Sharp Increase in Bitcoin Millionaires as Cryptocurrency Wealth Grows
Over the past year, the world has witnessed a dramatic increase in the number of Bitcoin millionaires, with statistics showing a 111% rise. This surge has resulted in 85,000 individuals…
Health Concerns Escalate for Binance Executive Detained in Nigeria
The family of Tigran Gambaryan, a Binance executive detained in Nigeria for alleged financial crimes, has expressed grave concerns regarding his deteriorating health condition after six months in custody. Gambaryan’s…
Crypto Investment Products Record Highest Inflows in Five Weeks
Cryptocurrency investment products have witnessed significant inflows, marking the largest investment surge in five weeks, particularly into Bitcoin-related exchange-traded products (ETPs). This increase in activity comes amid speculations about potential…
Weekly NFT Sales Show Recovery Despite Ongoing Market Challenges
The non-fungible token (NFT) market has seen a notable rebound in weekly sales volumes across some of the leading blockchains for digital collectibles after experiencing several downturns throughout 2024. According…
Thai Authorities Crack Down on Illegal Bitcoin Mining Operation Linked to Power Outages
Authorities in Thailand have taken decisive action against an illegal Bitcoin mining operation in Ratchaburi, a town located west of Bangkok. This raid, conducted on August 23, follows numerous complaints…
Binance Labs: New AI Investments Poised to Drive Growth in AI-Powered DApps
As artificial intelligence (AI) continues to converge with blockchain technology and digital assets, Binance’s venture capital and incubator arm, Binance Labs, has directed its investments toward AI-focused startups. Max Coniglio,…
Stablecoin Market Cap Reaches Record High Following 11 Months of Consecutive Growth
The stablecoin market has reached a new all-time high, with its capitalization hitting $168 billion, marking 11 consecutive months of growth. This surge surpasses the previous peak observed in March…
Mac Users Cautioned Over New “Cthulhu Stealer” Malware Targeting Crypto Wallets
Apple Mac users are currently facing a new cybersecurity threat from a malware strain known as “Cthulhu Stealer.” This malicious software has the capability to steal personal information, including credentials…
AI Tokens Surge Ahead of Anticipated Nvidia Earnings Report
Artificial intelligence-focused cryptocurrency tokens have experienced significant gains over the past week in anticipation of a major second-quarter earnings report from Nvidia, a tech giant known for its cutting-edge graphics…
Shiba Inu’s DAO Launch: A Step Towards Decentralized Governance
The team behind Shiba Inu, a popular memecoin and the 13th largest cryptocurrency by market capitalization, is gearing up to introduce a decentralized autonomous organization (DAO). This move marks a…
Local Crypto Stakeholders Advocate for Compliance-Based Regulation in Nigeria
Local stakeholders in Nigeria’s cryptocurrency sector are pushing for a regulatory framework that emphasizes compliance over criminalization. This shift is championed by Obinna Iwuno, the former president of the Stakeholders…
US Trustee Raises Concerns Over FTX’s Reorganization Plan
The reorganization proceedings for FTX, the beleaguered cryptocurrency exchange, have hit a significant snag. The U.S. trustee overseeing the case has lodged major objections against FTX’s revised reorganization plan. This…
Bitcoin Chart Hints at Potential Swift Ascent Toward $68K, Say Traders
In the ever-evolving landscape of cryptocurrency trading, patterns on Bitcoin’s price charts are catching the attention of traders, hinting at a potential rally toward its historic 2021 peaks. This analysis…
Partner of Former FTX Executive Faces Campaign Finance Charges
U.S. authorities have charged Michelle Bond, the partner of former FTX Digital Markets co-CEO Ryan Salame, with violations of campaign finance laws. The indictment, unsealed on August 22 in the…
Nearly 80% of Hacked Cryptocurrencies Struggle to Rebound in Price
According to the latest onchain security report, the majority of cryptocurrencies that have been hacked struggle to recover their market value. The report highlights some concerning statistics regarding the lasting…
Cryptocurrency Mining Malware Targets PostgreSQL Databases with Weak Passwords
A newly identified malware, dubbed PG_MEM, is compromising PostgreSQL databases by exploiting weak passwords to install cryptocurrency mining software. According to Aqua, a cloud-native cybersecurity firm, this malware could potentially…
India’s Cryptocurrency Regulation: Forthcoming Government Consultation Paper Crucial for Future Policy
India stands on the brink of a pivotal moment in the regulation of cryptocurrencies as the Department of Economic Affairs (DEA) prepares to release a critical consultation paper. This document,…
Hong Kong Regulator Cracks Down on Noncompliant Cryptocurrency Exchanges Amid Licensing Efforts
Hong Kong is intensifying its regulatory oversight on cryptocurrency exchanges that are still in the process of being fully licensed, following initial approvals. This move is part of the city’s…
SOS Limited Notified by NYSE of Noncompliance Due to Low Stock Prices
SOS Limited, a company specializing in blockchain-based services, has encountered a significant regulatory hurdle as it received a noncompliance notice from the New York Stock Exchange (NYSE). The notice was…
Bitfarms Secures $125 Million Acquisition of Stronghold Digital Mining
Bitfarms, a prominent player in the Bitcoin mining sector, has announced its acquisition of Stronghold Digital Mining for approximately $125 million, a deal that includes the assumption of about $50…