Cryptocurrency
Roaring Kitty Returns: GameStop Up, But Whale Rains on PEPE Parade
Meme stocks experienced a resurgence in the last 24 hours, with both GameStop (GME) and Pepe (PEPE) registering notable price movements. GME surged by nearly 50% to $0.007729, accompanied by...
Crypto Heist or Revenge Story? Ex-Employee Arrested in $1.9M Case
Jarett Dunn, a former employee of the Solana-based memecoin launchpad pump.fun, has publicly disclosed his recent arrest by London Police in connection with an alleged $1.9 million exploit at the...
Binance, Taiwan Team Up to Bust $6.2M Crypto Money Laundering
Binance’s financial crimes compliance unit (FCC) collaborated with Taiwanese authorities to dismantle a major money laundering operation involving digital assets. The joint effort, which included the Ministry of Justice Investigation...
Crypto Influencer Touts CTF’s Growth Potential on XRP Ledger
JackTheRippler, a prominent figure in the cryptocurrency community, recently drew attention to CryptoTradingFund (CTF), a token within the XRP Ledger (XRPL) ecosystem. JackTheRippler expressed optimism about CTF’s potential for growth,...
Crypto Firms Win in Senate, But Biden Veto Looms pen_spark
The U.S. Senate voted 60-38 on Thursday to overturn a rule issued by the SEC regarding the accounting treatment of crypto assets held by companies on behalf of their customers....
JPMorgan Raises Bitcoin Mining Cost Estimate to $45,000
JPMorgan analysts have revised their estimate for the cost of producing one bitcoin to $45,000, citing recent changes in the Bitcoin mining hashrate. This update comes after the quadrennial halving...
Morgan Stanley Bets BIg on Crypto with $270 Million GBTC Stake
In a sign of growing mainstream adoption, financial giant Morgan Stanley revealed a hefty $269.9 million investment in Bitcoin through Grayscale’s GBTC trust, as disclosed in its first-quarter 13F filing....
India’s SEBI Proposes Multi-Regulator Approach for Cryptocurrency Oversight
India’s Securities and Exchange Board of India (SEBI) has proposed a novel regulatory framework for cryptocurrencies, advocating a multi-regulator approach, according to Reuters. This proposal marks a potential shift in...
Should You Trust Crypto Twitter? Research Examines Influencer Impact
A new study by three researchers questions the effectiveness of crypto influencers on Twitter in influencing investment returns. The research, as reported by Wu Blockchain, analyzed the return rates of...
Coinbase Targets Crypto Demand in Australia’s $600B Pension Market
Coinbase, the leading U.S. cryptocurrency exchange, plans to launch a new service aimed at Australia’s growing Self-Managed Superannuation Funds (SMSFs), according to a recent interview with Asia-Pacific Managing Director John...
Underground Bank Network Targeting National Security Shut Down in China
Authorities in Chengdu, China, dismantled a large-scale underground bank operation in a months-long investigation, dealing a significant blow to illegal financial activity in the region. The investigation, which uncovered a...
Fraud and Money Laundering: Canadian Crypto King and Associate Charged
Canadian authorities have charged Aiden Pleterski, a self-proclaimed “Crypto King” residing in Whitby, Ontario, and his associate, Colin Murphy of Oshawa, Ontario, with fraud and money laundering offenses. The charges...
FTX Collapse: Salame Requests Lenient Sentence, Claims Innocence
Ryan Salame, a former executive at the now-bankrupt cryptocurrency exchange FTX, has requested a lenient 18-month prison sentence in connection with the fraud case surrounding the company’s collapse. Salame, who...
El Salvador Mines Bitcoin Using Volcano Power, Boosting Holdings
El Salvador has substantially increased its Bitcoin holdings by mining nearly 474 bitcoins in the last three years. This achievement, powered by the country’s geothermal energy plants, elevates the government’s...
Falcon Labs Fined $1.7M for Illegally Funneling U.S. Users into Crypto
The U.S. CFTC has made a significant crackdown on the crypto industry, taking enforcement action against Falcon Labs, a Seychelles-based crypto prime brokerage firm. As per a press statement on...
Coins.ph to Trial Stablecoin in Philippines’ Remittance Market, Here’s Why
The financial realm of the Philippines stands on the brink of change as the central bank gives the green light to Coins.ph to experiment with a groundbreaking stablecoin in the...
XRP Analyst Forecasts the Next Cycle Top for September 2024
Popular crypto expert EGRAG Crypto, known for his XRP analysis, shared a forecast regarding XRP’s “Super Guppy Cycle Top” in September 2024. EGRAG’s analysis compared the current cycle to past...
Cryptocurrency Developers Fight Back Against DOJ’s Money Transmission Stance
The recent policy arguments put forth by the U.S. Department of Justice (DOJ) regarding the scope of Federal prohibition on operating an unlicensed money transmitting business have sparked significant concerns. ...
US Expels Chinese Crypto Firm from Land Near Wyoming Nuclear Missile Base
US President Joe Biden prevented a Chinese crypto firm, MineOne Partners Ltd., from owning land located near the F.E. Warren Air Force Base. As the Wyoming Air Force base houses...
DEGEN Token Holds Strong Despite Degen Chain’s Block Production Halt
Wu Blockchain, a crypto news reporter, brought to light that the L3 blockchain Degen Chain has halted block production for more than 11 hours, with the reason behind it still...
BounceBit Mainnet Launches Amid Phishing Scam Alert
BounceBit, a Bitcoin restaking protocol, is set to launch its mainnet today, accompanied by the issuance of BB token airdrops. However, the excitement surrounding this milestone is dampened by a...
Panshi Underground Bank Busted: Over 2 Billion Yuan in Transactions
Police in Panshi City of the Jilin Province have successfully cracked down on a large-scale underground bank operation involving virtual currency, with the total transaction amount exceeding 2.14 billion yuan...
Uniswap Founder Urges Joe Biden To Reverse His Stance on Crypto
Uniswap Founder Hayden Adams, in his recent X post, raised the alarm over US President Joe Biden’s approach to cryptocurrencies. Adams pointed out that Biden and other Democrats’ alleged anti-crypto...
Feds Governor Foresees Continued Pause With Interest Rate Cuts in 2024
According to reports, Federal Reserve Governor Michelle Bowman said she doesn’t expect the Fed to cut interest rates in 2024. Bowman cited persistent inflation in the first several months of...
Mark Cuban Criticizes SEC’s Regulatory Policies, Prefers CFTC’s Authority
In response to Republican Presidential candidate Donald Trump’s public embrace of cryptocurrencies, American television personality Mark Cuban spotlighted the necessity of clear crypto regulations. Cuban criticized the Securities and Exchange...
