Polimec, a newly launched decentralized funding protocol on Polkadot, is set to disrupt the traditional fundraising landscape for Web3 projects. With a focus on transparency and regulatory compliance, Polimec aims to connect investors and startups globally, ushering in a new era of decentralized initiatives. The launch of Polimec represents a significant advancement in Web3 fundraising
Crypto
The recent announcement of Michael Sonnhenshein stepping down as the CEO of Grayscale, the world’s largest Bitcoin ETF, has sent shockwaves through the cryptocurrency community. His replacement by Peter Mintzberg from Goldman Sachs marks a significant shift in leadership for the company. Sonnhenshein’s departure comes at a crucial time for Grayscale, as it was recently
Bitcoin, the primary cryptocurrency, has experienced quite a rollercoaster ride in the past 24 hours. With the price dropping below $67,000 multiple times, it has managed to react positively to each correction, currently resting at that crucial line once again. Just a week ago, Bitcoin’s price plummeted to slightly over $61,000 due to some issues
As we look ahead to the economic events of the upcoming week, there are several key highlights that investors and market participants should keep an eye on. From the release of the Federal Reserve meeting minutes to a major earnings report from semiconductor giant Nvidia, there are plenty of factors that could potentially influence market
North Korea’s notorious cybercriminal group, known as the Lazarus Group, has been involved in illicit activities involving the theft of cryptocurrency. A confidential United Nations report obtained by Reuters revealed that the group transferred millions of dollars worth of stolen cryptocurrency back to North Korea. In March 2023, the hackers took $147.5 million worth of
Aiden Pleterski, known as Ontario’s self-proclaimed ‘Crypto King,’ has recently made headlines due to his arrest on charges of fraud and money laundering. Along with his associate, Colin Murphy, Pleterski is accused of orchestrating a Ponzi scheme that allegedly resulted in the theft of approximately $30 million from unsuspecting victims. This case, dubbed ‘Project Swan,’
In a shocking turn of events, two siblings who graduated from the prestigious Massachusetts Institute of Technology (MIT) are now facing serious allegations of exploiting a vulnerability in the Ethereum blockchain. The siblings, Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, are accused of swindling a staggering $25 million within a mere 12 seconds. This brazen
Polkadot has recently embarked on a groundbreaking partnership with Founder Institute, a prominent business incubator known for nurturing innovative startup ideas. This collaboration marks the beginning of an exciting chapter in the launch of the first Web3 cohort within Founder Institute’s Core Program. The team at Founder Institute expressed enthusiasm about revolutionizing the landscape of
The cryptocurrency market has seen a remarkable week of trading, with Bitcoin leading the way in a positive trend. Bitcoin saw significant gains, exceeding $6,000 and reaching a high price of over $67,000 – its highest level in almost a month. This surge in Bitcoin’s price also had a positive impact on altcoins, with many
Recently, the Chinese police forces unveiled a major underground banking operation that utilized the popular stablecoin Tether (USDT) to facilitate transactions totaling 13.8 billion yuan ($1.9 billion). This illegal operation was discovered by the Public Security Bureau of Chengdu Municipal, leading to the arrest of 193 suspects and the freezing of 149 million yuan ($20.6
One of the key factors in the potential flip of market capitalization between Dogecoin and Ripple is the presence of Elon Musk. Dogecoin has benefited greatly from Musk’s endorsements and tweets, leading to a significant increase in its value over the years. Ripple, on the other hand, lacks a figure of Musk’s stature to champion
Cryptocurrencies and artificial intelligence (AI) have been making waves in the financial industry, with exponential growth potential and technological advancements driving the market forward. According to recent predictions from ChatGPT, two AI-related cryptocurrencies are poised to emerge as top performers in the coming year. This article delves into the specifics of these predictions and explores
The Donald Trump-themed meme coin Doland Tremp (TREMP) saw a significant surge, reaching a new all-time high following positive news about the billionaire’s presidential campaign. The former political leader has adjusted his stance on digital assets, presenting himself as the candidate of choice for pro-crypto voters. The cryptocurrency market as a whole displayed a positive
After more than 19 months since Ethereum’s Merge upgrade, it is evident that Ether (ETH) is not able to keep up with Bitcoin (BTC). The ETH/BTC price ratio hit a three-year low at 0.044, marking a significant decrease in market dominance for Ether since May of 2021. This trend has been disheartening for many Ethereum