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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 $575 million cryptocurrency mining fraud scheme. The trial, which commenced recently following their extradition from Estonia, has captured the attention of the global crypto community mainly due to the large sum…
Global payments giant Mastercard has gone live with a service designed to make peer-to-peer crypto payments simpler and more secure in a number of European and Latin American nations. The “Crypto Credential” service will give users a Mastercard alias (basically a simple username) to send and receive Bitcoin and other coins and tokens via crypto…
The meme coin market is known for its volatility, but one player is currently standing out from the crowd. Popularly known as PEPE, PepeCoin has seen a significant uptick in daily active addresses, more than doubling its figures in recent weeks. According to blockchain data from Coinmarketcap, PEPE daily active addresses have grown from…
Today’s finance topic is on how outsourced startup studios gain more backing from venture capital firms. Instead of funding single teams, investors back studios that build many projects under one roof. Studios provide staff, test ideas fast, and share tools so new products reach customers with less waste. This model brings steady funding and clearer outcomes….
In a breaking development, Mt Gox exchange has carried out multiple Bitcoin transfers to an unidentified wallet. Impact of Mt Gox Exchange Bitcoin Transfers on The Market The Bitcoin transfers by the now-defunct Mt Gox have caused instant effects in the cryptoc market, raising concerns about market stability and price fluctuations. On May 28, 2024, blockchain…
In a shocking turn of events, the cryptocurrency community witnessed a dramatic exploit that targeted the popular meme coin known as Normie ($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),…
In this article, we’ll be discussing the summary of crypto events that took place this week. Summary of Crypto Events This Week 1. Spot Ethereum ETFs Approved This week, the U.S. regulators approved eight issuers of spot Ethereum (ETH) exchange-traded funds (ETFs) after a long period of deliberation. The approval is an important step for the…
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…
Kabosu, the Japanese dog that became a global Dogecoin meme and the face of the cryptocurrency Dogecoin, has died. The Death Of The Dogecoin Meme The Shiba Inu passed away peacefully in her sleep, at 18, her owner Atsuko Sato, announced in a blog post today. Kabosu gained fame as the face of Dogecoin, a…
Sec Approves All Spot Ethereum ETFs In a long and arduous journey to global relevance, the long-awaited and anticipated Spot Ethereum ETF approval has finally been approved by the US Securities and Exchange Commission (SEC). This news comes as a light at the end of the tunnel as the battle for the ETH/ETF approval has…
Earlier today the detained Binance executive Tigran Gambaryan slumped during his trial. This has raised concerns about his well being. Medical Condition Of The Binance Executive and Court Proceedings Tigran Gambaryan’s health became a significant issue during his trial at the Federal High Court in Abuja. His lawyer, Mark Mordi (SAN), told the court that the…
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 new report, the Bitcoin ETF inflow, has broken the daily supply record, creating room for a possible pump. Bitcoin ETF Inflows vs. Daily Supply The recent surge in Bitcoin ETF inflows, surpassing the daily supply of newly minted Bitcoins, is an important sentiment Indicator in the crypto market. The increase in Bitcoin ETF inflows ,…
