures, followed by Animoca Brands, Merit Circle, and notable angels in the industry. Founded by a creative team whose professional background includes time at Tencent and Goldman Sachs, Qooverse...Read More
The business intelligence giant founded and guided by Michael Saylor has done it again on a Monday, breaking its own record for the largest single bitcoin purchase. In this week’s edition, MicroStrategy said it bought 55,500 BTC for an average price of just under $98,000. MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862...Read More
Pump.fun, the popular Solana-based meme coin generator, is facing intense backlash for its livestream feature, which has devolved into a disturbing hub for exploitative and extreme behavior. Initially designed to allow developers to promote their projects, the platform has instead become a breeding ground for troubling content. Extreme Stunts on Pump.fun for Profit Reports reveal...Read More
Sky Mavis, the developer behind the blockchain-based game Axie Infinity, has announced a 21% reduction in its global workforce. This move is part of a larger restructuring plan to secure the company’s future stability and development. Core Products and Future Growth According to a local media report, this decision will impact approximately 50 employees out...Read More
Crypto markets have been rallying for the past several days, however, things are starting to cool, with most digital assets correcting as this week begins. The robust economic backdrop, coupled with the expected policy changes under Donald Trump’s administration, supports an optimistic outlook for crypto and tech stocks, especially assets associated with artificial intelligence. Economic...Read More
The organization that operates the social media platform Truth Social has applied to trademark the name “TruthFi” in anticipation of creating a digital currency payment service. Trump Media and Technology Group (TMTG) is primarily owned by U.S. President-elect Donald Trump, who promised to support crypto adoption during his presidential campaign. Trump Media to Expand Business...Read More
In a settlement with US authorities, BIT Mining agreed to pay $10 million in penalties related to bribery allegations involving Japanese government officials to secure a resort license. The company, which operates in the Bitcoin mining sector, admitted to violating the Foreign Corrupt Practices Act (FCPA) by conspiring to pay bribes and falsifying records. As...Read More
Federal prosecutors in the United States have filed charges against five individuals accused of carrying out a complex phishing and hacking operation that targeted employees of companies across the country. According to authorities, the scheme led to the theft of intellectual property, sensitive corporate data, and millions of dollars in cryptocurrency, including $6.3 million stolen...Read More
[PRESS RELEASE – Zurich, Switzerland, November 22nd, 2024] FIFA and next-generation gaming technology studio Mythical Games today announced a collaboration to launch FIFA Rivals – a groundbreaking, officially licensed, football mobile video game. Scheduled for release on mobile on iOS and Android, FIFA Rivals will focus on exciting arcade gameplay to deliver an unprecedented gaming...Read More
Shaquille O’Neal has agreed to pay $11 million to settle a class action lawsuit brought by holders of the Astrals NFT collection. The settlement, submitted as an unopposed proposal on Monday in a Florida district court, is now pending approval by Judge Federico Moreno. If granted, it will resolve allegations that he promoted unregistered securities....Read More
The promise of a pro-crypto regulatory environment led by the incoming administration of the United States President Donald Trump has triggered a positive effect among cryptocurrencies, with the native assets of layer-1 blockchains raking in substantial gains. According to a CryptoQuant report, crypto assets like XRP, TRX, Toncoin (TON), SOL, ADA, the native assets of...Read More
The world’s leading cryptographic currency is trading over 40% higher than its average price on the eve of the November 5th US elections. Analysts agree that this is owing in large part to the promises of the Trump campaign and its allies to ensure that the federal government is fair to the innovative new Internet...Read More
Several base-layer blockchain cryptocurrencies that compete with Ethereum—because they are optimized for smart contracts and open-source currency issuance—rallied further up their price charts than ETH during the US election rally. Even Bitcoin gains beat Ether’s on this turn of the markets. For the 30 days ending Friday, Nov. 22, Bitcoin’s price gained 47%. Meanwhile, Sui Coin...Read More
The US-based spot Bitcoin ETFs enjoyed a highly positive week, with every trading day ending with net inflows of millions and even billions of dollars. In stark contrast, the Ethereum counterparties ended the same five-day trading period deep in red territory. Over $3B Enter BTC ETFs Weekly It has been nothing short of a spectacular...Read More
Bitcoin’s price was still up by 9% compared to its valuation a week ago. But that’s a far cry from its green 17% weekly candle on Nov. 10, just five days after the US elections. The election of a crypto-friendly cabal of Republican politicians with war chests full of blockchain money gave the market a...Read More
The U.S. Securities and Exchange Commission (SEC) has confirmed the distribution of over $4.6 million to investors impacted by the unregistered initial coin offering (ICO) of blockchain startup BitClave. The funds will be paid out from the BitClave Fair Fund following a notice and claims process. BitClave’s $29 Million ICO Settlement “The checks are in...Read More
Asset manager Charles Schwab could enter the crypto exchange-traded fund (ETF) market following comments made by incoming CEO Rick Wurster. Wurster told Bloomberg that the company would offer spot digital currency trading if the U.S. regulatory environment changed. Regulatory Environment Will Change Eventually In a November 21 interview, the financial services company’s incoming head said...Read More
FTX Trading Ltd and its affiliated debtors have announced that they are nearing the completion of key steps to implement their court-approved Chapter 11 reorganization plan. Once finalized, the plan will allow the company to distribute up to $16.5 billion in recovered funds to creditors and customers. Distribution Timeline In a November 21 press release,...Read More
One of the most popular individuals in the crypto world (and not for good reasons), Ruja Ignatova, also known as the “Cryptoqueen,” is the founder of the fraudulent scheme OneCoin, which embezzled over $4 billion from victims. Ignatova is considered the mastermind of the scam, but her whereabouts have remained unknown since she was last...Read More
In this bull run, the majority of top cryptocurrencies have already experienced notable upside momentum. Amid this, Uniswap (UNI) stands out as one of the top cryptocurrencies that recently broke out of a bullish price action pattern, with much room to soar significantly in the coming days. Traders and Whales Driving UNI’s Growth At present,...Read More
Bitcoin (BTC) has been flirting with the $100,000 mark over the last 48 hours as optimism for a higher rally engulfs the market. As a result, investors have become very greedy. Data from the Crypto Fear and Greed Index, which tracks investor sentiment across the market, indicates that participants are in an extremely greedy phase....Read More
The crypto community mourns on X as the 2024 bull market seems to be over. No, this is not a drill, Jim Cramer said on national TV that bitcoin is a winner and he advised people to own BTC. If this isn’t a clear bear signal, we don’t know what is. Bitcoin Is a ‘Winner’...Read More
Bitcoin has been very popular in the United States, Europe, the Middle East, and Latin America. The cryptocurrency has also enjoyed great success in neighboring South Korea and Japan. Cryptocurrency policy in China has been varied—from allowing citizens and residents of mainland China to own crypto, to banning the asset class in 2021. It would...Read More
It’s been barely a few weeks since the pro-crypto candidate Donald Trump won the United States presidential elections, and the digital asset market still feels the impact of that victory. As the Trump administration prepares to take complete charge of affairs at the White House by January, crypto users anticipate what this could mean for...Read More
