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Scammers Use Meme Coin Mania to Defraud 42,000 Victims and Amass $32 Million: Blockfence
22.1.2024
A group of fraudsters has managed to deceive over 42,000 victims, accumulating a staggering $32 million in a series of crypto scams that began in April 2023. What makes this scam unique is the use of a method that even fooled some of the industry’s renowned “rug pull detectors,”...
Bitcoin Already Tops Silver In U.S. ETF Market After SEC Approvals
19.1.2024
The moment U.S. Bitcoin (BTC) spot ETFs went live last Thursday, they quietly achieved a major feat. The digital asset has now become the second-largest ETF commodity in the country, boasting $26 billion managed behind the securities wrapper. That’s more than silver ETFs, which hold slightly over...
Trader Uses Banana Gun Sniping Bot To Make $7M Off SatoshiVM Token Launch
19.1.2024
A crypto trader has managed to secure a profit of $6.77 million in just three hours after the launch of the SatoshiVM token. According to an X post published by blockchain trading firm Lookonchain, the trader used the “Banana Gun” sniping tool to purchase SatoshiVM before it launched....
This Solana competitor token is backed by analysts to hit $25 in 2024, is at a mere $0.07 Now
19.1.2024
Within the ever-evolving cryptocurrency landscape, characterized by the constant emergence of new projects, one token has managed to captivate the interest of both analysts and investors. Positioned as a formidable competitor to Solana, Retik Finance is creating significant waves in the crypto...
TUSD’s Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance’s Dominant Hold
16.1.2024
Market insights reveal that on January 15, 2024, the stablecoin TUSD deviated from its usual $1 parity, dipping to $0.979 per coin the next day. By 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $0.99 mark. TUSD Faces Unsteady Ground, Drops Under...
Most Top Crypto Apps Track Users: Robinhood Most Data-Hungry, Binance Brings a Surprise
27.12.2023
Source: AdobeStock / tashatuvango Popular cybersecurity company Surfshark recently analyzed the 15 most popular crypto apps to find out how much data each collects. They found that nine of these use collected data to track their users. But it’s not just how much data is collected, but how it’s...
Hacking Incidents Decreased for First Time Since 2021, Still $2 Billion in Crypto Assets Stolen in 2023
27.12.2023
Source: AdobeStock / Sergey Nivens Despite losing around $2 billion to crypto thefts, 2023 saw a slight decline in hacking incidents targeting the cryptocurrency industry. According to a recent report from De.FI, a prominent web3 security firm known for its REKT database, hackers managed to pilfer...
MS Wallet Drainer Has Siphoned Over $58 Million Using Google and X Phishing Ads
26.12.2023
A recent report from Scam Sniffer, an anti-scam solution, revealed that MS Wallet Drainer, a cryptocurrency malware tool, has managed to siphon over $58 million in crypto since March. The drainer uses Google search and X ads phishing links as a distribution vector and has affected over 63,000...
Elastos Unveils New Bitcoin Layer-2 Network to Enable Bitcoin Staking
19.12.2023
Source: Pixabay Public blockchain project Elasto has unveiled BeL2, a ‘Bitcoin roll-up’ introducing Bitcoin staking and other comprehensive Layer 2 solutions. BeL2’s Rollup introduces the implementation of smart contracts, enabling irreversible digital agreements between parties...
Indian Law Enforcement Arrest Key Player in GainBitcoin Scam Year After Mastermind’s Death
19.12.2023
Source: Pexels The Directorate of Enforcement (ED) has arrested Simpy Bhardwaj aka Simpy Gaur, wife of Ajay Bhardwaj in the ongoing money laundering investigation in the country’s largest crypto ponzi scam GainBitcoin. The main accused Ajay Bhardwaj and Mahender Bhardwaj managed to escape...
Market Turmoil Triggers Over $215M in Liquidations as 100,000 Traders Face Losses
19.12.2023
Source: iStock/Yevheniia Hordieieva The crypto market has recently experienced a surge in volatility, leading to more than $215 million in liquidations over the past 24 hours. Bitcoin (BTC), which had been trading at a multi-year low, rebounded by 5% in the last 24 hours, reaching a price...
Best Crypto to Buy Now December 11 – Bonk, BitTorrent, Injective
12.12.2023
Bonk, BitTorrent, and Injective surge as the best cryptos to buy now while fresh presales Bitcoin ETF Token and Meme Kombat offer alternatives. Image by cryptonews.com. The cryptocurrency market saw widespread declines with the start of the week. Amid the overall downturn, some cryptocurrencies...
World Gold Council Anticipates Flat Performance In ‘Soft Landing’ Scenario
11.12.2023
The World Gold Council (WGC) is anticipating a flat demand for the precious metal in the expected case of a “soft landing” scenario. However, the institution states that a recession is still not off the table, given that the U.S. Federal Reserve has managed only to pull off two soft...
Venture Capital Crypto Fund C1 Eyes Australia for Bargains: Report
11.12.2023
Source: Adobe / Sutthiphong Venture Capital crypto fund C1 Fund has been meeting a number of Australian businesses offering to buy private holdings from investors, reports the Australian Financial Review. C1 is a $500 million fund managed by investors based in Silicon Valley and the United Arab...
IBM Unveils New Cold Storage Technology for Enhanced Crypto Asset Security
6.12.2023
Source: DALL·E IBM has announced the release of latest technology designed to enhance the security of cold storage for digital assets, aiming to revolutionize the way cryptos are managed and protected. The IBM Hyper Protect Offline Signing Orchestrator (OSO) is specifically developed to overcome...
Crypto Loko Review, Bonuses & Promo Codes 2023
5.12.2023
Launched in 2022, Crypto Loko Casino is still relatively new in the world of crypto casinos. Thanks to some very interesting bonuses and promotions, the website has managed to attract a lot of players and make its presence known. This Crypto Loko review will take a closer look at those deals,...
Invest in the Future of the Planet For a Profit – How Chimpzee Turns Sustainability into a Source of Crypto Passive Income
5.12.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Sustainability and passive income? It’s a weird combo, for sure. But Chimpzee has managed to combine them by drawing on its Web3 capabilities. The new green crypto project uses a meme coin packaging...
Polygon PoS Now Supported By Amazon Managed Blockchain Access
4.12.2023
Source: AdobeStock / gguy Amazon Managed Blockchain (AMB) Access now supports the Polygon proof-of-stake (PoS) mainnet and the Mumbai testnet in public preview. AMB is a fully managed service that provides access to public and private blockchains. Polygon is a scaling solution leveraging...
3 Out of Every 4 Web3 Games Have Met Their Demise: CoinGecko Report
4.12.2023
Source: Adobe Stock / enchanted_fairy Three out of every four Web3 games launched in the past five years have met their demise, presenting a bleak outlook for GameFi industry. In a recent report, CoinGecko analyzed the launch and success rates of 2,817 games between 2018 and 2023. Shockingly...
FTX Granted Court Approval to Liquidate $744 Million Grayscale Trust Assets
30.11.2023
Bankrupt cryptocurrency exchange FTX just has received approval from a bankruptcy court to sell its stakes in digital trusts managed by Grayscale Investments, according to a bankruptcy court document filed on Friday. This move is part of FTX’s strategic efforts to repay billions owed...