Chainlink’s LINK token has experienced an astonishing surge of 38% since late January, pushing it to a 24-month peak. This surge has propelled its market cap to an impressive $10 billion. The sudden increase in value has caught the attention of crypto whales, who have been accumulating over $50 million worth of LINK tokens in
Crypto
Dogecoin, the original meme cryptocurrency, has shown resistance at the $0.08 level despite a temporary breakout. While its price movement may not align with the broader crypto market, the network continues to experience growth across various metrics. This article delves into the network expansion, performance compared to other meme cryptocurrencies, recent developments with SpaceX, and
As the cryptocurrency market continues to evolve, altcoin season is said to be in full swing. According to crypto analyst Michaël van de Poppe, now is the time to make entries at value. With his extensive following of nearly 700K on X, van de Poppe suggests that the period 3-8 months before the Bitcoin halving
Colin Murphy, an associate of the infamous “Crypto King” Aiden Pleterski, received a significant blow to his freedom when he was sentenced to 5 months in prison for contempt of court in Oshawa, Ontario, Canada. The verdict was delivered by Ontario Superior Court Justice Hugh O’Connell, who found Murphy guilty of refusing to surrender his
In today’s digital age, trust in the media is constantly being eroded by the emergence of deepfakes. These manipulated videos, often appearing as legitimate endorsements from well-known figures, deceive unsuspecting viewers and promote fraudulent platforms. Recently, a doctored clip of Australian mining magnate Andrew “Twiggy” Forrest surfaced on Facebook, where he appeared to be promoting
Meta’s metaverse division, Reality Labs, recently achieved a remarkable milestone by recording over $1 billion in revenue for the fourth quarter of 2023. The success can be primarily attributed to the sales of Meta’s Quest headsets and the Ray-Ban Meta smart glasses. This achievement marks an extraordinary feat for Reality Labs; however, it comes at
The approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) was expected to bring a bullish surge to the crypto sphere. However, following the trading debut of eight spot BTC ETFs, Bitcoin prices took a downturn. Hovering below $43,000, Bitcoin has been trapped within a tight trading range for
In a recent spontaneous Ask Me Anything (AMA) session on X, Mark Cuban, the entrepreneur and owner of the Dallas Mavericks, shared his thoughts on various cryptocurrency ventures. With a following of 8.8 million, Cuban’s insights hold significant weight in the crypto community. Let’s delve into his comments and understand his perspectives beyond Bitcoin and
DeFi regulation has become a contentious topic among regulatory bodies worldwide. The emergence of decentralized finance protocols has raised concerns regarding the potential risks and vulnerabilities associated with these systems. However, a recent paper authored by Rebecca Rettig, Katja Gilman, and Michael Mosier proposes a unique strategy to address these concerns by classifying truly decentralized
The increasing popularity of spot Bitcoin exchange-traded funds (ETFs) has hit Hong Kong, as Harvest Fund Management’s Hong Kong branch recently applied for a spot Bitcoin ETF with local regulators. This move aligns with Hong Kong’s efforts to establish its first wave of spot crypto ETFs, which are expected to revolutionize the digital asset investment
The United States Financial Industry Regulatory Authority (FINRA) recently released a report revealing concerning statistics about the retail communications concerning cryptocurrencies. The report stated that around 70% of these communications violate FINRA’s rule of misleading claims. This article analyzes the findings from the report and highlights the areas of concern. In November 2022, FINRA launched
Cryptocurrency security firm CertiK, known for its expertise in auditing blockchain networks and smart contracts, is grappling with a surge of fraudulent activities. Scammers are exploiting CertiK’s brand and targeting users, deceiving them with false certifications and impersonating company personnel. In this article, we will delve into the challenges faced by CertiK and the measures
In a landmark case, Mark Scott, a former partner at the prominent U.S. law firm Locke Lord, has been sentenced to 10 years in prison for his role in a fraudulent cryptocurrency scheme. The scheme, which involved the OneCoin cryptocurrency, was valued at a staggering $400 million. Manhattan federal prosecutors announced the sentencing on Thursday,
Last month, Changpeng Zhao, also known as CZ, the founder of the popular crypto exchange Binance, faced a significant setback when a federal judge denied his request to travel to the United Arab Emirates (UAE). This decision has put a halt to CZ’s plans, as he proposed using his substantial $4.5 billion stake in Binance
