The Australian Securities and Investments Commission (ASIC) has recently filed a lawsuit against the online trading platform eToro, accusing it of violating financial regulations related to cryptocurrency derivative products. This alleged violation has reportedly led to two-thirds of Contract For Difference (CFD) traders losing their funds. The ASIC Deputy Chair, Sarah Court, expressed disappointment over
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In a recent incident, Changpeng “CZ” Zhao, the CEO of Binance, shared a cautionary tale of a clever scam attempt that was fortunately unsuccessful. This incident highlights the increasing sophistication of scammers in the crypto world and serves as a reminder for users to stay vigilant. Scammers have devised a new weapon in their arsenal
The cryptocurrency market is abuzz with anticipation as the highly anticipated Shibarium launch draws near. Shiba Inu, originally a meme-based cryptocurrency, has now established its position in the market. Recent data from IntoTheBlock reveals significant activity among Shiba Inu’s whales, who have moved billions of SHIB tokens in the past 24 hours. This surge in
Bitcoin price is facing significant resistance as it struggles to break above the $30,000 level. The leading cryptocurrency started a fresh decline after failing to clear the resistance zone, and it is currently trading below key support levels. BTC attempted to surpass the $30,000 resistance zone but faced selling pressure, resulting in a fresh decline.
In the world of cryptocurrencies, the influence of social media on price movements is well-known. However, a recent study conducted by the Network Contagion Research Institute (NCRI) suggests that Twitter bots may have a much larger role in artificially inflating the price of altcoins than previously understood. The study analyzed over 3 million tweets involving
In a groundbreaking partnership, Gala Games, a leading company in the world of Web3 gaming, has joined forces with Elixir Games Launcher, a prominent distribution platform. The objective of this collaboration is to expand the accessibility of blockchain-based games and allow a wider audience to experience these innovative titles. Introducing Town Star and Spider Tanks
Ethereum, the second-largest cryptocurrency by market capitalization, has experienced a stagnant number of active ERC-20 addresses in 2023. Despite fluctuations in Ethereum’s price, the activity has remained relatively low, indicating a potential shift from bullish to bearish in the medium term. As of August 2, there were approximately 275,000 active ERC-20 addresses, showing minimal change
The recent decline in the price of Aave’s governance token, AAVE, has raised questions among investors about the future prospects of the decentralized finance (DeFi) sector. Between July 30 and August 1, the token experienced a 17% decline, reaching the $62 level. Although the token has managed to hold the $62 support level, the current
In the world of digital currency, crypto signals serve as road signs for investors, guiding them on when to buy or sell cryptocurrencies. However, not all platforms offering these signals are reliable, leading to significant financial losses for unsuspecting traders. For those seeking secure and informed decisions in cryptocurrency trading, a trustworthy platform that provides
GameStop, the renowned American gaming merchandise retailer, has recently announced its decision to remove its cryptocurrency wallets from the market starting from November 1, 2023. This move comes after the company had introduced these features in the spring of the previous year, allowing users to manage digital assets and non-fungible tokens (NFTs). In an official
NFTs, a unique form of digital assets, are revolutionizing industries worldwide, and the sports industry is no exception. This article delves into the transformative power of NFTs, exploring their potential to reshape fan engagement and collectibles in the realm of sports. Redefining Sports Memorabilia The advent of NFTs signifies a monumental shift in the world
In a recent statement shared on Kenya’s Ministry of the Interior official Facebook page, it was announced that the Kenyan Government has suspended the activity of Worldcoin, the digital identity crypto project. This comes as a response to concerns regarding the project’s collection of biometric data, specifically, iris and eyeball data. The Capital Markets Authority
Coinbase is set to integrate the Bitcoin Lightning Network (LN) into its platform, according to the exchange’s CEO, Brian Armstrong. This move comes as part of Coinbase’s efforts to drive cryptocurrency payments worldwide. By implementing LN, Coinbase aims to improve the user experience, solve scalability issues, and potentially increase the adoption of Bitcoin. The LN
OpenChat, a blockchain-based chat app powered by the Internet Computer (ICP) network, has recently introduced a groundbreaking feature called “Communities.” This latest addition aims to transform the way users interact and create groups within the app. While OpenChat was initially used by crypto enthusiasts for instant messaging, users began expressing a desire for the formation