The cryptocurrency arena remains abuzz with speculation following the recent activity from a wallet tied to the now-defunct FTX exchange and its affiliated firm, Alameda Research. On September 12, the blockchain surveillance service PeckShield reported that this wallet redeemed a notable 177,693 Solana (SOL) tokens, with a staggering value of around $23.75 million. This transaction
admin
The rise of decentralized storage solutions marks a significant shift in how we manage data in the digital age. Among the prominent players in this emerging industry is GhostDrive, a relatively new platform that is swiftly gaining traction. With over 740,000 monthly users, GhostDrive operates as a Telegram Mini App built on the TON (The
Samuel Edyme, more famously known as HIM-buktu, is a web3 content writer, journalist, and an aspiring trader who has left an indelible mark on the crypto industry. His journey into the crypto universe was far from conventional, starting with a scam rather than a successful investment. Edyme found himself embroiled in a Ponzi scheme that
In recent times, the Commodity Futures Trading Commission (CFTC) has partnered with various federal and private organizations to combat the increasing trend of crypto scams known as “pig butchering.” The agency highlighted that these scams have resulted in billions of dollars in losses due to a lack of awareness and understanding among consumers. This collaborative
In a recent announcement, it was revealed that Tokocrypto, a subsidiary of Binance, has achieved a significant milestone by securing a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). This development is a testament to Tokocrypto’s dedication to regulatory compliance and positions the exchange as the third in Indonesia
Over the past two weeks, the cryptocurrency market has witnessed an 11% correction in bitcoin’s price, leading to extremely volatile trading conditions. Despite a brief rebound to $58,000, bitcoin still has a long way to go before reaching its all-time high levels. According to on-chain data from Santiment, wallets holding less than 1 BTC have
Nubank, a prominent fintech bank, made headlines with the recent announcement of suspending trading for its own cryptocurrency, Nucoin. The cryptocurrency, which was introduced as part of a reward program on the Polygon blockchain, will no longer be available for buying or selling within the bank’s app. Instead, it will function solely as an asset
As seen in the past, Cardano faced a significant 57% drop when the Federal Reserve initiated rate cuts back in 2019. This sudden downturn in the cryptocurrency market was triggered by the cut in interest rates and was further exacerbated by the uncertainties surrounding the link between rate cuts and crypto declines. The correlation between
In a groundbreaking move, the Law Commission of the United Kingdom (UK) Parliament presented the Property (Digital Assets, etc.) Bill to acknowledge digital holdings as legally binding assets. This legislation aims to categorize cryptocurrencies, non-fungible tokens (NFTs), and carbon credits under British property law for the first time in history, setting a new precedent in
The cryptocurrency market has been on a rollercoaster ride lately, with Ethereum (ETH) being one of the assets that has experienced significant fluctuations. After a sharp decline that saw ETH’s price drop to $2,154, there are now signs of a possible recovery. In the past 24 hours, Ethereum has made modest gains and is inching
