The Securities and Futures Commission (SFC) of Hong Kong recently issued a public warning about the unlicensed operations of MEXC within its jurisdiction. The SFC highlighted that MEXC claims to be a virtual asset trading platform, targeting investors in Hong Kong, but it does not hold a license from the regulatory authority. As a result,
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The recent conviction of FTX founder Sam Bankman-Fried has sent shockwaves through the financial world, with federal prosecutors requesting a staggering prison sentence of 40 to 50 years. The US Attorney’s Office for the Southern District of New York has detailed SBF’s wide-ranging fraudulent activities, painting a picture of a man driven by greed and
The Sponge V1 token made its debut during the bear market of May 2023, instantly capturing meme coin virality with its nostalgic and catchy namesake. This fair launch token skyrocketed to become one of the biggest meme coin launches of the year, boasting an all-time high market cap of over $100M and a community of
Recent market fluctuations have caused XRP’s price to dip to $0.63, but analysts remain optimistic about its recovery. They predict significant price increases in the near future and emphasize the crucial role of bullish investors. Lawsuit Impact on XRP’s Price The outcome of Ripple’s lawsuit with the SEC is seen as a key factor that
The recent letter from US Senators Jack Reed and Laphonza Butler to SEC Chair Gary Gensler has put a spotlight on the approval of crypto ETFs, including Ethereum ETFs. The Senators urged the SEC to reject proposals for ETFs beyond Bitcoin, citing concerns about potential risks for retail investors. Doubts on Ethereum’s Trading Volumes and
The new Ethereum-based meme token, DOGE20, has captured the attention of investors by offering an innovative take on Dogecoin-related memes. Unlike Dogecoin, DOGE20 aims to address some of the flaws in meme tokens by providing a more philanthropic version of on-chain staking. It rewards earlier stakers and introduces a fixed supply, setting itself up for
The recent crash in the price of Bitcoin, which dipped below $66,000, can be attributed to a significant drop in inflows into Spot Bitcoin ETFs. Data from Spot On Chain indicated a sharp decline in net flows into these ETFs over the past few days. On Wednesday, March 3, there was a 38% decrease in
The cryptocurrency market is a volatile landscape, constantly shifting and evolving with the emergence of new tokens that capture the attention of investors. One such token that recently made waves is BOOK OF MEME (BOME), a meme coin built on the Solana blockchain. Its debut was nothing short of extraordinary, with its price soaring by
Marvel Comics has recently partnered with VeVe, launching the VeVe Comics platform and providing fans with access to a vast collection of over 300 Marvel digital issues. This revolutionary platform introduces iconic characters such as Spider-Man, X-Men, Captain Marvel, and Black Panther to fans in a whole new way. What sets VeVe Comics apart from
In the world of cryptocurrency investments, trends can shift rapidly. As the popular meme coin Dogwifhat (WIF) continues its impressive upward trajectory, some investors are now turning their attention to a lesser-known crypto ICO called Sponge (SPONGE). This shift in focus highlights the ever-changing landscape of the crypto market, where the search for substantial gains
Recently, the Securities and Futures Commission (SFC) of Hong Kong has identified Bybit as a suspicious virtual asset trading platform and has raised concerns about its unlicensed operations. The regulator pointed out that Bybit has been offering its products to investors in Hong Kong without obtaining the necessary license to conduct regulated activities in the
Cardano has been making waves in the cryptocurrency world with its recent spike in network activity. Despite lagging behind in price action, the blockchain network has seen a significant increase in active addresses. Data from Danogo reveals that the active addresses on the Cardano network reached 596,915 on March 11, marking a one-year high. This
The cryptocurrency market has been witnessing an explosion of meme coins, with Satooshi Nakahobo being the latest to capture the attention of investors. This comedic token, inspired by popular figure spin-off tokens, saw an astonishing 600x surge in value. The token launched at $0.00165 and experienced a rapid surge of +716,750% within hours of trading.
Recently, blockchain analytics firm Elliptic uncovered that the notorious North Korea-backed hacker group Lazarus has once again turned to using the sanctioned crypto mixer Tornado Cash to conceal its transactions. This move comes after a significant decline in the group’s usage of the mixer last year following US government sanctions. Impact of US Sanctions After