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Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, both 39, are currently on trial in the United States, facing charges for orchestrating a colossal $575 million cryptocurrency mining fraud scheme. The trial, which commenced recently following their extradition from Estonia, has captured the attention of the global crypto community mainly due to the large sum…
Global payments giant Mastercard has gone live with a service designed to make peer-to-peer crypto payments simpler and more secure in a number of European and Latin American nations. The “Crypto Credential” service will give users a Mastercard alias (basically a simple username) to send and receive Bitcoin and other coins and tokens via crypto…
The meme coin market is known for its volatility, but one player is currently standing out from the crowd. Popularly known as PEPE, PepeCoin has seen a significant uptick in daily active addresses, more than doubling its figures in recent weeks. According to blockchain data from Coinmarketcap, PEPE daily active addresses have grown from…
In a shocking turn of events, the cryptocurrency community witnessed a dramatic exploit that targeted the popular meme coin known as Normie ($NORMIE). The token, which had been on a remarkable growth trajectory, saw its market capitalization wiped out from a staggering $40 million to a mere fraction of its value in minutes. …
Phantom Wallet, the cryptocurrency wallet initially designed for the Solana blockchain, has soared to new heights, surpassing the long-reigning social media titan, Facebook, in the Google Play Store’s US rankings. Originally catering to Solana (SOL) token users, Phantom Wallet has strategically expanded its horizons. It now supports a variety of major cryptocurrencies, including Bitcoin (BTC),…
The Abu Dhabi Agriculture and Food Safety Authority has just announced a ban on cryptocurrency mining on farms. This measure was taken as a response to the misuse of farmland for activities unrelated to agriculture, with the government imposing fines of up to 10,000 UAE Dirhams (approximately $2,722) for any violations. Various sources claim…
We are witnessing a move that could potentially reshape the landscape of blockchain technology on a larger scale. nChain, a prominent player in the Web3 and blockchain sectors, has announced the creation of the ‘Universal Blockchain Asset.’ This announcement was made during the London Blockchain Conference, marking a key moment in the ongoing evolution of…
In a startling turn, the blockchain-based gaming platform Gala Games fell victim to a significant security breach, leading to the unauthorized minting of 5 billion GALA tokens, cumulatively valued at over $200 million. This incident, which unfolded on May 20, 2024, exposed the fragility of decentralized systems and the dire need for robust security measures….
Robinhood Crypto has announced the launch of Solana staking services, offering a competitive annual percentage yield (APY) of 5%. This strategic decision caters to the growing demand for the SOL token among the platform’s EU user base. The 5% APY is a slight step down from Coinbase’s 5.42% reward for Solana staking, yet it represents…
In a decisive move to safeguard national security, US President Joe Biden has mandated the relocation of property owned by a Chinese-backed cryptocurrency mining firm, MineOne Partners, situated perilously close to a strategic nuclear missile facility. The President’s directive comes amid escalating concerns over potential intelligence activities and the positioning of foreign-owned real estate near…
The much-anticipated Notcoin (NOT) token has confirmed its launch date. The digital currency, which will be minted on The Open Network (TON), is set to make its debut on May 16, 2024, with major cryptocurrency exchanges like Binance, and OKX gearing up to support the rollout. OKX will hold a “Jumpstart” campaign around NOT, rewarding…
The NFT game “Fantasy Top” has made a significant splash in the by paying out a substantial sum of $1.25 million in Ethereum to its participating influencers. This innovative game, which operates on the Ethereum layer-2 network Blast, has turned these influencers into tradable NFT cards, creating a fantasy football-esque experience for its users …
The cryptocurrency community is facing renewed scrutiny concerning security as hackers have laundered $7 million through Tornado Cash, a crypto mixer known for its role in clouding the origins of digital assets. The funds in question were siphoned off from two major cryptocurrency platforms, Poloniex and Kronos Research, and subsequently funneled through Tornado Cash in…
In a not-so-recent development in the crypto world, Ripple is set to launch its USD-backed stablecoin this June. At the recent Las Vegas conference, Ripple’s Chief Technology Officer specifically teased some updates on the launch, further revealing that final details will be shared on the XRPL Apex event in June. Ripple’s stablecoin launch, promised to…
