Animoca Co-Founder Forecasts Crypto Market Value to Reach $200 Trillion in a Decade
In a recent episode of The Valr Podcast, Yat Siu, co-founder of the Hong Kong-based gaming software company and venture capital firm Animoca Brands, offered a highly optimistic projection for…
Hospitality Employee Sentenced for Laundering $2.5 Billion in Bitcoin
A hospitality worker in the United Kingdom has been sentenced to six years and eight months in prison after being convicted in a specialized court for laundering $2.5 billion worth…
Israel Initiates Digital Shekel CBDC Pilot for Payment Solutions
Israel is set to accelerate the development of its central bank digital currency (CBDC), the digital shekel, aiming to revolutionize its digital payments landscape. The Bank of Israel (BoI) is…
Regulatory Warning Prompts Ownership Transition at Binance France
In a significant shift in its corporate structure, Binance France has introduced new shareholders who now hold complete and equal ownership of the company. This change was propelled by a…
Analyst Reports $2.7 Billion Spent on Electricity for US Bitcoin Mining in 2024
In the first few months of 2024, Bitcoin miners in the United States incurred a substantial financial outlay for electricity, totaling approximately $2.7 billion. This spending underscores the significant energy…
Texas Regulators Uncover Fraud in Arkbit Crypto Mining Operations
The Texas State Securities Board (TSSB) has taken decisive action by issuing a cease and desist order to Arkbit Capital for its involvement in fraudulent cryptocurrency cloud mining activities. This…
Memecoin Surge Displaces Cardano from Top 10 Cryptocurrency Rankings
The cryptocurrency market has recently witnessed an explosive rise in the popularity of memecoins, significantly altering the landscape of top crypto rankings. In a notable shift, Shiba Inu has overtaken…
Increase in Crypto and Romance Scams on Canadian Dating Platforms
As summer approaches, Canadian dating platforms are becoming hotspots for crypto scammers, targeting users seeking romantic connections. These scammers are luring unsuspecting individuals into costly traps, causing significant financial losses…
MoonPay Rolls Out Web3 Tools to Boost Brand Digital Experiences
MoonPay, a prominent player in the crypto infrastructure sector, is expanding its horizons with the introduction of a new platform focused on Web3 tools designed to revolutionize digital experiences for…
Memecoin Programmed with ChatGPT Hits $638M Market Valuation
The cryptocurrency market has witnessed an extraordinary surge in the valuation of a memecoin named Turbo, which was developed using the AI chatbot ChatGPT. From a modest initial budget of…
Vitalik Buterin Advocates Crypto’s Right to Redefine ‘Inflation’
Vitalik Buterin, Ethereum’s co-founder, has recently ignited a discussion about the definition of inflation, claiming that the crypto community has already redefined this economic term in a way that diverges…
$80K Bitcoin Exploit on BNB Chain: Investigating a Potential White Hat Hacker
The BNB Chain recently experienced a potential exploit resulting in the loss of approximately $80,000 in Bitcoin. This amount, while relatively minor compared to typical cryptocurrency exploits, has sparked significant…
HTX Surpasses Coinbase in Daily Spot Trading Volumes
The cryptocurrency trading platform HTX, formerly known as Huobi, has recently surpassed the U.S.-based exchange Coinbase in terms of daily spot trading volumes, marking a significant shift in the competitive…
Sphere Labs Launches Innovative Bank-to-Wallet Service on Telegram
Sphere Labs, a prominent blockchain development company specializing in stablecoin solutions for businesses, has unveiled an innovative service aimed at simplifying financial transactions for Telegram users globally. Sphere Labs has…
Solana Shifts Priority Fee Structure, Allocating 100% to Validators
The Solana community recently passed a significant resolution affecting the network’s financial structure. On May 27, they voted with a 77% majority to allocate 100% of the priority fees generated…
Alleged Mastermind Behind Celebrity Memecoin Scandals Uncovered by Crypto Detective Roxo
In a riveting development within the cryptocurrency community, an 18-year-old X user known as Roxo, who boasts 17,100 followers, claims to have unveiled the identity of the individual orchestrating recent…
YouTube Co-Founder Supports Memecoin Inspired by Platform’s First Cat Video
Steve Chen, the co-founder and former Chief Technology Officer of YouTube, has recently ventured into supporting a unique memecoin project. This project, dubbed Pajamas (PAJAMAS), draws its inspiration from one…
Gopax Sells Half of Genesis Claims to Users Amid Financial Strain
Gopax, a major South Korean cryptocurrency exchange and one of the top five by market share, is reportedly navigating financial turmoil after it sold user deposit claims for only half…
Mt. Gox Transfers $9.6 Billion in Bitcoin, Signaling Repayment Efforts, Trustee Confirms
Mt. Gox, the collapsed cryptocurrency exchange, has made a significant on-chain transaction, consolidating $9.62 billion worth of Bitcoin into a new wallet, sparking hopes among creditors for imminent repayments. This…
The Rise of Memecoins: Dominating the Crypto Open Interest Landscape
The cryptocurrency market has witnessed a remarkable surge in interest surrounding memecoins during this bull season, transforming them from niche internet jokes to formidable players in the digital asset space.…