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Attorney Says They Are “Receiving 5-6 Emails a Day” From Victims of Pig Butchering Scams
1.1.2024
Source: AdobeStock / James Thew Pig butchering scams, a rapidly growing criminal activity involving online romance, fake crypto investments, and human trafficking, have been plaguing US citizens, resulting in significant financial losses. In a recnet interview, Erin West, Deputy District Attorney...
VanEck Adviser Says Spot Bitcoin ETF Impact is Overestimated Despite Long-Term Gains
1.1.2024
Source: Adobe Stock VanEck adviser Gabor Gurbacks pointed out that the hype of a Bitcoin (BTC) spot ETF in the market could be overestimated in terms of short-term inflows but could see long-term gains as the window widens. In a Jan 1 post, Gurbacks wrote on X (formerly Twitter) that people have...
Coinbase’s Chief Legal Officer Slams US Decision to Drop Additional Charges Against Bankman-Fried, Calls it a ‘Miscarriage of Justice’
1.1.2024
Source: a video screenshot, ABC News / YouTube US prosecutors have decided not to pursue the remaining charges against Sam Bankman-Fried, including allegations of foreign bribery and bank fraud. However, it is the dropped charge of unlawful political donations that has sparked significant concern...
Coinbase ‘Extensively Prepared’ for Spot Bitcoin ETF Approval
1.1.2024
Crypto exchange Coinbase says that it has “extensively prepared” for spot bitcoin exchange-traded fund (ETF) approvals by the U.S. Securities and Exchange Commission (SEC). Most spot bitcoin ETF applicants have named the Nasdaq-listed crypto platform as the custodian for their...
Unprecedented Downturn: Over 5,700 Crypto ATMs Decommissioned in 2023, Marking First Annual Decline
31.12.2023
Crypto automated teller machines (ATMs) have experienced a decline this year, marking the first downturn since October 2013, with the total count dipping from 39,350 to the present 33,620. Approximately 5,730 cryptocurrency ATMs have been decommissioned, constituting a 14.56% decrease from the peak...
Frenzy for 1,000x Gains Drives Surge in New Tokens on Solana
31.12.2023
Source: AdobeStock / Aleksandra Sova The Solana blockchain network has experienced an unprecedented influx of new tokens this month, surpassing any previous records by a significant margin. According to data from Solscan, over the last two weeks alone, a staggering 72,202 new tokens have been...
5 Mining Pools Dominated in 2023, Discovering Over 84% of Bitcoin’s Blocks
31.12.2023
Over the past year, statistics reveal that 54,002 bitcoin blocks have been mined from Dec. 30, 2022, to Dec. 30, 2023. Leading the industry this year, Foundry USA topped the charts by mining 16,492 blocks in the past 12 months. Additionally, miners navigated through a total of 27 difficulty...
Bitcoin Reigns Supreme in NFT Market With Record-Breaking $853 Million in December Sales
30.12.2023
In November, Bitcoin clinched the leading position in monthly non-fungible token (NFT) sales, and interestingly, this month Bitcoin continued to retain its top status, amassing a total of $853 million in sales. NFT Sales Surge: Bitcoin Holds Top Spot With Unprecedented December Rise Although...
Bitcoin Price Prediction Amid $42,000 Dip: BlackRock, VanEck ETF Moves & JPMorgan CEO’s Stance
30.12.2023
In the dynamic realm of cryptocurrency, Bitcoin‘s latest market movements have become a focal point of interest. As of Saturday, Bitcoin’s trading value hovers around $42,000, marking a decline of over 1.50%. This fluctuation coincides with significant developments in the investment...
Crypto Miners’ Bitcoin Reserves Hit Lowest Level Since May Amidst Increased Selling Pressure
30.12.2023
Source: AdobeStock / Photocreo Bednarek Bitcoin miner reserves have reached their lowest point since May, signaling increased selling pressure as the largest cryptocurrency records a December gain of more than 13%. Data from CryptoQuant indicates that Bitcoin miners’ reserves have been...
