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
Crypto
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
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
