Juan Tacuri, a major promoter of the cryptocurrency Ponzi scheme Forcount, later renamed Weltsys, has pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme primarily targeted Spanish-speaking communities in the U.S., and Tacuri benefited significantly, amassing millions from his fraudulent activities. Scheduled for sentencing on Sept. 24, […]

In a recent interview with Bitcoin Magazine, Shinobi sat down with Willem Schroé from Botanix Labs to discuss the progress and vision behind Spiderchains, an innovative scaling solution soon to be released to the public. Despite the flurry of attention surrounding other layer solutions like BitVM and rollups, the team at Botanix has been steadily […]

The network is currently experiencing temporary congestion due to over 300,000 unconfirmed transactions waiting to be processed on Friday morning.

TL;DR The GameStop (GME) meme coin on the Solana blockchain soared 88.74% in a single day. Keith Gill, known as RoaringKitty, announced a live stream, boosting the value of several cryptocurrencies. The growth of the meme coin market on Solana has exceeded $10 billion in market capitalization. The recent announcement by Keith Gill, also known […]

TL;DR JPMorgan’s Analysis: Ethereum ETFs in the U.S. may see a lukewarm response compared to Bitcoin ETFs, which have drawn $15.3 billion. The lack of staking rewards and Ethereum’s smaller market value could limit excitement. Market Dynamics: The SEC’s openness to Ethereum ETFs brings hope despite Ethereum’s slower price rise compared to Bitcoin. JPMorgan predicts […]

Newcomer-friendly crypto platform Margex demonstrates textbook example of holistic service for cryptocurrency operations in 2024

A US regulator is banning a former Wells Fargo employee from the banking industry after she allegedly sold private customer information and triggered more than half a million dollars in fraudulent transactions. New filings from the U.S. Office of the Comptroller of the Currency (OCC) detail a consent order with ex-Wells Fargo employee Bathia Greene, […]

Investigators discovered a “shared narrative” that lured in victims, including Facebook advertisements for cryptocurrency investments featuring a …

As the overall sentiment in the crypto market veers towards bullishness, leading cryptos have regained their previously lost levels and ignited further interest in meme coins. Brett (BRETT) has emerged as the standout performer, experiencing a 400% gain in the past 30 days alone.  Having launched just three months ago, BRETT now boasts a market […]

Robinhood has agreed to acquired the cryptocurrency exchange Bitstamp; the deal is expected to cost the trading app approximately US$200 million and be completed in Q1 of 2025 Robinhood says the acquisition will accelerate the global expansion of its crypto business, crypto has become an increasingly important source of income for the platform over the […]

The European Central Bank announced cuts of 0.25% (or 25 basis points) on three of its main interest rates: the main refinancing operations, the marginal lending facility, and the deposit facility. President Christine Lagarde emphasized that future decisions regarding additional cuts will depend on market reactions and evolving data. European Central Bank Cuts Interest Rates […]

Traditionally considered an odd couple, Bitcoin has made intriguing forays into the crypto ecosystem over the past year. Cake Wallet’s decision to integrate Lightning is an unexpected yet exciting development that continues this trend of Bitcoin integration. In doing so, Cake aims to make Bitcoin more practical for everyday use for its users. In a […]

Bitcoin derivatives markets show less appetite for bullish positions. Is BTC price at risk?

Bitcoin (BTC) peaked in March 2024, recording a new all-time high of about $73,000. Though the flagship asset has shed some of its value, dropping to the $69,000 level, Bitcoin (BTC) recently entered the significant 1.1 million BTC demand zone.  Also, at the same time, another Bitcoin ETF token, ETFswap (ETFS), crossed the 200 million […]

Creditors of the bankrupt cryptocurrency exchange FTX have filed an objection to the platform’s proposed reorganization plan, citing its failure to meet certain requirements of the Bankruptcy Code. According to a tweet by FTX creditor activist Sunil Kavuri, the objection argues that the reorganization plan ignores property rights issues, does not satisfy the best interest […]

Analyst and trader Kevin Svenson is saying that Bitcoin (BTC) is flashing a bullish signal amid the flagship crypto asset’s double-digit bump over the past month. In a new video, Svenson tells his 78,400 YouTube subscribers that Bitcoin is on a parabolic trend and is close to a “point of going vertical.” “Bitcoin is near […]

