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Defi Rebounds: Total Value Locked and Token Prices Surge as 2023 Marks a Year of Recovery and Growth
26.12.2023
On April 3, 2022, decentralized finance (defi) protocols held approximately $163 billion total value locked (TVL). By the start of January 2023, this amount declined to $38.30 billion. Concurrently, in April 2022, the leading defi tokens by market capitalization were collectively worth $135...
Fake Crypto Websites on Google Ads Drain $3 Million in Christmas Phishing Scam
26.12.2023
Scammers drained $3 million in crypto from victims this Christmas using fake websites promoted on Google ads. Image by Fareed Mindalano, DALL-E 3. A new report reveals that scammers stole over $3 million in cryptocurrency from victims this holiday season using fake crypto websites promoted through...
Hong Kong Prepares for Retail Access to Spot Crypto ETFs + More News
26.12.2023
Source: AdobeStock / maurice norbert Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Hong Kong Prepares for Retail Access to Spot Crypto ETFs Southeast Asia Scammers Are Forced to Look...
Over 65% of Crypto-Related Tweets and 84% of Conversations on Reddit Were Positive in 2023
26.12.2023
Image Source: Pixabay There was a prevailing sense of optimism in the world of cryptocurrencies last year, with over 65% of conversations on X (formerly Twitter) and Reddit radiating positive sentiment. That is according to the latest report on crypto online sentiment by CoinWire and Storible...
Top crypto crystal ball 2024 predictions about Bitcoin & crypto
26.12.2023
With 2023 drawing to an end, the crypto market is finally experiencing some relief from years’ worth of slugfest. The crypto crystal ball predictions also suggest a bright future for the industry. The predictions expect 2024 to be the year for scaling solutions, interoperability, and Bitcoin...
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...
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's Share in Crypto Futures Trading Slides as Altcoin Profits Allure Traders
26.12.2023
Bitcoin's dominance by futures open interest has declined to 38% from nearly 50% two months ago
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...
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....