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Crypto Guide for Seniors
26.12.2023
Source: Pixabay It’s never too late in life to dabble in cryptocurrency investing – For seniors unfamiliar with the sector cryptocurrency is a type of digital or virtual currency that uses cryptography for virtual transactions. Unlike traditional currencies issued by governments (like the...
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...
STX Price Prediction: After 126% Price Jump in December, What’s in Store for 2024?
26.12.2023
Stacks (STX) has experienced a remarkable 126% price jump in December this year, catching the attention of investors and traders. As of now, the cryptocurrency is trading at $1.49, up by 2.56% over the past day. Over the past year, the token has gained an astounding 560%. With more than...
US-Approved Spot Bitcoin ETFs Could Surpass Entire $50 Billion Crypto ETP Market: BitMEX
26.12.2023
Source: Pexels The global market for cryptocurrency exchange-traded products (ETPs) has reached a significant milestone, currently comprising approximately 150 products with a total value of $50.3 billion in assets under management, as reported by BitMEX research. According to the research,...
This Shiba Inu Alternate Has the Power To Pump Like SHIB
26.12.2023
The “meme coin” phenomenon, sparked by Dogecoin (DOGE) and amplified by Shiba Inu (SHIB), has captured the imagination of investors and the crypto world alike. These tokens, often featuring dog-themed branding and lighthearted communities, have achieved astonishing price surges, leaving...
Survey Reveals 75% of Hong Kong’s Virtual Asset Investors Chase Short-Term Returns
26.12.2023
Source: iStock/Onfokus The majority of Hong Kong’s virtual asset investors chase short-term returns, embrace crypto as an investment trend, and fear missing opportunities. One of the key findings of the “Retail Investor Research 2023” report was that 75% of the surveyed virtual...
Bulgarian Prosecutors Drop Charges Against Crypto Lender Nexo — ‘No Evidence of Criminal Activity’
26.12.2023
The prosecutor’s office for Sofia, the capital city of Bulgaria, has dropped criminal proceedings against crypto lender Nexo. “The team of supervising prosecutors came to the conclusion that there was no evidence of committed crimes,” the authorities stated, adding that crypto...
Bitcoin Price Prediction: ETFs Boost BTC to $43,500, Japan Tax Reforms in Play
26.12.2023
In a remarkable surge, Bitcoin has reached $43,499, marking a 0.71 percent increase on Tuesday. This notable ascent can be largely attributed to the burgeoning interest in Spot Bitcoin ETFs, which are poised to surpass the combined inflows of all 150 crypto ETPs currently in the market. Adding...
Bitcoin Hashrate Hits New All-Time High, Exacerbating Profitability Challenges for Miners
26.12.2023
Source: AdobeStock / Photocreo Bednarek The hashrate of the Bitcoin (BTC) network has reached a new all-time high, putting additional pressure on miners who are already grappling with a slump in profitability. According to data from Blockchain.com and Bitinfocharts, Bitcoin’s hashrate soared...
Mt. Gox Creditors Report Receiving Compensation Payments via PayPal in Japanese Yen
26.12.2023
Source: AdobeStock / 24K-Production Creditors of now-defunct crypto exchange Mt. Gox have reported receiving fiat repayments for their trapped Bitcoin on the social media platform Reddit. According to recent posts on the Reddit page r/mtgoxinsolvency, Mt. Gox has begun sending Japanese...
China’s State Administration of Foreign Exchange Cracks Down on $2.2 Billion Crypto Exchange Ring
26.12.2023
The Chinese State Administration of Foreign Exchange (SAFE) has cracked down on an underground bank that used crypto to offer illegal exchange services. The operation, which had over 1,000 bank accounts and a presence in 17 provinces, moved over 15.8 billion yuan ($2.2 billion) to purchase crypto...
zkSync Era Resolves Network Glitch Triggered by Automated Safety Check
26.12.2023
Source: zkSync The zkSync development team recently addressed and resolved a network glitch in the zkSync Era platform with “no funds at risk,” according to a post by zkSync Development. The network glitch in the zkSync Era platform occurred on Dec. 25 at 05:50 UTC, as reported by the development...
Former FTX CEO Sam Bankman-Fried and Debtors Reach Settlement in Embed Proceeding
26.12.2023
Image by Александр Поташев, Adobe Stock The bankrupt crypto exchange FTX and its debtors have reached a settlement agreement with founder Samuel Bankman-Fried and others to address certain claims related to the acquisition of the stock trading platform Embed. In a December 22 filing with the United...
Telcoin Loses $1.3 Million in Security Breach, TEL Price Plummets Over 50%
26.12.2023
Source: Adobe / zedtox The Telcoin app recently faced a series of targeted attacks draining several wallets, causing a sharp 65% decline in the price of Telcoin ($TEL) for a brief period. The exploited vulnerability is estimated to have resulted in a loss of around $1.3 million. The identified...
US Lawmaker Spotlights Crypto Bills Approved by House Committee This Year
26.12.2023
U.S. Congressman Tom Emmer has highlighted various crypto bills that passed out of the House Committee on Financial Services this year. Among them is his appropriations amendment barring the U.S. Securities and Exchange Commission (SEC) “from using taxpayer dollars on its abusive crypto...
Tim Draper Expects Bitcoin Price to Hit $250,000 in 2024
26.12.2023
Venture capitalist Tim Draper has doubled down on his $250,000 bitcoin price forecast. “I would say that my number $250,000 will probably come pretty soon,” he emphasized, predicting that if the price of bitcoin hits $250,000, “it’ll go way past it.”...
Coinbase Fires Back at Senator Elizabeth Warren — Says Accusations Are Unfounded
26.12.2023
Nasdaq-listed crypto exchange Coinbase has responded to U.S. Senator Elizabeth Warren’s accusations that it hires national security veterans to oppose her legislation. “Your claim that Coinbase is attempting to undermine bipartisan legislation related to cryptocurrency is simply wrong....
Crypto Experts Are Accumulating This Web3 Trading Platform Token
25.12.2023
In the rapidly evolving realm of cryptocurrencies, Launchpad XYZ, a comprehensive Web3 trading platform, is garnering significant interest among seasoned crypto experts. Its multifaceted functionalities and innovative approach have led to a remarkable presale achievement, amassing over $2.26...
Is BONK Going to Zero? BONK Price Drops 3.9% as Latest Meme Coin Surges Past $4.4 Million Milestone
25.12.2023
In the unpredictable landscape of cryptocurrency, Bonk (BONK) has emerged as a remarkable new entrant. As the first dog-themed coin on the Solana blockchain, BONK has swiftly ascended to an impressive $1 billion market capitalization, a milestone achieved within an astonishingly short period since...
Survival of the Fittest: The Evolution and Consolidation of ASIC Bitcoin Mining Rig Makers
25.12.2023
Several years ago, the landscape of ASIC bitcoin mining producers was diverse. Yet, over the recent couple of years, a select few top manufacturers have sustained the production of bitcoin mining rigs. ASIC Mining’s Changing Landscape Once, numerous ASIC producers flourished, but today, only...