TL;DR dYdX Upgrade to v5.0: The decentralized perpetuals exchange dYdX has successfully upgraded to version 5.0, introducing several innovative features aimed at enhancing user experience and expanding market possibilities. New Features and Enhancements: The v5 upgrade introduces isolated markets and margins, batch order cancellation, and automated liquidity provider strategies. Incentives and Growth: In line with […]

TL;DR Artificial intelligence (AI) is being used by criminals to improve their tactics in the cryptoasset ecosystem. Emerging typologies of crimes include the use of deepfakes, fake tokens, cyberattacks, large-scale scams, and identity theft. Elliptic has published a report highlighting these risks and offering solutions to mitigate them. Artificial intelligence (AI) has revolutionized various industries, […]

Mysterious quarter-billion dollar Bitcoin transfer hits Coinbase as BTC price readies for breakout

Trader forced to hand over hundreds of thousands of pounds-worth of cryptocurrency after allegedly being kidnapped, robbed and blackmailed, jury told.

Bitcoin continues to be the market leader. However, despite significant developments, such as the introduction of spot Bitcoin Exchange-Traded Funds (ETFs), the anticipated price surge to $100,000 remains ‘unrealized.’ Charles Edwards, founder of Capriole Investments, commented on this and took to Elon Musk’s social media platform X to explain the hurdles preventing Bitcoin from achieving […]

The Brooklyn District Attorney’s Office has seized 70 domains used to scam the Russian community. The scam involved deceptive Facebook ads featuring a deepfake of Tesla CEO Elon Musk. Over 20 Brooklyn residents and additional victims nationwide lost a total of $5 million. 70 Crypto Scam Domains Seized The Brooklyn District Attorney’s Office announced Thursday […]

Hyperbitcoinization is the belief that eventually all goods and services will be priced in bitcoin instead of dollars. If you identify as a Bitcoin maximalist, you might have already accepted this as a given. But what does this process actually look like over time? What are key milestones that we can point to that would […]

The rise and fall of celebrity meme tokens: how these celebrity-backed tokens have dumped in the current bull market.

Giant investment manager VanEck believes that Ethereum (ETH) could hit a five-figure price over the coming years. In a new research report, VanEck says that its 2030 base case target for Ethereum is $22,000, a gain of 472% from the current price, while its bull case target for the same period is $154,000, a 3,905% […]

Iggy Azaela’s new meme coin project, Mother Iggy, has rocketed up nearly 5,000% in the past seven days. The project, which has little utility, is growing on the back of a targeted promotional effort from Iggy via social media. MOTHER’s success and its pathway there has been criticised by industry figureheads like Vitalik Buterin and […]

[PRESS RELEASE – Hong Kong, China, June 7th, 2024] Memeland sets sail for MemeDay, declaring a new tradition in Web3 Memeland, one of the largest and fastest growing Web3-focused venture studios, announces the inaugural celebration of the first-ever MemeDay on 6.9 (June 9th), a day set to celebrate and remind Web3 of the power of […]

The Crypto Race: BlockDAG’s Stellar Keynote Leaves GameStop and Gorilla Behind with $45.8M Presale In a booming crypto market, GameStop and Gorilla are making waves with their high valuations and optimistic forecasts. Yet, BlockDAG has transcended these with its remarkable presale, raking in over $45.8 million after a stellar second keynote that showcased its innovative […]

It is now possible for Mastercard users to buy slew of cryptocurrencies, including Bitcoin, XRP and Shiba Inu, once again

TL;DR The Cardano (ADA) market experiences a 170% increase in derivatives trading volume in just 24 hours, surpassing $500 million. ADA price reaches $0.49, a level unseen in 17 days, driven by fear of missing out (FOMO) among investors. Whale activity increases, indicating a possible bullish trend, while active address data shows growing demand for […]

Interestingly, another of the lowest price cryptocurrency bears the DOGE tag. Known as Dogecoin X (DOGE), this new meme coin has a total supply of …

Ethereum price started a downside correction from the $3,885 resistance zone. ETH is now back below $3,800 and might continue to slide toward $3,720. Ethereum started a pullback after it failed to clear the $3,880 resistance. The price is trading below $3,840 and the 100-hourly Simple Moving Average. There was a break below a key […]