The Worldcoin project, led by Sam Altman, has hit a roadblock in Hong Kong as the Office of the Privacy Commissioner for Personal Data (PCPD) has ordered the Worldcoin Foundation to cease all activities in the region. This action was taken due to the collection of facial and iris biometric data from over 8,000 individuals
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In a significant move to combat online fraud and financial scams, prominent US-based cryptocurrency exchange Coinbase has launched a new initiative called ‘Tech Against Scams’. This coalition includes industry leaders such as Meta, Ripple, Gemini, Kraken, Match Group, and GASO. The primary goal of this initiative is to address online fraud while simultaneously protecting and
Fourteen years ago, the idea of using 10,000 bitcoins (BTC) to purchase only two pizza boxes seemed inconsequential. Fast forward to today, and the story has drastically changed. Bitcoin Pizza Day, celebrated on May 22, is a tribute to a remarkable event in the cryptocurrency world. It marks the day when Laszlo Hanyecz, a Floridian
The recent surge in the price of Bitcoin to $71,000 was fueled by the news of the Ethereum ETF approval. However, the price quickly corrected to $67,000 and is now consolidating. Despite this, Bitcoin whales are showing signs of activity in the market, with a significant increase in their holdings over the past few days.
The recent approval of the Ethereum Spot ETF has sparked a wave of speculation regarding the potential performance of these investment funds once they hit the market. Renowned Bloomberg ETF analyst, James Seyffart, has weighed in on the subject, offering his insights on the level of investments these ETFs are likely to attract compared to
The cryptocurrency market has been witnessing a concerning trend in the form of tokens being launched with high valuations but limited initial circulating supply. Recent findings from Binance Research shed light on this alarming practice, revealing that an increasing number of tokens are entering the market with inflated valuations. This phenomenon has raised questions about
Bitcoin had a rollercoaster of a week, driven by hype and the anticipation of spot Ethereum ETF approval in the United States. The cryptocurrency struggled to stay above $66,000 at the beginning of the week but experienced a significant surge on Monday. This surge, however, was short-lived as Bitcoin started losing value in the following
The infamous darknet drug bazaar, Incognito Market, was run by a 23-year-old Taiwanese national, Rui-Siang Lin, operating under the pseudonym “Pharoah.” This online platform facilitated the buying and selling of illegal narcotics, including fentanyl, prescription amphetamines, MDMA, LSD, and cocaine. Over a span of four years, Incognito Market transacted more than $100 million in cryptocurrencies,
Recently, OKX announced that it would be discontinuing its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. The exchange cited a “careful consideration” of its business strategy as the reason behind this decision. While OKX reassured customers that their funds are secure and withdrawal services will continue to operate normally,
The recent approval by the United States Securities and Exchange Commission (SEC) for Ethereum exchange-traded funds (ETF) has sparked significant interest in the investment community. This approval comes at a time when the Bitcoin spot ETF market is experiencing a resurgence, with positive inflows for the second consecutive week. The increase in investor confidence over
The recent report released by the Mollars token team shed light on the increasing search volumes from crypto traders for the “MOLLARS” brand, which are now rivaling other popular tokens like Bonk Inu (BONK) and Pepe (PEPE) tokens. The data from an investor of the new store-of-value token provides insight into the types of crypto
In recent days, Ethereum’s price has been oscillating within a range of $3,949 to $3,627, following a previous rally that resulted in a significant uptrend for the cryptocurrency. This period of consolidation typically signifies a phase of building momentum before a breakout occurs. The current trading price of ETH stands at $3,752, reflecting a 0.66%
After the recent Bitcoin halving in April, there has been much speculation about when the cryptocurrency will experience a major price breakout. While Bitcoin did see a rise to $71,443, it soon faced a retracement, dropping to as low as $66,936. Analysts, including renowned analyst Rekt Capital, have been closely monitoring these price movements and
The recent passing of Kabosu, the Shiba Inu who rose to fame as the face of the “Doge” meme, has left a profound impact on millions of people around the world. Known for her iconic expression and the whimsical captions that accompanied her photos, Kabosu captured the hearts of many and became a symbol of