Recently, Coinbase, a well-known cryptocurrency exchange based in the US, joined forces with other industry leaders such as Meta, Ripple, Gemini, Kraken, Match Group, and GASO to launch a new initiative called ‘Tech Against Scams’. The primary goal of this coalition is to address the widespread issue of online fraud and financial schemes. It is
Crypto
Back in 2010, a Florida programmer named Laszlo Hanyecz made history by purchasing two Papa John’s pizzas for 10,000 BTC. At the time, this amount of bitcoin was only worth around $41. Fast forward to today, and that same amount of bitcoin is now valued at over $690 million. The surge in bitcoin’s value over
The cryptocurrency market, including Bitcoin and altcoins, experienced a rollercoaster week due to the hype surrounding the approval of spot Ethereum ETFs in the United States. This news created significant volatility in the market, with various assets seeing substantial gains and losses. Bitcoin, the leading cryptocurrency, started the week struggling to maintain levels above $66,000.
The cryptocurrency market has been witnessing a concerning trend in recent times – tokens with high valuations and low initial circulating supply. This trend has raised doubts about the sustainability of the upside potential for traders following token generation events (TGE). Binance Research has released its latest findings confirming this trend, revealing that an increasing
The recent arrest of a Taiwanese national, Rui-Siang Lin, has shed light on the dark underbelly of the darknet drug trade. Operating under the pseudonym “Pharoah,” Lin was the mastermind behind the notorious Incognito Market, a platform that facilitated the sale of illegal narcotics such as fentanyl. The platform, which saw transactions amounting to over
In a recent announcement, OKX revealed that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. This decision was made in compliance with regulatory requirements, specifically related to its virtual asset service provider (VASP) license application. The exchange did not provide specific reasons for this move,
The internet was recently hit with sad news as Kabosu, the Shiba Inu who rose to fame as the original “Doge” meme, passed away at the age of 18. Her owner, Atsuko Sato, a Japanese kindergarten teacher, confirmed the news on social media, sharing the heartbreaking update with Kabosu’s adoring fans. Known for her iconic
The recent sale of $2.6 billion worth of discounted Solana tokens by the bankrupt crypto exchange FTX has raised eyebrows within the cryptocurrency community. Figure Markets and Pantera Capital were among the buyers who acquired the final troves of SOL tokens from FTX through auctions. According to undisclosed sources, Figure purchased 800,000 coins for approximately
The recent unanimous decision by the U.S. Supreme Court against Coinbase Inc. dealt with an arbitration dispute stemming from the cryptocurrency exchange’s 2021 Dogecoin sweepstakes. The ruling clarified the importance of determining which legal agreement takes precedence when parties are governed by multiple contracts. This decision highlighted the necessity for courts to establish which contract
In a recent decision, the United States House of Representatives voted to block the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) directly to its citizens. This move has sparked a heated debate within Congress, with strong opinions on both sides of the issue. The bill, known as the CBDC Anti-Surveillance State Act,
