In a recent report by Social Capital Markets, it was revealed that the US Securities and Exchange Commission (SEC) imposed a staggering $4.68 billion in fines against various crypto companies in 2024. This marks a significant increase from previous years and represents the most aggressive regulatory year in the agency’s history. The total fines imposed
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Gamee, a well-known player in the mobile gaming industry, has recently made a splash by entering the blockchain gaming space with their latest game, WatBird. This move aims to bridge the gap between casual gaming and blockchain technology, providing gamers with an easily accessible introduction to Web3. WatBird’s standout feature is Wat Racer, a fast-paced
In light of recent security breaches in the cryptocurrency world, the role of third-party audits in verifying the security of platforms has come to the forefront. Grant Thornton, a leading global auditor, recently conducted a comprehensive review of Liminal’s infrastructure following a hack on WazirX. The results of the audit provided valuable insights into the
In recent months, Coinbase has experienced a sharp decline in market share according to a report by research firm Kaiko. Earlier this year, Coinbase dominated more than half of the US crypto market share, reaching almost 55% in March. However, as of early September, its market share has dropped to 41%, down from 53% in
Ethereum, one of the top cryptocurrencies by market cap, has been facing a bearish movement recently, leading to a drop in its price. This downward trend has left many investors in the red and has raised concerns about the future of ETH. Despite its popularity, Ethereum continues to underperform compared to other cryptocurrencies in the
Bitcoin (BTC) witnessed a significant price drop over the weekend, triggered by the release of August nonfarm payrolls (NFP) data which failed to meet analysts’ expectations. The cryptocurrency experienced a sharp decline of nearly 5%, plunging below the $54,000 range and hitting its lowest level since early August. This sudden price weakness not only impacted
Friend.tech, a once-promising decentralized social media platform, has recently made a controversial decision to relinquish control of its smart contracts and transfer ownership to Ethereum’s null address. This move has had significant repercussions on the platform’s ecosystem, particularly on the value of the FRIEND token. While this decision has sparked immediate market reactions, it is
Crypto analyst Daan Crypto recently highlighted a Bitcoin Rainbow Chart, shedding light on the crypto’s current price action. According to Daan Crypto, Bitcoin needs to maintain a price level above $60,000 to initiate a bullish reversal in its trend. The analyst emphasized the significance of breaking above $60,000 for Bitcoin to potentially reach new highs
The United States Federal Bureau of Investigation (FBI) has recently issued a paper warning the public about the increasing threat of aggressive attacks from North Korean hackers targeting the crypto industry and companies associated with digital asset investment products. These attacks primarily consist of sophisticated social engineering tactics that even individuals well-versed in cybersecurity practices
Ethereum, once considered a strong competitor to Bitcoin, has seen a significant decline in performance since undergoing the Merge two years ago. The transition from a Proof-of-Work to a Proof-of-Stake consensus mechanism in September 2022 has had a notable impact on Ether’s value relative to Bitcoin. This article will delve into the major factors contributing
