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The recent drop in the price of Cardano (ADA) below the $0.7 mark has left many investors puzzled. One plausible explanation that has emerged for this decline is the reduction in whale transactions on the network. Data from the crypto analytics platform Santiment reveals that transactions involving $100,000 or more have decreased since March 14,
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In recent days, KuCoin, a prominent cryptocurrency exchange, has faced a significant surge in withdrawal requests following the announcement of criminal charges by US authorities. Various on-chain analytics firms, such as DefiLlama, Nansen, and SpotOnChain, have reported a sharp increase in withdrawals across different categories of traders, including whales, funds, smart money, and market makers.
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The cryptocurrency market has seen a significant surge in meme coins recently, with coins like DogWifHat (WIF) and Dogecoin (DOGE) leading the charge. DogWifHat has experienced a remarkable 42% increase in value over the last seven days, while Dogecoin has surged by 37%. These gains have outpaced more traditional cryptocurrencies like Bitcoin and Ethereum, which
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Recently, major crypto exchange KuCoin, in addition to its two founders, has come under fire for allegedly failing to implement anti-money laundering (AML) and know-your-customer (KYC) procedures. Prosecutors claim that this lack of AML and KYC protocols on KuCoin allowed the platform to be utilized for laundering illicit funds derived from criminal activities. In a
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Portugal’s National Data Protection Commission (CNPD) has made the decision to ban Worldcoin from collecting biometric data for a period of three months. The reasons behind this ban are related to the company’s alleged failure to verify the age of its members, leading to the collection of data from minors without proper parental consent. Additionally,
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The Sandbox, a decentralized virtual world, has hit a significant milestone with over 1,000 user-generated experiences now available on its platform. This achievement highlights the incredible creativity and innovation of its community, which includes brands, gaming companies, and individual users. The diverse range of experiences, from adventure and racing to replicas of famous cities, showcases
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