India Cracks Down on Offshore Crypto Exchanges — Blocks Binance, 8 Other Platforms
30.12.2023
The Indian government has directed the Ministry of Electronics and Information Technology to bar access to offshore cryptocurrency exchanges deemed illegal within the country. The nine affected crypto platforms include Binance, Kucoin, Huobi, Kraken, and Bitfinex. The Ministry of Finance also...
US Lawmakers Seek to Fire SEC Chair Gary Gensler in 2024
30.12.2023
Two U.S. lawmakers have joined forces in an effort to fire Securities and Exchange Commission (SEC) Chairman Gary Gensler. “2024 would be a great time to fire Gary Gensler, pass the SEC Stabilization Act, [and] hold the SEC accountable for its corruption,” Congressman Warren Davidson...
DOJ Halts Second Trial Against FTX’s Bankman Fried, Citing Sufficiency of Initial Evidence and ‘Public Interest’
30.12.2023
On Dec. 29, 2023, past 6 p.m. Eastern Time (ET), the Department of Justice (DOJ) conveyed in a letter to Judge Lewis Kaplan its decision to not move forward with a subsequent trial against Sam Bankman-Fried, the ex-CEO of FTX. FTX’s Bankman Fried Avoids Second Trial According to several...
Top Crypto Gainers Today on DEXTools – CAT, POLAR, WHAT
30.12.2023
Top Crypto Gainers Today on DEXTools – CAT, POLAR, WHAT Blue-chip cryptocurrency markets have been chopping all over the place on Friday, amid a wave of option expiries on the final day of trade of the year for traditional asset markets (crypto markets never shut, so the final day of trade of...
China Tightens Grip on Cryptocurrency Trading, Targets Use of Tether in Foreign Exchange
29.12.2023
Source: AdobeStock / Wit Chinese authorities have issued a stern directive for an enhanced crackdown on the use of cryptocurrencies, emphasizing their role in illegal foreign exchange trading as part of ongoing efforts to mitigate financial risks. In a joint statement released on Wednesday,...
Reports State at Least $1.7B Was Lost in Hacks and Exploits During 2023
29.12.2023
Several reports that have recently surfaced have revealed the extent of losses that crypto platforms and users faced during 2023 as a product of exploits and hacks. TRM Labs’ latest report states that the number ascended to $1.7 billion, while De.fi, another Web3 security firm, states that...
PlayToEarn Blockchain Game Awards 2023: Celebrating Excellence in Web3 Gaming
29.12.2023
In our ongoing commitment to recognize excellence in the blockchain gaming industry, PlayToEarn is thrilled to present the third edition of the PlayToEarn Blockchain Game Awards. This year’s awards aim to acknowledge the top games, creators, and guilds that have made significant contributions...
Bitcoin ETF Competition Grows; Polkadot & InQubeta Garner Growing Buyer Interest
29.12.2023
The Bitcoin ETF industry is seeing new headlines hit the market almost every other day. So much so that Franklin Templeton, which is a global asset management company, has even submitted an application for its own spot ETF. We have Blackrock, Valkyrie, Bitwise, and almost 20 other applicants...
SOLTAMA Coin is Up 17,000% Today and This Other Meme Coin is About to Explode – How to Buy?
29.12.2023
As Solana memecoins continue to explode amid the latest DEX-traded trend, Saitama coin (SOLTAMA) has erupted +17,000% – could this other meme coin be next? This comes as recent months have seen a huge trend in explosive DEX-traded token moves, with countless moon-shots garnering significant...
FTX Debtors Release Estimated Values for Cryptocurrency Claims, Bitcoin Priced at $16,871 per Coin
29.12.2023
Source: Adobe / Александр Поташев FTX Trading Ltd. affiliated debtors have submitted a motion for the entry of an order estimating the value of claims related to digital assets and fiat currency, including customer entitlement claims. In a filing made on December 27 in the United States Bankruptcy...