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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 $575 million cryptocurrency mining fraud scheme. The trial, which commenced recently following their extradition from Estonia, has captured the attention of the global crypto community mainly due to the large sum…
Global payments giant Mastercard has gone live with a service designed to make peer-to-peer crypto payments simpler and more secure in a number of European and Latin American nations. The “Crypto Credential” service will give users a Mastercard alias (basically a simple username) to send and receive Bitcoin and other coins and tokens via crypto…
The meme coin market is known for its volatility, but one player is currently standing out from the crowd. Popularly known as PEPE, PepeCoin has seen a significant uptick in daily active addresses, more than doubling its figures in recent weeks. According to blockchain data from Coinmarketcap, PEPE daily active addresses have grown from…
In a breaking development, Mt Gox exchange has carried out multiple Bitcoin transfers to an unidentified wallet. Impact of Mt Gox Exchange Bitcoin Transfers on The Market The Bitcoin transfers by the now-defunct Mt Gox have caused instant effects in the cryptoc market, raising concerns about market stability and price fluctuations. On May 28, 2024, blockchain…
In a shocking turn of events, the cryptocurrency community witnessed a dramatic exploit that targeted the popular meme coin known as Normie ($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…
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 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….
In a new development, the Telegram founder has insisted that he’ll hold on to his $7,000,000 worth of notcoin holding. Notcoin’s Impact on the Gaming Industry Not’s accomplishment shows the growing trend of incorporating cryptocurrencies into the gaming sector. Its popularity and substantial value shows the increasing acceptance and use of cryptocurrencies in gaming. The…
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…
