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Trial of ‘Art-themed Altcoin Fraudster’ Underway in South Korea
12.12.2023
Source: icedmocha/Adobe The trial of a suspected crypto fraudster who allegedly told victims they were investing in an art-themed altcoin and NFTs has begun at court in Gwangju, South Korea. According to Munhwa Ilbo, prosecutors say an individual surnamed Tak, aged 44, “defrauded” 13 “victims”...
Ark Invest Dumps Nearly $13 Million in GBTC Shares Amid Broader Market Sell-Off
12.12.2023
Source: Ark Invest Instagram Cathie Wood-led Ark Invest sold over $12.8 million worth of Grayscale Bitcoin Trust (GBTC) shares on Monday amid a broader market sell-off, Ark Invest Daily reported. The decision to offload 395,945 GBTC shares through the ARK Next Generation Internet ETF (ARKW) came...
Institutional Investors Maintain Buying Momentum as Crypto Funds Record $43 Million Inflows
11.12.2023
Source: Adobe / Luisa Institutional investors tighten their grip on cryptocurrency funds as the market records $43 million inflows in the last seven days marking an 11th consecutive week in the green zone. A recent CoinShares Digital Asset Fund Flows report shows a sustained bullish sentiment...
Terra Luna Classic Price Prediction as LUNC Falls 30% in 7 Days – Time to Buy Dip?
11.12.2023
Terra Luna Classic (LUNC) presents a stark reflection of volatility, having plummeted by 30% in the past week. The question arises—does this descent mark an opportune moment for investors to buy the dip? Today, LUNC’s live price hovers at $0.000179, backed by a trading volume of approximately...
Is It Too Late to Buy Terra? LUNA Price Sees 32% Increase in 30 Days as This Latest Meme Coin Shoots Toward $3 Million
11.12.2023
LUNA price is still in an uptrend as a new meme coin gains interest. Image by naito29, Adobe Stock. As the new week started, the cryptocurrency market entered a phase of volatility and bearish trends. Most major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), are experiencing...
Miami Crew Leader Sentenced to 63 Months in Prison for Crypto and Bank Fraud
11.12.2023
Source: Department of Justice The U.S. Department of Justice (DOJ) has announced a sixty-three-month prison sentence against a Miami crew leader for using stolen identities to steal $4 million from a crypto exchange. Per a press release from the department late last month, Esteban Cabrera Da Corte...
Enjin Completes Migration of Over 200 Million NFTs from Ethereum to Enjin Blockchain
11.12.2023
Source: Pixabay Enjin has completed the largest NFT migration in history, transferring 200 million NFTs to its Enjin Blockchain. In a press release published on Monday, Enjin highlighted the migration of more than 118 million NFTs from Ethereum and an additional 101 million NFTs from the Ethereum...
‘Florida Joker’ Demands $2 Million Over GTA 6 Parody, Red Dead 2 Actor Fires Back
11.12.2023
A Florida man is calling on Rockstar Games to pay him $2 million for showing literally one second of a character who looks like him in the reveal trailer for Grand Theft Auto 6. Lawrence Sullivan, AKA “Florida Joker,” accused the studio of stealing his likeness in his latest TikTok video. But a...
Bitcoin’s Recent Surge on Exchanges: Binance and Bitfinex Lead With $871M Inflow
11.12.2023
On Dec. 4, 2023, the amount of bitcoin stored on centralized cryptocurrency exchanges hit a low of 2,001,259. However, recent data indicates that within a span of less than a week, exchanges have seen an influx of 21,436 bitcoin, valued at approximately $928 million. Moreover, more than 60% of this...
As LINDA Token Grows 8,000% Overnight, This Unknown Crypto Platform Surges Past $3.4 Million Milestone
11.12.2023
Source: Dall•E 3 The LINDA Token price has rocketed by as much as 8,000% overnight, with the new meme coin rising to a high of $0.00008577 after listing on Uniswap three days ago. Reportedly taking its name from ConsenSys founder Joe Lubin’s pet dog, LINDA has already fallen substantially...
Is Cronos Going to Zero? CRO Faces a 7% Decline While New Bitcoin Project Reaches $5.1 Million
11.12.2023
The Cronos price has dropped by 3.5% in the past 24 hours, falling to $0.101700 as the market suffers a 3% loss today and as an exciting new Bitcoin project raises more than $5.1 million in its presale. Despite this loss, CRO is now up by 7% in a week and by 10% in the […]
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Scorpion Casino Sails Past the $2.2 Million Milestone as Investors Rush for Passive Income Opportunities
11.12.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. The presale for Scorpion Casino has sailed past the $2.2 million milestone as investors rush for the passive income potential on the platform. Scorpion Casino has created a revenue-sharing model that...
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...
M&G Invests $20M in UK Bitcoin Derivatives Platform GFO-X
11.12.2023
Source: Pexels UK asset management firm M&G Plc announced it has invested $20 million in the bitcoin derivatives exchange, Global Futures & Options Holdings (GFO-X) looking to support “regulated trading of digital assets” and meet demand from institutional investors. GFO has a partnership...
HTX Sees $258 Million in Net Outflow Since Resuming Operations Last Month
11.12.2023
Source: YouTube / CNBC Justin Sun-linked crypto exchange HTX has seen $248 million in net outflow since resuming operations after a major security breach last month. The breach resulted in the loss of $30 million worth of crypto tokens and prompted HTX to temporarily halt withdrawals and deposits....
Elon Musk’s Ripple Effect: Cogwise Predicts a $95 Million Revenue Loss for X and Its Impact on the Stock Price
10.12.2023
This Sponsored Story is written by Cogwise. As the fallout from Elon Musk’s bold statement continues to reverberate across the business landscape, one crucial question looms: How will the predicted $95 million revenue loss for X translate into tangible effects on its stock price?...
December Sparks NFT Sales Surge — Bitcoin Dominates as Market Recovers, Iconic Collections Realign
9.12.2023
In the wake of a strong rise in non-fungible token (NFT) sales last November, the initial week of December continued this trend, with sales escalating by 57% compared to the previous week. Bitcoin Outshines as NFT Sales Skyrocket in Early December This past week’s NFT sales amounted...
Chimpzee Intends to Save Forgotten Animals In Ukraine During Its Last Week of Fundraising – $2.5 Million Raised Already.
9.12.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Chimpzee recently announced its next goal is to provide financial contributions to Forgotten Animals to help neuter cats and dogs abandoned during the Ukraine War. The presale has already raised $2.5...
Nonco Raises over $10 Million in Seed Funding
8.12.2023
Digital asset brokerage firm, Nonco, has raised over $10 million in seed funding, according to a new statement from the company. “The leading brokerage firm for digital assets” “Our aim is to become the leading brokerage firm for digital assets, and we intend to achieve this by establishing a...
Is It Too Late to Buy Optimism? OP Price Gains 25% as a Futuristic Meme Coin Attracts $2.7 Million
8.12.2023
Optimism’s OP price surged 26.80% as Kraken enabled Tether deposits on the network. Image by akif, Adobe Stock. The recent price surge of the native Optimism token OP may be driven by Kraken’s launch of Tether (USDT) deposits and withdrawals on the Optimism network. ???? $USDT...