Cryptocurrency has served as a breeding ground for fraudulent schemes and scams, with the Austin family being the latest culprits apprehended by authorities in the United States. This father-son duo, Brandon and Eugene “Hugh” Austin, are facing charges of operating a significant cryptocurrency fraud, accused of embezzling more than $10 million from unsuspecting investors. The
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The rise of Wall Street Memes, a prominent retail investing community, has captured the attention of a million supporters across various social media platforms in 2021. This burgeoning community has rapidly emerged as a force to be reckoned with in the online investing world. Powered by their massive following, experts predict that their token, $WSM,
CLabs, the organization responsible for the development of the Celo blockchain, has recently announced plans to reintegrate with the Ethereum ecosystem. The proposal, discussed on Celo’s governance forum, outlines a transition from an independent layer-1 blockchain to an Ethereum layer-2 solution. This decision aims to enhance the experience for Celo developers and leverage Ethereum’s tooling
Binance, the leading cryptocurrency exchange in the world, is reportedly planning to lay off a significant number of employees as it confronts a legal dispute with US regulators. Although the CEO of Binance, Changpeng Zhao, has acknowledged the layoffs, he has disputed the reported figures concerning the terminated staff members. This article examines the situation
The global blockchain market is experiencing remarkable growth, with a projected worth of $7.4 billion in 2022 and an estimated revenue of $94 billion by the end of 2027, according to a report by MarketsandMarkets. This rapid expansion can be attributed to the increasing utilization of the Ethereum blockchain by businesses striving for digital transformation.
The world of cryptocurrencies and non-fungible tokens (NFTs) has undoubtedly revolutionized various industries, offering new opportunities and avenues for investment and digital art. However, with the rise of these digital assets, there has also been an alarming increase in cybercrime targeting unsuspecting victims. One recent case that stands out is the alleged theft of cryptocurrencies
The crypto market has been a topic of great interest and speculation for many investors and enthusiasts. Recently, Ray Salmond, the show host and Cointelegraph head of markets, had an intriguing conversation with KryptosChain, a Polkadot ambassador and content creator, on the latest episode of Market Talks. In this article, we will analyze their discussion
Multichain, once a promising cross-chain router protocol, has found itself in a devastating situation. The company recently made the heart-wrenching decision to cease its operations due to a dire lack of operational funds. However, the financial struggles are not the only challenges faced by Multichain – its CEO, Zhaojun, is currently in police custody, adding
Renowned author and entrepreneur Robert Kiyosaki has once again voiced his support for bitcoin, gold, and silver, highlighting their significance in the face of the US government’s policies. In a recent tweet, Kiyosaki emphasized that the wealthy individuals will continue to accumulate wealth, indicating his belief in the potential of these assets. While the US
Republican Presidential candidate Ron DeSantis has made a bold declaration that, if elected, he will immediately put an end to the development of central bank digital currency (CBDC). DeSantis argues that a CBDC poses a significant threat to American liberty and should have no place in the country. This article explores DeSantis’ stance on CBDCs,
Attorneys representing Sam Bankman-Fried (SBF) have made a formal request to Judge Lewis Kaplan, seeking permission for select individuals to visit their client without the need for rigorous security checks. Currently, while SBF is allowed to reside at his parents’ residence in Palo Alto, California, he must comply with strict restrictions, including wearing an electronic
The team behind Base, in collaboration with Optimism, has made a major announcement – the mainnet of their Ethereum Layer 2 chain is now available for builders to deploy their products. This marks a significant milestone in the development of the Base ecosystem. In order to commemorate the early adopters of this platform, Base will
Cardano (ADA) has recently experienced a significant price surge, sparking interest among investors who are considering its potential for further gains. This surge was primarily driven by a favorable judicial decision regarding XRP (XRP), raising questions about whether Cardano has what it takes to break above the $0.40 mark. However, it is essential to approach
The recent announcement by Kain Warwick, the founder of Infinex, has created a buzz in the cryptocurrency world. Infinex, a groundbreaking frontend, aims to revolutionize the decentralized exchange (DEX) market by serving as a frontend to the derivatives liquidity protocol, Synthetix. Unlike its counterparts, Infinex focuses on enhancing the user experience and overcoming prominent obstacles,