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Venezuelans Embrace Crypto Amid Hyperinflation: $20B Influx in 2024
Venezuelans Ditching the Dollar in Favor of Crypto Venezuelans are increasingly turning to cryptocurrencies like Bitcoin, Ethereum, and stablecoins to combat the rampant hyperinflation and protect their finances from the devaluing bolivar. Venezuelans using crypto to fight hyperinflation and secure finances. Crypto market in Venezuela grew by 110% in Q2 2024. $20 billion flowed into […]
Read MoreBlockchain Bandit Shifts 51,000 ETH, Sparking Security Fears and Theft Speculation
Blockchain Bandit Moves 51,000 Ether to Single Wallet After Two Years of Dormancy, Raising Security Concerns A massive transfer of 51,000 Ether (ETH), valued at roughly $102 million, from a wallet dormant for nearly two years has caused a stir in the cryptocurrency community. This unexpected movement of funds has ignited speculation and concern, with […]
Read MoreFEG Hacked Again: $1.07M Stolen, Token Crashes 99% – DeFi Security in Question
Feed Every Gorilla Falls Victim to Third Hack, Losing $1.07 Million In a recurring nightmare for the Feed Every Gorilla (FEG) project, hackers have struck again, exploiting a flaw in the project’s bridge and stealing tokens worth approximately $1.07 million. This latest breach has led to a catastrophic 99% drop in the FEG token price, […]
Read MoreBithumb’s Ex-CEO Jailed for 2 Years in Bribery Scandal: Crypto Corruption Exposed
Former Bithumb CEO Lee Sang-jun Sentenced to Two Years for Bribery in South Korea Lee Sang-jun, the former CEO of Bithumb, South Korea’s largest cryptocurrency exchange by trading volume, has been sentenced to two years in prison for accepting bribes in a fraudulent token listing scheme. The case involves a complex web of corruption that […]
Read MoreBitcoin Press Center: A Failed Attempt to Centralize Crypto Media Representation
Can a Decentralized Currency Like Bitcoin Ever Find Its Voice in the Mainstream Media? Bitcoin Press Center proposed in 2013 to enhance media coverage Controversy over inclusion of Roger Ver and Jon Matonis Attempt to centralize spokespeople fails, removed by January 2014 In April 2013, Bitcoin faced a pivotal moment in its quest for better […]
Read MoreAI16z Launches Own Blockchain and AI Agent Platform to Boost $ai16z Value
AI16z’s Ambitious Leap: Pioneering a Blockchain for AI Agents AI16z, the AI-powered investment DAO, is set to launch its own layer-1 blockchain, aiming to create a specialized ecosystem for AI agents. This move is part of a broader tokenomics overhaul designed to enhance the value of its native token, $ai16z. AI16z exploring own layer-1 blockchain […]
Read MoreBitcoin’s Decentralization at Risk: Sassano Highlights 7 Key Issues, Praises Ethereum
Bitcoin’s Decentralization Dilemma: Sassano’s Seven Points and Ethereum’s Rising Tide Ethereum advocate Anthony Sassano has sparked a heated debate by asserting that Bitcoin, the original cryptocurrency, is increasingly losing its edge in decentralization to Ethereum as of late 2024. Sassano’s critique pinpoints seven key areas where Bitcoin falters, while lauding Ethereum for its strides in […]
Read MoreMicroStrategy Buys $209M Bitcoin, Stock and BTC Prices Dip Amid Market Downturn
MicroStrategy’s Saylor Announces $209 Million Bitcoin Purchase In a move that has the crypto world buzzing, MicroStrategy’s co-founder Michael Saylor has just dropped another $209 million on Bitcoin. Despite this bold step, Bitcoin’s price has taken a hit, dipping 5.5% to $93,117, and MicroStrategy’s stock (MSTR) isn’t far behind, declining nearly 5% amidst a broader […]
Read MoreEthena’s Growth Head Seraphim Czecker Exits: What’s Next for DeFi Leader?
Ethena’s Head of Growth Seraphim Czecker Steps Down: Navigating the Future Seraphim Czecker, the driving force behind Ethena’s growth in the decentralized finance (DeFi) sector, has stepped down, prompting speculation about the platform’s future direction. Seraphim Czecker steps down as head of growth at Ethena Impact on Ethena’s growth and strategy Future of DeFi and […]
Read MoreFartcoin’s Volatility: Millionaires Made, Meme Index Emerges
Fartcoin’s Wild Ride: Millionaires, Memes, and Market Madness Fartcoin, the Solana-based meme coin that’s been turning heads and wallets, has experienced a rollercoaster of volatility. Despite a 12.5% dip today, the coin has soared 22% in the past week and a whopping 183% over the past month, catapulting early investors into millionaire status. Fartcoin’s 12.5% […]
Read MoreGrayscale’s Q1 2025 Altcoin Picks: Hyperliquid, Ethena, and More Enter the Fray
Grayscale Unveils Top 20 Altcoin Picks for Q1 2025: A Closer Look at the New Entrants Grayscale Research has updated its top 20 altcoin list for the first quarter of 2025, introducing six new cryptocurrencies: Hyperliquid (HYPE), Ethena (ENA), Virtual Protocol (VIRTUAL), Jupiter (JUP), Jito (JTO), and Grass (GRASS). This reshuffling underscores the evolving landscape […]
Read MoreFTX Creditor Clarifies: $7.5B Payout, Not $16B, Expected by March 2025
FTX Creditor Debunks $16B Payout Rumor, Clarifies $7.5B Distribution FTX creditor Sunil has debunked rumors of a $16 billion payout starting January 3, clarifying that the first distribution will range from $6.5 billion to $7.5 billion. Rumor debunked: $16B payout not happening; expect $6.5B to $7.5B. First distribution: Within 60 days of Chapter 11 plan, […]
