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Hydro Crypto Token Price Manipulation Convict Gets Jail Term
8.2.2024
A Florida federal jury convicted Hydrogen Technology Corp’s former head of financial engineering over crypto price manipulation conspiracy. The convict, Shane Hampton, allegedly orchestrated a months-long scheme to manipulate the price of Hydrogen Tech’s native crypto token – Hydro. The beleaguered...
Bridgetower Capital and Deus X Capital Launch $250 Million Digital Asset Platform in UAE
8.2.2024
Bridgetower Middle East, established by Bridgetower Capital and Deus X Capital, launched a digital asset platform in Abu Dhabi to cater to institutional investors in the UAE and Middle East. Arabian Business reported the establishment of Bridgetower ME, a joint venture between Bridgetower Capital...
Spot Bitcoin ETFs See Over $1 Billion in Daily Trading Volume, BlackRock’s IBIT Outshines
8.2.2024
Spot Bitcoin (BTC) exchange-traded funds (ETFs) have seen their total daily trading volume exceed $1 billion on Wednesday, with BlackRock emerging as the top performer. In a recent post on X, Bloomberg Intelligence analyst James Seyffart highlighted the standout performance of BlackRock’s...
Leading Privacy Crypto Monero Bounces Back: XMR Surges 25%, Defying Delisting Woes
7.2.2024
After the leading privacy crypto token monero experienced a substantial 32% price decline on Tuesday, the coin’s value swiftly saw recovery the next day, surging by 25% within the last 24 hours. Binance, Kraken, and Kucoin are witnessing significant activity in monero’s daily trading...
Stephen Chow’s “Nobody” NFTs Reach 10,000 ETH in Trading Volume
7.2.2024
Hong Kong movie director Stephen Chow launched an NFT collection titled “Nobody” on February 1 which has already reached nearly 10,000 ETH in trading volume on Opensea. At the time of writing, the collection has experienced trading activity of over 9,878 ETH (~ $22.8 million) with a daily volume...
ERC404, Ethereum’s experiment, generates $87 million in trades
7.2.2024
The NFT crypto-hybrid, ERC404, dubbed Ethereum’s experiment, has reportedly generated $87 million in total volume on DEXs, that is, decentralized exchanges. The same figure for NFT marketplaces stands at just below $1 million. The novel token brings together the attributes of fungible tokens...
Is Monero Doomed? XMR Plummets, Yet This Bitcoin Protocol Just Hit $10.3 Million in Funding
7.2.2024
After a tumultuous Binance announcement, the leading privacy token Monero has seen its price plummet. This XMR analysis takes a look at whether Monero is doomed to fall even further. Monero token’s huge price drop has been attributed to an announcement from Binance, which yesterday spooked...
Solana NFT Sales Volume Drops Below $1 Million + More NFT News
7.2.2024
Today, the non-fungible token (NFT) sales volume is up 7.25% to $33,596,036 over the past 24 hours. Buyers are up 13%, sellers are up 20%, and transactions increased 1%, according to CryptoSlam. Among the top collections per sales volume over the last 24 hours, Pandora is in first place with...
Solana Price Prediction as Outage Leads to $3 Million in Longs Liquidated – Can SOL Recover?
7.2.2024
Solana’s price has declined by 1% in the past 24 hours, dropping to $95.08 after the coin’s network suffered its first outage for almost a year yesterday. Because of the five-hour disruption, SOL has now declined by 6% in a week, although the alt remains up by 10% in a fortnight and...
Grayscale Reduces Bitcoin Holdings as Competing ETFs Continue to Bolster Reserves
7.2.2024
After the trading activity on Monday, which saw $642 million in transaction volume, Grayscale’s Bitcoin Trust sold off approximately 3,426.99 bitcoin, valued at around $147 million. Following Tuesday’s trading activity, GBTC offloaded an additional 2,565.39 bitcoin, valued at $110...
South Korean Crypto Exchange Bitsonic Execs Jailed for Price Manipulation
7.2.2024
A Seoul court jailed South Korean crypto exchange Bitsonic executives for manipulating crypto prices – and profiting to the tune of $7.5 million. Newsis reported that the Seoul Eastern District Court sentenced the CEO of the Bitsonic trading platform to seven years in prison. South Korean Crypto...
Hedera Secures $250 Million Partnership with Saudi Ministry of Investment for Web3 and Deep Tech Development
6.2.2024
Hedera, a leading Proof of Stake (POS) blockchain platform, has embarked on a transformative five-year partnership with the Saudi Ministry of Investment (MISA) to catalyze the development of Web3 technologies in the region. The collaboration, valued at $250 million, was unveiled during...
Cleanspark Expands Bitcoin Mining Operations to Mississippi With $19.8 Million Acquisition
6.2.2024
The publicly traded bitcoin mining entity Cleanspark has unveiled plans to broaden its operational footprint into Mississippi through the purchase of three fully operational bitcoin mining sites in the area. Alongside these Mississippi locations, the firm also secured a site in Dalton, Georgia...
Web3 Game Developer Wemade Reports Widening Losses in Q4 2023
6.2.2024
South Korean Web3 game developer Wemade has disclosed a significant increase in operating and net losses in the fourth quarter of last year, as per its latest earnings report. According to the report released on Tuesday, the Kosdaq-listed company’s net loss surged to 189.5 billion won ($142.6...
Solana’s Jupiter Airdrop Allegedly Leaked: A User Received Almost $1 Million Using 9,246 Wallets
6.2.2024
The recent airdrop of JUP, the token of the Solana native Jupiter exchange, was allegedly gamed by an individual who avoided established controls. An unknown airdrop hunter received 1.85 million JUP (almost $1 million) using over 9,000 wallets for this task, with some users presuming an insider...
Is It Too Late to Buy Sui? SUI Price Rallies as Surprising Meme Coin Secures $8.2 Million in Funding
6.2.2024
Sui Network is undertaking an upside push in the latest rally, but as the network hits major milestones – this article will take a look at whether it’s too late to buy SUI, given its recent rise. The continued upside pressure comes amid positive project news from the Sui Network...
Binance Discloses Token Listing Adjustments, Offers $5 Million Whistleblower Reward
6.2.2024
Binance has made changes to its token listing methods after some community members alleged malpractice on the part of employees involved in the process. Binance co-founder Yi He wrote on X (formerly Twitter) commenting on the latest community reaction, noting that internal mechanisms will...
Egypt Aims to Ease Pressure on Forex Reserves via $1 Billion Treasury Bill Auction
6.2.2024
Barely a month after raising $850 million from an auction of dollar-denominated treasury bills, the CBE was reportedly poised to raise $1 billion via similar instruments. The decision to hike overnight interest is said to be part of the central bank’s ongoing efforts to stabilize Egypt’s...
Crypto Yield Firm Haru Invest Execs Arrested in S.Korea for Laundering User Funds
6.2.2024
Top executives of Haru Invest, a South Korean crypto yield platform, have been arrested by the county’s prosecutors on Monday. The crypto investigation arm of the Seoul Southern District Prosecutors’ Office have arrested three people in connection with crypto fraud worth 1 trillion Won ($752...
BitMEX Co-Founder Arthur Hayes Sees Bitcoin Price Hit $1 Million on Bank Bailouts
6.2.2024
BitMEX co-founder and former CEO Arthur Hayes earlier posted on X a scenario where he sees Bitcoin price touching $1 million. Hayes tweeted that Federal Reserve Chairman Jerome Powell is saying US banks are strong to very strong, but NYCB (New York Community Bancorp) says otherwise. Who is right...