Toncoin (TON), the native token of The Open Network blockchain, has been making waves in the cryptocurrency market recently. According to a recent analysis by CryptoQuant, TON has surpassed Bitcoin in price performance by an impressive 118% since the beginning of 2024. The on-chain analytic company’s research has revealed interesting trends in investor sentiment across
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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
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 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 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
FTX, a bankrupt crypto exchange, recently concluded the sale of $2.6 billion worth of discounted Solana tokens. Figure Markets and Pantera Capital were among the buyers who participated in the auctions, acquiring final troves of SOL tokens from FTX after weeks of bidding. Figure reportedly purchased a bundle of 800,000 coins for around $80 million,
In a landmark decision, the U.S. Supreme Court unanimously ruled against Coinbase Inc. in an arbitration dispute stemming from the company’s 2021 Dogecoin sweepstakes. The court clarified that when parties are governed by multiple contracts, a court must determine which legal agreement takes precedence. This decision brings much-needed clarity to the arbitration process, highlighting the
The recent decision by the United States House of Representatives to bar the Federal Reserve from directly issuing a Central Bank Digital Currency (CBDC) has sparked a heated debate within the crypto community. The CBDC Anti-Surveillance State Act bill, introduced by Rep. Tom Emmer, has raised concerns about government overreach and the need to protect
The Trump campaign made headlines on Tuesday with its announcement to accept cryptocurrency donations for the first time ever by a major party presidential nominee. This decision aligns with Trump’s overarching theme of prioritizing “freedom over socialistic government control,” as described by the campaign. Embracing New Financial Technologies By allowing supporters to donate with “any
Peter Schiff, a well-known gold bug, has once again raised concerns about the future of Bitcoin, particularly in light of the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission. This latest warning from Schiff comes at a time when the price of Bitcoin has been on the rise, surpassing $70,000.