Read MoreHong Kong Proposes Bitcoin for National Reserves, Aims to Lead Digital Economy
Hong Kong’s Bitcoin Reserve Proposal: A Bold Step into the Digital Economy Hong Kong legislator Wu Jiexhuang has proposed a groundbreaking move to include Bitcoin in the city’s national reserves, aiming to boost financial security and solidify its position as a leader in the global digital economy. Wu Jiexhuang proposes Bitcoin inclusion in Hong Kong’s […]
Read MoreRajya Sabha MP Vows to Tackle High Crypto Taxes in India
Rajya Sabha MP Raghav Chadha Vows to Address High Crypto Tax in Parliament Rajya Sabha MP Raghav Chadha has pledged to tackle the high cryptocurrency taxes in the upcoming parliamentary session, offering hope to India’s struggling crypto community. 30% flat tax and 1% TDS on crypto transactions Decline in trading volumes and shift to offshore […]
Read MoreGenius Group Boosts Bitcoin Holdings to $30M, Targets 1,000 BTC
Genius Group Amplifies Bitcoin Holdings to $30 Million: A Strategic Leap Forward Genius Group, an AI-powered company listed on the New York Stock Exchange, has made a significant move by increasing its Bitcoin holdings to 319.4 BTC, now valued at $30 million. This bold step forward aligns with their “Bitcoin-first” strategy, aiming to invest at […]
Read MoreBinance Executive’s 8-Month Nigeria Detention Fuels Crypto Regulation Debate
Binance Executive’s Eight-Month Ordeal in Nigeria Sparks Crypto Regulation Debate Tigran Gambaryan, a prominent Binance executive and former IRS agent, faces an eight-month detention in Nigeria on charges of tax evasion and money laundering, highlighting the ongoing tension between global crypto operations and national regulatory frameworks. Tigran Gambaryan detained in Nigeria for eight months Accusations […]
Read MoreTether Bolsters Bitcoin Reserves by $700M Amid EU Regulatory Storm
Tether Boosts Bitcoin Reserves with $700 Million Transfer Amid Regulatory Challenges In a bold move amidst regulatory storms, Tether has transferred a staggering $700 million in Bitcoin to its reserves. This strategic maneuver highlights Tether’s commitment to steering the Bitcoin wave with a $700 million paddle. Tether transferred 7,629 BTC to its reserve Largest transaction […]
Read MoreHanoi Police Thwart $1.17M Crypto Scam, Protecting 300 from Fraud
Hanoi Police Bust $1.17M Cryptocurrency Scam, Safeguarding 300 Victims In a decisive strike against cryptocurrency fraud, the Hanoi City Police Department dismantled a $1.17 million scam orchestrated by a company known as Million Smiles. This operation not only prevented the further victimization of 300 potential investors but also shed light on the pervasive issue of […]
Read MoreSonic Labs and Immunefi Unveil $2M Bug Bounty to Secure Blockchain
Sonic Labs and Immunefi Launch $2M Bug Bounty Program to Fortify Blockchain Security Sonic Labs, the team behind the Sonic blockchain, has partnered with Immunefi to launch a $2 million bug bounty program aimed at bolstering the security of their network following the mainnet launch. Sonic Labs and Immunefi launch $2M bug bounty program Program […]
Read MoreHyperLiquid Launches HYPE Staking: $8.4B Staked, $9B Market Cap, $4B Volume
HyperLiquid’s HYPE Token Staking: A Leap Forward in DeFi HyperLiquid, a pioneering layer-1 perpetual futures decentralized exchange (DEX), has rolled out native staking for its HYPE token, marking a significant milestone for the platform and the broader DeFi ecosystem. This initiative allows HYPE token holders to secure the network and earn rewards, with over 300 […]
Read MoreCrypto.com and Dubai Islamic Bank Unveil Sharia-Compliant Crypto in UAE
Crypto.com and Dubai Islamic Bank Launch Sharia-Compliant Crypto Products in UAE Crypto.com has partnered with Dubai Islamic Bank to introduce Sharia-compliant financial products, aiming to merge the worlds of cryptocurrency and Islamic finance in the UAE. Crypto.com and Dubai Islamic Bank launch Sharia-compliant products Tokenized Islamic sukuks and real-world asset tokenization planned Expansion efforts in […]
Read MoreJanover Now Accepts BTC, ETH, SOL: Real Estate Goes Crypto
Janover Embraces Crypto: Bitcoin, Ethereum, and Solana Now Accepted for Real Estate Services Janover, a Nasdaq-listed real estate platform harnessing artificial intelligence, announced on December 30, 2024, that it will now accept Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) for select services. This move highlights the ongoing integration of cryptocurrencies into mainstream business operations and […]
Read MoreMoonPay Secures MiCA License from Dutch AFM, Eyes EU Expansion
MoonPay Blasts Off into the EU Market with Groundbreaking MiCA Approval MoonPay, a leading crypto payments platform, has secured a MiCA license from the Dutch Authority for the Financial Markets (AFM), marking a significant milestone in its expansion across Europe. The EU’s new crypto regulation, known as the Markets in Crypto-Assets (MiCA), aims to provide […]
Read MoreRussia’s Digital Ruble Faces Bank Backlash as T-Bank Explores Tokenization
Russia’s Digital Ruble Faces Banking Opposition While T-Bank Explores Tokenization “Banks might no longer be needed in Russia once the digital ruble launches,” warns Anatoly Aksakov, head of the State Duma Committee on Financial Markets. As the Bank of Russia (BoR) gears up to launch its Central Bank Digital Currency (CBDC), known as the digital […]
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