In a remarkable turn of events, a crypto user named Michael lost access to a wallet containing 43.6 bitcoins back in 2013. The value of the lost coins was approximately $5,300 at the time. Due to a corrupted encrypted file containing the password, Michael was unable to retrieve his assets for 11 long years. Michael
Crypto
Mastercard has recently introduced its Mastercard Crypto Credential, aimed at simplifying and securing blockchain transfers through the utilization of easy-to-remember aliases. This new offering, which enables users on popular exchanges such as Bit2Me, Lirium, and Mercado Bitcoin, marks a significant step towards enhancing transaction simplicity and security, ultimately driving the adoption of cryptocurrencies. The launch
In the midst of a broader market recovery, the XRP Ledger (XRPL) has experienced a surge in network activity across various metrics. According to Messari’s latest report, active addresses and transactions on the XRPL increased by 37% and 113% quarter-over-quarter (QoQ) respectively. This uptick in activity can be attributed to a concentrated group of around
DMM Bitcoin, a prominent Japanese cryptocurrency trading platform, was the target of a devastating hack on May 31st, resulting in the loss of approximately $305 million worth of Bitcoin. The exchange confirmed that 4,502.9 bitcoins were stolen from their systems, causing significant disruption and financial damage. Despite acknowledging the attack, DMM Bitcoin has been hesitant
The U.S. District Court for the District of Utah recently made headlines by dismissing the Securities and Exchange Commission’s (SEC) case against Digital Licensing, operating under the name Debt Box. This decision was accompanied by an order for the SEC to pay approximately $1.8 million in attorney and receivership fees. In response to the court’s
In the current cryptocurrency market, there has been a surge in meme coin launches, many of which have raised concerns due to their questionable ties. Lookonchain’s data has shed light on the risks associated with trading meme coins, especially those backed by celebrities. A recent example is American celebrity Caitlyn Jenner’s JENNER token, which was
Recently, blockchain analysis firm Nansen has identified DBS Bank, one of Singapore’s largest banking institutions, as a significant player in the cryptocurrency market. According to Nansen’s analysis, a crypto wallet owned by DBS Bank contains 173,753 Ether (ETH), with a current market value of approximately $650 million. This revelation has brought attention to the bank’s
Gemini, the crypto exchange founded by the Winklevoss twins, has made headlines with the successful recovery of virtually all its customers’ digital assets. This achievement is being hailed as one of the most successful industry recoveries from insolvency to date. The exchange announced that Gemini Earn customers have received a staggering $2.18 billion of their
Former FTX co-CEO, Ryan Salame, recently received a staggering 90-month prison sentence for his involvement in illegal activities. The United States Attorney for the Southern District of New York, Damian Lewis, announced the sentencing, shedding light on Salame’s crimes. Salame’s troubles began when he pled guilty to conspiring to make illegal political contributions and defraud
After the recent approval of spot Ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission, analysts predict that Grayscale’s upcoming Ether ETF could potentially experience an average outflow of $110 million per day. This projection is based on the trend set by the company’s Bitcoin Trust, which transitioned into an ETF on January
The Normie (NORMIE) token recently faced a major setback when it fell victim to a smart contract exploit, causing its value to plummet by a staggering 99% in just three hours. This exploit resulted in the market cap of the token dropping from $42 million to a mere $200,000. The aftermath of this incident has
In the last 24 hours, Floki Inu (FLOKI) experienced a significant uptick in value, witnessing a 20% rise that pushed its market cap to approximately $2.6 billion. This surge propelled FLOKI back into the fifth position within the meme coin sector, showcasing a resurgence in trader interest and market activity. The meme coin landscape as
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
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