In March, Shiba Inu (SHIB) saw a sharp increase in token burns, with billions of tokens being removed from circulation. The burn rate for the month totaled over 15.5 billion assets, marking a 2,300% increase compared to February. The most substantial burn took place on March 8, when nearly 14 billion SHIB tokens were sent
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The increase in crypto crimes is a global concern, particularly with the recent surge in the market. One of the most vulnerable groups being targeted is the elderly, who are often lured into fraudulent schemes promising high investment returns in exchange for their funds. This trend has prompted authorities to step up their efforts to
The world of cryptocurrency is constantly evolving, with new coins and tokens surfacing every day. Some of these digital assets gain popularity and traction, while others quickly fade into obscurity. However, one recent launch has captured the attention of many in the crypto community – Poopcoin. Poopcoin, the brainchild of Jordan “Poopie” Castro, made its
The financial world is constantly evolving, with new technologies and trends shaping the way financial products are marketed and sold. One such trend that has caught the attention of regulators is the use of memes in marketing financial products. The Financial Conduct Authority (FCA) in the UK has recently released guidelines targeting meme-based marketing by
In response to the October 7th attacks on Israel, the US Treasury’s Office of Foreign Assets Control (OFAC) and the UK’s Office of Foreign Sanctions Implementation (OFSI) have intensified their efforts to combat terrorism financing through cryptocurrency. This crackdown led to the imposition of fresh sanctions on two individuals and three entities allegedly involved in
Artificial Intelligence (AI) has become an integral part of our daily lives, revolutionizing the way we interact with technology. However, with the rise of generative AI models, concerns surrounding security and privacy have surfaced. In a recent presentation in Washington, DC, John deVadoss highlighted the potential risks associated with the rapid advancement of AI technology.
The recent surge in Bitcoin price has been attributed to the accumulation by large whales and shark investors. While whales hold hundreds of millions of dollars worth of BTC, sharks are addresses holding between 100 BTC and 1,000 BTC. According to Glassnode data, shark wallet addresses have accumulated 268,441 BTC in the past 30 days,
In recent days, the Bitcoin price has seen a significant uptick, sparking enthusiasm among investors and drawing comparisons to the positivity associated with Holy Week in the Christian faith. This surge in the price of Bitcoin has not been isolated, as other major cryptocurrencies have also experienced notable gains over the past week. The renewed
Bitcoin investors have recently experienced a significant increase in profits, with the crypto asset surging by 9.34% to trade above $71,000. This substantial uptick in price has left many individuals in the BTC market eagerly anticipating potential large gains in the current bull cycle. However, according to Bitwise CEO Hunter Horsley, the impending halving event
Tigran Gambaryan, a high-ranking official at Binance, has recently found himself entangled in a legal battle with the Office of the National Security Adviser (NSA) and the Economic and Financial Crimes Commission (EFCC) in Nigeria. In a Fundamental Rights suit, Gambaryan, who holds American citizenship, has accused Nigerian authorities of wrongfully detaining him. The detainment
Cardano (ADA), the proof-of-stake blockchain platform, has been at the forefront of technological advancements, as confirmed by Input Output Hong Kong (IOHK). The recent announcement by IOHK sheds light on the significant strides made in improving different aspects of the Cardano platform. One notable area of improvement is within the ledger team, which has made
In a recent report, Kerrisdale Capital has taken a strong stance against the overvaluation of MicroStrategy’s shares. They argue that the premium at which the shares are trading, representing over two and a half times the spot price of Bitcoin, is unwarranted. According to Kerrisdale Capital, for MicroStrategy’s shares to be justified at their current
CFTC Commissioner Caroline Pham recently expressed concerns that the charges brought against KuCoin by her agency could be encroaching on the responsibilities of the SEC. While she commended the Division of Enforcement for taking decisive action, she pointed out a crucial flaw in the allegations. Pham highlighted the distinction between investments in funds, typically classified
The recent outflows from the Grayscale Bitcoin ETF caused a significant stir in the market, resulting in a sharp decline in the value of BTC. However, as a new week dawns, there seems to be a shift in sentiment among investors, with a renewed sense of optimism towards Bitcoin. This shift is reflected in the